(IDEX Online) - HRD Antwerp says that a recent study it conducted on "The effect of fluorescence on the colour of a diamond", concludes that even strong fluorescence does not negatively impact a diamond's appearance. "In fact, the findings demonstrate the contrary: under normal conditions and even when outdoors, strong fluorescence has a positive influence on the color of diamonds. This fi...Read More
RAPAPORT... Alrosa's sales climbed 14% to $294.9 million in August dueto strong demand for higher-value rough diamonds, the miner reported. "Despite [the] traditional August market slowdown, sales of bothrough and polished diamonds were much higher than a year before," Yury Okoemov,Alrosa's deputy CEO for sales, said Monday. "Positive trends in diamond-jewelrysales observed since the beginning of...Read More
RAPAPORT... Jewelry sales at Richemont - the owner of Cartier and VanCleef & Arpels - increased 11% in the five months ending August 31, theluxury retailer reported Monday. Proceeds from the group's largest category rose to $3.33billion (EUR 2.88 billion) during the period, while sales in the watch divisiongrew 2% to $1.5 billion (EUR 1.3 billion). Jewelry sales climbed 14% atconstant exchange...Read More
MOSCOW, Sept 11 (Reuters) - Russian diamond miner Alrosa said on Tuesday that its sales next year would be 1-2 million carats higher than its production in 2019, the RIA news agency cited Alexei Filippovsky, its chief financial officer, as saying.Alrosa expects it production to be around 37.5-38 million carats next year, he was quoted as saying.(Reporting by Polina Devitt; Writing by Tom Balmforth...Read More
Anglo American's De Beers, the world's No.1 diamond miner by value, has just had the lowest sales for its seventh cycle since it began releasing data in 2016, as it let customers delay acquiring smaller stones for the first time.Sales for the cycle stood at a provisional $505 million, down 5.5% from the $533 million obtained in the previous cycle of the year and 0.4% from $507 million for same per...Read More
JOHANNESBURG (miningweekly.com) – The global sightholder sales and auction sales of diamond company De Beers have this year continued to deliver consistent value, with the latest seventh sales cycle coming in at $505-million, a virtual carbon copy of the $507-million realised in the seventh sales cycle of last year.The steady range is proving to be $500-million-plus, with 2018’s sixth...Read More
TSX-V-listed Tango Mining has signed an agreement to acquire an 80% unencumbered interest in the Mano River project from West Mining, in Liberia.The property consists of one recently granted 104.3 km2 diamond mineral exploration licence located in the western part of the country in an area well known for the widespread occurrence of alluvial diamonds and the known presence of kimberlites. &nb...Read More
MOSCOW – Russian diamond miner Alrosa said on Tuesday that its sales next year would be one-million to two-million carats higher than its production in 2019, the RIA news agency cited Alexei Filippovsky, its CFO, as saying.Alrosa expects it production to be around 37.5-million to 38-million carats next year, he was quoted as saying.AdvertisementTo watch Creamer Media's latest video reports,...Read More
(IDEX Online) - Jewelry firm Pandora has brought in Geena Tok from Nike to run its business in China, where the Danish jewelry giant faces large-scale copying and other challenges. Pandora operates 200 stores in China and employs more than 1,400 people. The firm is seeing rising numbers of jewelry pieces brought into the country from abroad and sold online. Read More
(IDEX Online) - Signet Jewelers would be willing to sell jewelry set with lab-grown diamonds if consumer demand shows it to be worthwhile, said the firm's CEO Gina Drosos. She made the comments in a conference call with analysts. While the jewelry retailing giant doesn't carry lab grown diamonds currently, "we have a very customer first mindset on this and we want to focus on deli...Read More
(IDEX Online) - Mountain Province Diamonds Inc said its seventh diamond sale of 2018, completed on August 31, raised total proceeds of US$26.9 million (CDN$35.3 million). The miner sold 411,317 carats with an average realized value of US$65 per carat. "Our seventh sale generated high competition levels which allowed us to sell all lots and achieve full revenue," said Reid Mackie, Vice Presi...Read More
(IDEX Online) - A new book about Myanmar's remote Mogok gems valley, the source of some of the world's finest rubies and sapphires, is being launched at the September Hong Kong Jewellery & Gem Fair. "MOGOK, The Valley of Precious Stones", published by the Asian Institute of Gemological Sciences (AIGS), is an exploration narrative, as well as an ethnographic reportage and scientific refe...Read More
Graph background image: Strike DrillingAustralia is the world's number two gold producer; the country's tightening its grip on the trade in iron ore and coking coal; comes in at no 6 for copper; and is set to increase output of mineral-du-jour lithium from the current 38% to nearly half the global total within five years.That's the result not only of a rich mineral endowment but massive amounts of...Read More
(Bloomberg) - This summer's crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world's biggest diamonds.Gem Diamonds Ltd. has been the standout performer in the FTSE All-Share Mining Index, gaining almost 70 percent this year. In comparison, almost every other miner is in negative territory - with the second-best performer BHP Billiton Ltd. little changed...Read More
Australia's Perth Mint has unveiled this week the most expensive collector coin in the country' history - a diamond-encrusted treasure valued at $2.5 million ($1.8m).Made of 99.99 percent pure gold, the coin features four rare Argyle pink and purplish-pink diamonds. The largest is 1.02 carat.Named the Discovery Gold Coin, its design was inspired by the holey dollar, which was introduced by governo...Read More
JSE-listed diamond miner Trans Hex will sell the building that has been its head office for nearly three decades, announcing this week that the Cape Town property will be sold for R28.5-million.The building is located at 405 Voortrekker road, Parow.AdvertisementTrans Hex said that the disposal would provide the miner, which posted a $186.8-million loss for the 2018 financial year, with additional...Read More
Mining equipment specialist Osborn has secured anR8.5-million order to supply a range of its high-quality machines to a new manganese mine in the Northern Cape. Osborn product sales manager Francois Scott says that this order and the region are significant for Osborn. The highest concentration of Osborn equipment anywhere in South Africa can be found in the Northern Cape, where its high-performan...Read More
LONDON – This summer’s crash in commodity prices is turning it into a year to forget for miners. Unless you dig the world’s biggest diamonds.Gem Diamonds has been the standout performer in the FTSE All-Share Mining Index, gaining almost 70% this year. In comparison, almost every other miner is in negative territory – with the second-best performer BHP Billiton little change...Read More
TORONTO and NEW YORK, Sept. 6, 2018 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its seventh diamond sale completed on Friday August 31, 2018. Total proceeds from the sale were US$26.9 million (CDN$35.3 million) from 411,317 carats at an average realized value of US$65 per carat"Our seventh sale generated high...Read More
Diamond industry focusedon important Hong Kong fair, hoping the recovery in Far East jewelry retailwill continue amid trade tensions and weaker currencies. Dealer trading slow,with softer prices during summer slowdown as 1 ct. RAPI -0.5% in August. Roughdemand cautious, with lower premiums on secondary market. Gem Diamonds 1Hrevenue +81% to $168M, profit of $24M vs. loss of $3M last year. Hong Kon...Read More