Majority Shareholder Bails Out Mountain Province with $20M Loan 

Funds will help miner pay off debts to joint-venture partner De Beers.

Petra to Lay Off Nearly 500 Employees, Union Claims 

Company to dismiss workers at South Africa’s Finsch and Cullinan mines.

Lucapa Gains Majority Share in Lulo Mine

Following talks with Angolan government, company ups stake to 51% from 39%.

Alrosa to Pause Production at Some Mines 

Russian miner will also hold tender for approximately $12 million in special-size stones.

Could This 10ct. Blue Diamond Sell for $30M at Sotheby’s?

Cushion-cut stone hails from the Cullinan mine in South Africa.

EU Considers Retaliatory Tariffs on Imports of US Diamonds and Gemstones

Move is in response to American taxes on European steel and aluminum.

TAGS and Sodiam Sell over $15M in Large Stones at Luanda Tender

All 36 diamonds exceed 10 carats, with seven topping 60 carats.

Strong Rough Prices Boost Gem Diamonds in 2024 

Revenue up 10% for full year, while profit more than quintuples.

Drop in Average Sale Value Dents Brilliant Earth Revenue in 2024 

Items costing less than $5,000 showed strongest consumer demand.

Rising Lab-Grown Popularity Drives Down Engagement-Ring Spending 

For the first time, more than half of couples The Knot surveyed chose synthetic stones.

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