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Diamond News Archives

De Beers Makes 12 Sustainability Pledges

Category: News Archives
Created: 30 November 2020
Hits: 466
November 30, 20 by John Jeffay
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(IDEX Online) - De Beers today unveiled a sustainability charter, with a dozen pledges, including gender parity and carbon neutrality.

The miner and retailer announced its "Building Forever" goals to protect the natural world and improve people's lives over the next decade in its four producer countries - Botswana, Namibia, South Africa and Canada - and the 30-plus countries where its brands De Beers Jewellers and Forevermark are sold.

The pledges include equal opportunities for all its workers, detailing the origin and impact of every diamond, carbon neutrality across all its operations and improving the lives of artisanal miners.

"We have both a unique opportunity and a profound responsibility to create lasting benefits for the people and places where diamonds are discovered," said CEO Bruce Cleaver.

We are committed to supporting a lasting positive impact that will endure well beyond the discovery of our last diamond."

The goals in full, to be achieved by 2030, are:

Leading Ethical Practices across Industry 

• Extend its Best Practice Principles (a set of leading ethical, social and environmental standards) beyond its value chain to advance industry standards 

• Provide the origin and impact of every diamond it discovers and sells

• Deliver scalable solutions to improve the livelihoods of artisanal miners 

 

Partnering for Thriving Communities 

• Achieve priority UN Sustainable Development Goal 3 (SDG3) health targets in all its partner communities 

• Establish skills partnerships in all its partner communities 

• Have supported four jobs across its partner countries for every one job at its operations 

 

Protecting the Natural World

• Be carbon neutral across its operations

• Reduce its...

Read more from our friends at IDEX

Federal Reserve says key bank lending rate will be phased out by June 2023

Category: News Archives
Created: 30 November 2020
Hits: 448
Diamond Buyers Club
Banks should stop writing contracts using LIBOR by the end of 2021, after which the rate no longer will be published.
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Read more from our friends at Gold & Silver

Christie's Sell Emerald and Diamond Necklace for $7m

Category: News Archives
Created: 30 November 2020
Hits: 570
November 30, 20 by John Jeffay
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(IDEX Online) -  A necklace with over 117 carats of emeralds and diamonds sold at auction for almost $7m.

Edmond Chin, the Singapore-born jewelry designer, created the one-of-a-kind piece for the Geneva-based Maison Boghossian, and it was sold at Christie's Hong Kong -  where he started his career working in the jewelry and jadeite department.

It sold for $6.99m, a fraction below the estimate of $7.09m to $10.32m (converted from HKD).

The emerald and diamond double riviere necklace (pictured) was made of 28 cushion and octagonal-cut Colombian emeralds of 10.41 to 1.48 carats, 22 oval and rectangular-cut diamonds of 4.22 to 0.70 carats, vari-cut diamonds, fancy-cut jadeite and gold.

The diamonds are 4.22 to 0.70 carats, D to F color, VVS1 to SI1 clarity, as certified by GIA, with a total weight of 48.01 carats....

Read more from our friends at IDEX

The $7m Handbag that's Saving Sea Life

Category: News Archives
Created: 29 November 2020
Hits: 606
November 29, 20 by John Jeffay
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(IDEX Online) - The world's most expensive handbag - a $7m creation made of alligator skin with over 130 carats of sapphires, diamonds and Paraiba tourmalines - is to fund the fight against ocean pollution.

Almost $1m from the sale of each bag will help rid them of discarded plastic harmful to sea life.

The Parva Mea ocean-inspired bags (pictured) take 1,000 hours to produce, and Italian luxury goods firm Boarini Milanesi says it is making only three of them.

The bags feature 10 white gold butterflies, four decorated with diamonds and three with sapphires and rare Paraiba tourmalines, totallng over 130 carats, as well as a diamond pave clasp. 

The company's co-founder Matteo Rodolfo Milanesi said the handbags were a tribute to his late father - who used to fish out plastic bags and bottles the were polluting the sea.

 ...

Read more from our friends at IDEX

Gold & The Great Reset: Peak Prosperity

Category: News Archives
Created: 27 November 2020
Hits: 502
Diamond Buyers Club
The purchasing power of the US dollar is fast failing, warns monetary expert Mike Maloney. Learn how gold can protect your wealth in the coming years.
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Read more from our friends at Gold & Silver

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