Tweet The “King of Bling” has been involved in a robbery. In early March, two masked men stormed in to the Diamond Depot, a Philadelphia area jewelry store, and smashed their way in to a jewelry case. The self-titled store owner, whose real name is Ron Alia, has sold gems to celebrities like Queen Latifah [...]
Tweet Africa is rich in diamond and gold exports, and rife with opportunities for money laundering. The International Monetary Fund (IMF) recently launched a project to fight the laundering and the funneling of money from these industries in to terrorism. The IMF seeks to help 16 of Africa’s countries keep their gold and diamond trade [...]
Tweet Gem Diamonds, a diamond mining company, has recovered profitability from its stint in the red due to the struggling economy. The company reported a net loss of $55.2. million in 2008, but it reports a net profit of $25.4 million for 2009. “2009 was an extremely challenging year for the diamond industry as a [...]
Tweet Diamonds aren’t just for jewelry anymore. The fashion and gem industries made an interesting pairing recently with the announcement of a new line of diamond-bejeweled lingerie. Harlette lingerie and Eskae Jewellers partnered together to create a collection that features lingerie clasps fashioned from platinum hearts decorated with diamonds. The sparkling lingerie collection is a [...]
Tweet Russian and Indian diamond industry members have partnered together to export and cut diamonds in a lucrative deal. Alrosa, a Russian diamond producer, enlisted the help of Rosy Blue, Diamond India and Ratilal Becharlal and Sons. The three Indian entities, all diamond cutters, will have access to Alrosa’s supply of raw diamonds valued at [...]
Tweet Sothesby’s will auction off a stunningly rare blue diamond in April. The rare beauty is expected to sell for up to $5.8 million, says Sothesby’s auction house. The diamond is pear-shaped, flawless, and 5.16 carats. It is the first blue diamond to be auctioned from the De Beers Millennium Jewels Collection. The Collection was [...]
Tweet De Beers diamond miners cull South Africa’s soil for the finest diamonds on earth. Now, they offer a glimpse in to the world of diamonds and the deep culture and history of South Africa. The story of diamond mining in South Africa has been opened to eco-travelers and explorers through The Diamond Route. Tourists [...]
Tweet Rockwell Diamonds, Inc. issued 110 million shares in December of last year in an attempt to pay down short-term debt and improve the firm’s bottom line. The shares were sold via private placement and Rockwell raised over $6.81 million as a result. The Canada-based company, which produces and acquires diamonds, sold its shares at [...]
