$15m Pink Diamond Fraudster is Jailed
October 29, 24A 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 Increases Sales Despite Soft Market
October 29, 24Burgundy, 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 Reports Revenue Surge
October 29, 24Gem 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...
Revenue Slump as Petra Defers Sales
October 28, 24Petra 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...
37ct Aga Khan Emerald could Sell for $8m
October 28, 24The 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...
Memo by John Jeffay
October 23I wonder what Frances Gerety would make of the new De Beers marketing campaign. She was the copywriter who penned them the four-word slogan that transformed an industry: A diamond is forever. Was she thinking - as De Beers currently is... Read More...