De Beers' Revenue Down 44% from First Two Sights
April 24, 25
De Beers' revenue from rough sales at its first two sights of 2025 fell 44 per cent, and average per carat prices were down by 38 per cent. The UK-based miner sold 4.2m carats for $520m in the first quarter, compared to 4.6m carats for $925m... Read More...
$11m in Government Aid for Canada's Diamond Mines
April 24, 25Three of Canada's loss-making diamond mines are to receive a CAD 15m (USD 11m) support package from the Northwest Territories government, to prevent job losses and protect collaborative initiatives between miners and Indigenous communities.... Read More...
Kardashian to Testify in $10m Jewel Trial
April 24, 25Kim Kardashian is to give evidence next week at the trial of 10 men accused of tying her up and holding her at gunpoint in Paris in 2016, and stealing jewelry worth over $10m. The billionaire TV reality star, entrepreneur and socialite, aged 44... Read More...
Alrosa Official Mocks "Ineffective" G7 Diamond Sanctions
April 23, 25Attempts by the G7 nations to sanction Russian diamonds are "ineffective," says Alrosa, because they're still not backed by traceability technology. Pyotr Karakchiyev, head of the international cooperation department at the state-controlled miner,... Read More...
Second Piercing: De Beers' Campaign Targets Dads
April 23, 25De Beers has launched a Love, From Dad collection, aimed at boosting natural diamond sales in India. It encourages dads to buy earrings when their daughter decides on a second set of piercings. It's part of the company's Second Ear Piercing Ritual... Read More...
Memo by John Jeffay
April 24Sanctions on Russian diamonds aren't working. So says Pyotr Karakchiyev, head of the international cooperation department at Alrosa. And until or unless the G7 nations introduce effective traceability technology, Russia will continue to find ways to Read More...