ALROSA achieves carbon neutrality for all diamonds mined in June 2025

ALROSA has published its latest sustainability report for 2024, sharing its key achievements for 2024 in ESG and in ensuring carbon neutrality in diamond mining.

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Nornickel to resume cobalt production at Kola MMC by late summer

Norilsk Nickel intends to commission a new cobalt production facility at its subsidiary JSC Kola MMC to replace the one damaged by a fire in 2022.

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Arctic Blue acquires interest in Canadian diamond project

Online jewellery retailer Arctic Blue Diamonds has acquired a controlling stake in the WO Diamond Project in Canada.

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Implats to shut down palladium mine in Canada

Impala Platinum (Implats) is set to close its Canadian mine due to falling palladium prices, jeopardising 750 jobs.

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NDC finds fancy colour diamonds rapidly growing in popularity

The Natural Diamond Council (NDC) has published a report dedicated to the fancy colour diamonds market and found out that these rare gemstones are growing in popularity.

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June 2024 Market Update: De Beers, G7 & Other Changes

21 june 2024

By Edahn Golan

(edahngolan.com) - The diamond industry is going through changes on a number of fronts, some of them fundamental. Issues such as De Beers announced sale, the impact of G7 sanctions on Russian diamonds, the increasing importance of traceability, the rise in demand for lab-grown diamonds amidst sinking prices, China’s struggling economy, and growing tensions with the West are among those that are – or should be – on everyone’s mind in the industry.