The Money Blog

 In the bustling city of Surat, the “diamond capital of the world,” entire neighborhoods depend on one thing – the sparkle of cut and polished diamonds. But now, that sparkle is dimming.

From August ...

De Beers Unveils Major Diamond Discovery in Angola

After 30 years of exploration, global diamond giant De Beers has confirmed the discovery of a new kimberlite field in Angola, sparking excitement ac...

The South African government has officially joined the international marketing campaign led by the Natural Diamond Council (NDC), aiming to boost demand for natural diamonds amid the growing competiti...

The International Gemological Institute (IGI) has announced a major expansion of its certification services in response to surging global demand for lab-grown diamonds (LGDs). In the first half of 202...

De Beers, the iconic diamond mining company, has reported a staggering $245 million loss for the first half of 2025. This comes amid a challenging period for the natural diamond industry, which contin...

GABORONE, 24 July 2025 (DiamondLuxo) — The Government of Botswana has announced its intention to acquire more than 50 % of De Beers, the world’s foremost diamond producer. Until now, Botswana has held...

On 21 July 2025, in Geneva, members of the World Federation of Diamond Bourses (WFDB) convened to address the alarming surge of laboratory-grown diamonds in the global market. WFDB President Yoram D...

The International Gemological Institute (IGI) has announced it will continue to certify lab-created diamonds using the same universal "4Cs" grading system (cut, color, clarity, carat) applied to natur...

Rio Tinto has reported a 76% year-on-year increase in diamond production at its Diavik mine in Canada’s Northwest Territories, signaling a strong rebound after a tough 2024.

According to the company’...

Burgundy Diamond Mines has laid off hundreds of workers and contractors after abruptly stopping open-pit mining at the Point Lake site of the Ekati Diamond Mine in Canada’s Northwest Territories.

Com...

Russian diamond mining company Alrosa has commenced the extraction of rough diamonds from a new kimberlite pipe, Karpinsky-2, located within the vast Lomonosov deposit in the Arkhangelsk region of nor...