Diamond

News

World's largest vivid pink diamond up for auction, could fetch $38 million

The 14.83-carat diamond, named 'The Spirit of the Rose,' is the largest vivid purple-pink diamond ever offered at auctionIt is estimated to be worth USD 23-38 million, according to Forbes

1 min read13 Oct 2020
News

Labourer finds diamonds worth ₹35 lakh in Madhya Pradesh's Panna mine

The labourer has deposited the stones at the district diamond office and they will be auctioned as per government rulesAfter deducting 12% tax, the labourer will get the remaining 88% of the sale proceeds, the official said

1 min read6 Aug 2020
Companies

De Beers rethinks business after diamond collapse exposes cracks

The company can narrow the gap between its revenue and costs. These range from selling rough stones ‘more quickly and in a more integrated way,’ to rethinking how it recovers diamonds

2 min read25 Jul 2020
News

Labourer finds 10.69-carat diamond worth over ₹50 lakh from mine in MP's Panna

Anandilal Kushwaha, a labourer found a 10.69-carat diamond from a mine in Ranipura area of Panna district on June 21.

1 min read22 Jul 2020
Markets

Why record high gold prices would be bad news for diamond

History shows that elevated gold prices result in higher levels of diamond recyclingDiamond unlikely to benefit significantly from an investor flight from fiat currencies: Analyst

1 min read11 Sep 2019
Industry

De Beers is said to make big cuts in low-end diamond prices

De Beers sells rough diamonds to trade buyers who cut, polish and manufacture them into the polished stones sold in jewelry stores

2 min read14 Nov 2018
News

Only four diamonds are bigger than one just found at famed mine

The 910-carat stone found by Gem Diamonds high in the mountains of Lesotho in southern Africa is the fifth-largest in history. Here are the bigger ones

2 min read16 Jan 2018
News

Giant diamond in necklace sells for $33.7 million at Geneva auction

Diamond firm Lucapa, which mined the stone measuring 7 centimeters in length, says it was the largest diamond ever discovered in the African nation of Angola

1 min read15 Nov 2017
Industry

Russia plans gem reform to compete with India's million workers

Russia wants its biggest diamond miner, Alrosa, to work closely with the country's top gem cutters so the industry can better compete with Indian manufacturers

2 min read6 Sep 2017
Politics

Govt targets $60 billion gems, jewellery exports by 2022

India exported gems and jewellery worth $43.2 billion during fiscal 2017, a rise of nearly 10% over the previous fiscal's export figure of $39.2 billion

1 min read28 Jul 2017