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Latest News & Stories

Steinmetz Loses Latest Round in $2.1bn Vale Battle

Diamond billionaire Beny Steinmetz has lost the latest round of a legal battle with Brazilian mining giant Vale. He challenged an order by a US court to comply with discovery requests relating ... Read More..

Gem Auctions Sells $57m of Rough at Debut Tender

A debut tender by newly-established Gem Auctions DMCC sold 120,000 carats of rough for over $57m. The company, founded by mining veteran Alan Davies, said it was "the largest... Read More..

Sterling Jewelers Accused of Gender Discrimination

A former employee claims she was unfairly fired by Sterling Jewelers - part of the Signet group - after allegedly suffering workplace gender discrimination and sexual harassment... Read More..

"Healthy Industry": Lucara Forecasts 2022 Revenue of up to $215m

The diamond industry is healthier than it has been for several years, said Canadian miner Lucara today, as it forecast revenue of $185m to $215m next year. It expects to recover and sell 300,000 to ... Read More..

KP Compliance: India's Diamond Traders Must Join GJEPC

The Indian government says all trade in rough diamonds must now be regulated by the Gem & Jewellery Export Promotion Council (GJEPC) for Kimberley Process compliance... Read More..

Diwali Closures see De Beers Sales Dip to $430m

De Beers today reported provisional rough sales of $430m at its ninth sight of the year. That's down almost 13 per cent on the previous sight, largely because of the extended Diwali closures ... Read More..