It included the sale of the 11,685-carat “Imboo” emerald that was recently discovered at Kagem.
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Associate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.

Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.

The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.

The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

Production at the mine in Canada’s Northwest Territories topped 1 million carats in Q2, the third consecutive quarter of growth.

In its inaugural year, the SMO Foundation will focus on supporting two organizations in West Africa and one in South America.

This past year, the manufacturer said it recorded below-zero emissions per carat of natural diamond.

Signatories to the “Luanda Accord” committed to allocating 1 percent of annual diamond revenue to the Natural Diamond Council.

The gemstone is the third most valuable ruby to come out of the Montepuez mine, Gemfields said.

Following visits to Vegas and New York, Botswana’s minerals minister sat down with Michelle Graff to discuss the state of the diamond market.

The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.

It was featured in the miner’s latest sale, which brought in $24.8 million.

Sapphires, emeralds, and rubies are finding their place in a U.S. market captivated by the gemstones once referred to as “semi-precious.”

The miner announced plans to recommence open-pit mining at Kagem.

Its commercial-quality emerald sale held last month totaled more than $16 million, up from about $11 million in September 2024.

Though currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.

Kenewendo, Botswana’s minster of minerals and energy, discusses closing the deal with De Beers and the work that was missed along the way.

Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.

The industry is changing as it grapples with new realities around distribution, supply, and the need for consistent, effective marketing.