(IDEX Online) - Lightbox, the lab-grown diamond fashion jewelry brand owned by De Beers, will soon be available at select Bloomingdale's department stores and Reeds Jewelers locations. It's a big departure for the brand, which has only been available online or at promotional pop-up stores.According to an article in Forbes, the initial trial roll out includes Bloomingdale's 59th Stre...Read More
(IDEX Online) - Las Vegas-based AGS Laboratories has added a digital grading report option to its services. The documents are formatted in the same way as a traditional printed report.The digital reports live on AGS Laboratories Only My Diamond (OMD), which gives consumers a video of the diamond, an explanation of the 4Cs, the diamond's clarity plot, laser inscription and sharing options.They...Read More
(IDEX Online) - Jean-Marc Lieberherr is stepping down from his role as CEO of the Diamond Producers Association (DPA) after leading the organization for four years. He will be succeeded by David Kellie, who has spent 14 years at Ralph Lauren and is currently head of U.S. marketing at Watches of Switzerland. The DPA said Lieberherr will remain in his role until his contract period ends on Dece...Read More
(IDEX Online) - A necklace created by Chinese jewelry artist Anna Hu sold for $5.78 million at Sotheby's Magnificent Jewels and Jadeite auction in Hong Kong, smashing auction records with the highest price for a contemporary jewelry creation. The "Dunhuang Pipa Necklace", which was commissioned by Sotheby's, features a 100.02-carat fancy intense yellow diamond. The 18 karat white an...Read More
Subsequent to the launch of thenew VDrivePlus and AlphaDrive-Micro variable-speed drives(VSDs) from Hudaco Group company Varispeed, bearings and accessories distributor Bearings International (BI) has embarked on a training and sample-distribution campaign at its 50 BI branches in South Africa. Two training sessions have been conducted at BI’s head office inBoksburg, Gauteng, with a furthert...Read More
The $2-billion Venetia Diamond Mine Underground project remains on track and within budget to achieve first production in 2021. At steady-state production, 5.9-million tonnes of ore will be treated in the existing process plant to produce some 4.5-million carats a year.Anglo American subsidiary De Beers Group hosted a Young Diamantaires Visit at the mine last month, providing the media and visitor...Read More
HARARE – London-listed Vast Resources will next week sign an agreement with Zimbabwe's state diamond mining firm to prospect and mine diamonds in the east of the country, the mines minister and a company official said on Friday.President Emmerson Mnangagwa's government is stepping up efforts to exploit its mineral resources to revive an economy crippled by triple-digit inflation and...Read More
Diamond market quietover Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week,with buyers looking for polished before Diwali break (Oct. 27). Shortages inRapSpec A3+, nonfluorescent goods as manufacturers maintain low production.China retail sales +8.5% during Oct. 1 Golden Week. Luxury brands shiftinghigh-ticket items from Hong Kong to Shanghai stores. LVMH 3Q jewelry &wa...Read More
RAPAPORT... The Diamond Producers Association (DPA) has unveiled amultimedia campaign tracing the entire story of a diamond from volcanic eruption to its purchase as jewelry.The new cinematic ads, titled "The Diamond Journey" and ranging from 15 seconds to threeminutes, are part of the organization's "Real Is Rare, Real Is a Diamond" series. The pieces highlight the connection between diamond...Read More
RAPAPORT... The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp's four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges as promotersof natural diamonds, explained Willy Rotti, president of the federation.Lab-grown will still be permitted in companies' offices, where...Read More
(IDEX Online) - Alrosa has appointed Evgeny Agureev as deputy CEO of Alrosa. Agureev will continue to lead the United Selling Organization, of which he is a director, and oversee the sales unit. In his new role, Agureev will continue to develop sales, improve efficiency and transparency and strengthen ties with long-term clients.Alrosa also announced that its sales of rough and polished diamo...Read More
(IDEX Online) - The International Council of Shopping Centers predicts that holiday spending will reach $832.3 billion, with 90 percent of shoppers spending in physical stores. This is a rise of 4.9 percent over last year, according to the annual Holiday Shoppings Intentions Survey, which also found that average holiday-related spending will total $683 per person.According to the survey, 97 percen...Read More
(IDEX Online) - Lucapa Diamond Company Limited reported strong production for both the Lulo and Mothae mines in the September 2019 quarter. The mines achieved a quarterly production record of 14,610 carats during the quarter, which the company says are in line with its strategy of expanding high-value diamond production to maximize revenue.Production increased 67 percent year-over-year at the Lulo...Read More
(IDEX Online) - The Responsible Jewellery Council has entered into a partnership with the United Nations Global Compact to develop best practice impact case studies for building awareness and educating key stakeholders across the jewellery supply chain from mine to retail on how businesses can contribute to the Sustainable Development Goals (SDGs).The RJC Code of Practices covers legal and regulat...Read More
South Africa's mining production decreased by 3.2% year-on-year in August."Due to its large weight in the mineral group basket of about 24%, the 12.5% year-on-year decline in the platinum group metals (PGMs) output subtracted three percentage points from the overall sector’s production decline.Advertisement"The other large negative contributors were diamonds, which decreased by...Read More
Russian diamond miner Alrosa has appointed Evgeny Agureev its deputy CEO to improve the supply chain of the company and look for new approaches to stimulate rough diamond sales.The 41 year old has been a director of the United Selling Organisation of Alrosa (USO) since 2017 and will continue to lead the USO and oversee the sales unit.AdvertisementIn his new position, Agureev will develop sales, im...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has generated a further A$15.5-million in revenue from diamond sales, bringing the combined 2019 sales figure to date to A$65.7-million from its Lulo and Mothae mines, in Angola and Lesotho respectively.The ASX-listed miner noted that 5 469 ct of Lulo diamonds were sold at the last auction for gross proceeds of A$8.9-million, representing an av...Read More
Diversified major Rio Tinto has completed the drilling of ten bulk trenches to conclude its sampling programme on Canadian junior Star Diamond’s Star kimberlite, using a new technology.The trench cutter sampling rig that Rio Tinto Exploration Canada (RTEC) used at Star, which is located in the Star-Orion South diamond project in Saskatchewan, has a design sampling depth of 250 m below the su...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has set production records in the three months to September, with the ASX-listed company recovering 14 610 ct during the period under review.Production at the Lulo alluvial mine, in Angola, reached 7 603 ct during the quarter, a 67% increase on the previous corresponding period, while the Mothae kimberlite mine reported its highest quarterly pr...Read More