Diamond Services has announced that it will begin offering synthetic diamond screening services directly to the Chinese diamond trade through the facilities in Shanghai of NGGC, the state-owned gem laboratory that is one of the largest grading institutes in China.
The rough-diamond miner extracted about 11.6 million carats in Q3, or 20% more than in the same period last year. However, it could only sell 4.9 million carats.
Prices for the precious rocks have fallen almost 12% in the past year, amid weakening diamond jewellery demand from China, the second largest consumer after the U.S.
Rio Tinto’s spectacular diamonds from its Argyle diamond mine in Western Australia are the centrepiece of a unique collaboration to celebrate five years of partnership with China’s premier diamond jewellery company Chow Tai Fook.
Australian researchers have found a way to use diamonds to act as beacons in magnetic resonance imaging (MRI) scans and identify cancerous tumours before they become life-threatening.
According to research house Wood Mackenzie, the need for investment is becoming desperate in zinc and lead and will be a major issue in the copper sector in the next few years.
For generations, Brazil's indigenous groups lived in isolation, but the discovery of large diamond deposits in their lands has brought them more misfortune than wealth.