Headlines

Petra Diamonds CEO Johan Dippenaar Leaving Mining Firm

Petra Diamonds Limited said long-time CEO Johan Dippenaar, will be stepping down after 12 years.

Chairman Adonis Pouroulis said: "Johan has led Petra through a long period of significant growth, taking the company’s annual production from approximately 175,000 carats in FY 2006 to 4.6 million carats in FY 2018, and establishing the company as a leading independent diamond producer. As Petra now approaches the final stage of its expansion plans, it is positioned to reap the benefits and, in line with the Nomination Committee's succession plan, a successor for the CEO position will be appointed in due course. Johan will continue in the role of CEO until this time and will work closely with the Board to ensure an efficient handover. I would like to take this opportunity to express the Board's sincere gratitude for all that he has done for Petra. We look forward to updating the market with new non-executive appointments in October."

ALROSA Launches First 'True Colours' Auction Of Large Colored Stones

ALROSA, the largest diamond mining company in the world, presented the first of its kind collection of large colored diamonds at the Hong Kong Jewelry & Gem Fair.

The company said it was part of a new strategy to become the world leader in the production of colored polished diamonds.

ALROSA: Worldwide Jewelry Sales Up 5% In Second Quarter

Sales of jewelry increased in all of the world's key regions, except for India, in Q2 of 2018, ALROSA reported. The average global growth rate was 5% higher than during the same period last year.

Hong Kong Jewellery & Gem Fair Ends Early as Typhoon Mangkhut Brings Chaos 

Click on these links to see some of the damage caused as typhoon smashes into city:

WFDB's Young Diamantaires Hold Successful Meeting Despite Typhoon Mangkhut

The WFDB's Young Diamantaires group held a highly successful meeting during the September Gem and Jewellery Fair in Hong Kong.

The breakfast gathering took place on September 14 at the Asia World Expo, despite the chaos caused by Typhoon Mangkhut.

Union Bank Of India Leaving Antwerp

The Union Bank of India is withdrawing from the Antwerp diamond center.

The bank has given notice that it will close its branch in the Belgian port city within a year, according to Chief Executive Officer Rajkiran Rai Gundyadka.

London Auction Could See Fancy Pink Diamond Sell For $1 Million

A rare fancy pink diamond weighing 5.03 carats will headline Bonhams London Fine Jewellery sale on September 26.

The square-cut fancy pink diamond, VS1 clarity, is estimated to sell for at £600,000-£800,000 ($780,000-$1,000,000).

Spending on Weddings In US Flat At $25,439 in Q2

Spending on weddings in the United States in Q2 2018 was flat with a slight decline of 0.5% from $25,569 in Q1 2018 to $25,439 for Q2 2018, according to weddingreport.com .