"India's Diamond Revenue to Rebound in 2027"
March 15, 26
The cut in US tariffs on imports from India could push up revenue for the country's diamond polishers by 6% to 7% in FY 2027, according to Crisil, the Mumbai-based ratings agency. But it is forecasting a contraction of 8% to 10% year-on-year... Read More...
10-ct Tiffany Diamond Leads Christie's Sale
March 12, 26A Tiffany ring with a 10.02-ct emerald cut diamond is leading a Christie's online auction and is expected to sell for $500,000 to $700,000. The Type IIa stone (pictured) is D color, IF clarity, set in platinum and signed Tiffany & Co. Also offered... Read More...
Mountain Province Sales Slump in "Very Difficult" Conditions
March 12, 26Mountain Province Diamonds has reported a 42% drop in sales for FY2025, as "very difficult" market conditions persist. The Toronto-based miner said revenue for the full year was down from USD 195.2m to USD 111.5m, although there was an improvement... Read More...
AWDC Warning on Lab Growns: "Don't Be Duped"
March 11, 26Passengers at Antwerp's central train station were yesterday (10 March) offered free scans to determine if their diamond jewelry was natural or lab grown. The event, by AWDC (Antwerp World Diamond Centre) was designed to warn consumers they... Read More...
Burgundy Secures Extra $44m Loan from Government
March 11, 26Burgundy Diamond Mines has secured an additional lifesaving loan from the Canadian government to support continued operations at its Ekati mine. The company was facing imminent bankruptcy and closure of the deposit last December, when it agreed... Read More...
Memo by John Jeffay
March 12Lucara profits for FY2025 are down 35%. Petra Diamonds losses for the year are up by 67%. And Mountain Province net losses for the first nine months of the year are up by almost 600%. Against that dismal backdrop, Alrosa, the sanctioned Russian miner... Read More...