Category Archives: Diamonds

Destoking Over In The Diamond Sector-Rio Tinto

One of the worlds largest mining groups, Rio Tinto expects destoking of diamond stocks to end soon. However Rio Tinto noted that they are ready for further cutbacks if there is no inprovement in diamond sales. On Tuesday Brett Clayton, Rio Tintos Chief Executive for copper and diamonds said that they are cutting diamond production […]

Antwerp Banks Okay Diamonds As Collateral

Due to the downturn in the economy the diamond industry has been hit, including the world’s most renowned diamond trading center, Antwerp. The Antwerp World Diamond Center (AWDC), which is the official representative of the Antwerp diamond sector has reached agreement with  Antwerp banks to accept diamonds as collateral .The deal was announced on Tuesday […]

Steinmetz Diamond Studded Helmets Again In Monaco Grand Prix

Images courtesy McLaren For four consecutive years Vodafone McLaren Mercedes and Steinmetz Diamonds are team partners for the Monaco Grand Prix. On Sunday 24th May two drivers for the team will be wearing the custom made diamond studded helmets. The two drivers Lewis Hamilton and Heikki Kovalainen are the world No 1 and No 2 […]

Rare Yellow Diamond To Be Auctioned By The U.S. Government

Photo Credit: David Moore. Golden Eye Diamond.COM A rare yellow diamond is to be auctioned by the United States Government. The diamond known as the Golden Eye Diamond is said to have a history of over 100 years. The Golden Eye Diamond is a 43.51 carat cushion cut, internally flawless , intense fancy yellow diamond […]

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