Diamond stocks Articles

India's biggest holiday boosts De Beers rough diamond sales

Aug. 1, 2017, 4:44 AM / Cecilia Jamasmie

Anglo American's (LON:AAL) De Beers, the world's No.1 diamond producer by value, said Tuesday it saw an 5.7% rise in rough diamond sales during the sixth cycle of the year compared with the previous one, as earlier Diwali festivities brought forward demand from Indian diamond polishers.Diwali, or festival of lights, is India's biggest and most important holiday of the year, which is celebrated in...Read More

US Sanctions on Russia: Diamond Impact Unclear

Aug 01, 2017 / Joshua Freedman

RAPAPORT... US President Donald Trump has said he intends to sign off onsanctions against Russia, but the diamond trade is still in the dark over how themove could affect the industry. The Belgian market bought $2.1 billion of goods from Alrosa lastyear, accounting for about 45% of the Russian miner's revenues, according tofinancial statements the company released in April. However, it remains unc...Read More

Head of UK's CMJ Resigns After 10 Years

Aug 01, 2017 / Rapaport News

RAPAPORT... Willie Hamilton has stepped down as CEO of the Company ofMaster Jewellers (CMJ), a network of UK jewelry retailers, the organizationsaid Monday. Terry Boot, the group's head of finance and businessoperations, will have day-to-day control in the interim until the organizationfinds a new CEO, according to CMJ chairman Michael Aldridge. Hamilton (pictured) has been head of CMJ for 10 year...Read More

Forevermark-Only Concept Store Debuts in India

Aug 01, 2017 / Avi Krawitz

RAPAPORT... The first concept store that exclusively carries Forevermark diamond jewelry has opened in India as the brand continues to make aggressive inroads on the subcontinent. C Krishniah Chetty Jewellers opened the store in Bangalore earlier this year, and the brand is in talks with other retailers to expand the network, Sachin Jain, president of Forevermark Diamonds Private limited, recently...Read More

Alrosa Cautions Against Possible US Sanctions

Aug 01, 2017 / Joshua Freedman

RAPAPORT... Alrosa is hoping US sanctions against Russia will not impact its operations, saying any potential action affecting the miner would be detrimental to the global diamond industry."We hope that we will not have to face sanctions, and we expect that common sense will prevail," Alrosa president Sergey Ivanov said in a Russian-language statement last week. "The potential difficulties this ma...Read More

De Beers Rough Sales up in Sixth Sale of 2017 as Indians Bring Forward Purchases

August 01, 17 / Albert Robinson

(IDEX Online) - De Beers reported a provisional sales figure of $572 million in its sixth sales cycle of 2017 which took place last week. The figure compares with of $528 million in its sixth sales cycle of 2016. Bruce Cleaver, CEO, De Beers Group, said: "The sixth sales cycle of the year maintained the trend of consistently good demand for De Beers rough diamonds across the product range. "...Read More

Diwali boosts sales in De Beers' sixth sales cycle

1st August 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - De Beers' sixth sales cycle for this year saw the trend of consistently good demand for its rough diamonds continue, with $572-million of diamonds sold.This compares with the $528-million of diamonds sold in the sixth cycle of last year and the $541-million of diamonds sold in the fifth sales cycle of this year.Advertisement"With Diwali being earlier than normal i...Read More

Chinese Citizens Arrested for Allegedly Stealing Diamonds From IIJS Exhibitor

August 01, 17 / Albert Robinson

(IDEX Online) - Mumbai police arrested two Chinese citizens on Monday evening for allegedly stealing diamonds from a booth at the India International Jewellery Show (IIJS) which ended yesterday. The Chinese men had already cleared immigration at Mumbai international airport, and were stopped after closed-circuit television footage was forwarded to Mumbai airport police, according to a report by...Read More

PEA recommends opencut diamond mine in eastern Finland - Karelian

1st August 2017 / Mariaan Webb     

JOHANNESBURG (miningweekly.com) - Dublin-headquartered Karelian Diamond Resources has received the results of a preliminary economic assessment (PEA) for its Lahtojoki kimberlite pipe in eastern Finland, which recommends that a mine should be developed to extract more than $200-million worth of diamonds.The PEA, which was carried out by Brennan Mining Services, estimates that about 2.11-million ca...Read More

The IDEX Online Polished Price Report - July 2017

August 01, 17 / Albert Robinson

(IDEX Online News) - There were slightly higher levels of activity in July than in the previous two months. There were declines of 2-3 percent in 0.70-0.79 stones in I-L colors in VS2-SI1 clarities, and increases in 0.30-0.39 carat goods in D-G colors in VS1-SI1 clarities, and in the 0.40-0.44 category in D-F colors in IF-SI1 clarities. As with round stones, fancy diamonds saw slightly more pri...Read More

Forevermark-Only Store Debuts in India

Aug 01, 2017 / Avi Krawitz

RAPAPORT... The first concept store that exclusively carries Forevermark diamond jewelry has opened in India as the brand continues to make aggressive inroads on the subcontinent. C Krishniah Chetty Jewellers opened the store in Bangalore earlier this year, and the brand is in talks with other retailers to expand the network, Sachin Jain, president of Forevermark Diamonds Private limited, recently...Read More

Polished Diamond Prices Show Slight Increase in July

August 01, 17 / Albert Robinson

(IDEX Online News) - In July, the IDEX polished diamond price index showed a slight increase after small decreases in May and June. The Index began the month at 119.01 and ended at 119.35. Outlook The market continues to slow down as the industry heads into the traditionally quieter summer months, with the Belgian diamond trade on vacation in the first...Read More

NUM, ANC very encouraging' - Royal Bafokeng Platinum

1st August 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - Royal Bafokeng Platinum CEO Steve Phiri said on Tuesday that he was "very encouraged" by the stance taken the day before by the National Union of Mineworkers (NUM) and the ruling African National Congress (ANC)."We can only improve the situation if we work together and not against each other," Phiri outlined to Mining Weekly Online in an interview after the compan...Read More

Scientists find evidence for the formation of thinnest possible diamond

Jul. 31, 2017, 7:29 PM / Valentina Ruiz Leotaud

Scientists from the Brazilian Universidade Federal de Minas Gerais found new evidence that shows that diamonds can be forged in thin films called diamondene.In a paper published in Nature Communications, the group of researchers led by physicistLuiz Gustavo Canado explain that when a pair of graphene sheets are squeezed to pressures around tens of thousands of times that of Earth's atmosphere and...Read More

Origins of Argyle necklace debuts in New York

Jul. 31, 2017, 9:08 AM / Rio Tinto

Rio Tinto's famed champagne and cognac diamonds from its Argyle diamond mine have been showcased in a signature piece of jewellery in New York, in celebration of their unique Australian provenance and the diamond ties that bind Australia and the US.The necklace takes inspiration from the birthplace of the gems in the remote east Kimberley region of Western Australia, with the geographical coordina...Read More

Sarine Claims Superior Accuracy for Grading Tools

Jul 31, 2017 / Joshua Freedman

RAPAPORT... Sarine Technologies' new automated color- and clarity-gradingsystems are yielding more reliable results than manual graders, the company hasclaimed.Sarine Clarity, which uses technology to analyze flaws inpolished diamonds, showed a 97% correlation with the grades given by areference group of human gemologists, while Sarine Color matched them 99% ofthe time, Sarine said Sunday. The com...Read More

Lucapa Sells $1.5M of Rough from Lulo Mine

Jul 31, 2017 / Rapaport News

RAPAPORT... Lucapa Diamond Company brought in revenues of $1.5 million(AUD 1.9 million) at its latest tender of rough diamonds from the Lulo mine inAngola, the company reported Monday.The miner sold 2,070 carats at an average price of $710 percarat, it said. Including this sale - the sixth this year - total proceeds fromLulo in 2017 have reached $17 million, at an average price of $1,458 per carat...Read More

Rio Tinto Showcases Cognac-Champagne Necklace

Jul 31, 2017 / Rapaport News

RAPAPORT... Rio Tinto unveiled a necklace featuring more than 45 caratsof cascading champagne and cognac diamonds and a 3.55-carat white diamond fromits iconic Argyle mine in Australia.The Origins of Argyle necklace, which the miner isshowcasing in New York, is a celebration of the stones' Australian provenanceand the ties that link the antipodean nation with the US, Rio Tinto said Monday.The geog...Read More

Sarine Reports 'Major Progress' in Clarity and Color Grading Machine Testing

July 31, 17 / Albert Robinson

(IDEX Online) - Sarine Technologies Ltd says it has made "major progress" with the large-scale testing of its revolutionary automated, consistent and reliable clarity and color grading technologies. "The large scale testing of our new technologies for the automated, objective and consistent grading of a polished diamond's clarity and color grades, which commenced late last year has progress...Read More

Zim piling up gold, diamonds to back new currency - VP

31st July 2017 / News24Wire     

HARARE - Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency.But he did not say when the new currency would be introduced.AdvertisementIn November 2016 the central bank introduced "bond notes", bank notes which are tradeable only in Zimbabwe and have no value outside its borders.BOND NOTES IN...Read More