A Canadian fraudster has been sentenced to 56 months in a US prison after he admitted masterminding a US$15m pink diamond scam. James Gagliardini, 46, defrauded around 200 victims - many described as seniors or "unsophisticated" ... Read More..

Burgundy, new owners of the Ekati diamond mine in Canada, has reported an increase in quarterly revenue - as it sold more carats for lower prices. Total proceeds for the three months to 30 September were $118m, compared to $91m for the... Read More..

Gem Diamonds says revenue for the three months to 30 September (Q3 2024) was $42.7m, a year-on-year rise of 36 per cent. The company has seen above-average recoveries of +100-cts diamonds (13 so far this year compared to... Read More..

Petra reported a revenue slump for Q1 2025 after deferring the sale of almost all its South African goods because of persistent weak demand. The UK-based miner said its only revenue for the quarter ending 30 September was $8.5m... Read More..

The Aga Khan Emerald, 37-ct centerpiece of a platinum and gold Cartier brooch, is expected to fetch $6m to $8m next month at Christie's Geneva. The brooch was one of the lots at the inaugural Magnificent Jewels sale at Christie's... Read More..

De Beers' diamond production fell by 25 per cent during the quarter ending 30 September, and could fall even further. Parent company Anglo American said output for Q3 was 5.6m carats, compared to 7.3m for the same period last year. It reduced... Read More..