Gemfields Resumes Focused Emerald Mining as Markets Improve
May 11, 25
Gemfields says it will resume some emerald mining operations at its Kagem nine, in Zambia, six months after announcing a halt to cut costs and streamline its business activities. The company said management confidence in the market had increased... Read More...
TAGS Rough Sales hit by Tariffs Turmoil
May 11, 25Trans Atlantic Gems Sales (TAGS) reported lower prices and lower sell throughs, with the rough diamond is again "in turmoil" following the announcement of US reciprocal tariffs last month. The Dubai-based tender house presented $30m... Read More...
Sotheby's Halts Sale of Sacred Buddha Gems
May 11, 25Sotheby's halted the sale of sacred jewels linked to Buddha's remains at the last minute, after threats of legal action by the Indian government. The auction had been scheduled for last Wednesday (7 May) in Hong Kong. The collection of almost ... Read More...
The Future is Mined: Lightbox to Close
May 08, 25De Beers is to close Lightbox, its lab grown venture, seven years after its launch rocked the diamond world. The move, announced today (8 May) signals the company's return to its roots - mined diamonds. It also marks De Beers' recognition that lab growns... Read More...
De Beers Holds First Auction in Botswana
May 08, 25De Beers diamond auctions have resumed after a year-long pause. They've been relocated from Singapore, where they were held from 2013, to Gaborone, Botswana. The move aims to "enhance operational efficiency and support Botswana's position as ... Read More...
Memo by John Jeffay
May 08Donald Trump hit the pause button on reciprocal sanctions, but he didn't press stop. The diamond industry has been at a virtual standstill since his shock "Liberation Day" proclamation on 2 April, which was followed a week later by a 90-day suspension... Read More...