IDEX Polished Price Index: The Decline Slows in April
May 02, 24
The IDEX Polished Price Index slipped marginally in April. The trend remains downwards, but the decline during the month was a modest 0.59 per cent, compared with 1.52 per cent in March. It's too early ... Read More...
New Ekati Owners Report Record Revenues
May 02, 24Burgundy, new owners of the Ekati diamond mine in Canada, is reporting record revenues of $117m in Q1. The Australian miner paid $136m when it bought the mine from the Arctic Canadian Diamond Company... Read More...
G7 Sanctions: Alrosa to Sell Share in Catoca Mine
May 02, 24Alrosa is to sell the 41 per cent stake it holds in Catoca, the Angolan diamond mine. The government of Angola has been pushing for it to withdraw unconditionally from Sociedade Mineira de Catoca, the ... Read More...
Expensive Typo: $14,000 Cartier Earrings Sell for Just $14
May 02, 24A customer paid just $14 for a pair of Cartier gold and diamond earrings, thanks to a typo on the jeweler's website. The real price was $14,000. Rogelio Villarreal, 27, from Mexico, had never even heard of the... Read More...
Boucheron Bucks Trend as Kering Revenue Falls Again
May 01, 24Kering, the French luxury group, reported an 11 per cent drop in revenue to $4.8bn during Q1, but reported double-digit growth at Boucheron and "outstanding performances" at its other high jewelry maisons... Read More...
Memo by Erez Rivlin
May 02Despite Anglo's board declining the takeover bid, BHP has till May 22nd to give a final offer, following UK takeover laws. Contemplating the outcome of such a move is a must for the diamond industry. On the one hand, De Beers changing ... Read More...