Category: Diamonds

De Beers Group has introduced its DiamondProof device at select retail stores, offering rapid and reliable verification of natural diamonds. The device distinguishes natural diamonds from lab-grown alternatives and simulants by detecting unique chemical signatures, the company announced Monday. Already in use by major jewelry retailers, DiamondProof debuted in the U.S. following its unveiling at the JCK show in Las Vegas last June. Designed for use at retail counters and back offices, the device delivers

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Lucara Diamond Corp has sold the 549-carat Sethunya and the 1,080-carat Eva Star diamonds—both recovered from its Karowe mine in Botswana—for a total of $54 million. The Sethunya, discovered in 2021, and the Eva Star, recovered in 2023, highlight the consistent production of large, high-quality diamonds from the South Lobe of the Karowe kimberlite. Lucara affirms that these exceptional stones reinforce Karowe’s reputation as one of the world’s premier sources of high-value diamonds. “The sale

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After more than five years of negotiations, De Beers and the Botswana government have concluded discussions on a new rough diamond sales agreement. However, the deal has yet to be signed. Botswana’s Minister of Minerals and Energy, Bogolo Kenewendo, expressed hope that this would happen later in February, a sentiment met with a nod from De Beers CEO Al Cook at a press briefing on February 3. The only remaining step is the formal issuance

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Independent mining group Petra Diamonds has appointed Vivek Gadodia and Juan Kemp as interim CEOs following the immediate resignation of Richard Duffy by mutual agreement. Gadodia will oversee corporate matters, while Kemp will manage operational affairs. However, neither will be appointed as directors at this stage. Gadodia, who joined Petra in 2021, has held roles including Planning and Corporate Planning Executive and Chief Restructuring Officer. Previously, he spent 15 years at Sasol in engineering, project

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The National Union of Mineworkers (NUM) has condemned Petra Diamonds for its decision to lay off over 200 workers as part of a cost-cutting strategy. This decision comes in the wake of an extended downturn in the diamond industry, which has forced several companies, including Petra, to make difficult decisions regarding staffing, production, and pricing forecasts. The layoffs specifically target employees at Petra’s Cullinan and Finsch mines in South Africa. Petra initially announced the layoffs

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