Supply

Lucara Looking to Double Life of Botswana’s Karowe Mine

The open-pit Karowe diamond mine in Botswana, which may be expanded into an underground operation, produced the most expensive rough diamond ever sold, the $63.1 million, 813-carat “Constellation.”

It’s the mine that produced the 1,109-carat chunk of rough as well as the 813-carat “Constellation” diamond.
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Latest News

July 24, 2014

Sales and production increased in the first half of the year for De Beers and the company expects global demand for diamond jewelry to increase 4 to 5 percent this year, driven by the United States and China. Read more »

July 23, 2014

Govind Dholakia, founder and chairman of Shree Ramkrishna Exports, has won the 2014 lifetime achievement award presented by Retail Jeweller India for his contributions to the diamond industry over the last 50 years. Read more »

July 20, 2014

Production for diamond miner De Beers increased both year-over-year and quarter-over-quarter in the period ended June 30, parent company Anglo American reported. Read more »

July 17, 2014

Scio has reappointed Gerald McGuire as CEO, and the diamond grower said it expects to at least break even within the next nine months, with an eye on the market for gem-quality lab-grown diamonds. Read more »

July 14, 2014

Israel’s polished diamond exports for the first six months of the year were up 6 percent year-over-year, and the United States remains the country’s largest export market. Read more »