The May edition of Forbes Afrique, the French-language version of the influential economic periodical that focuses specifically on African affairs, has listed Marie-Chantal Kaninda, Executive Director of the World Diamond Council (WDC), as one the continent's 100 most influential women. "With this fifth edition of Africa's 100 Most Influential Women ranking, the presence of African women...Read More
De Beers said on Monday it had launched a three-year partnership with Women in Engineering (WomEng), consumer goods company Unilever and professional services firm EY to develop the next generation of highly skilled female engineers. De Beers is investing US$315,000 over three years in programs that encourage young women to study science, technology, engineering and mathematics (Stem) subjects and...Read More
Mouawad unveiled its Mouawad Dragon Suite at an exclusive private viewing in the Mouawad Dubai Mall boutique on July 8. The Mouawad Dragon Suite comprises a necklace, bracelet, earrings, and ring showcasing five Fancy Vivid and Deep yellow diamonds totaling over 153 carats, and 432 colorless diamonds totaling over 272 carats. At the heart of the Dragon necklace is the 54.21 carat Mouawad Dragon d...Read More
The Times of India reported that India's Airport Authority (AAI) is set to open its state-of-the-art modular cargo terminal in the coming weeks. The terminal is a steel-based structure with a ground base of a 1,000 sq./m, with the same space on the building's first floor. The terminal has a cold storage facility for perishable goods as well as strong room, a facility that is of ut...Read More
RAPAPORT... Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million carats, the figures showed last week.Rough exports fell 1% to $49.52 billion, while volume declined 6% to 428.6million carats. India's rough i...Read More
Brent Eiseb, the new CEO of the Namibia Diamond Trading Company (NDTC) has made it crystal clear that under his watch, the NTDC will not hold any tenders or auctions of its rough diamond stocks. In an interview with the Windhoek Observer, he stated that the NDTC will distribute its rough through a Sight system. " This Sight System is premised on NDTC entering into long-term supply con...Read More
RAPAPORT...Sam Ziefer, a veteran of the jewelry industrywith 50 years of experience, has joined auction house Fortuna as executive vicepresident of business development. He will focus on building strategicpartnerships for the New York-based company and strengthening its marketposition across the US, it said Monday. Fortuna specializes in auctions ofjewelry and watches, and is planning "rapid...Read More
RAPAPORT... Rough-diamond prices are likely to fall 5% this year asweakness in the industry continues, Panmure Gordon analyst Kieron Hodgson haspredicted. The investment bank has lowered its expectations for themarket, having previously forecast price fluctuation in 2019 ranging from flatto a 2% decline. Mining companies' results from the first half were in linewith Hodgson's cautious view of the...Read More
RAPAPORT... Firestone Diamonds has recovered a 54-carat, intense-fancy-yellowrough diamond at its Liqhobong mine in Lesotho, it reported Monday. The sawable stone, the largest of its color Firestone has unearthed, will go on sale at the company's nexttender, which is due to take place in September. The miner's special-stone discoveries this year have included a white diamond weighing 70 carats, a...Read More
Alrosa, the world's leading diamond miner in volume, staged its second auction in Hong Kong this year, earlier this month. Auctioning only "specials," i.e. rough diamonds of weights exceeding 10.8 carat, the company sold 112 diamonds, at a total weight of 1910 carat. Revenue from these sales amounted to $10.3 million. The revenue of Alrosa's two auctions this year exceeded $20 million. F...Read More
A brochure that presents an overview of the most important changes to the Belgian Company Code is now available at the reception of the Antwerp World Diamond Centre (AWDC). Prepared and published by the Belgian Employers Federation (FEB/VBO), these brochures are available in English, French and Dutch, both in printed and digital formats. The new Belgian Company Code became law on May 1, 2019. The...Read More
Firestone Diamonds, an diamond mining company with operations in Lesotho, found a 54- carat, intense fancy yellow, sawable diamond in Liqhobong Mine in Lesotho. The diamond will go on sale at the company's next tender in September 2019. Firestone's CEO, Paul Bosma, said: "The Liqhobong mine has become known for its fancy yellow stones but this one is the largest we've recovered so...Read More
Vivien Johnston of the Dragonfly Initiative was appointed Supply Chain Ambassador to the Women's Jewellery Network (WJN) in recognition of her work supporting female jewelers across the value chain to achieve sustainability in their sourcing practices. The Dragonfly Initiative (TDI) is a consultancy that works across the depth of the supply chain, applying insights from 20 years of experience...Read More
De Beers Group on Monday announced the launch of a three-year $315 000 partnership with WomEng to develop the next generation of highly skilled women engineers.De Beers will invest the funds in programmes that aim to encourage young women to study science, technology, engineering and mathematics (STEM) and to pursue engineering careers in South Africa, Namibia and Botswana.AdvertisementDe Beers Gr...Read More
Firestone Diamonds has recovered a 54 ct intense fancy yellow, sawable diamond from its Liqhobong mine, in Lesotho.The diamond will go on sale at the next tender, which is scheduled to take place during September.Advertisement“The Liqhobong mine has become known for its fancy yellow stones, but this one is the largest we’ve recovered so far and is therefore quite special. Although cert...Read More
RAPAPORT... Firestone Diamonds has recovered a 54-carat, intense-fancy-yellowrough diamond at its Liqhobong mine in Lesotho, it reported Monday. The sawable stone, the largest of its color Firestone has unearthed, will go on sale at the company's nexttender, which is due to take place in September. The miner's special-stone discoveries this year have included a white diamond weighing 70 carats, a...Read More
Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine in the Kimberley region of South Africa, achieved record production of 3 516 ct in the second quarter, four times the 875 ct produced in the second quarter of last year.“I am very pleased with the impact that our new CEO at Kareevlei and his team have made,” BlueRock executive chairperson Mike Houston comm...Read More
RAPAPORT... Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4 million carats, the figures showed. Russia remained the world's principal source of rough, despiteits recoveries fal...Read More
RAPAPORT... India's Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation's latest Union Budget, warningthat the failure to reduce high duties on gold and diamonds will result in furtherjob losses. The council had been lobbying for a reduction in import dutyon polished diamonds in a bid to boost the value of subsequent shipments out ofthe country. It had...Read More
RAPAPORT... Trans Hex is considering a buyback program for minority shareholders ahead of its potential delisting from the Johannesburg Stock Exchange (JSE).The South African miner stated an intention to repurchase its issued share capital for ZAR 1 ($0.07) per share in an announcement Friday. The offer is open to about 20% of shareholders, but excludes a consortium made up of Cream Magenta 1...Read More