Lab Grown Companies Move to Near-Empty Surat Bourse
October 14, 24
The near-empty Surat Diamond Bourse (SDB) is hoping the arrival of around 40 lab grown traders will signal a change in its fortunes. The vast new center, recognized by Guinness World Records as the largest office building in existence... Read More...
Senator's Jewels sell for over $500,000
October 14, 24A collection of jewelry owned by the late Senator Dianne Feinstein sold for over $500,000 in the Legacy of a Stateswoman auction at Bonhams in Los Angeles. That's more than three-and-a-half times the pre-sale estimate. The entire sale... Read More...
Diamond Mine Workers Strike over Unpaid Salaries
October 14, 24Over 300 workers at the RZM Murowa diamond mine, in Zimbabwe, have gone on strike after two months without pay, according to local media reports. The company has been operating at full capacity, but has failed to provide workers with... Read More...
Global Supply of Diamonds has Peaked
October 13, 24The supply of natural diamonds globally has peaked, Moses Madondo, CEO of De Beers group managed operations, told a conference in South Africa. Production is declining, with a number of mine closures on the horizon, he said, but no new ... Read More...
Five Takeaways for Evolving Jewelry Businesses
October 13, 24Jewelry businesses stand at a crossroads and must evolve to face new consumer challenges, says a new report by consultants Hill & Co. Its 29-page Breaking The Chain, available for free online, identifies five key takeaways for businesses facing... Read More...
Memo by John Jeffay
October 10Gem Diamonds recovered five +100-cts rough stones last year from its Letseng mine. This year it's recovered 13. And it's only the start of October. A rough gem of that size will typically sell for $3m to $4m, so for a junior miner like Gem, the number of such high-value... Read More...