(IDEX Online) - Gem Diamonds Limited has announced the discovery of an exceptional 183-carat white Type IIa diamond from the Let?... ?eng mine in Lesotho on February 3.The miner also announced that it also recovered two different high quality diamonds, one of 89 carats and the other of 70 carats, from the mine. The Let?... ?eng mine is the highest dollar per carat kimberlite diamond mine in t...Read More
LSE-listed Gem Diamonds has recovered an exceptional 183 ct white Type IIa diamond from the Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.It has also recovered two other significant high-quality diamonds, weighing 89 ct and 70 ct.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
The new year began much the same as it ended - at least as far as polished prices were concerned - with very little happening. In a pattern that seems to be repeating itself, January prices started at 120.99 and ended at almost the same point - 120.90 - with a slight dip at the mid-month mark that soon righted itself. OutlookPolished prices have been depressed for the p...Read More
RAPAPORT... Russia's Eximbank has started offering credit to rough-diamond buyers through a loan deal with an Antwerp-based Alrosa client, the miner said.The state-owned lender has agreed to finance purchases for manufacturer and trader Dali Diamond via a two-year revolving credit line in euros, Alrosa said. Dali began using the funds during the miner's January trading session."[Since] we oft...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has added supply-chain certification for silver to its chain-of-custody standard.The certification, which is voluntary, allows those in the trade to offer verification that their materials are responsibly sourced. The RJC has previously only certified gold and platinum."Our standard offers a tool for member companies to provide third-party-certif...Read More
RAPAPORT... Global gold-jewelry demand dropped 10% year on year in the fourth quarter to its lowest level since 2011 due to economic slowdowns in India and China, the World Gold Council (WGC) reported.Appetite for gold jewelry in India fell 17% for the quarter, as prices of the yellow metal reached record levels in the second half of the year. The domestic slowdown in the country and lower demand...Read More
RAPAPORT... Sterling Jewelers has asked the US Supreme Court to reverse a lower-court ruling allowing an arbitrator to decide whether the company underpaid more than 70,000 women in a class action gender-bias case.The case alleges that Sterling - the division of Signet Jewelers that oversees Kay Jewelers and Jared - failed to provide proper pay equity and equal-opportunity promotions to femal...Read More
(IDEX Online) - Sarine Technologies Ltd has announced that it has filed additional lawsuits in India for patent and copyright infringement against manufacturers of IP-infringing Galaxy machines. The company said that as part of these lawsuits, court-appointed commissioners recently conducted surprise inspections of various locations in Surat where such systems are allegedly being manufactured...Read More
CAPE TOWN (miningweekly.com) – Urgent steps are needed to revive the South African economy, Minerals Council South Africa chairperson Mxolisi Mgojo said on Monday.Speaking on the first day of the four-day Investing in African Mining Indaba, he said the Minerals Council was ready and willing to work with the government.Advertisement“We believe that the time has come to be more asse...Read More
(IDEX Online) - Mountain Province Diamonds Inc. has notified the Nasdaq Stock Market LLC that it intends to voluntarily delist its common shares from Nasdaq Stock Exchange (NASDAQ). The Company's shares will continue to trade on the Toronto Stock Exchange (TSX) after the NASDAQ delisting becomes effective. The company said it is currently out of compliance with the rule requiring listed...Read More
JOHANNESBURG (miningweekly.com) – Despite mining’s contribution to almost every aspect of modern life, the industry is still seen as an industry “that takes more than it gives”, Anglo American CEO Mark Cutifani lamented in his keynote address at this year’s Investing in African Mining Indaba, which is taking place in Cape Town, this week.He highlighted that the mining...Read More
(IDEX Online) - Diamonds Do Good, formerly the Diamond Empowerment Fund, has announced a partnership with JCK to launch the first annual Diamonds Do Good Jewelry Awards. The awards will honor members of the jewelry industry who have made charitable giving a successful and sustainable part of their business.The new awards are open to manufacturers and/or retailers of fine jewelry featuring pre...Read More
RAPAPORT... Global gold-jewelry demand dropped 10% year on year in the fourth quarter to its lowest level since 2011 due to economic slowdowns in India and China, the World Gold Council (WGC) reported.Appetite for gold jewelry in India fell 17% for the quarter, as prices of the yellow metal reached record levels in the second half of the year. The domestic slowdown in the country and lower demand...Read More
RAPAPORT... Mountain Province has decided to delist itself from the Nasdaq stock exchange following six months in which its shares were below the minimum bid price.The company, which is also listed on the Toronto Stock Exchange (TSX), has been out of compliance with Nasdaq since August, when its stock dipped below $1 per share minimum for more than 30 consecutive business days. At the time, Nasdaq...Read More
RAPAPORT... Pandora has committed to being carbon-neutral in its own operations by 2025 as part of a plan to reduce the environmental impact of the company and its suppliers.From this year, the jeweler will use 100% renewable energy at its two manufacturing facilities in Thailand, which currently account for 52% of its emissions, it said Thursday. Over time, it will source more of its own sol...Read More
RAPAPORT... The Women's Jewellery Network (WJN) has distributed a survey to the UK jewelry trade to gain a better understanding of gender equality in the industry."We are very conscious that there is a lack of specific and relevant data on the experience of employees within the UK jewelry trade," WJN managing director Victoria McKay said last week. "We want to provide the trade with an annual baro...Read More
(IDEX Online) - Jewelers Mutual has launched its annual ad campaign. The latest campaign, developed with Chicago-based creative agency Laughlin Constable, is a satirical look into what the insurer calls the "reality of jewelry infatuation." The premise for the "Jewelry Obsessed" campaign came from the company's consumer focus groups who reported that shopping for engagement rings and oth...Read More
(IDEX Online) - Alrosa has held its first trading session following the expansion of its Alrosa Alliance client list. The company added 15 new members this month, increasing the total number of Alrosa Alliance members to 76. Among the new members are four jewelry companies and 11 clients specializing in industrial rough diamonds.Meeting the requirements of Alrosa Alliance is an essential condition...Read More
(IDEX Online) - Prices of round diamonds continued to be fairly stable in December, with many categories seeing isolated or limited changes. The changes that occurred in goods below 1.00 carat were mostly positive; 0.30-0.39 cts, D/VVS1-VS2 increased 2-4 percent, 0.90-0.99 cts, G-J / VVS2 increased 1.5-3.5 percent. Items sized 2.00-4.00 carats saw some negative change, with the 2.00-2.99 carat cat...Read More
RAPAPORT... De Beers Group Industry Services will provide diamond-grading reports to RDI Diamonds in its first foray into the US market.The grading-lab arm of the mining giant will be the exclusive provider of grading services for the New York-based diamond wholesaler's Rare and Forever brand, De Beers said last week. It will also assist RDI with educational activities and sales training."This mov...Read More