Ekati Mine Owners' Debts Total $281m
May 07, 26
Owners of the Ekati diamond mine, in Canada, have debts totaling more than CAD 380 million (USD 281 million), according to a creditor list of more than 200 names published as part of its insolvency proceedings. The biggest single debt is... Read More...
Pandora Reports Slowdown in Organic Growth
May 07, 26Pandora has reported a slowdown in organic growth, down from 4% for Q4 2025 to 2% during Q1 2026. That's a combination of flat growth in like-for-like sales (0%) and network expansion and "other" at 2%. The world's largest jewelry maker, with... Read More...
Christie's to Sell Biggest Fancy Blue at Auction
May 06, 26Christie's New York says it is to sell the largest fancy blue diamond ever offered at auction. The pear-shaped Azure Blue is 31.62 carats, described and GIA-graded as potentially internally flawless, and carries an estimate of $6.5 million to $8.5 million... Read More...
Alrosa Could Start Work on New Mir Mine
May 05, 26Alrosa says it could start work next year on Mir-Deep, as a successor to the ill-fate Mir, which closed after the 2017 flooding disaster that claimed eight lives. The Russian miner said it was ready to bring forward implementation of the construction phase ... Read More...
Ekati Owners File for Insolvency Protection
May 04, 26Owners of the Ekati diamond mine in Canada's Northwest Territories have filed for insolvency protection, just months after agreeing federal loans worth up to CAD 175 million (USD 128 million). Arctic Canadian Diamond Company (ACDC), a subsidiary... Read More...
Memo by John Jeffay
May 07The price of gold is soaring. And it's not just jewelers and the public who are aware. It's also criminals. So says Scott Guginsky, executive vice president at the Jewelers' Security Alliance (JSA) and a former NYPD Det Sgt who led a team tackling... Read More...