(IDEX Online) - Firestone Diamond plc has recovered a 46-carat white, makeable diamond from its Liqhobong mine in Lesotho. The stone was recovered undamaged and will go on sale at the next tender which is scheduled to take place at the end of January 2019, the firm said. The company added that pricing for smaller, lower value stones (-3 grainers) at the recent sale which was conclud...Read More
(IDEX Online) - Dominion Diamond Mines said it has recovered the largest known gem-quality diamond ever found in North America weighing 552 carats. The yellow Canadamark?,,? diamond was unearthed in October at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada's Northwest Territories. The find far surpasses the previous record held by the D...Read More
RAPAPORT... US e-commerce sales grew 19% in the first five weeks of theholiday season, making it the biggest online-shopping period of all time,according to Adobe Analytics. Revenues came to $80.3 billion between November 1 andDecember 6, compared with $67.7 billion a year ago, thedata provider told Rapaport News Thursday. Sales by smartphone grew 55% to $23.7 billion. Shopping onmobile devices a...Read More
Canada's Dominion Diamond Mines and Rio Tinto shocked the market on Friday by unveiling what is believed to be the largest diamond ever found in North America, measuring in about the size of a chicken-egg.The 552-carat yellow gem quality stone, unearthed in October, measures around 3cm by 5.5cm, almost three times the size of the next largest stone ever found in Canada, Dominion - which owns 40% o...Read More
Shares in Africa-focused Firestone Diamonds (LON:FDI) shot up more than 14% on Friday after the company announced it had recovered a 46-carat white diamond at its 75%-owned Liqhobong diamond mine in Lesotho.The gem-quality stone was recovered undamaged, the miner said, and will be sold at the next tender in January.Firestone, one of the four African diamond producers part a potential four-way me...Read More
Firestone Diamonds has recovered a 46 ct white diamond, from its Liqhobong mine, in Lesotho.The diamond was recovered undamaged and will go on sale at the next tender, which is scheduled to take place at the end of January 2019.AdvertisementIn a statement on Friday, the company also reported a stabilisation in pricing for the smaller, lower-value diamonds on offer at a sale concluded on December 7...Read More
Media coverage of the diamond industry in 2018 has been dominated by the inroads made in terms of laboratory-created diamond production and distribution, as well as their pricing dynamics, independent diamond expert Paul Zimnisky observed in a statement on his website, published last month. He commented that several new players had entered the synthetic-diamond space, and that improved production...Read More
The Angolan government in early December approved the new regulations concerning the commercialisation of diamonds, the Macauhub news agency has reported.The country’s Council of Ministers (Cabinet) approved the regulations on December 5. The official title of the new set of rules is the Technical Regulation of the Commercialisation of Rough Diamonds.AdvertisementStrategic ObjectivesThe new...Read More
LONDON – The biggest diamond ever found in North America has been unearthed by Dominion Diamond Mines and Rio Tinto Group at a mine in Canada’s frozen north.The 552 ct yellow gem was found at the Diavik mine in the Northwest Territories, and is almost three times the size of the next largest stone ever found in Canada. While Diavik and the neighboring Ekati mine produce some...Read More
De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.Zimbabwe has been working t...Read More
Dealers and jewelers optimistic for last-minute holiday sales. Multi-channeldigital and experiential retail are key themes this season, with rising numberof pop-up stores and webrooms. Trade shifting east, with improving Chinese NewYear demand. Some caution for 2019 as US-China trade war, volatile stock marketand higher interest rates could impact consumer sentiment. Prices of 0.30 ct.diamonds pre...Read More
RAPAPORT... De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week's sightin Botswana, proposing to let them refer to its supply as "DTC diamonds" whenthey sell the goods further along the pipeline, a company spokespersonconfirmed. De Beers w...Read More
Cautious sentiment as trading slows ahead of theChristmas break. Fewer foreign buyers in the market. Demand concentrated onSI-I1 goods. Rough market restrained as manufacturers are holding largepolished inventory, particularly lower-value goods. Small diamond and jewelry businesses under stress due toweaker rupee, tight credit and low profit margins. POLISHED:Read More
RAPAPORT... Jewelry sales at Christie's garnered a combined $492.3million this year, driven by expensive blue and pink diamonds. The company's top-selling piece was the Winston Pink Legacy,a rectangular-cut, 18.96-carat, fancy-vivid-pink diamond, which sold in Genevalast month for $50.4 million. Other top lots for the year included apear-shaped, 8.01-carat, fancy-vivid-blue, internally flawless di...Read More
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) held a rough diamond tender from the November 26 to December 4 at the Dubai Diamond Exchange in the Almas Tower, Dubai., selling 97,841 carats for $46.4 million. The company reported that two regular productions of high quality and high color material from South Africa and Angola were offered for sale, as well as several significant special s...Read More
RAPAPORT... Fortuna recorded its largest auction to date as a blue diamond ring fetched $1.4 million in New York earlier this month. The pear-shaped, 3.05-carat, fancy-intense-blue, SI2-claritydiamond ring surrounded by pink diamonds had a presale estimate of $1.2 millionto $1.8 million. That piece led Fortuna's Magnificent Jewels sale, which garnereda total of $4 million, with 83% of lots s...Read More
RAPAPORT... Trans Atlantic Gem Sales (TAGS) sold $46.4 million worth ofrough diamonds during a tender in Dubai in late November and early December, itsaid Wednesday. The company sold 97,841 carats of high-quality stones frommines in South Africa and Angola for an average price of $474 per carat. Thecompany extended its final bidding deadline due to strong interest, it said. "Through 2019 we...Read More
HARARE/LONDON – De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment.Adver...Read More
JSE-listed diamond miner Trans Hex reported a group net profit of R52-million for the six months ended September 30, compared with the R199-million loss reported for the six months to September 30, 2017.The company managed to raise its earnings a share to 37.6c apiece, compared with a loss of 89.7c apiece in the prior comparable period.AdvertisementSales revenue from the South African operations i...Read More
RAPAPORT... Jewelry sales at Christie's garnered a combined $492.3million this year, driven by expensive blue and pink diamonds. The company's top-selling piece was the Winston Pink Legacy,a rectangular-cut, 18.96-carat, fancy-vivid-pink diamond, which sold in Genevalast month for $50.4 million. Other top lots for the year included apear-shaped, 8.01-carat, fancy-vivid-blue, internally flawless di...Read More