(IDEX Online) - BlueRock Diamonds has announced that it operated profitably for the first time in the second half of 2019. The miner started operations in 2012.The AIM-listed diamond producer, which owns and operates the Kareevlei DiamondMine in the Kimberley region of South Africa said its revenue was up 190 percent to ?, ?4.1 million ($5.4 million) for full year 2019. The miner sold 12,675...Read More
(IDEX Online) - Anglo American today (Thursday) announced that De Beers' Q4 2019 production dropped 15 percent to 7.8 million carats compared to Q4 2018 (9.1 million carats). The company said the lower figures were because of lower production levels in South Africa and Botswana.For the full year, De Beers' diamond production totaled 30.8 million carats, a drop of 13 percent compared to 2...Read More
(IDEX Online) - Jewelers Mutual has arranged additional surveillance for commercial lines policyholders in an unnamed state in the Midwest because of what it terms suspicious activity. This is the second time in the past few months that the company has had to do so. In October 2019, Jewelers Mutual provided extra security surveillance to policyholders in California during widespread power out...Read More
(IDEX Online) - Alrosa has announced that the diamond price index for 2019 dropped 6 percent over 2018. For the fourth quarter, it fell 2 percent compared to Q3 2019.In the fourth quarter, the average realised price for gem-quality diamonds increased 9 percent (down 3% y-o-y) to $148 per carat. For the full year, prices totaled $133/ct (down 19%).Fourth quarter rough and polished sales revenue inc...Read More
Investment in South African exploration has been lean of late, with numerous factors contributing to this reality, including the state of the economy and the ability to secure seed funding, says Investing in African Mining Indaba head of content Tom Quinn, of UK event organiser Hyve Group.Themed Optimising Growth and Investment in the Digitised Mining Economy, Investing in African Mining Indaba 20...Read More
(IDEX Online) - Kay Jewelers and Le Vian have partnered this football season to design a limited edition football necklace. Only 154 of the Chocolate Diamonds and Strawberry Gold pendants have been created. The necklaces each contain 1.5 carats of diamonds and mark the 20th anniversary of Le Vian's Chocolate Diamonds, as well as 21 years of collaboration with Kay Jewelers. The neckl...Read More
RAPAPORT... Millennial consumers are independent, vocal, tech-savvy and used to getting what they want. They have disposable income and aren't afraid to spend it on things they believe add value to their lives, no matter the price tag. But successfully enticing this market into your store is not as easy as it was with their moms and dads, and retaining them can be even more difficult. That's...Read More
(IDEX Online) - Swarovski has added 16 new colors to its lab-grown diamond collection. The crystal behemoth launched its first Swarovski Created Diamonds in 2018 with the new colors premiering during this week's Haute Couture Fashion Week in Paris "Swarovski is probably most known for our precision-cut crystals, but as a company we are increasingly focused on exploring new materials and...Read More
(IDEX Online) - IIJS Signature is adding a Design Pavillion to its showfloor this year. The new pavilion will feature the work of nine female entrepreneurs and nine budding jewelry designers. The participants will be chosen by independent industry experts appointed by the Gem and Jewellery Export Promotion Council (GJEPC) in assistance with the Women's Jewelry Association - India. Prefer...Read More
(IDEX Online) - The government of Russia's Yakutia region, a major shareholder in Alrosa, has proposed that the Russian precious metals and gems repository Gokhran buy $0.5-$1 billion of the firm's rough diamonds this year, reports Reuters. The proposal was apparently made to President Vladimir Putin and Russia's finance ministry, according to Aysen Nikolaev, the head of Yakuti...Read More
(Press Release) - DelGatto Diamond Finance ("DelGatto" or "Company"), an institutional diamond finance company, today announced it has partnered with Koin International ("Koin"), a leading specialized polished and rough diamond company, to provide immediate financing for clients at Koin's international tenders.DelGatto Diamond Finance is a leading collateral-based alternative finance provider...Read More
RAPAPORT... Millennial consumers are independent, vocal, tech-savvy and used to getting what they want. They have disposable income and aren't afraid to spend it on things they believe add value to their lives, no matter the price tag. But successfully enticing this market into your store is not as easy as it was with their moms and dads, and retaining them can be even more difficult. That's...Read More
RAPAPORT... BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and a higher average price, the miner said Tuesday.The improvement was the result of a new initiative the miner implemented at its Kareevlei deposit in South Africa to stabilize production and offset the impact of the rainy season, during which operations are difficult.Revenu...Read More
Russian diamond major Alrosa has announced that it has started test drilling at the Mir kimberlite pipe, which was partly flooded in 2017, leading to the death of eight workers.The test drilling forms part of its strategic investment plan to study the feasibility of resuming production at the mine. The earliest that the Mir underground mine could reopen will be in 2030, the company has pointed out...Read More
The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its ‘Mining and Metals 2020’ survey report.According to the report, miners spent 2019 navig...Read More
The artisanal and small-scale mining (ASM) sector is in need of formalisation in order to establish itself as a legitimate source of diamond supply; however, faced with complex mining ecosystems and operating conditions that are vastly different from the large-scale diamond mining sector, De Beers says “the approach to supporting formalisation must be tailored, incremental and robust”....Read More
Aim-listed BlueRock Diamonds turned a profit for the first time during the second half of the 2019 financial year, the success of which was based on the diamond producer having sold 12 675 ct of diamonds for the year, marking an increase of 118% over the year before.While grades and prices per cart had also improved, BlueRock on Tuesday noted that its production volumes had increased by 70% y...Read More
(IDEX Online) - Holiday retail sales grew 4.1 percent year-over-year to $730.2 billion, reported the National Retail Federation (NRF). This result is in line with the NRF's October forecast that sales would rise between 3.8 percent and 4.2 percent for a total of between $727.9 billion and $730.7 billion.That forecast also called for online sales to increase between 11 percent and 14 percent t...Read More
RAPAPORT... Alrosa's unusual diamond-within-a-diamond formed when material partially dissolved over millions or billions of years, according to a report by the Gemological Institute of America (GIA).The GIA's team, which examined the stone at its New York lab, found that over time, approximately 0.11 carats of diamond disappeared through two small channels that extended from the surface of th...Read More
RAPAPORT... BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and a higher average price, the miner said Tuesday.The improvement was the result of a new initiative the miner implemented at its Kareevlei deposit in South Africa to stabilize production and offset the impact of the rainy season, during which operations are difficult.Revenu...Read More