NDC filed a complaint against Skydiamond for use of phrases like “diamonds made entirely from the sky.”
De Beers Puts Namibian Mine Up For Sale
It is looking for a buyer for Elizabeth Bay, located along the southwest coast near the town of Lüdertiz.
Windhoek, Namibia--Namdeb Holdings, the partnership between De Beers and the government of Namibia, announced that it is looking to sell one of its mines.
The Elizabeth Bay mine was commissioned in 1991, employs about 160 people and produced about 200,000 carats of diamonds in 2017.
In 2009 following the economic downturn, the mine was placed on care and maintenance but reopened in 2011.
A recent review concluded that the best way to secure a longer term future for the mine, beyond its current projected life of 2019, is to find a low-cost operator, Namdeb said.
Back in October, The Namibian Sun newspaper reported that De Beers would close four land mining sites in Namibia by 2022. According to the report, Elizabeth Bay is scheduled to be the first to close, shuttering at the end of this year.
A De Beers spokesperson neither confirmed nor denied the closures but did say in a statement released in reaction to the Sun report that Elizabeth Bay, along with the Daberas mine, are “well beyond their original planned life of mine.”(When Elizabeth Bay reopened in 2011, its life of mine originally was projected to 2014, though Namdeb said “continuous innovation” has extended it to the new date of 2019.)
The mine is located along the southwestern coast of Namibia near the town of Lüdertiz, and Namdeb said it has provided high-quality jobs to the people in that town.
“Elizabeth Bay mine continues to play an important role in the development of Namibia’s diamond industry, so we have not taken this decision lightly,” said Namdeb CEO Riaan Burger. “We are constantly reviewing new mine opportunities. As this mine nears the end of its current life, we are focused on finding a buyer that can sustain operations beyond 2019, protect jobs and contribute sustainably to the Namibian economy.”
The Latest
John Carter received the AGS’s highest honor Tuesday afternoon at Conclave in Austin, Texas.
LVMH said the company performed well despite an uncertain geopolitical and economic environment.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
B&D Sales and Service held a ribbon-cutting event for its new location in Cranston, Rhode Island.
It’s ultra-feminine and filled with gold, pearls, and soft pastels.
Emily Highet Morgan and Emily Bennett have joined the agency’s team.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Its updated book for mountings is also now available.
Joyce’s Jewelry sued the bank after cybercriminals drained its accounts of nearly $1.6 million through a series of wire transfers.
He is remembered by loved ones for his loyalty, integrity, and kindness.
Hosted by Freeman’s | Hindman, the sale will take place May 7-8.
The auction house said all 24 timepieces offered in its underground sale of rare and avant-garde watches quickly found buyers.
From lab-grown diamonds and AI to the inevitable Taylor Swift mention, here are some of Conclave’s most intriguing educational offerings.
From cybersecurity liability to trade show coverage, insurance experts share tips on how to build the right policy.
The charm is a modern rendition of the evil eye amulet that has been worn for thousands of years.
Ahead of its trade show next month, TJS awarded free registration and accommodations to one jewelry professional and three students.
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
Members can still sell lab-grown stones, it said, but only natural gems are allowed on the show floor.
He is remembered for his charisma, passion, integrity, kindness, and wit.
The retailer also appointed two new board members, avoiding a proxy fight from a potential buyer.
The bridal collection consists of 35 engagement rings and seven wedding bands.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
The family-owned jeweler has a new education section on its website dedicated to the history of diamond cutting.
The limited-edition men’s rings can be customized with one of 12 team logos.
The program, now live in Europe, will roll out to the U.S. this summer.
Colored gemstones and signed jewels are the focus of its upcoming Geneva sale.