February
Diamonds are not forever (as lab-grown rocks tank prices)
The price of a ring-size single-carat stone has fallen by 37 per cent. To survive, luxury jewellers will have to persuade their clientele that a natural diamond is still worth the outlay.
September 2024
Real diamonds can’t cut it as cost crunch hits lovebirds
The cost of engagement rings can jump by hundreds of dollars in a week, says jeweller Rachel Lake, leading to greater interest in sapphires and lab-grown diamonds.
August 2024
‘The eagle has landed’: how the world’s second-largest diamond was found
The 2492-carat gem could be worth more than what Lucara paid for De Beers’ share of the mine where the discovery was made.
June 2024
Rio Tinto leader never shies away from hard talks and tough calls
Sinead Kaufman, the winner of the Resources category, also shows great care and sensitivity for families and communities across her career in mining.
April 2024
The rule book on investing in cars, wine or diamonds
Because they’re classified as collectable or personal use assets, strict rules apply to their acquisition, storage, insurance and use if held by an SMSF.
March 2024
Gen Z doesn’t care where diamonds are from – even if it’s a lab
Luxury brands may be turning up their noses but many jewellers – and their clientele – are embracing lab-grown gems.
November 2023
Diamond world takes radical steps to stop price plunge
With prices in free fall around the globe, slowing demand and swelling inventory has prompted one-time monopoly De Beers to take unprecedented action.
May 2023
Siblings create sparkling brand from dad’s diamond business
The Whiting family are bringing rare antique diamonds to Australia to make fine jewellery. And it all started with their “mad for rocks” father.
Tiffany’s tickled pink to be grabbing the world’s last Argyle diamonds
“This is truly once in a lifetime,” says the jeweller’s chief gemologist of the 35 sparklers acquired from the now-closed mine in the Kimberley.
April 2023
Burgundy Diamond Mines recuts $231m capital raising
Burgundy Diamond Mines has dialled back its underwritten placement from $US150 million ($231 million) to $US126 million ($193 million), as current owners of its Canadian M&A target Ekati decide to retain a 19.9 per cent stake.
March 2023
Burgundy Diamond Mines kicks off $231m acquisition raising
Michael O’Keefe, of Riversdale and Champion Iron fame, is back from roadshows for Burgundy Diamond Mines and ready to start collecting bids for the company’s $US150 million ($231 million) raising to help bankroll its acquisition of Canada’s Ekati diamond mine.
Mining guru O’Keeffe seeks $231m equity for Burgundy Diamond play
Michael O’Keeffe, of Riversdale Mining and more recently Champion Iron fame, has unveiled an ambitious plan to create the largest ASX-listed diamond company.
July 2022
‘Hero diamonds’ form basis of Tribeca’s new $50m fund
Jewellery scion Margot McKinney and Tribeca portfolio manager Ben Cleary have raised $50 million to turbocharge their new hard asset diamond fund.
They bought a 910-carat diamond. Then they split it 82 ways
Van Cleef & Arpels’ latest high jewellery collection is focused on just one stone, the Lesotho Legend, which is the fifth-largest gem of its kind on record.
June 2022
Is buying a ‘real’ diamond a mug’s game?
With lab-grown diamonds being chemically, physically and optically identical to mined diamonds, what does it mean to buy a “real diamond” today?
April 2022
Burgundy bets on vertical integration in ultra-luxury diamonds play
The boss of the WA miner hopes jewellers will soon be selling diamonds mined, cut, polished and branded by the company to the rich for up to $10 million a pop.
March 2022
Even the meerkats get the boot as consumers spurn brand Russia
Marketing experts say Russia’s international brand is on par with the Ebola virus, causing western consumers to rethink where they spend their money.
November 2021
Mystery buyer pays $11m for royal bracelets
A pair of diamond bracelets that belonged to France’s Queen Marie Antoinette sold at auction on Tuesday for $11.09m, several times the pre-sale estimate, Christie’s said.
July 2021
New Australian technology tracks down gold thieves and blood diamonds
After years of catching gold and diamond thieves, geologist and chemical scientist John Watling is set to see his technology underpin global diamond provenance.
May 2021
Rio cutting diamond mine closure deal with traditional owners
Rio Tinto is looking to make its exit from diamonds in WA as painless as possible for traditional owners who may receive compensation for underground mining infrastructure that can’t be safely removed.