Blockade Disrupts Work at Lulo Mine
February 04, 25
Operations at Lucapa's Lulo alluvial diamond mine in Angola are being disrupted by angry locals, who are blockading all entrances to the site. The protest began yesterday (Monday 3 February). It prevents mine workers from entering or leaving... Read More...
Diamond Industry Disappointed by India's Union Budget
February 03, 25India's diamond industry failed to secure a much hoped-for relief package in the Union Budget 2025-26 on Saturday (1 February), though it will benefit some of the other measures announced by finance minister Nirmala Sitharaman. There was... Read More...
Liz Taylor Bracelet Smashes Estimate
February 03, 25A diamond bracelet gifted by Michael Jackson to Elizabeth Taylor sold for $147,000, almost double its high estimate. The diamond line bracelet, set with 27 graduated radiant-cut yellow-tinted diamonds was expected to fetch $61,000 to $86,000... Read More...
De Beers Finally Confirms Botswana Deal
February 03, 25De Beers today (3 February) officially confirmed that it has reached agreement with the Botswana government on a new sales agreement. The joint announcement comes 10 days after the negotiations ended, and more than a week ... Read More...
IDEX Polished Price Index Dips in January
February 03, 25The IDEX Polished Price Index dipped again during January, down by 1.32 per cent. It follows a 1.6 per cent decline in December 2024 and suggests that the long-awaited recovery, which appeared to have been heralded by a modest 0.62 per cent in November,... Read More...
Memo by Chaim Even-Zohar
January 30Almost 10 years ago, I exposed a still ongoing fraud in the diamond industry. I wrote: "Alibaba, the leading online internet platform for global wholesale trade, has been sending special Trade Alerts promotions by email to millions of potential diamond buyers... Read More...