Diavik Yields a 158-ct Yellow Diamond
April 01, 25
Rio Tinto has recovered a huge yellow diamond from its Diavik mine, on the edge of the Arctic Circle, in Canada. The miner described the 158.20 carat rough as "exceptional". It is one of only five +100-cts yellow diamonds unearthed at Diavik ... Read More...
IDEX Polished Price: Further Stability in March
April 01, 25The IDEX Polished Price Index remained largely stable during March. It lost 0.54 per cent, which is small compared to monthly losses of over 3 per cent last year. In February it was also stable (a marginal 0.02 per cent gain). In January it fell 1.32 per cent... Read More...
Namibia Must Diversify from Diamonds
April 01, 25Namibia's finance minister called for diversification from diamonds in her budget speech last week (27 March), as she forecast only modest growth in the country's economy. Ericah Shafudah forecast 4.5 per cent growth this year, down from the... Read More...
IDEX Price Report for 1 April: Mixed Picture for Rounds and Fancies
April 01, 25Prices showed less positive movement during March than they did in February, when fancies performed particularly well. That's despite reports of lower inventories and rising sentiment. Price gains in rounds dominated in 4.00-cts to 5.99-cts, primarily ... Read More...
Mountain Province Loss Almost Doubles in 2024
March 31, 25Mountain Province's net loss in FY 2024 almost doubled from the previous year, as the Canadian miner sold fewer carats for lower prices. It was "a challenging year for the diamond industry," said Reid Mackie, the company's vice president... Read More...
Memo by John Jeffay
March 27Remember Gerald Ratner? He managed to wipe $500m off the value of Ratners Group, the British jewelry company, almost overnight with his frank assessment of the goods it sold. It was back in 1991 that he made his infamous comments at an Institute of Directors... Read More...