RAPAPORT... Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its establishment in 2000. His election at the WFDB comes after Dvashstood down earlier this year to focus on his role as president of the IsraelDiamond...Read More
(IDEX Online News) - The IDEX polished diamond price index was down slightly in October, declining very slightly during the month. &nbs...Read More
(IDEX Online) - ALROSA, the world's largest diamond mining company, will hold an auction of special size rough diamonds (over 10.8 carats) and polished diamonds it has manufactured in Ramat Gan from November 4-22. The results of the auction will be announced on November 26. The company will auction 127 large gem-quality rough diamonds with a total weight of 2,244 carats. More th...Read More
(IDEX Online) - Registration is now open for the eighth International Diamond Week in Israel (IDWI), to be held from January 28 - 30 at the Israel Diamond Exchange (IDE). The event has become a staple on the global diamond calendar, and attracts hundreds of international buyers from over 20 countries every year. IDWI is held on the large trading floor of the IDE. It will featu...Read More
(IDEX Online) - Vladimir Putin, the President of the Russian Federation, and Anton Siluanov, the First Deputy Prime Minister and the Minister of Finance, took part in the official ceremony dedicated to start of mining operations at the Verkhne-Munskoye diamond field in Yakutia. The new diamond field will operate for at least 20 years, ensuring reliable diamond production and providing work...Read More
(IDEX Online News) - There were relatively few changes in round diamonds in October. There were increases in 0.70-0.79 carat stones in G-I, IF, of 2-3%, and in 0.80-0.89 carat diamonds; G-H, IF-VVS2, of 1-3%; as well as in 1.25-1.49 carats, E-H, IF. Meanwhile, there were notable decreases in diamonds of 0.40-0.44 carats in D, IF-VS1, of 1-3%; in 2.00-2.99 carat stones, L, VVS1-SI1; of 2-3%,...Read More
Vancouver-based explorer Golden Arrow Resources (TSX-V: GRG) has entered into a Definitive Agreement with Mineria Activa SpA to acquire up to 100% of the Indiana gold-copper project in Chile. Indiana is located approximately 35 kms from Golden Arrow's new Atlantida copper-gold project.The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper vein-hos...Read More
Africa-focused Gem Diamonds (LON:GEMD) said Wednesday it's on track to meet its long-term targets, as third-quarter production rose 27% in the three months to Sep. 30, when compared to the same period last year.The company, which has found over a dozen of huge precious rocks at its flagship Let??eng mine in Lesotho this year, now expects to recover 120,000 carats to 124,000 carats of diamonds...Read More
Swedish engineering company Epiroc announced today that it will be supporting the work of Kimberley Ekapa Mining to help digitize the company's Kimberley underground mine, located South Africa's Kimberley town and whose yearly production reached 755,645 carats in June 2018.In detail, Kimberley Ekapa wants to implement Epiroc's Mobilaris Mining Intelligence, known as MMI, to enable situational awar...Read More
World's top diamond producer by output Alrosa (MCX:ALRS) said Wednesday it had begun production at its new Verkhne-Munskoye diamond field in eastern Siberia, which Russian President Vladimir Putin said would reinforce the state-controlled firm's position as a world leader.The Verkhne-Munskoye deposit, which has a 20-year productive life, will partly substitute suspended output at Alrosa's undergr...Read More
RAPAPORT... A blue diamond ring estimated at $9 million to$12 million will go under the hammer at Sotheby's Geneva auction on November 15alongside a roster of rare colored diamonds.The rectangular-cut, 5.04-carat, fancy-vivid-blue piece is oneofthree blue diamonds set to feature at the Magnificent Jewels and Noble Jewels sale.The auction will also include earrings containing a 2.61-...Read More
RAPAPORT... Bonhams's jewelry sale in Hong Kong will spotlight a rarenecklace featuring the largest collection of chameleon diamonds offered atauction, according to the company. The piece - which will lead the Rare Jewels andJadeite sale on November 25 - includes nine diamonds weighing atotal of 13.87 carats. The necklace carries a presale estimate of HKD 1.6million to HKD 3 million ($204,000...Read More
RAPAPORT... Gemfields has recovered a 5,655-carat emerald at itsKagem mine in Zambia, it said Monday. "The discovery of this exceptional gemstone is such animportant moment both for us and for the emerald world in general," said ElenaBasaglia, a gemologist at Gemfields in London. "We are experiencing strikinglyincreased demand for high-quality Zambian emeralds from the major brands,particularly in...Read More
RAPAPORT... Source-verification programs are poised to become a standard feature of diamond sales, with early adopters set to gain market share.The question of whether a diamond could be traced throughout the distribution chain initially met with some skepticism. Back in 2011, as rough production from Zimbabwe's controversial Marange fields was being cleared for export by the Kimberley Proces...Read More
RAPAPORT... Sears Holdings Corp. must pay suppliers for consignmentgoods its customers buy during the bankrupt retailer's closing-down sales,according to a court filing last week. Vendors, including diamond manufacturer Rosy Blue andjewelry supplier Vijay Gold Designs, had objected to the department store's previousclosure plans, as they feared Sears would sell off products they had shipped toit o...Read More
In line with its strategy of the early detection of large diamonds and reducing diamond damage, LSE-listed Gem Diamonds has approved the construction of a $3-million pilot plant, at Letšeng, in Lesotho, that will use innovative technology to identify diamonds within kimberlite ore and nonmechanical means of liberating the encapsulated diamonds.The pilot plant will be commissioned in the sec...Read More
(IDEX Online) - Gemfields said it has discovered a 5,655-carat emerald crystal which it says has "remarkable clarity and a perfectly balanced golden green hue" which it has named the 'Inkalamu', the Lion Emerald. Inkalamu was discovered at Kagem, the world's largest emerald mine, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia which belongs to the...Read More
Petra Diamonds has appointed former Diamond Trading Company CEO Varda Shine as an independent non-executive director with effect from 1 January 2019. The mining firm also appointed Bernard Pryor to the same position, saying that the appointments were made in accordance with the Nomination Committee's three year Succession Plan which is in line with Petra's development "from a phase of inten...Read More
Russian diamond miner Alrosa has marked the official start of diamond mining operations at the Verkhne-Munskoye diamond field, which will produce about 1.8-million carats a year for the next 20 years, replacing capacity from the flooded Mir mine.Verkhne-Munskoye will be using the processing plant of the Udachny mining and processing division, which is about 170 km away. Alrosa has constructed a se...Read More
RAPAPORT... A blue diamond ring estimated at $9 million to$12 million will go under the hammer at Sotheby's Geneva auction on November 15alongside a roster of rare colored diamonds.The rectangular-cut, 5.04-carat, fancy-vivid-blue piece is oneofthree blue diamonds set to feature at the Magnificent Jewels and Noble Jewels sale.The auction will also include earrings containing a 2.61-...Read More