latest industry news

A cut diamond is the ultimate in discretionary expenditure. So when the global financial crisis hit last September, it was no surprise global demand for sparklers collapsed.   But it isn't all gloom for diamonds. In fact, the world is short of new mine supplies. According to Rio and BHP ...

Vancouver: Suite101.com reports that people are looking to surpass traditional diamond engagement rings, and are now going for coloured diamonds. Blue diamond engagement rings are currently a very popular choice.   According to the website, blue diamond engagement rings are becoming a new ...

Hong Kong: An 8.74-carat blue diamond, the size of a hazelnut, fetched HK$43.8 million ($5.7 million) in Hong Kong, the most expensive of its type sold at auction in Asia.   The emerald-cut, so-called fancy intense blue gem, went to an anonymous phone buyer after a two-minute tug-of-war with...

 Petra Diamonds Ltd., a miner of the gems in Africa, said it unearthed a 507.6-carat stone at the Cullinan mine that may be among the 20 largest “high quality” rough diamonds ever found.   “Initial indications are that it is of exceptional color and clarity, which ...