RAPAPORT... Tiffany & Co. has launched a new engagement-ringcollection that debuts a new cut and setting."Tiffany has symbolized the ultimate in love and commitmentsince 1886 with the invention of the original Tiffany Setting," chiefartistic director Reed Krakoff said earlier this week. "Now, with the launch of Tiffany True with itsunique setting and expert cut, we are introducing a supreme ex...Read More
RAPAPORT... Jewelry sales increased globally in the second quarter,according to market research released by Russian miner Alrosa.The average global growth rate was 5% year on year, led bysales in Asia Pacific, which jumped 17% over the same period last year, it said Wednesday. Theregion's growth was driven by higher demand in China, and increased touristtraffic in Hong Kong and Macau. Sales in Nor...Read More
(IDEX Online) - Sales of jewelry increased in all of the world's key regions, except for India, in Q2 of 2018, ALROSA reported. The average global growth rate was 5% higher than during the same period last year. "Notably, in Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting...Read More
The South African mining industry, once the backbone of economic growth, intensive job creation and development in the country, is in constant decline, owing to the slow rates of research and development into newer, safer, modernised, mechanised and continuous mining methods.A key pillar of improved mining efficiency and safety for personnel – as mining takes place at greater depths to acces...Read More
(IDEX Online) - ALROSA, the largest diamond mining company in the world, presented the first of its kind collection of large colored diamonds at the Hong Kong Jewelry & Gem Fair. The company said it was part of a new strategy to become the world leader in the production of colored polished diamonds. "ALROSA's polished branch now focuses on the processing of large and colore...Read More
JOHANNESBURG (miningweekly.com) – Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment.Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama project, located in the Mmamabula coalfield, 50 km north of the capital city Gaborone.AdvertisementT...Read More
Diamond mining company BlueRock Diamonds has achieved an 81% increase year-on-year increase in production at its Kareevlei diamond mine, in the Kimberley region, to 73 028 t for the six months ended June 30.This represents an active period for the company, culminating in the restabilisation of production, which is now approaching 1 500 t/d.AdvertisementThis was also achieved while contending with...Read More
19 September 2018 - In Q2 of 2018, sales of decorative jewelry increased in all of the world's key regions, except for India. The average global growth rate was some 5% higher than during the same period last year.Notably, in the Asia Pacific, the figures were as high as 17%. The positive dynamics resulted from the continuing expansion of various local players, made possible by the mounting demand...Read More
The International Institute of Diamond Grading & Research (IIDGR), a member of De Beers Group, is pleased to announce that its industry-first synthetic screening device, SYNTHdetect, was awarded Industry Innovation of the Year at last night's JNA Awards in Hong Kong.Launched last year, SYNTHdetect is the first synthetic diamond screening device to simultaneously test multiple stones in set jewelle...Read More
(IDEX Online) - With fewer than four weeks to go to the opening of the 2018 CIBJO Congress in Bogot??, Colombia, on October 15, the sixth of the CIBJO commissions' Special Reports has been released. Prepared by the CIBJO Gemmological Commission, headed by Hanco Zwaan, it reveals the results of a survey of 23 gemological laboratories from around the world, about whether and how they re...Read More
(IDEX Online) - ALROSA is to hold its second rough diamond auction of the year in New York, with 81 large gem-quality diamonds over 10.8 carats each being put for auction, the miner said. Among them is a 98-ct diamond with yellowish hue (pictured above) and a diamond weighing over 100 carats. Both stones were mined at the Yubileinaya pipe in Yakutia. "Such large and pure diamonds ar...Read More
(IDEX Online) - JSC Arkhangelskgeoldobycha, which owns the Grib diamond field in Russia, has been officially renamed JSC AGD DIAMONDS, according to a press statement. The change was due to its new marketing policy and the brand's international positioning aimed at its rough diamonds buyers, the firm said. Last June, the company produced 234,000 tons of ore at the Grib diamond field...Read More
GABORONE, Sept 18 (Reuters) - Botswana's economy is expected to expand by 4.5 percent this year, down from an estimate in February of 5.3 percent, the finance ministry said on Tuesday at a 2019 budget conference.A senior official in the diamond-producing southern African nation's economy said the government expects an optimistic medium-term outlook, with growth forecasts expected to rise moder...Read More
Botswana's economy is expected to expand by 4.5% this year, down from an estimate in February of 5.3%, the finance ministry said on Tuesday at a 2019 budget conference.A senior official in the diamond-producing southern African nation’s economy said the government expects an optimistic medium term outlook, with growth forecasts expected to rise moderately to 4.2% in 2019.AdvertisementDep...Read More
The Angolan Ministry of Mineral Resources and Petroleum has gazetted a new mineral investment contract for the Lulo kimberlite exploration licence, covering a five-year period through to April 30, 2023.Lucapa Diamond Company co-owns and operates the kimberlite exploration programme on the highly prospective 3 000 km2 Lulo concession, which is run in parallel with the high-value alluvial diam...Read More
Shares in Petra Diamonds (LON:PDL) climbed more than 6% on Monday after the South African miner reported a 37 percent increase in full-year earnings thanks to higher output at its mines.Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) jumped to $195.4 million from $142 million in the previous year, Petra said.However, the diamond producer posted a net loss after tax...Read More
RAPAPORT... Petra Diamonds CEO Johan Dippenaar will leave the company afterit recorded a huge loss during the fiscal year, it said Monday. The company reported a net loss of $203.1 million for the periodending June 30, as opposed to a profit of $20.7 million the year before. Thiswas due to the combination of an impairment charge - a permanent reduction in the valueof an asset - on its Koffiefontei...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) hasawarded a total of $10,000 in scholarships to three students pursuing aneducation in jewelry. Nicholas Bates, who plans to study jewelry technology andgemology at Texas Institute of Jewelry Technology, received $4,000, MJSA said. QuinnDavis was awarded $3,500 to aid her pursuit of a graduate-jeweler diploma atthe Gemological I...Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) has launched its firstscholarship in partnership with the Mandela Institute for Development Studies(MINDS). The grant will go to a student from a diamond-producingcountry whose chosen field of postgraduate study facilitates improving thequality of life for Africans. "We are thrilled to be partnering with the Mandela Institutefor Development Stu...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE) is officially launching a groundbreaking new campaign to encourage international buyers to purchase diamonds at the bourse called 'Fly to Buy'. The campaign will enable diamond buyers to fly to Israel for free from October to December 2018, if they purchase $150,000 worth of diamonds during their visit to the exchange. The cost of the flight...Read More