JOHANNESBURG (miningweekly.com) – Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30.The Johannesburg Securities Exchange-listed company, which reported 11.3% highe...Read More
(IDEX Online) - The current role of the World Federation of Diamond Bourses (WFDB) and how it can move forward was among the discussions at its Asian Summit/Executive Committee meeting held this week in Vladivostok. The well-attended meeting saw around 40 representatives from across the world taking part, said WFDB President Ernie Blom. "The strong attendance enabled us to receive e...Read More
(IDEX Online) - Sarine Technologies Ltd has opened a new service center for Sarine ProfileTM diamond reports in Tokyo, servicing retailers and the polished diamond trade in Japan. The new service centre has been opened in cooperation with a veteran local partner in Tokyo, who will provide the necessary infrastructure and manpower. Their team has been trained in the use of Sarine Profile by...Read More
RAPAPORT... Shares in Lucapa Diamond Company jumped more than 8% Tuesdayafter the miner said testing at its exploration project yielded "exceptional"results. The miner recovered 1,100 diamonds - including 18 macrodiamondsand 1,082 micro stones - from the Brooking, Little Spring Creek, asset located nearthe Ellendale mine in Western Australia. "The latest microdiamond [stones less than 0.5 millim...Read More
JOHANNESBURG (miningweekly.com) – The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month.This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available for two days to witness the borer being put through its pa...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has appointed MarcoMiserendino as chairman of its board of directors, it said Monday. Miserendino (pictured) is the vice president and managing director ofMontreal jewelry store Bijouterie Italienne, which he co-owns with his sister,Paola Miserendino. He is also an Independent Jewellers Organization MasterJeweller. Other members of the boa...Read More
The Ellendale mine produced almost half of the world's supply of rare yellow diamonds during peak production, and was also the main supplier of fancy-yellow diamonds for luxury jewelry retailer Tiffany & Co. (Image courtesy of Government of Western Australia.)The mothballed Ellendale mine in Western Australia, renowned for its fancy yellow diamonds, is officially up for grabs.The state government...Read More
RAPAPORT... The Western Australian government is looking for experiencedcompanies to operate the Ellendale mine, famous for its fancy-yellow diamonds. On offer are Ellendale's E4 and E9 pits, storage facilitiesand infrastructure, which belonged to Kimberley Diamond Company before thecompany went into administration in 2015. For the past two years, the state's Departmentof Mines, Industry Regulatio...Read More
RAPAPORT... Lesotho-focused miner Namakwa Diamonds will sell a29.59-carat, fancy-pink rough stone in Antwerp this fall.The company discovered the diamond at its KAO mine in theAfrican country on June 12, according to brokerage firm Bonas-Couzyn, whichwill facilitate the sale. The stone - named the Rose of KAO - will appear inAntwerp for viewings from September 17 to 28, and bidding in an online te...Read More
RAPAPORT... Bonhams will feature the jewelry collection of celebratedOlympic swimmer-turned-property mogul Katherine Domyan at its September auctionin New York. Born in Hungary, Domyan won two gold medals and set worldrecords at the 1952 Olympics in Helsinki, Finland, before seeking politicalasylum in the US four years later during the games in Melbourne, Australia. However, immigration quotas wer...Read More
RAPAPORT... The US saw an increase in polished-diamondimports in the first half of 2018, reflecting robust consumer demand and ahigher average price. Inbound shipments rose 5% by value in the first sixmonths, and jumped 8% in the second quarter. April to June is a busy period forthe US polished trade due to the JCK Las Vegas show. June itself was slightlyslower than a year ago, with imports down 1...Read More
RAPAPORT... Pandora has hired former Nike executive Geena Tok asmanaging director for its China business, replacing Anthony Asinas, who willbecome managing director for Hong Kong and Macau, the jeweler said Sunday. Tok (pictured), who was managing director and chief merchant at NikeChina for 17 years, will oversee Pandora's 200 stores throughout the country. Pandora has had a challenging time in...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) in Mumbai said visitors to the second edition of the Bharat Diamond Week at the bourse, to take place from October 8-10, will benefit from competitive pre-Diwali prices. The BDB is expanding the scale of the polished diamond fair following the success of the first edition held from April 23-25 (see picture above) where in excess of 1,000 visi...Read More
(IDEX Online) - Namakwa Diamonds has announced the discovery and upcoming sale of its latest exceptional find, a 29.59ct fancy pink diamond, named 'The Rose of KAO'. The stone was found on June 12 at Namakwa Diamond's flagship KAO mine in Lesotho. It will be shown and tendered in Antwerp with Bonas-Couzyn NV during KAO's fourth sale of the year KAO-1804 during September/October. ...Read More
RAPAPORT... The Western Australian government is looking for experiencedcompanies to operate the Ellendale mine, famous for its fancy-yellow diamonds. On offer are Ellendale's E4 and E9 pits, storage facilitiesand infrastructure, which belonged to Kimberley Diamond Company before thecompany went into administration in 2015. For the past two years, the state's Departmentof Mines, Industry Regulatio...Read More
PERTH (miningweekly.com) – The Western Australian government is looking for a miner to reopen the Ellendale diamond mine, in the Kimberley region.The state government this week said it was seeking expressions of interest from mining companies to reopen the mine, which was operational between 2002 and 2015, when the operator of the mine, Kimberley Diamond Company, went into administration.Adv...Read More
RAPAPORT... Digital online marketplace TrueFacet has partnered withseven luxury brands to offer secondhand jewelry and watches directly toconsumers. The site lists pieces from Zenith, Roberto Coin, RaymondWeil, Fendi Timepieces, Faberge, Frederique Constant and Ernst Benz, which havebeen previously owned and subsequently inspected and refurbished by the brands. Those companies supply a certi...Read More
RAPAPORT... Mining company Vast Resources gained access to a section of Zimbabwe's Marange fields with a view to developing joint operations there with a local community group.The miner reached an agreement with Red Mercury, a subsidiary of the Marange-Zimunya Community Share Ownership Trust, to carry out due diligence over a two-month period at the Heritage Concession - a 15-square-kilometer...Read More
RAPAPORT... Alrosa's sales and profit grew in the second quarter asrough-diamond prices rose after the miner was able to sell higher-value goodsthan last year. Revenue grew 2% year on year to $1.08 billion (RUB 72.2billion) for the three months ending June 30. Profit increased 1% to $378.6million (RUB 25.4 billion), the company reported last week. "In the first six months of 2018, higher diamond...Read More
(IDEX Online) - ALROSA, the largest diamond mining company in the world, will auction special size rough diamonds (over 10.8 carats) in Vladivostok from August 27 to September 12. &nbs...Read More