RAPAPORT... Gem Diamonds has recovered two diamonds weighing more than100 carats from its Let??eng mine in Lesotho. The miner found a 120-carat, high-quality, white, type IIa diamond onNovember 20, and a 125-carat, low-quality stone on November 19, it said. The stones are the ninth and 10th of that magnitude for the company so farthis year. It recovered five high-quality white stones and thre...Read More
RAPAPORT... Gemfields raised $27.2 million at its November sale of emeralds, capping offthe miner's second-highest annual results in 10 years. The miner sold 320,000 carats of rough emeralds at anaverage price of $85 per carat, the highest at any Gemfields emerald auction.Some 87% of lots found buyers. The Singapore sale also set a company record for the highest number of bidders, at 48. Man...Read More
PERTH (miningweekly.com) – Mining major Rio Tinto this week tendered a collection of 64 rare pink and red diamonds from its iconic Argyle mine, in Western Australia.The 2019 collection, the thirty-fifth tender since the mine began production, saw double digit growth in the number of bids, with successful bidders coming from nine countries, the miner said.Advertisement“The 2019 Argyle p...Read More
The World Diamond Council (WDC) says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week.The meeting was expected to discuss the end of the KP’s three-year reform and review cycle, including the future of the much-anticipated reform agenda.AdvertisementThe KP i...Read More
Market sentiment improves as focus shifts to retail aheadof Thanksgiving weekend. Jewelers preparing Black Friday promotions, withstrong emphasis on e-commerce. Department stores and mall-based retailersoffering heavy online discounts to entice customers. A lot of diamonds out onmemo. Dealers maintaining firm prices for RapSpec A3+ diamonds, with positivetrend in dossiers as reduced manufacturing...Read More
Surat manufacturing backto normal as most workers have returned after Diwali break. Steady rough demandas factories raise polished production. Shortages in select RapSpec A3+ diamondswith no fluorescence. Overseas buyers, mainly from Israel and China, lookingfor SI to I1 goods, with some improvement in 0.30 to 0.50 ct., G-J, VS-SIstones. Local jewelry market relatively slow as wedding season begin...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation's 2019 congress in Bahrain, which took place from November 18 to 20. The committee will include members of an existing working group that comprises CIBJO officers, as well as representat...Read More
(IDEX Online) - The World Jewellery Confederation, CIBJO, has established a new laboratory-grown diamond committee. The new committee will establish operating practices specific to the lab-grown trade. It will operate under the umbrella of the organization's Diamond Commission and is being formed from an ad hoc group working established last year that included CIBJO officers and official...Read More
RAPAPORT... Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring will lead the December 9 sale, the auction house said Wednesday. An assortment of colorless diamonds will also go under thehammer, includ...Read More
(IDEX Online) - Miner Zultgems has sold its private collection of Zultanite to jeweler Kat Florence and Provenance Gems USA in a bid to raise capital to relocate a lost Zultanite vein. The company has been struggling to find this vein for the past three years.Florence acquired the larger pieces of the collection while Provenance Gems, which has retail locations throughout the U.S and Caribbea...Read More
RAPAPORT... Tiffany & Co. has appointed former Barneys New York CEODaniella Vitale as executive vice president and chief brand officer, a newlycreated role that combines merchandising and marketing, Bloomberg reported. Vitale left the department store earlier this month,after it filed for bankruptcy and subsequently sold to Authentic Brands Group. "In her time at Barneys, Daniella was an arbi...Read More
(IDEX Online) - Jewelers of America (JA) has announced that its second annual National Convention will focus on the future of the jewelry retail marketplace.The two-day Convention will feature keynote speakers, seminars from experts both inside and outside the industry, Diamond Detection and Retail Innovation Labs that will bring together leading companies and technologies that can help retailers...Read More
WINDHOEK – Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023.Diamond mining is the largest taxpayer in Namibia and generates 20% of the Southern African country's export earnings.AdvertisementDiamonds have been m...Read More
The unusual "diamond in a diamond" that Russian miner Alrosa mined earlier this year, will not be put up for sale and will remain in the company's collection of rare finds.The collection already includes a skull-shaped rough diamond and a football-shaped rough diamond that were mined in recent years.AdvertisementThe latest addition to the rare-find collection resembles a traditional Russian Matryo...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation's 2019 congress in Bahrain, which took place from November 18 to 20. The committee will include members of an existing working group that comprises CIBJO officers, as well as representat...Read More
RAPAPORT... Rio Tinto saw a double-digit increase in the number of bidsat its 2019 Argyle Pink Diamond Tender, the company reported Wednesday.The miner offered two collections at the tender, with one buyer acquiring all 64 lots of the Everlasting Collection, comprising 211 carats of smaller diamonds. The center piece Hero stones included six pink and red diamonds weighing 1.07 carats to 2.01 carat...Read More
RAPAPORT... Zvi Yehuda is a man of few words, but his accomplishments inthe diamond industry speak volumes. The 82-year-old Israel native is thecreator of numerous inventions that have changed the face of the trade, andeven the face of diamonds themselves. Yehuda first learned about diamonds in 1953 as a precocious16-year-old. His father, wanting to break into a sector that was closed tothose not...Read More
RAPAPORT... Lucapa Diamond Company has unearthed two rough diamondsweighing more than 100 carats from its Mothae mine in Lesotho. The 220- and 127-carat stones, which are low-quality diamonds, werefound during the treatment of recovery tailings - ore that has already beenprocessed once. They are the second and third stones weighing more than 100carats recovered from Mothae since Lucapa began comme...Read More
RAPAPORT... Belgium's diamond trade slowed at a higherrate in October, reflecting global market weakness. Polished exports fell 30%to $671 million, compared with a 25% drop in September.Rough shipments also slumped, according to data from the Antwerp World DiamondCentre.Belgium Trade Data for October 2019 Read More
(IDEX Online) - Studs, a new ear piercing experience that opened its first brick and mortar location in New York City yesterday, also announced it has raised $3 million in seed funding.The funding, which was led by First Round Capital with participation from Lerer Hippeau and angel investors will be used for building retail locations, enhancing the ecommerce experience and expanding the Studs team...Read More