Stevens Quits IGI after Less than a Year
June 11, 25
Tiffany Stevens has quit after less than a year as head of the North American branch of IGI, the International Gemological Institute. She replaced Avi Levy in July 2024, after he joined rival lab GCAL by Sarine. No reason has been given for her departure and... Read More...
Alrosa Concludes Sale of Share in Catoca
June 11, 25Alrosa has concluded the sale of its 41 per cent share in Catoca, Angola's state-controlled diamond miner, drawing an end to a 32-year partnership. It has been acquired by Taadeen, a subsidiary of Oman's sovereign wealth fund. The move was announced ... Read More...
De Beers "Could Sell for Just Half its $4.9bn Valuation"
June 10, 25Anglo American could begin the formal process of selling De Beers, its loss-making diamond division, within weeks - but may have to settle for only half its $4.9bn valuation, according to a Financial Times (FT) report. Two former CEOs of the UK-based... Read More...
Historic Napoleon Diamond Ring could Fetch $340,000
June 10, 25A gold and diamond signet ring that belonged to Napoleon Bonaparte is expected to sell for up to $340,000 at Sotheby's Paris later this month. It was crafted over 200 years by Marie-Étienne Nitot, Napoleon's official jeweler, who went to found the... Read More...
New De Beers' Strategy for Brown and Yellow Diamonds
June 10, 25De Beers has unveiled a new marketing strategy to enhance the profile of brown and yellow diamonds. It announced its Ombre Desert Diamonds concept at the JCK Las Vegas show last week, describing it as the company's first "beacon" product in over a ..., Read More...
Memo by John Jeffay
June 05Stand by for more tariffs turmoil. Donald Trump caused global mayhem with his "Liberation Day" announcement on 2 April, imposing reciprocal import duties on all US trading partners. He pressed the pause button a week later, offering a 90-day reprieve... Read More...