All Five Bodies Finally Recovered After Ekapa Mudslide
March 29, 26
The bodies of all five workers who were trapped after a mudslide at the Ekapa diamond mine, in Kimberley, South Africa, on 17 February, have now been recovered. Rescue teams recovered one body on March 9, two more on March 22, and the final two... Read More...
Production Ends at Diavik, after 23 Years and 150m carats
March 29, 26Diamond production at the Diavik mine, in Canada's Northwest Territories, came to an end last week after 23 years. It produced over 150 million carats during its lifetime, more than either of NWT's other mines - Ekati (owned by Burgundy) and Gahcho Kue... Read More...
Difficult Year: Gemfields Revenue Down 32%
March 26, 26Gemfields reported a 32% drop in FY2025 revenue after a "difficult year," with disruptions to both its emerald and ruby mining operations. The UK-based miner said total annual revenue from continuing operations was down from $199.4 million... Read More...
Swarovski's Pop Luxury Plan Pays Off Again
March 26, 26Swarovski delivered 6% year‑on‑year organic growth in 2025 as its turnaround and repositioning plan continued to pay dividends. The family‑controlled Austrian company reported EUR1.97 billion ($2.26 billion) in revenue for the year, generated across... Read More...
"Dirty Cash" Rolex Dealer Jailed for Drugs Operation
March 25, 26A drug dealer who ran a Rolex watch business as a front for his criminal activities has been jailed for 15 years by a court in the UK. Bertie Payne, aged 30, led a group of seven men who supplied and distributed 24kg of cocaine, 10kg of ketamine... Read More...
Memo by John Jeffay
March 26Signet and De Beers, titans of the diamond world, both revealed plans in recent days to consolidate their operations. It's survival of the fittest. The phrase dates back to Charles Darwin and his evolutionary theory, although it was actually coined by another ... Read More...