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Latest News & Stories

De Beers Heads for Higher Earnings, as Alrosa is hit by Sanctions

De Beers is heading for a bigger market share and an increase of almost 10 per cent in earnings this year, says Morgan Stanley, as sanctions continue to hit rival Russian exports. The UK-based miner is... Read More..

Richemont Loses $177m from Russia Boycott, but Doubles Profits

Richemont has lost $177m from its withdrawal from Russia. But the Swiss-based company, that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, still saw operating... Read More..

Quarter of Surat's Diamond Workforce on Unpaid Leave

About 250,000 diamond workers in Surat have been put on two weeks' unpaid leave as rough supplies are squeezed by sanctions and banking restrictions against Alrosa. The Russian miner normally ... Read More..

India's Future is Lab Grown, says GJEPC Boss

India could hugely increase its lab grown diamond production to support a "stronger and more self-reliant domestic cutting and polishing industry," says the GJEPC. It currently produces around 1.5m carats,... Read More..

Dominica Drops Charges over Choksi's "Illegal Entry"

Fugitive diamantaire Mehul Choksi is no longer facing charges over his "illegal entry" to the Caribbean island of Dominica almost a year ago. He is still wanted by authorities in his native India over the... Read More..

Alrosa Sells More Diamonds to Russian Investors

Alrosa's sales of high-value diamonds to wealthy investors in Russia have increased significantly since sanctions and hard currency restrictions were imposed. The miner, part-owned by the ... Read More..