IGC Group to distribute S. African Diamonds brand
Chicago—Antwerp, Belgium-based Diamond Trading Co. (DTC) sightholder IGC Group has acquired a worldwide manufacturing and distribution license for the jewelry marketed under the Private...
De Beers sells Cullinan mine
Johannesburg, South Africa—De Beers Consolidated Mines (DBCM) has sold its diamond mine in Cullinan, South Africa, to a group of companies calling themselves the Petra Diamonds Cullinan...
Reports: Gold mine accident won't dent stocks
New York—The accident at South Africa's Elandsrand mine, which temporarily stranded more than 3,000 workers underground on Wednesday, is not expected to have a major impact on bullion and...
SA Gems program raises $100,000 for Africa
Chicago—The Private Collection of South African Diamonds' "Love. Give. Change." program—sponsored by 38 jewelers and managing partner SA Gems—has raised $100,000 for six community...
World's largest diamond reportedly found in South Africa
Johannesburg, South Africa—A diamond said to be twice as big as the 530.24-carat Cullinan Diamond—formerly the world's largest—that could be worth up to $30 million has reportedly...
At CIBJO Congress, calls for sustainable development programs
Cape Town, South Africa—CIBJO, The World Jewellery Confederation, kicked off its 2007 Congress in Cape Town, South Africa, on March 15 with a call for the industry to take a greater role in...
De Beers to sell Cullinan, Kimberley mines
Johannesburg, South Africa—To position itself for future growth by focusing its resources, De Beers announced it is seeking offers for two of its oldest mines in South Africa—Cullinan,...
New DTC collection highlights South African design
Johannesburg, South Africa—The Diamond Trading Co. (DTC) launched a new collection of diamond jewelry, the DTC Shining Light Awards Collection 2006-2007, on Feb. 20 at the Venue in Melrose...
Diamond-medallion collection benefits South Africa
Los Angeles—Mia and Kompany's Isibindi Diamond Medallion Collection, which launched in late November, is getting celebrity support as it raises awareness and money for millions of AIDS orphans...
New De Beers ship to mine marine diamonds
Johannesburg, South Africa—De Beers is taking another plunge into marine diamond mining, this time in South Africa, with its announcement of the naming and blessing of "Peace in Africa," the...
SA Gems, Global Giving launch diamond initiative
Washington, D.C.—SA Gems, managing partner of The Private Collection of South African Diamonds program, announced recently that it is collaborating with Global Giving in a fund-raising effort...
De Beers granted first mining rights on Voorspoed mine
Johannesburg, South Africa—For the first time since its establishment as a Black Empowered stand-alone within the De Beers Group, De Beers Consolidated Mines (DBCM) announced it has obtained...
Oppenheimers receive WWF conservation award
Johannesburg, South Africa—Nicky Oppenheimer, chairman of E Oppenheimer and Son and De Beers, and his wife, Strilli Oppenheimer, jointly received the World Wildlife Fund (WWF) Lonmin Award for...
De Beers 2007 sales lose sparkle
Johannesburg, South Africa—The De Beers Group reported today that full-year sales dropped 3 percent in 2007, from $7.030 billion in 2006 to 6.836 billion, crediting most of the loss to a lower...
Antwerp diamond conference set for October
Antwerp, Belgium—The Antwerp World Diamond Centre (AWDC) will host a conference to discuss the future of the diamond industry, particularly how the growing power of diamond-producing countries...
Petra Diamonds reveals big blue diamond
Johannesburg—A 39-carat blue diamond is on display in South Africa, as part of mining company Petra Diamonds Ltd.'s latest tender.
Oppenheimer calls U.S. subprime woes 'worry'
Johannesburg, South Africa—The U.S. subprime mortgage crisis is causing concern in the diamond industry due to the high volume of "lower-quality, cheaper diamonds" sold here, De Beers Chairman...
Prices surge for platinum metals in 2007
New York—Prices for the three major platinum group metals—platinum, palladium and rhodium—continued to rise in 2007 and into early 2008, according to CPM Group's 2008 Platinum...
Madison Dialogue addresses ethical jewelry standards
Washington, D.C.—Representatives from a cross-section of industries, ranging from artisanal and small-scale mines to governments and non-governmental organizations, convened in late October for...
CRJP honors WDC's Izhakoff
Cape Town, South Africa—The Council for Responsible Jewellery Practices (CRJP) has named World Diamond Council Chairman Eli Izhakoff as a "Friend of the Council."