Latest News

Lucara Recovers Large Pink and Enormous 1,020ct. White 

Miner also draws down $10 million on shareholder loan to fill funding shortfall for Karowe expansion.

GIA Examines Rare 2,488ct. Rough Diamond 

Recovered in August 2024 from Lucara’s Karowe mine in Botswana, it is the second-largest ever found.

US Court Nixes Most of Trump’s Tariffs – Again 

Taxes will remain in place until October 14 to give president time to appeal to Supreme Court.

Chow Sang Sang Profit Soars Amid Cost-Cutting Measures

Despite 2% drop in total sales, margins went up 73% to $115.4 million in first half.

Jean-Christophe Bédos to Exit as CEO of Birks 

Executive will step down at end of month after 13 years heading the Canadian jeweler.

Market Comment: August 28, 2025

Retail steady. US 50% duty on Indian goods impacting global trade.

US Extends Deadline for Importing ‘Grandfathered’ Russian Diamonds 

Loose stones of 0.50 carats and up that meet criteria are allowed in until September 1, 2026.

De Beers’ Latest Sight Brings Diamond Crisis into Focus 

Small rough is the biggest victim as tariffs compound the industry’s challenges.

Travis Kelce Proposes to Taylor Swift with Cushion-Cut Diamond Ring 

The antique-style stone on a yellow-gold band has an estimated value of $750,000.

GIA Clarifies New Guidelines for Lab-Grown Certificates 

To earn Premium grade, stones must have D color and at least VVS clarity.

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