Notable jewelry designers, members of the press, and retailers are up for an award at next year’s gala.
Australia’s Ellendale Mine Sold to Burgundy Diamond
Famous for its yellow diamonds, the mine has changed hands once again.

The Western Australia-based company has agreed to a deal of $5.1 million in cash and 16 million company shares.
Burgundy Diamond Mines will also pay a 1.5 percent gross revenue royalty on any diamonds found at the site.
The soon-to-be new owner noted it looks forward “to operating in close concert with the local traditional owners, respecting the heritage and fragile environment of this important region of the country.”
Fellow Australian miner Rio Tinto was in the hot seat last year after the destruction of a sacred indigenous site, leading its CEO to step down. It was later called out by Australian Aboriginal groups for its lack of communication as it tried to mend ties.
Burgundy Managing Director and CEO Peter Ravenscroft said this acquisition “ticks many of our strategic boxes.”
“It is in one of our focus jurisdictions of low-risk diamond countries, it provides us potential for early cash-flow to underpin our expansive growth strategy, and it focuses on the production of high-value colored stones in the same way as our Naujaat diamond project in Canada.”
The Ellendale mine, located in the West Kimberley region of Western Australia, is famous for its fancy yellow diamonds.
It’s estimated to have produced around half of the world’s fancy yellow diamond supply.
Former owner Kimberley Diamonds Ltd. inked a special marketing agreement with Tiffany and Co. for the yellow diamonds in 2009.
Kimberley Diamonds suspended operations of the mine in 2015, citing lower revenues from a decline in grades of recovered diamonds.
Gibb River then acquired the mine leases in December 2019.
The deal between the company and the mine’s prospective new owner has been broken up into three payments across two years.
If Burgundy does not hold up its end of the agreement, Gibb River will retain full ownership of the mine.
The nearby Blina alluvial diamond project, which includes mining and exploration leases, is also included in the deal.
Once the sale is complete, Gibb River Diamonds said it will have more time to focus on the exploration and development of its Edjudina Gold Project and the recently discovered Neta Lodes gold prospect.
The Latest

Leaders from Jewelers of America and National Jeweler discuss the gold price, tariffs, and more in this one-hour webinar.

After experiencing motherhood, growth, and loss, founder and designer Erin Sachse has created 10 irreplaceable jewels.

It is part of Sotheby’s “Royal & Noble Jewels” sale along with an ornate hair ornament and an old mine-cut light pink diamond ring.


One of the individuals was apprehended at the airport as he was trying to flee the country.

The retailer, which has faced struggling sales in recent quarters, is looking to streamline its operations.

From sunlit whites to smoky whiskeys, introduce your clients to extraordinary diamonds in colors as unique as their love.

Hill Management Group will oversee, market, and produce next year’s spring show.

London-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.

The workshop will give attendees the chance to try out and ask questions about three different diamond verification instruments.

The footage shows two of the jewelry heist suspects descending from the second floor of the museum and then escaping via scooter.

Founder and designer Rosanna Fiedler looked to a vintage Cartier clutch when designing the sunlight-inspired drop earrings.

The luxury conglomerates faced a challenging Q3 amid geopolitical and economic tensions.

The book details the journey of watches as symbols of hard-earned success in hip-hop for artists like 2Pac, Jay-Z, and more.

Alexis Vourvoulis, who most recently worked at Tiffany & Co., brings more than two decades of jewelry experience to her new role.

The superstar’s August engagement put the stamp of approval on an already hot engagement ring trend.

Retailers should offer classic styles with a twist that are a perfect fit for layered looks, experts say.

The nearly 7-carat fancy vivid purplish pink diamond could sell for around $9 million.

Chief Artistic Officer Nathalie Verdeille has reimagined the iconic design in both figurative and abstract creations.

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.




















