Dale Vince Founder Of Green Energy Supplier Ecotricity To Mine Diamonds From Atmosphere

A British multi-millionaire and environmentalist has set out plans to create thousands of carats of carbon-negative, laboratory-grown diamonds every year “made entirely from the sky”. Dale Vince, the founder of green energy supplier Ecotricity, claims to have developed the world’s only diamonds to be made from carbon, water and energy sourced directly from the elements…

Louis Vuitton Acquires a Massive 549-Carat Rough Diamond From Botswana

Louis Vuitton has another monster-size rough diamond on its hands. Earlier this year, the Parisian luxury house announced it had acquired the second largest diamond on the planet, known as the Sewelô, that weighed in at 1,758 carats. The maison followed up today with news that it has acquired a 549-carat rough diamond, named the…

Siberian Gold Deposit Has World’s Largest Reserves

Polyus PJSC, Russia’s largest gold producer, said its untapped Sukhoi Log deposit in Siberia holds the world’s biggest reserves. An audit showed Sukhoi Log has 40 million ounces of proven reserves as measured by international JORC standards, with an average gold content of 2.3 grams per ton, Chief Executive Officer Pavel Grachev said. That means…

Investing In Wine Through Vinovest App

It’s a cellar’s market. For ages, savvy oenophiles have made huge sums off smart investments of collector bottles. A new platform, Vinovest, is looking to woo greener drinkers by guiding users through investing in managed portfolios of investment-grade fine wines. Fine wine is generally a precarious market to invest in. The $5-billion dollar resale market is unfriendly to those without deep wine knowledge and monetary resources. There are broker fees and auction house commissions for authenticating wines (the wine industry has an infamous forgery market, best documented in the 2016 film Sour Grapes). Wines must be kept in climate-controlled rooms; costly to install and maintain.

Petra Diamonds Puts Up for Sale as $650 Million Debt Looms

PETRA Diamonds said on Friday it would seek offers for the company after concluding a strategic review aimed at finding ways to repay $650m in debt. An option would be to sell certain assets in the group which largely consist of South African mines bought over the years from De Beers, including the famed Cullinan mine. The London-listed company said on Friday it had “… decided to seek offers for the company, or for parts of the business or assts of the Petra Diamonds group”. The strategic review was conducted with Rothschilds & Co, a bank.

Diamonds Sales Boom During Lockdown

Diamonds have enjoyed a boom in sales during lockdown with some wealthy investors seeking to lift their spirits with a sparkling new precious stone. Recently, a multi-coloured ‘Tutti Frutti’ diamond bracelet made by Cartier in 1930 sold for £1.1million at an online Sotheby’s auction. It comfortably beat the £650,000 estimate despite the New York auction only being open to internet bidders. Yet although diamonds can represent a good investment, they are not for the faint-hearted.

Investors Coming Back to Liquid Gold Irish Whiskey

THE Irish whiskey industry is on the up, with the number of distilleries across the island hitting a 120-high last year and sales expected to grow to 14 million cases this year. It is also gaining global recognition, with an Irish whiskey winning the highly coveted accolade of the world’s best single malt. The comeback…

The Sparkling Rise Of The Lab Grown Diamond

On a grey January morning in 2019 Meghan Markle emerged onto a London street on her way to a meeting. She wore a smart coat and heels, but it was not her clothing that caught the attention of the world. It was a pair of glittering drop earrings embedded with lab grown diamonds. It took…

Is It Time To Start Investing in Japanese Whiskey?

They say nothing lasts forever, and aged Japanese whisky is no exception. Having bursted into the American drinking consciousness over the last two decades (thanks in no small part to Bill Murray), the spirit has become a favorite of collectors and connoisseurs. The bad news is that Japanese distilleries weren’t anticipating such a boom. The…

Angola Eyes Becoming Worlds Third Largest Diamond Producer

Angola is tapping into its potential and aspiring to become the  worlds third largest diamond producer and cutter in the world, the CEO of its national diamond company Endiama said on Monday. “We have been working with major diamond companies around the world to add more value to the sector,” Jose Manuel Ganga Junior told…