RAPAPORT... Alrosa has reduced its full-year sales outlook amid weakerdemand for small stones in the second half, the miner said Thursday. The company expects to sell 37 million to 38 million caratsthis year, down from the 39 million to 40 million carats it forecast in June. The miner has seen a shift to higher-value diamonds thisyear as the smaller categories performed less positively. Revenue g...Read More
(IDEX Online) - ALROSA, the world's leading diamond miner in volume terms, has revised downwards its guidance for 2018 sales to 37 million-38 million carats due to weaker demand for small-size rough diamonds in the second half of this year. The key highlights for the first nine months of this year are: Revenue increased by 11% on the back of higher price index and average diam...Read More
RAPAPORT... The future of US manufacturing is the focus of RapaportMagazine's November cover feature, with interviewees from across theindustry lending their views on the matter. US companies are increasingly sending work to overseasmanufacturers for cost reasons. Reversing that trend requires a multi-prongedapproach, jewelers say. "Bringing manufacturing back to the United States ispossible...Read More
(IDEX Online) - The American Gem Society (AGS) has announced its keynote and featured speakers for its annual Conclave to be held in Seattle from April 8-10. This year's lineup includes: Monday: The Opening Session lunch kicks off with Dan Thurmon, a speaker, author, and performer. Dan is president of Motivation Works, Inc. and author of Success in Action. His presentation juxtaposes...Read More
Tsodilo Resources has received the results of an independent modelled grade and diamond value for an aggregate 77.94 ct parcel of 502 commercial size diamonds.These were recovered during large diameter drilling (LDD) from four kimberlite units at the BK16 kimberlite pipe, in the Orapa Kimberlite Field (OKF), in Botswana.AdvertisementThe current LDD sample average price is $176.44/ct, derived from...Read More
Russia's Alrosa (MCX:ALRS) just recovered the first large gem-quality rough diamond from its Verkhne-Munskoe deposit, which recently launched operations in Western Yakutia.In a press release, the world's top diamond producer said the transparent round-shaped octahedron crystal with insignificant yellow hue was recovered from Zapolyarnaya pipe - one of four kimberlite pipes of the deposit. The dep...Read More
Anglo American Plc is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent, including searching for copper and cobalt in Angola and Zambia. In South Africa, it's investing in platinum...Read More
Botswana Diamonds (LON:BOD) has signed a contract with Palaeo Minerals covering full-scale mining activity at the Thorny River project in South Africa, which the company believes will become its first operating mine.The agreement, which sees Botswana Diamonds handing over control to the contractor, will allow the company to self-fund the project from bulk sampling through to mine development, it s...Read More
RAPAPORT... Diamcor Mining will put an additional 5,336 carats of roughrecovered from its Krone-Endora at Venetia project on sale in November. The stones are in addition to the 2,607 carats from regularprocessing the miner reported in September, it said Tuesday. The companyrecovered the extra rough while completing planned refinements to the asset'sscreening systems. Of the supplementary ston...Read More
RAPAPORT... Namibia's rough-diamond division is expanding its client base, after seeing strong sales in its first year of operations. Namdia garnered revenue of NAD 2 billion ($142.8 million) in the 12 months that ended February 28, and last week declared a dividend of NAD 50 million ($3.6 million) to the government. It reported an after-tax profit of NAD 139.4 million ($10 million)."Our clie...Read More
RAPAPORT... The pace of sales of jewelry and other luxury items slowed in Hong Kong in September, as poor weather and trade fears drove down tourismtraffic to the municipality. Sales rose of 2.2% to HKD 6.15 billion ($785 million) for jewelry, watches, clocks and other valuable gifts, according to data from the Census and Statistics Department. The growth was well below the 20% increase it ha...Read More
(IDEX Online) - Lucapa Diamond Company and Bonas-Couzyn are to tender production from the Mothae mine in Lesotho in Antwerp. Mothae is located in the diamond-rich Maluti Mountains within 5km of Letseng, the world's highest US$ per carat kimberlite diamond mine. Lucapa owns 70% of the high-value Mothae kimberlite project in Lesotho in partnership with the government of Lesotho (30%)....Read More
The newly commissioned Verkhne-Munskoe deposit, in western Yakutia, has yielded its first large diamond, Russian miner Alrosa reported on Wednesday, announcing the recovery of a 51.49 ct rough diamond.The transparent round-shaped octahedron crystal has an insignificant yellow hue and measures 23 mm by 22 mm by 15 mm.Advertisement"It is the first rough diamond over 50 carats from Verkhnyaya Mu...Read More
(IDEX Online) - ALROSA said it has recovered the first large gem-quality rough diamond from Verkhne-Munskoe deposit that was commissioned on October 31. The transparent round-shaped octahedron crystal with insignificant yellow hue was recovered from Zapolyarnaya pipe - one of four kimberlite pipes at the deposit. The 51.49-carat rough diamond measures 23 by 22 by 15 mm. The approximate age...Read More
(IDEX Online) - Vicenza's Museo del Gioiello jewelry museum - a project promoted by the Italian Exhibition Group (IEG) in partnership with Vicenza Municipality - is changing its entire collection. The new collection features 310 unique exhibits, many of which belong to private collections that are not usually accessible to the public or to sector insiders. The Museo del Gioiello is...Read More
The share price of diversified junior Savannah Resources jumped 6% on Wednesday on news of three newly discovered pegmatites at the Pinheiro deposit at the Mina do Barroso (MdB) lithium project, in northern Portugal.Pinheiro is now the fourth major deposit in the mining lease and has the potential to increase the mineral resource estimate to more than 20-million tonnes, for over 200 000 t of...Read More
(IDEX Online) - Richline Group, a wholly owned subsidiary of Berkshire Hathaway, is partnering with JCPenney and Macy's to introduce Grown With Love, lab grown diamonds this holiday season. "The category of lab grown diamonds is revolutionizing the diamond industry. As the name implies, these diamonds are grown in a lab and are chemically, physically and optically identical to mined diamond...Read More
Quebec miner Stornoway Diamonds is investigating a potential new openpit at the Renard diamond mine, which earlier this year transitioned to underground operations.The new openpit being studied is located at the Renard 4 and nearby Renard 9 kimberlites and will supply ore feed earlier in the mine life. Such a pit, the company said on Wednesday, would allow the extraction of about two-million carat...Read More
JOHANNESBURG – Anglo American is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent, including searching for copper and cobalt in Angola and Zambia.AdvertisementIn South Afri...Read More
Botswana Diamonds has concluded a mining contract with Palaeo Minerals, covering both bulk sampling activities and future full-scale mining, at the Thorny River project, in South Africa.Palaeo is an experienced mining contractor that operates in South Africa and Zimbabwe.AdvertisementThe contract will enable Botswana Diamonds to self-fund the Thorny River project from bulk sampling through to mine...Read More