Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
The world's top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than two years.The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing plant No 12 of Udachny mining and processing division, th...Read More
RAPAPORT... The Gemological Institute of America (GIA) has appointedMatthew Tratner global director of business development. Tratner will be responsible for expandingand deepening the GIA's relationships with retailers and other stakeholders. "Matt's industry experience will play an invaluable role aswe work to meet the needs of the gem and jewelry industry, and further ourmission of en...Read More
RAPAPORT...Martin Rapaport called on traders to develop a niche andfocus on providing customers with their precise needs, as he addressedattendees at the International Diamond Week in Israel (IDWI)."The idea that you have a specialized area where you arethe best...is a very healthy place to be, assuming there are customers for it," the Rapaport Group Chairman said Monday in apresentation at the Is...Read More
RAPAPORT... Alrosa has unearthed a rough stone weighing nearly 200carats from its Udachnaya pipe, its largest in more than two years, the companysaid Tuesday. The 191.46-carat stone, which is white with a slightyellowish tinge, was found earlier this month at the asset's N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago, it said. "Suc...Read More
RAPAPORT... Swiss watch exports fell in December, with a sharp declinein China outweighing growth in other markets. Outbound shipments slid 2.8% year on year to CHF 1.63billion ($1.64 billion), the Federation of the Swiss Watch Industry reportedTuesday. "Half of the 30 most important markets grew in December, butnot enough to compensate for the decline in other outlets," the federationsaid....Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $505 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2019. The figure was substantially lower than the year-earlier figure of $672 million. Bruce Cleaver (pictured above), CEO, De Beers Group, said: "Rough diamond sales during the first sales cycle of 2019 were lower than those f...Read More
RAPAPORT... De Beers' rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold a year ago, the companyreported Tuesday. January is typically one of the biggest sales periods of theyear for rough, as retailers and dealers restock aft...Read More
(IDEX Online) - A rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019, said diamond giant ALROSA. The gemstone had dimensions of 40x31x20 mm and a weight of 191.46 carats. It was extracted at the processing plant N12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge. "Such lar...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) announced the 2nd season of Bharat Diamond Sports League (BDSL Season -2) on 17th January at the Convention Hall, Bharat Diamond Bourse. The Bharat Diamond Sports League is an initiative taken by the Bharat Diamond Bourse to bring its members closer via sporting activities. Anoop Mehta, president of BDB, welcomed all the 13 participati...Read More
Quebec diamond miner Stornoway Diamond Corporation has appointed Patrick Sévigny to the position of VP for operations, effective immediately.With more than 25 years of experience in the sector, mining engineer Sévigny joined Stornoway in January 2015 as manager of mining operations at the Renard mine.AdvertisementTo watch Creamer Media's latest video reports, click here Advertis...Read More
Diamond producer De Beers on Tuesday reported that rough diamond sales in this year's first sale cycle had reached $505-million.This is $167-million less than the $672-million earned in the first sales cycle of 2018. Sales in the previous cycle – cycle ten of 2018 – reached $544-million.Advertisement“Rough diamond sales during the first sales cycle of 2019 were lower than th...Read More
RAPAPORT... Alrosa has unearthed a rough stone weighing nearly 200carats from its Udachnaya pipe, its largest in more than two years, the companysaid Tuesday. The 191.46-carat stone, which is white with a slightyellowish tinge, was found earlier this month at the asset's N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago, it said. "Suc...Read More
Russian diamond miner Alrosa has discovered its largest rough diamond in about two-and-a-half years, with the Udachnaya kimberlite pipe earlier this month delivering a 191.46 ct stone.The 40 mm by 31 mm by 20 mm diamond was extracted at the processing plant No 12 of Udachny mining and processing division.AdvertisementThe mined diamond is transparent, with a slight yellowish tinge."Such large...Read More
The 240-carat top white gem diamond recovered recently from the Karowe mine. (Image: Lucara Diamond)BOTSWANA - Earlier this month, Lucara Diamond Corp. recovered a 127-carat top white diamond from its Karowe mine. And the good new just keeps coming. This time the company has recovered a 240-carat top white gem from the same mine.Since mining began in 2012 at Karowe, a total of 43 diamonds heavier...Read More
RAPAPORT... Lucara Diamond Corp. has recovered a 240-carat, "top-white"rough stone from the high-value portion of its Karowe mine in Botswana, it saidMonday. The diamond is the second weighing more than 100 carats thecompany has found this year, after it unearthed a 127-caratstone earlier this month. The miner will put both diamonds up for tender in March, along with otherlarge stones it has...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
RAPAPORT... The Rapaport Group is organizing a trip to Sierra Leone for members of the diamond and jewelry trade wishing to gain insight into the artisanal mining sector.The visit will provide an opportunity to meet and interact with theartisanal digger community in the country. The mission willpromote greater understanding of the role of the artisanalsector inthe jewelry industry. It will hi...Read More
(IDEX Online) - Gemological Science International (GSI) announced that Co-Founder and President Debbie Azar has become the newest member of the 24 Karat Club. Since 1902, The 24 Karat Club, located in Manhattan, has fostered the interests of the jewelry industry. "With a profound belief that values and integrity are found in creating lasting relationships, The 24 Karat Club aligns with GSI...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the appointment of Regina Ciarleglio as Director of Membership. She will oversee the operations of the Membership Department, including membership development and retention. "We are thrilled to welcome Regina Ciarleglio to Jewelers of America," said JA...Read More