National Jeweler Network

Pricing

02/14/14

Petra’s big blue diamond goes for $25M

Petra Diamonds announced Friday that it has sold the 29.6-carat rough blue diamond it uncovered at the Cullinan mine in South Africa last month.

01/08/14

Court tosses WB David claim against De Beers

A federal judge in New York has dismissed W.B. David & Co. Inc.’s lingering claim in its 10-year-old case against De Beers’ rough diamond sales arm, the last outstanding antitrust case against the diamond miner and marketer in the United States.

12/20/13

Antwerp Diamond Bank sold to Chinese company

KBC announced Thursday that Shanghai-based Yinren Group has acquired its subsidiary Antwerp Diamond Bank (ADB), one of the leading financers of the diamond trade, for an undisclosed sum.  

11/07/13

74-carat diamond leads Rio Tinto’s special tender

On the heels of a pink diamonds sale that set two records, mining company Rio Tinto reported “strong results” at its recent tender of large rough, dubbed the “Specials” tender.  

09/13/13

Stock market index for diamonds to launch

An index that tracks the price of diamonds like the NASDAQ 100 follows the largest non-financial companies is slated to launch in the near future, with a diamonds-as-investment vehicle potentially not far behind. 

06/13/13

De Beers class action drawing to a close

The last of the checks in the De Beers class-action lawsuit settlement should go out in the next couple of weeks, and the case--which began more than 10 years ago and initially was settled in 2008--should be closed by year’s end. 

06/06/13

Large rough brings big money for mining cos.

Two smaller mining companies recently reported that large, exceptional rough diamonds recovered from their mines in Africa have sold for millions. 

05/29/13

Lucara nets $25M at first large stone tender

Mining company Lucara Diamond Corp. reported that its first tender of big and “exceptional” rough diamonds garnered a total of $24.9 million, or $30,468 per carat. 

05/20/13

IDEX Online: Diamond prices to rise 6 percent a year

Diamond prices will rise by an average of 6 percent annually through to 2020 due to constrained supply not being able to meet rising demand from China and India, according to BMO Capital Markets analyst Edward Sterck.