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Home > News > Diamond Industry

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.
hi-tech jewelry boxHi-Tech Jewelry Box
Mon, December 29th 2008, 07:56 EST
Worried that your jewelry isn’t safe? A company called Syba has just released an ultra-secure jewelry box that requires fingerprint authentication and a USB key.
blue wittelsbach diamondRare blue 35 carat diamond sells for $24.3 million
Thu, December 11st 2008, 11:30 EST
The Wittelsbach diamond, a rare blue diamond which passed through generations of royalty, sold for $24.3 million at a Christie’s auction in London.
Mumbai Diamond Exchange Closes After Terror Attacks
Thu, November 27th 2008, 14:51 EST
A Diamond Trading Company event being held at the landmark Taj Mahal Palace was interrupted by a terrorist attack that targeted several buildings. The DTC was holding a reception at the hotel when the violence began.
Massive 478-carat Diamond Discovered in Lesotho
Thu, October 30th 2008, 05:52 EST
Miners in the African nation of Lesotho reported discovering a 478-carat diamond – one of the largest diamonds ever found.
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