Diamond News Archives

(IDEX Online) - Lucara has announced its second huge diamond recovery in two weeks from Karowe, in Botswana. 

The Canadian miner says the unbroken Type IIa 378-carat gem quality top white diamond (pictured) came from milling of ore.

It follows the recovery of an unbroken 341-carat diamond from the same part of the mine, long associated with valuable finds, which was announced two weeks ago.

It's the 55th diamond greater than 200 carats to be recovered from the open-pit mine since 2015.

"This superb 378 carat diamond is our second +300 carat recovery so far this year, marking a strong early start to 2021," said Eira Thomas, Lucara's CEO.

"The 378-carat joins a rare and special lineage of exceptional, high value diamonds recovered at Karowe and continues to highlight the wonderful diamond potential of Botswana."...

Is gold money? Many would say so, and a web search returns tens of thousands of additional affirmative responses. If you want to start a fight with a gold bug, take the opposite view. But is it so? To answer the question of whether gold is money requires a definition.

If Larry really cared about the environment instead of just how to boost his bonus, he would donate the fees that Blackrock generates from its ESG funds and donate them to charity. Or the least he could do is stop using his private Gulfstream 650 which burns 1,100 kilograms of massively polluting jet fuel per hour, while he is participating in this "green charade."

(IDEX Online) - Tiffany is poised to expand its offering to include more gold, precious gems and watches, after LVMH's $15.8bn buyout was finally completed earlier this month.

The French luxury conglomerate also has its sights set on revamping many of its 320 US stores and expanding its operations in Europe and Asia.

The new owners outlining their vision to 14,000 Tiffany employees, said the emphasis would shift further towards high-end jewelry, says the Reuters news agency, citing unnamed staff members.  

Tiffany & Co currently carries a range of popular and affordable stock, much of it silver, as well as more expensive items.

LVMH boss Bernard Arnault reportedly pledged in a video message that he'd be investing heavily in Tiffany's long-term future. 

He famously pulled out of the on-off-on-again acquisition after the pandemic hit, claiming Tiffany had handled the crisis badly, but came back on board after winning a modest price cut.

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