RAPAPORT... Christie's expects to sell a rare 18.96-carat, fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category. The rectangular-cut, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More
RAPAPORT... Alrosa sold $12.6 million worth of rough at its most recent large-stone auctionin Vladivostok, Russia, with the miner reporting healthy premiums on the opening bids at the sale. The 108 diamonds - each over 10.8 carats - weighed a combined2,003 carats and fetched an average price of $6,291 per carat, the miner saidlast week. Companies from Russia, mainland China, Hong Kong, the US, Is...Read More
RAPAPORT... A kimberlite discovered during new exploration at MountainProvince's Gahcho Ku?(C) mine will expand total production at the asset. Deposits located near the north pipe of the mine have the potential to increase output at Gahcho Ku?(C)by 2.2 million to 4.2 million carats, the company reported last week. "Our continued success in this near-mine exploration programis very encouraging," s...Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 8.5 percent in the U.S. market in July, when compared to the same month a year ago, as the graph below illustrates. Overall sales in July, the last month for which figures are available, were an estimated $5.9 billion, according to preliminary data from the U.S. Commerce Department. Outlook The American e...Read More
(IDEX Online) - The October 8-10 Bharat Diamond Week is set to welcome many representatives of diamond and jewelry companies who were planning to visit the Hong Kong Jewellery and Gem Fair but had to cut short or cancel due to Typhoon Mangkhut which battered Hong Kong, the Bharat Diamond Bourse (BDB) said in a statement. The typhoon led to the closure a day early of the initial part of the...Read More
(IDEX Online) - With a month to go before the opening of the 38th World Diamond Congress in Mumbai, the World Federation of Diamond Bourses (WFDB) is fine-tuning the agenda for its meetings. WFDB President Ernie Blom (pictured above) said the organisation's agenda would comprehensively reflect the issues dominating the global diamond industry. "There is certainly no shortage of...Read More
RAPAPORT... Swiss watch exports grew at a slower pace in August due to a drop in demand for lower-value timepieces. Total shipments rose 6% to CHF 1.5 billion ($1.55 billion),the Federation of the Swiss Watch Industry reported. Exports of watches pricedover CHF 3,000 ($3,103) increased 7% by value, and those worth between CHF 500 ($517)and CHF 3,000 grew 8%. Timepieces valued at CHF 200 ($207...Read More
RAPAPORT... Christie's expects to sell a rare fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category. The rectangular-cut, 18.96-carat, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More
RAPAPORT... Alrosa sold $12.6 million worth of rough at its most recent large-stone auctionin Vladivostok, Russia, with the miner reporting healthy premiums on the opening bids at the sale. The 108 diamonds - each over 10.8 carats - weighed a combined2,003 carats and fetched an average price of $6,291 per carat, the miner saidlast week. Companies from Russia, mainland China, Hong Kong, the US, Is...Read More
The Free State has the potential to host further commercial kimberlites, says Botswana Diamonds, referencing research in various archives into the history of diamond mining in South Africa.Following the initial document research work and ground truthing, Aim-listed Botswana Diamonds has since started taking ground samples for whole rock geochemistry tests conducted by the Council for Geosciences.A...Read More
RAPAPORT... Christie's expects to sell a rare fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category. The rectangular-cut, 18.96-carat, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More
(IDEX Online) - The Diamond Empowerment Fund (D.E.F) donated $130,000 to the Botswana Top Achiever Program during a dinner reception with President Mokgweetsi E.K. Masisi of Botswana. The presentation was made on the eve of the opening of the 73rd Session of the UN General Assembly. The Top Achiever program recognizes students across Botswana, and provides them with the ability to s...Read More
(IDEX Online) - ALROSA, the world's largest diamond mining company, held an auction of special size rough diamonds (over 10.8 carats) in Vladivostok, with 108 gem-quality lots with total weight of 2,003 carats sold for $12.6 million. The miner said that 76 companies from Russia, mainland China, Hong Kong, the US, Israel, Belgium, India and the UAE took part in the auction. "The...Read More
(IDEX Online) - Platinum Guild International (PGI) has published the Q2 Platinum Jewellery Business Review (PJBR) of the platinum jewelry market around the world. Upon close evaluation of the performance of the platinum jewelry market during the second quarter, key findings reveal that despite being a young market India's sales for platinum jewelry are steadily increasing and the more matu...Read More
(IDEX Online) - Over 60 volunteers from Forevermark US and staff from Forevermark authorized jeweler, Diamonds International Honduras, have partnered together to rebuild, improve and expand a school for children in Roat??n, Honduras. The five-week combined effort more than doubled the school's capacity, making it the largest in the area. Results included: greatly improving the overall spac...Read More
The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its ‘Diamond Insight Report 2018’. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global diamond sales last year. ‘Millennials’ refers to peoplewho are currently in the age...Read More
JOHANNESBURG (miningweekly.com) – It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan speech on Friday.He said that following extensive consultation...Read More
By cutting out paper, improving tracking and allowing data sharing, blockchain is set to revolutionize mining as we know it. (Image: Autonomous truck at Rio Tinto'sPilbara operations Rio Tinto | Flickr.)Blockchain technology and the smart contracts it enables are the next step in the evolution of the mining and metals global supply chain, according to a paper published Thursday by global law firm...Read More
Trading centers quiet during Jewish holidayperiod. Hong Kong show reflects uncertainty over US-China trade tensions, withTyphoon Mangkhut disrupting activity at the fair. Slower growth expected in 2Has Chinese consumer sentiment weakens ahead of Oct. 1 Golden Week. Steadydemand for 0.30 to 1 ct., G-L, VS-SI diamonds. Rough market cautious, withlower supply for pre-Diwali manufacturing. Johan Dippe...Read More
Market quiet with many dealers at Hong Kong fair. Small goods weak, with prices softening. Suppliers holding prices relatively firm on certified goods, despite buyers pushing for higher discounts. Local purchasers cautious due to weak rupee (INR 72.85/$1). Polished production restrained due to low profit margins and tight liquidity. Local jewelry sales stable. RoundRead More