Cost estimating is a niche practice in any industry; however the mining business brings unique challenges. Cost estimating must be considered at nearly every stage of a project's development to inform investors and to de-risk decisions.Investors need the comfort of knowing that project decisions are as unbiased as possible, from the first resource definition through to development. Exploration...Read More
Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has completed the acquisition of Fordia Group Inc., a Canadian manufacturer of exploration drilling tools.Fordia Group is based in Montreal, Canada, and has sales in more than 70 countries. It provides exploration drilling tools such as diamond bits, down-the-hole tools, drill rods and drill cas...Read More
The Diamond Producers Association (DPA), announced today the appointment of Kristina Buckley Kayel as Managing Director of its North American division.Buckley Kayel, who assumes her new role on Feb. 4, 2019, will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, with a focus upon the "Real is Rare. Real is a Diamond." platform, as well as...Read More
Happy New Year! Diamond trade ends relatively good year with1 ct. RAPI +0.7% despite weak 2H. Diamond manufacturers cautious amidexpectations of continued midstream consolidation due to bankruptcies andmergers. Dealer market quiet over New Year holiday. Polished suppliers start2019 with high inventory of small goods up to 0.30 ct. Total diamonds listed onRapNet +24% year on year to 1.5M on Jan. 1....Read More
Polished trading down, with few foreign buyers inthe market over Christmas-New Year. Suppliers holding prices firm during lull,but willing to discount on very old stock. Manufacturers raising polishedproduction, but wary due to high inventory levels. Consolidation expected thisyear as bankruptcy rumors persist. Jewelry sales stable during ongoing weddingseason. RoundRead More
RAPAPORT... Two Indian trade groups have agreed to promote the country'sjewelry in the United Arab Emirates (UAE). The Gem & Jewellery Export Promotion Council (GJEPC) andthe Metals and Minerals Trading Corporation of India (MMTC) have entered apartnership aimed at stimulating interest in Brand India in the Gulf country,the GJEPC said Wednesday. GJEPC chairman Pramod Agrawal met with Ved...Read More
RAPAPORT... Nilesh Sheth has been reelected as president of the IndianDiamond & Colorstone Association (IDCA), the organization said Wednesday. Sheth, who is president of Nice Diamonds, was voted in unanimouslyat the New York election on December 12. Members elected Sujan Doshi from S.A. Diamonds as vice president to succeed Rakesh Barmecha. The board's executive committee will also include R...Read More
RAPAPORT... Data can be exhilarating. Earlier this week, Avi Krawitz,Rapaport's News Editor and Senior Analyst, called this reporter over to look athis screen, as there was something exciting on it. The attraction was a linechart of the RapNet Diamond Index (RAPI?,,?) for 1-carat diamondsthroughout 2018, showing that the peak price on July 6 coincided exactly withthe day the US implemented its fir...Read More
RAPAPORT PRESS RELEASE, January 3, 2019, New York... The diamond trade ended 2018 with greater uncertainty than at the beginning of the year. Diamond prices softened in the second half amid fears the US-China trade war would impact discretionary spending. Sentiment softened as the Dow Jones Industrial Average fell 6% for the year, with concerns that investors would experience a negative wealth eff...Read More
(IDEX Online) - The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has appointed Kristina Buckley Kayel as Managing Director of its North American division. Buckley Kayel assumes her new role on February 4, and will be responsible for developing and implementing the DPA's consumer marketing and communications strategy, wi...Read More
(IDEX Online) - The Indian Diamond Color & Colorstone Association (IDCA) Board of Directors has unanimously re-elected Nilesh Sheth of (Nice Diamonds) as President. Sujan Doshi (S. A. Diamonds, Inc.) was elected as the Vice-President; Shekhar Shah (Real Gems, Inc.) will take over as Secretary and Shiksha Naheta (Empresa Jewels) will join as the Jt. Secretary, while Rajeev Pandya (Ashi D...Read More
(IDEX Online) - Gem Diamonds has recovered a 125-carat high-quality white, Type IIa diamond from the Let??eng mine in Lesotho. The diamond, recovered on 20 December, is the fifteenth stone greater than 100 carats to be recovered in 2018, the miner said. On December 19, the firm announced the recovery of high-quality 101 carat and 71 carat white Type IIa diamonds which were found with...Read More
As a general rule, the most successful man in life is the man who has the best informationWe probably have more rare earth deposits in Canada, or controlled by Canadian-listed juniors, than anywhere in the world. But Spectrum Mining Corporation, a private company, controlled one of the best - the Wicheeda Lake REE claims 80km north of Prince George, BC.Wicheeda LakeIn 2008 Spectrum contracted Falc...Read More
RAPAPORT... Hong Kong's jewelry exports are expected to slow in 2019 after strong growth last year, due to sluggisheconomic conditions, the municipality'strade body has warned. "Less robust economic growth is likely to affect Hong Kong'sjewelry exports," predicted Alice Tsang, assistant principal economist at theHong Kong Trade Development Council (HKTDC). Shipments of precious jewelry rose 1...Read More
RAPAPORT... Luxury, and jewelry in particular, is a curious industry. On the one hand, itprovides aspirational products and exclusive experiences to consumers; on theother hand, many brands treat consumers very literally: merely as a source ofconsumption. While there are many examples of luxury brands turningrazor-sharp consumer insights into products that not only resonate with, butactually...Read More
RAPAPORT... Diamond-related shares mainly fell in 2018, in line with aglobal stock-market downturn. Investors fretted about trade tensions, uncertainconsumer demand and the impact of the US Federal Reserve raising interest ratesin December. The S&P 500 index ended the year more than 6% down, while HongKong's Hang Seng slid 14%. It wasn't all bad: Some diamond miners did well, whileretail offer...Read More
(IDEX Online) - The IDEX polished diamond price index was flat on the month in December. &nbs...Read More
RAPAPORT... Hong Kong's jewelry exports are expected to slow in 2019 after strong growth last year, due to sluggisheconomic conditions, the municipality'strade body has warned. "Less robust economic growth is likely to affect Hong Kong'sjewelry exports," predicted Alice Tsang, assistant principal economist at theHong Kong Trade Development Council (HKTDC). Shipments of precious jewelry rose 1...Read More
RAPAPORT... Luxury, and jewelry in particular, is a curious industry. On the one hand, itprovides aspirational products and exclusive experiences to consumers; on theother hand, many brands treat consumers very literally: merely as a source ofconsumption. While there are many examples of luxury brands turningrazor-sharp consumer insights into products that not only resonate with, butactually...Read More
RAPAPORT... In the retail industry, "The customer is always right" haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start? What does the general public look for when making a purchase? Andwhat is everyone talking about when they say the new-age consumer is lookingfor an "experience"?T...Read More