AI, My Unreliable Friend
September 25, 25 by John JeffaySo I have a new friend, called AI. You probably do as well, and you probably have the same mixed feelings - that your AI friend is brilliant and stupid at the same time. A few weeks ago I asked mine to check some facts for me about US tariffs on Indian diamond... Read More...
From Novelty to Nuisance
September 18, 25 by John JeffayThe pendulum has swung. Lab growns, once embraced as a quirky addition to the diamond family, are now being officially shunned. They were a novelty back then, but now it seems they've become a nuisance. It was only 15 years ago that CIBJO... Read More...
Colorful History of $30m Blue
September 10, 25 by John JeffaySo who will be the next owner of the remarkable 9.51-carat Mellon Blue diamond? It was part of a vast collection of art and jewelry that belonged to the American heiress and philanthropist Rachel Lambert (Bunny) Mellon. In 2014, shortly after her death at the age... Read More...
Anglo American and Botswana: Divorcing and Remarrying
September 04, 25 by Erez Jacob RivlinErnest Oppenheimer gained control of De Beers in 1929, and Anglo American bought the control from the Oppenheimers in 2011. Just 14 years later, and the current owners have decided to pass the reins to the highest bidder. This upcoming sale holds both Read More...
How a Diamond can Beat Digital Distraction
August 28, 25 by John JeffayLess is sometimes more. Every device you own today does a thousand things. Your smartphone has a restaurant full of menus you've never even looked at. It connects wirelessly not just to your earbuds and your smartwatch, but (for early adopters) your ... Read More...
Pink Diamond Heist is PR Win for Dubai
August 20, 25 by John JeffayIt took more than a year to plan the theft of a $25m pink diamond. And it took Dubai Police just eight hours to crack the case, locate the gem and arrest three suspects, according to a statement issued on Monday (18 August). They also rushed out a slick two-and-a-half Read More...
"Significant Step" for De Beers
August 14, 25 by John JeffayThe discovery of a new kimberlite field in Angola could hardly have come at a better time for De Beers. The last-minute addition of a promising new asset can only increase its value, as potential buyers close in. Anglo American is in the process of selling... Read More...
Cost of a Crisis: Thousands of Jobs Lost at Diamond Mines
August 07, 25 by John JeffayThere have been job losses before in diamond mining, but not on the scale we're seeing today. Tens of thousands of workers were retrenched between 2004 and 2008 in Namaqualand, South Africa, but that was in response to a very particular situation.... Read More...
US Dashes India's Last Tariff Hopes
July 31, 25 by John JeffayYesterday's news that US importers would have to pay a total of 35 per cent in tariffs on goods from India came as no surprise. But for a diamond industry that has seen exports plunge to a 20-year low, there was little comfort. Hopes of a last-minute deal to avoid... Read More...
Dubai's Polished Diamonds - an Industry Hanging in the Balance
July 24, 25 by Peter MeeusDubai's ascent in the global diamond trade is undeniable, yet its polished diamond business now confronts a critical threat. Opaque regulations, punitive taxes, and mounting costs are pushing diamantaires, particularly from key markets, to look elsewhere... Read More...
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