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 […]
Category Archives: Diamonds
Arkansas Crater of Diamonds State Park is a very popular tourist attraction near Murfeesboro, Arkansas. The crater of diamonds state park is one of its kind, the worlds only public owned diamond prospecting and mining site. Visitors are allowed to search for diamonds and other gems in the 37 and 1/2 acre feild. On Saturday […]
Many people lined up in downtown Tokyo today (Monday) for 5000 free diamonds from the French jeweler Mauboussin . This was part of a publicity campaign and an attention seeking drive for diamonds in Japan.Each of the diamond weighs 0.1 carat (10 points). The present value of each diamond is said to be about US$ […]
In an effort to maintain world diamond prices, Russian diamond producer Alrosa will not flood the diamond market. Alrosa has been building up a stockpile of diamonds since the fall in diamond prices last year. Russia had been blamed for flooding the diamond market in the late 1990’s with rough (uncut) diamonds.This led to a […]
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 […]
The Indian diamond export industry has been growing at 5 to 6% over the last few years, but has dropped by 8% in 2008/09 when compared to 2007/08 (US$ 13.02 billion to 14.2 billion).This drop has been attributed to the fall in demand in the United States and Europe due to the global economic meltdown.Diamond […]
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 […]
When completed the tower will look like in the photo above (artistic remake). Photo credit Extell Development Company On Tuesday 19th May, New York Mayor, Michael Bloomberg unveiled a new 32-storied diamond tower and 750,000 sq feet. New York is a one of the leading centers of the gem ,diamond and jewelry trade and it […]
Mr Joseph Lau Luen-Hung, a Hong Kong based tycoon is the owner of the record breaking US$9.5 million 7.03 carat blue diamond sold on the 12th of May 2009. He is collector and real estate businessman, chairman of Chinese Estates. At the time of the sale he remained anonymous, bidding by telephone.It was a record […]
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 […]