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Latest News & Stories

"No Hurry" to Sell off De Beers

Anglo American is in no hurry to spin off De Beers, according to Mountain Province, a joint venture partner with the UK-based diamond miner. Mark Wall, CEO at Mountain Province, told Reuters: "I have had many discussions... Read More..

250 Surat Bourse Offices to Open Next Month

The troubled Surat Diamond Bourse (SDB) says it is now working towards having 250 offices open and operating by early next month. That's still only a fraction of the building's 4,200 capacity. SDB, recognized by Guinness... Read More..

Russia Seeks New Markets as "Illegal Unilateral Restrictions" Bite

Russia is seeking to strengthen ties with Brazil, India, China, and South Africa and other BRICS countries in response to tighter sanctions on diamonds from the G7 and EU. Setting an agenda for "equal and fair interaction between ... Read More..

Record Ruby Prices at Gemfields Auctions

Gemfields, the British gemstone miner, says it achieved the highest ever average price per carat for rubies sold at its June auctions. The sale of 216,600 carats raised a total of £68.7m - an average $316.95 per carat. Gemfields cautioned... Read More..

Another Month of Decline for India's Diamond Exports

India's exports of polished diamonds suffered a further drop in May, down by almost 15 per cent to $1.47bn. But the year-on-year rate of decline shows some signs of slowing, according to new figures from the GJEPC (Gem and Jewellery ... Read More..

Yood Replaces Stevens as CEO at JVC

Tiffany Stevens is standing down as president, CEO, and general counsel of Jewelers Vigilance Committee (JVC) which serves as the jewelry industry's independent legal expert, and will be replaced by her current deputy Sara Yood... Read More..