Milestone Tender Opens Market to DRC Miners
June 18, 26
A sale of rough diamonds from the Democratic Republic of Congo (DRC) in Antwerp today (18 June) broke a decades-old pattern which locked artisanal miners out of the international market. In what is billed as a world first, a small parcel of diamonds from ... Read More...
Record Profits for Chow Tai Fook
June 18, 26Chow Tai Fook reported record-high profits for fiscal year 2026, even as the latest quarter showed weakness in mainland China. Revenue for the 12 months to 31 March 2026 was HK$94.4 billion (US$12.1 billion), up 5.3% from the previous year.... Read More...
Employee "Stole and Pawned $150,000 of Jewelry"
June 18, 26A former employee allegedly stole goods worth $150,000 from the jewelry store where she worked and pawned them at shops across South Florida, USA. Investigators suspect Zabrina Herrera Acosta, 46, of exploiting a blind spot in the security camera ... Read More...
De Beers Sale could be "Weeks Away" says CEO
June 17, 26The sale of De Beers may be just weeks away, according to CEO Al Cook - ending more than two years of uncertainty for Anglo American's loss-making diamond company. Divestiture is "closer than it has ever been," he told the Reuters NEXT... Read More...
Union Condemns Petra's Mine Suspension and Jobs Threat
June 16, 26South Africa's National Union of Mineworkers (NUM) has condemned Petra over its decision to put its Finsch mine into business rescue, and to issue a jobs warning for its other deposit, at Cullinan. The union says a total of 1,779 jobs are at risk... Read More...
Memo by John Jeffay
June 11One day, two diamond mine closures. News that Petra was suspending operations at its Finsch mine, in South Africa, and that Storm Mountain Diamonds was doing likewise at Kao, in Lesotho, broke on the same day, Friday 29 May. Petra's suspension... Read More...