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Home > News > Diamond Industry

diamonds diavik mine harry winstonHarry Winston Reduces Production at Diavik Diamond Mine
Tue, March 31st 2009, 17:11 EST
Harry Winston Diamond Corporation announced that it will be cutting back production at the Diavik Diamond Mine in Canada’s Northwest Territory.
loose diamonds india rio tintoRio Tinto Discovers New Diamond Mine in India
Sun, March 29th 2009, 13:37 EST
Mining giant Rio Tinto has discovered a new diamond resource in the Madhya Pradesh, a central state in India.
diamonds kuala lumpur dress$30 Million Dress Sparkles with 751 Diamonds
Thu, March 26th 2009, 02:45 EST
An evening gown by designer Faisol Abdullah will contain 751 diamonds, including a 70 carat pear-shaped diamond at the center of the bodice.
new york city diamonds auctionDepartment of Treasury Auctions off 605 Loose Diamonds
Mon, March 23rd 2009, 05:12 EST
An auction held on behalf of the federal Treasury Department brought in over $750,000 in sales for hundreds of loose diamonds.
De Beers Feeling Economic Crisis As Well.De Beers Borrows $500 Million and Temporarily Closes Mines
Tue, February 24th 2009, 04:17 EST
De Beers, the World’s largest diamond company, is taking several steps to withstand the economic recession that is now affecting the diamond industry as well. First, De Beers will borrow $50 million from Anglo American PLC and other shareholders to “withstand any shocks” after diamond and gem demand worldwide has fallen more than 50 percent.
President Mugabe’s Wife Investing In Diamond Industry
Thu, February 19th 2009, 14:50 EST
Grace Mugabe, wife of Zimbabwe’s President Robert Mugabe, traveled to Hong Kong to invest in two ventures: a diamond polishing plant and a residential property in northern Hong Kong for $5.6 million. According to Partnership Africa Canada (PAC), the government of Zimbabwe was responsible for the killing of artisanal alluvial miners in order to remove them from the country’s diamond fields.
red diamond los angelesKazanjian Red Diamond on Display in Los Angeles
Wed, January 7th 2009, 20:10 EST
A rare 5-carat blood-red diamond will be on display at the National History Museum of Los Angeles County.
Restraining Order Issued Against Indian Diamond Retailer
Tue, January 6th 2009, 06:36 EST
Two Midwest chain retailers have been issued a restraining order following a lawsuit filed by Merit Diamond Corp., which claims that the chains have been selling copyrighted designs and claiming them as their own.
Hublot-black-diamond-watchHublot Introduces Unique Black Diamond Watch
Thu, January 1st 2009, 14:56 EST
Swiss watch maker Hublot teamed up with Bunter SA to create an unprecedented timepiece--and a million-dollar price tag to go with it. The watch, called the Hublot Black Caviar Bang, is made completely of white gold and black diamonds, but not one hint of gold is visible.
Israeli-Diamond-Dealers-ArrestedDiamond Dealers Arrested on Suspicion of Fraud
Tue, December 30th 2008, 08:26 EST
Two Israeli diamond dealers were arrested after claiming that a parcel of diamonds worth over one million dollars was stolen from them en route to London. The men, Jacob and Gil Eizeman—the father-and-son team who run Jacob Eizeman Diamonds—are thought to have claimed the theft in order to collect insurance money and begin to pay back the over $1.2 million dollars they owe to various companies, according to local press.
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