Leo Schachter (1924), a prominent diamantaire and founder and owner of Leo Schachter Diamonds, passed away on May 11, 2019. He established Leo Schachter Diamonds in New York in 1952. The company became a global leader in the midstream, from diamond manufacturing to jewelry setting. The Israeli branch of the firm belonged to the country's top exporters since the early 1980s. As second generat...Read More
Junior miner Lucara Diamond Corp reported its results for the quarter ended March 31, 2019. The company said that with respect to all mining and processing activities it recorded the best quarter in the Karowe mine's history. It recovered 132,336 carats, achieving a recovered grade of 15.9 carats per hundred tons processed. Among these were a 240-carat top white gem and a 223-carat high white...Read More
RAPAPORT... Cartier and Van Cleef & Arpels have filed a lawsuitagainst a Florida jeweler, claiming willful infringement on a number of theluxury jewelers' famous trademarked collections. Scott King Inc., registered for business as Florida Diamond Brokers andKing Jewelers, allegedly sold imitations of jewelry belonging to theRichemont-owned divisions, the May 6 suit, filed in the US Distri...Read More
RAPAPORT... Leo Schachter, whose famed international diamond company has borne his name for almost 70 years, has died. Schachter launched Beck and Schachter Company on New York's47th Street in 1952, having learned the trade from his father, Max. The firmbecame a De Beers sightholder in 1966, and expanded beyond the US to Israel,Africa and the Far East. It remained a family business, with many of S...Read More
RAPAPORT... Shares in Mountain Province rose 12% Friday after it increased its production guidance for the Gahcho Ku?(C) deposit. The Canada-based miner has made plant modifications at thesite that will allow it to process between 3.2 million and 3.3million tonnes of ore in 2019. Mountain Province had previously stated it expected toprocess between 3.1 million and 3.2 million tonnes. The chan...Read More
RAPAPORT... The Dubai Multi Commodities Centre (DMCC) will offer rough lab-grown diamonds at tender for the first time, as it aims to diversify the emirate's trade. The sale, which will be run by Hong Kong-based diamondtrading firm Tony's Auction World, will feature 50,000 carats of synthetic stones created using chemical vapor deposition (CVD). The tender will take place in the Almas Tower a...Read More
RAPAPORT... Lucara Diamond Corp.'s revenue nearly doubled in the firstquarter, as it introduced a new tender process which enables it to sell its higher-value stones faster. Revenue rose 92% to $48.7 million, as sales volume increased50% to 95,057 carats. The average selling price climbed 28% to $512 per caratfor the three months ending March 31. During the quarter, the company's new c...Read More
The Australian Financial Review reported that according to filings with the Australian Securities and Exchange Commission (ASIC), that profits generated in 2018 by Rio Tinto's diamond mine Argyle rose to their highest levels in a decade. The Argyle diamond mine, which is scheduled to close in 2020, registered $370.6 million in revenue which was 26 percent higher than in 2017 and was the mine&...Read More
The Fancy Color Research Foundation (FCRF) concluded today the results of the Fancy Color Diamond Index' first quarter of 2019. the overall prices decreased by 0.2 percent in the first quarter of 2019, influenced by a decrease in the yellow category. pink diamonds increased by 0.5 percent, blue diamonds showed a very slight decrease of 0.2 percent, and yellow diamonds decreased by 1.5 percent...Read More
RAPAPORT... Gem Diamonds' revenue faltered during the first quarter, as it recovered fewer large diamonds from its Let??eng mine. Sales plunged 51% to $51.9 million for the three months ending March 31, as the average price dropped 42% to $1,900 per carat. During thesame period last year, the miner sold the 910-carat Lesotho Legend for $40million, raising the average price for the period...Read More
GIA is organizing two seminars of interest during the upcoming JCK LV show. Identifying Laboratory-Grown Diamond Seminar Learn the techniques used to identify laboratory-grown diamonds, including HPHT and CVD, through interactive, guided discussion and a hands-on lab. Previous Gemological training and/or experience is recommended. Friday, May 31 - two sessions available: 9:00 to 11:00 a.m. a...Read More
Two reportedly illegal diamonds miners were killed in clashes between protesters and Angolan security forces who they blamed for the deaths of other illegal diamond miners. The protests were staged in Calonda, in Lunda Norte province, after reports that 17 illegal miners had died in a diamond mine. The demonstrators argued these 17 miners had been killed by police, or by the mine's security f...Read More
RAPAPORT... Shares in Mountain Province rose 12% Friday after it increased its production guidance for the Gahcho Ku?(C) deposit. The Canada-based miner has made plant modifications at thesite that will allow it to process between 3.2 million and 3.3million tonnes of ore in 2019. Mountain Province had previously stated it expected toprocess between 3.1 million and 3.2 million tonnes. The chan...Read More
RAPAPORT... The Dubai Multi Commodities Centre (DMCC) will offer rough lab-grown diamonds at tender for the first time, as it aims to diversify the emirate's trade. The sale, which will be run by Hong Kong-based diamondtrading firm Tony's Auction World, will feature 50,000 carats of synthetic stones created using chemical vapor deposition (CVD). The tender will take place in the Almas Tower a...Read More
RAPAPORT... Lucara Diamond Corp.'s revenue nearly doubled in the firstquarter, as it introduced a new tender process which enables it to sell its higher-value stones faster. Revenue rose 92% to $48.7 million, as sales volume increased50% to 95,057 carats. The average selling price climbed 28% to $512 per caratfor the three months ending March 31. During the quarter, the company's new c...Read More
The Swiss Gemmological Institute SSEF has successfully age-dated the historic "Ana Maria Pearl" using carbon-14. This is the first time such a procedure has been conducted on a historic natural pearl, to provide valuable and new information on the age of a gem. The Ana Maria pearl will be up for auction at Christie's Magnificent Jewels auction on May 15, in Geneva. The jewel will be on publi...Read More
The Antwerp World Diamond Centre (AWDC) and Ars Nobilis, Belgium's - only - umbrella organization for the country's jewelry manufacturing and retail sectors, announced they will "join forces." AWDC explained in an email that "the members of Ars Nobilis will be able to call upon the services of the AWDC regarding legal advice, training, communication and security," and that the two organi...Read More
The organizers of the Fifth Mediterranean Gemmological and Jewellery Conference (MGJC) that will be held next week in Limassol, Cyprus, will hold a one-day seminar called "Diamond Day in Israel," at the Israel Diamond Exchange. The one-day event will include lectures about fancy colored diamonds and lab-grown diamond identification as well as the presentation of identification technology and instr...Read More
Chow Tai Fook (CTF), Hong Kong's leading jewellery corporation, announced it has established Chow Tai Fook North America (CTFNA) in Boston, MA. CTF said in a statement that its new "business hub" in North America is "positioned to be a leading, single source wholesaler by delivering products, services and know-how especially on technological innovations that help drive profitability and stren...Read More
The Dubai Multi Commodities Centre (DMCC) announced it will host the first-ever rough laboratory-grown diamond (LGD) tender at its Dubai Diamond Exchange (DDE) in Almas Tower, Dubai, United Arab Emirates (UAE). The tender is "in line with DMCC's strategy to attract, facilitate and drive new trade flows through Dubai," the DMCC said in a statement. Organised and managed by Tony's Auction Worl...Read More