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Industry News

Petra Sells Unique Collection of Blue Diamonds

Thursday, October 22, 2020

Petra is to sell a unique collection of blue diamonds, recovered within a week at its iconic Cullinan mine, in South Africa. The Type IIb diamonds, weighing between 9.61 carats and 25.75 carats....
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Veteran Bates Debuts with a Diamond Mystery

Thursday, October 22, 2020

Veteran diamond industry journalist Rob Bates is making his debut as an author - with the release of a murder mystery set in New York's Diamond District. After 25 years' writing about real-life...
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74-carat Yellow Helios Diamond Shines in Rio Tinto Tender

Thursday, October 22, 2020

An extremely rare 74.48-carat fancy yellow diamond is to headline a sale of rough by Rio Tinto from its mines in Canada and Australia. The diamond has been named the Diavik Helios...
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Ring with a World Record 7,801 Diamonds

Wednesday, October 21, 2020

A team of jewelers in India have created a ring set with a record 7,801 diamonds. The design, based on a rare, sacred Himalayan flower, has 46 petals, with diamonds covering every available surface...
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Demand Keeps Growing for Watches and Jewelry in US

Wednesday, October 21, 2020

Total sales of jewelry and watches in the US kept climbing in August, up by 9.3 per cent. That's the biggest monthly increase for four years. The July figure has been revised down from...
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Australian Gem Trader "Helped Finance al-Qaeda"

Wednesday, October 21, 2020

The US government has imposed sanctions on an Australian gemstone trader over his alleged links to al-Qaeda, the terror group behind the 9/11 attacks that claimed almost 3,000 lives.
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Travel Bans Hit India's Supply of Rough

Tuesday, October 20, 2020

India's recovering diamond industry is reportedly running short of rough, as coronavirus restricts air travel. Demand is growing but after three voluntary trade embargoes at the peak...
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Coronavirus Sends Botswana into Recession

Tuesday, October 20, 2020

Botswana, the world's top diamond-producing country by value, has officially entered recession as it battles coronavirus. One of the biggest factors was the Q2 collapse of diamond mining...
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Lenders Rescue Petra with Restructuring Deal

Tuesday, October 20, 2020

Troubled Petra Diamonds has agreed a debt-for-equity restructuring deal with lenders, after failing to attract any buyers. The UK-listed miner, founded by Adonis Pouroulis in 1997, was...
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Jewelry from Queen Victoria to be Auctioned

Monday, October 19, 2020

Two pieces of diamond jewelry given by Queen Victoria to her goddaughters around 150 years ago are to be auctioned in England. The first lot is a locket gifted to aristocrat Lady Victoria Scott...
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