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The World Diamond Council says the transition period to its revised System of Warranties concludes on September 21, after which the revised declaration becomes the sole reference within its framework for all diamond transactions, including rough, polished and jewellery. The mechanism, which extends the Kimberley Process Certification Scheme, requires companies to declare on invoices that diamonds originate from legitimate sources; executive director Elodie Daguzan says the 2021 revision incorporates broader due-diligence principles covering human rights, anti-corruption and anti-money-laundering, and urges companies to align documentation before the deadline.
Natural diamond industry under strain from lab-grown competition and demand declineDiamond industry expert Avi Krawitz says demand for natural diamonds has stagnated in China and the US over the past three years, with global production falling in 2025 and expected to decline again this year. The Natural Diamond Council has appointed new CEO Amber Pepper and secured increased funding from members including Angola and Botswana, while De Beers promotes its Origin Diamonds traceability brand to build consumer confidence.
Angola and Congo push transparency and value additionAngola became Africa's second-largest diamond producer by value in 2024, at $1.41-billion, and has bid for a 20% to 30% stake in De Beers. The Democratic Republic of Congo has signed a deal with Switzerland's ADEX Platform to build a cutting and jewellery facility and digital sales platform, aiming to curb smuggling as output fell to 8.1-million carats in 2025.
Diamonds Updates
Industry body the World Diamond Council has highlighted that the transition period to its revised System of Warranties will conclude on September 21. With fewer than three months remaining of the...
The Democratic Republic of Congo has signed an agreement with Switzerland-based diamond and gemstone technology firm ADEX Platform for the marketing of Congolese diamonds, under which they will...
Aim-listed Botswana Minerals has announced that an AI-driven review of legacy geological records identified primary copper sulphide and altered copper minerals in historical drill cores from holes...
Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion, marking a significant shift in the global diamond landscape that has...
The natural diamond industry’s legacy operating model of scarcity driving desire and desire driving price is under strain and as the industry moves forward, producers and traders confront pressures...
As the natural diamond industry continues to navigate a challenging period, businesses across the pipeline are adapting to changing market conditions, evolving consumer behaviour and ongoing...
Political settlements theory helps us understand the drivers of systemic change, holding that the ambition of elites who control a country’s political and economic apparatus to decarbonise...
A sale of De Beers, Anglo American's diamond unit, has never been closer, its CEO said on Tuesday, adding that a deal could come within weeks. Anglo put De Beers - one of the world's leading...
Diamond miner De Beers has shared its latest research on US consumer trends in its latest 'US Diamond Acquisition Study' report, which found that jewellery that includes natural diamonds are the...
British-Australian multinational mining company Rio Tinto is increasing its yearly community investment commitment in Canada by 30% through the Rio Tinto Canada Fund (RTCF), bringing total yearly...
JSE-listed Omnia achieved a strong performance for the financial year ended March 31, with its diversified business model and execution in its Agriculture and Mining segments enabling it to weather...
Aim- and Botswana Shttps://preditor.creamermedia.co.za/article.view.php?a_id=721951&ct_id=1&op=edit#tock Exchange-listed copper and diamond exploration company Botswana Minerals has announced that...
The Botswana government and De Beers have announced the appointment of former African Development Bank (AfDB) president Dr Akinwumi Adesina as chairperson of the Diamonds for Development Fund – a...
The Gemological Institute of America (GIA) has entered into a definitive agreement to acquire a 30% shareholding in Tracr, the De Beers Group-backed company behind the development of the pioneering...
Amid continued weakness in the diamond market, London-listed Petra Diamonds has decided to place its Finsch mine, in South Africa, in business rescue in order to protect the overall business. CEO...
At least 28 people were killed when a landslide struck an illegal gold mining site in Angola's northwestern Bengo province, local authorities said, in one of the country's deadliest illegal mining...
Aim- and Botswana Stock Exchange-listed copper and diamond exploration company Botswana Minerals has announced that an AI-assisted exploration study across two of its eight northern Botswana...
As preparations begin for the Investing in African Mining Indaba 2027, the event is sharpening its focus on how partnerships across African mining translate into practical outcomes and investment...
Ronnie VanderLinden was appointed the new president of industry organisation the World Diamond Council (WDC) at its 2026 AGM, in Antwerp, Belgium on May 7, succeeding Feriel Zerouki. Taking office...
The Kimberley Process (KP) needs to consider how it can strengthen digital communication in its work, while addressing emerging risks such as financial integrity, and develop robust traceability...
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