PodcastsJan 12, 2026
The latest poscasttest
SourcingJul 07, 2015
Mine that Tiffany tapped for yellow diamonds closes
Kimberley Diamonds Ltd. has suspended operation of the Ellendale Diamond Mine in northwest Australia, attributing its decision to lower revenues from a decline in grades of recovered diamonds.
Kimberley Diamonds has closed its Ellendale Diamond Mine in northwest Australia and placed the subsidiary that owns the mining license into voluntary administration.
Sydney--Kimberley Diamonds Ltd. has suspended operation of the Ellendale Diamond Mine in northwest Australia, attributing its decision to lower revenues from a decline in grades of recovered diamonds.
The company said that both the decrease in quality of the stones and the lower size distributions have resulted in the diamonds selling for less. This was especially true at a recent auction held in Antwerp, where prices were significantly lower than forecasted after a sharp decline in the rough diamond market.
The subsidiary, Kimberley Diamond Company Pty Ltd. (KDC), which holds the Ellendale mining license, has been placed into voluntary administration.
Sule Arnautovic, Trajan John Kukulovski and Chris Williamson of corporate business advisory company Jirsch Sutherland were appointed as administrators of KDC, effective immediately.
It is unclear at this time exactly what will happen to the company going forward. Kimberley did not respond to a request for comment by press time.
And Tiffany & Co., which signed an agreement for the supply and sale of the fancy yellow diamond production from Ellendale in December 2009, did not respond to a request for comment on how the closure of the mine will impact its supply of yellow diamonds going forward.
The retailer launched its Yellow Diamond collection in the U.S. market at its flagship store in New York City in September 2010.
The Ellendale Mining Lease, which covered 123.9 square kilometers, is located in the West Kimberley region of Western Australia. Diamonds were first discovered at the site in 1976, and, up until now, it has produced an estimated 50 percent of the world’s fancy yellow diamond supply, according to Kimberley.
Editors' Picks
Sponsored by
More on Sourcing
The Latest
Weekly QuizOct 03, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsJan 12, 2026
Introducing My Next Question, the PodcastA monthly podcast series for jewelry professionals
Brought to you by
Navigating Cybersecurity: Essential Guidance for JewelersFrom protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
PodcastsNov 27, 2025
Test Podcast With VideoTest Podcast With Video. New interview with Ada Lovelace.
PodcastsNov 25, 2025
Test New Podcast PostAbstract for tests. New Podcast interview with John Lennon, Jimi Hendrix and Jim Morison.
ColumnistsOct 09, 2024
Peter Smith: 7 Things to Know When Selling LuxuryAhead of the holiday season, Smith delves into the often subconscious reasons people buy luxury products for themselves or their loved ones.
AuctionsOct 09, 2024
Rolex Worn on Apollo 14 Mission Up for SaleThe GMT-Master “Pepsi” belonging to astronaut Edgar Mitchell is a standout in RR Auction’s online “Space Auction,” going on now.
MajorsOct 09, 2024
New Simon Campaign Invites Gen Z to ‘Meet Me At The Mall’The ads celebrate the mall culture of the ‘80s and ‘90s.
MajorsOct 09, 2024
PGI Launches New Virtual Sales TrainingRetail sales associates can access the video series on mobile to refresh their selling skills.
Policies & IssuesOct 09, 2024
GJNRF: Reaching Out, Rebuilding Futures For 25 years, India’s Gem & Jewellery National Relief Foundation has provided aid in the wake of war, natural disasters, and global crises.
AuctionsOct 08, 2024
Sotheby’s Selling Jewelry That Belonged to a Bulgarian TsarThe November auction will feature a collection of jewels owned by Ferdinand I, the first king of modern Bulgaria, and his family.
SurveysOct 08, 2024
What to Know About Online Shopping This Holiday SeasonDeloitte and Adobe Analytics shared their insights on the season, from the retail sales forecast to the role of generative AI.
CollectionsOct 08, 2024
Sylvie Adds New Men’s BandsThe Texas-based jeweler collaborated with luxury clothing brand Uncommon Man on men’s bands designed with European influences.
SourcingOct 07, 2024
Rio Tinto to Offer 76 Diamonds in 2024 Beyond Rare Tender The sales event, in its second year, features a selection of rare diamonds from the miner’s Argyle and Diavik diamond mines.
CollectionsOct 07, 2024
Olympian Kristi Yamaguchi Partners With Heller Jewelers on New CollectionA portion of the proceeds from the “Always Dream” collection will go to Yamaguchi's foundation, supporting early childhood literacy.
SurveysOct 07, 2024
Hill & Co.’s New ‘Business of Jewelry Report’ Is OutThe first in what is slated to be a series of in-depth reports from the consulting company, it focuses on shortening supply chains.
WatchesOct 04, 2024
Watches of Switzerland Clocks Another Acquisition—HodinkeeThe company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
