The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.
Sourcing

The yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
The diamond miner and marketer is undergoing another round of cost-cutting measures ahead of its sale by Anglo American.
Latest in Sourcing

A Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.

A WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.

The founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.

Retailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.

Shaun Wills joined the company in 2024 and was chief financial officer of the De Beers Brands and Consumer Markets division.


After eight years, Gilbertson is leaving his post at the mining company, which is currently facing a slew of operational challenges.

Charlotte Rose said her election is “a sign that this is an industry capable of change.”

Colored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.

The new line is included in the e-tailer’s curation of jewelry celebrating America’s 250th anniversary.

Dallow will lead the International Colored Gemstone Association, effective July 6.

The three industry leaders bring financial, communications, and legal expertise to the nonprofit’s board of directors.

The collection features traceable alexandrite from Brazil in calibrated sizes that is sorted by grade.

SSEF issued a notice about the potential new source of the sought-after gemstone, citing “credible reports” from trade sources.

Its app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.

The big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.

Ilana McCabe is Signet’s vice president of public relations and brand communications.

Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

The revamped online diamond marketplace will feature pricing intelligence and data-driven tools for more efficient buying and selling.

The miner said demand for higher-quality emeralds is stable, but there is notable caution in the market.

The addition of the diamond-producing countries as nation affiliated members broadens the federation’s global representation, WFDB said.

The next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

The owner of the Ekati mine, which opened in 1998, has filed for insolvency protection amid the significant decline in diamond prices.

Following decades of association leadership, the “semi-retired” colored gemstone expert is turning his focus to gemstone education.
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