Nissim Zuaretz elected President Israel Diamond Exchange: “For 28 years, I have dedicated my life to our precious diamond industry, and I commit to continue working for its benefit. This is undoubtedly a period full of challenges for the country and the diamond industry in particular, which is in severe crisis and requires rehabilitation and dedicated plans to grow it back. I believe that with innovation, creativity, proper work, and complete transparency, we will succeed in setting a new path and ensuring the profession’s future for the younger generation. I would like to take this opportunity to thank the esteemed IDE members who supported and encouraged my entry into the role of President."

There is more at stake in the Anglo American-BHP debate than meets the eye: The point that has been missing in the Anglo American-BHP debate is not what the mining company ought to do, but who it is – its DNA. Ignoring this means that we lose sight of what is actually right for South Africa. A business that evolved over its 107-year journey is an essential link between the past and the future of our country. Over the 45 years in this journey that we have had support from Anglo American, we have repeatedly and on multiple occasions witnessed the beating heart and soul of Anglo American, when it comes to the wellbeing of our communities.

UAE concludes KP Intersessional in Dubai: Key progress was made in regard to Central African Republic’s (CAR’s) reinstatement to the Kimberley Process. Since 2013, the country has been subject to a temporary ban on the import and export of rough diamonds due to unrest. Following the Special Plenary, a date for a review mission has been confirmed for September 2024. The KP Chair, Ahmed Bin Sulayem, has actively called for a review mission to take place in light of an improving security situation. A sideline event provided additional focus on provenance, traceability and technology to explore innovative technologies and traceability solutions available to address future challenges in the global diamond trade landscape.

Anglo agrees to discuss takeover after BHP lodges ‘final’ proposal: Anglo American on Wednesday rejected a third takeover proposal from BHP but has left the door open for negotiation, extending the deadline for talks by a week to May 29. Crucially, he did not criticise BHP’s offer on value and said negotiations could begin. Commenting on the structure of the offer, Chambers said: “the board is willing to continue to engage with BHP and its advisers on this topic."

De Beers is eager to go it alone as Anglo American divests its diamond holdings: “It is a great business and it has fantastic assets and it has an exceptional brands. And therefore on that basis, it really deserves to be together on thapet set of criteria. How we do this is going to be a journey.” De Beers CEO Al Cook is more than ready for the next phase of that journey. “For 124 of our 136 years of existence, Anglo American didn’t own the majority of De Beers,” he shared in an exclusive interview from Botswana. Anglo American acquired its majority stake in 2011.

Anglo American explores De Beers IPO as part of break-up, sources say

CEO Duncan Wanblad said the plan was to spin out or sell De Beers, without giving further details. Anglo holds 85% of De Beers, while the government of Botswana, the location of its biggest mines, owns the remainder. Anglo declined to comment. Botswana's government did not immediately respond to a request for comment.

Lucapa to sell 70% stake in Lesotho diamond mine, Mothae: “On review, it is clear the company should streamline the portfolio to focus on our core assets in Africa and Australia,” said Stuart Brown, chairperson of Lucapa in a statement. “We expect there will be significant interest from those within the diamond industry and on a wider scale,” he added

WDC calls on KP participants to list country of mining origin: With 2024 being declared the “Year of Delivery” by the Chair of the Kimberley Process (KP), World Diamond Council (WDC) President Feriel Zerouki reminded delegates of the KP Intersessional meeting in Dubai that participants can choose to apply best practice over and above the minimum requirements of the KP, in this instance, listing the countries of mining origin on the KP certificate when the information is available “and [it] should be highlighted and disclosed to maintain and secure confidence in diamonds

De Beers has run out of monopoly power: The reason Anglo America is trying to spin off diamonds giant De Beers is a combination of them losing their monopoly power while the economics of their business have also become much more difficult, says Angara founder Ankur Daga.

Botswana beyond diamonds: “It’s not [just] now; it’s always been a reality that the economy needs to diversify, not wait for the last diamonds to come out of the mine, because that would not be a sustainable way of developing the economy,” says Wanetsha Mosinyi, who grew up in Botswana and now serves as De Beers’ social investment and sustainability manager in the country. “Ever since I was a child, economic diversity was something that was mentioned. That’s really a reality. It’s always been there.”

Beyond ‘quiet luxury’: Brunello Cucinelli’s billion-dollar growth formula: I’m not worried about who’s going to buy the product, but I’m worried about who’s going to produce the product,” the Italian entrepreneur and creative director Brunello Cucinelli often says, according to his eponymous brand’s North American president and CEO Massimo Caronna. It’s this long-term perspective that informed the luxury label’s decision to take a joint-minority stake in one of its cashmere yarn producers in May.

Where does De Beers go from here?: Having experienced various acquisitions and restructurings at places where I’ve worked, I have considerable sympathy for De Beers’ 20,000 employees as they digest the news that majority owner Anglo American plans to sell off their company. While big corporate changes sometimes work out for the best, they are rarely pleasant for those who live through them.

Robbers made off with ‘several million euros’ of jewels in armed heist of ‘Jeweler to the Stars’: Armed robbers who used a motorbike as a battering ram made off with “several million euros’” (dollars) worth of valuables in a heist of the luxury Paris boutique of self-declared “Jeweler to the Stars” Harry Winston, the French prosecutor’s office overseeing the police probe said. The Paris prosecutor’s office…saying the dazzling, by-appointment store on the tony Avenue Montaigne was robbed by a gang of at least three people.

The world's most valuable diamonds, and who's worn them: From the supposedly cursed Hope Diamond to the glittering crown jewels and the iconic Tiffany Yellow Diamond worn exclusively by the stars, read on as we reveal the most valuable diamonds in the world.

Lab-grown diamonds come under the spotlight: Jewellery brands are facing action from trade and advertising watchdogs over their product descriptions. Within months of launching her Lark & Berry jewellery brand, Laura Chavez received a letter in 2018 co-signed by the London Diamond Bourse and the National Association of Jewellers. It informed her that, in their opinion, the wording on her website was incorrect and misleading consumers. Chavez was dealing exclusively in laboratory-grown diamonds and chose to use more creative descriptions, such as cultured diamonds.

Goodbye to charging cars forever: the diamond battery that lasts 28,000 years and has an incalculable price tag: The diamond battery that has already become famous for its efficiency: it could find its way into cars. The synthetic diamonds allegedly (yes, allegedly) had a tamper-proof protective layer to prevent leakage. Moreover, NDB maybe would have certified that the radiation levels of a cell are lower than those emitted by the human body, making it safe for use in smartphones or laptops. In terms of applications, this battery could have been a promising future in the aerospace industry, but also in automotive, consumer electronics or medical technology (pacemakers, hearing aids).The firm intented to sell the battery to commercial partners, including space agencies for long duration missions. No details were given on the price of this incredible power source, as it is currently in the development phase, and now you will find out why.