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Latest News & Stories

Demand Keeps Growing for Watches and Jewelry in US

Total sales of jewelry and watches in the US kept climbing in August, up by 9.3 per cent. That's the biggest monthly increase for four years. The July figure has been revised down from... Read More..

 
Ring with a World Record 7,801 Diamonds

A team of jewelers in India have created a ring set with a record 7,801 diamonds. The design, based on a rare, sacred Himalayan flower, has 46 petals, with diamonds covering every available surface... Read More..

Australian Gem Trader "Helped Finance al-Qaeda"

The US government has imposed sanctions on an Australian gemstone trader over his alleged links to al-Qaeda, the terror group behind the 9/11 attacks that claimed almost 3,000 lives. Read More..

 
Travel Bans Hit India's Supply of Rough

India's recovering diamond industry is reportedly running short of rough, as coronavirus restricts air travel. Demand is growing but after three voluntary trade embargoes at the peak... Read More..

Lenders Rescue Petra with Restructuring Deal

Troubled Petra Diamonds has agreed a debt-for-equity restructuring deal with lenders, after failing to attract any buyers. The UK-listed miner, founded by Adonis Pouroulis in 1997, was... Read More..

 
Coronavirus Sends Botswana into Recession

Botswana, the world's top diamond-producing country by value, has officially entered recession as it battles coronavirus. One of the biggest factors was the Q2 collapse of diamond mining... Read More..