Diamond stocks Articles

Harry Winston Ring Leads Christie's London Sale

Jun 14, 2017 / Rapaport News

RAPAPORT... Christie's garnered $8.2 million (GBP 6.5 million) at itsImportant Jewels auction in London on Tuesday, as a Harry Winston emerald ringfetched $480,675.The rectangular-cut, 10.23-carat Colombian emerald wentto an anonymous buyer for $47,000 per carat - more than five times its highpre-sale estimate, Christie's said Wednesday. Separately, a cushion-shaped,50.36-carat Sri Lankan sapphire...Read More

Gemfields Receives Chinese Takeover Bid

Jun 14, 2017 / Rapaport News

RAPAPORT... China's Fosun conglomerate has put in a rival bid to takeover Gemfields, following an earlier offer by the colored-gemstone miner'slargest shareholder.Fosun Gold, a subsidiary of the Shanghai-based holdingcompany, has proposed to buy Gemfields for $0.52 (GBP 0.409) per share,representing a 15.1% premium over the miner's closing share price onTuesday. The initial offer is 10.1% higher t...Read More

Cavalieri: Jewelry Should Position Itself As Model Of Sustainable Devt

June 14, 17 / Albert Robinson

(IDEX Online) - The jewelry industry's challenge in the coming years will be to position itself as a model of sustainable development, thereby appealing to a new generation of consumers, said CIBJO President Gaetano Cavalieri, speaking at the 16th Paris Gemmological Rendez-Vous on June 12. The event was hosted by the Association Franaise de Gemmologie and chaired by its president, Didier Gia...Read More

ALROSA and DMCC Heads Discuss Cooperation in Moscow Meeting

June 14, 17 / Albert Robinson

(IDEX Online) - ALROSA President Sergey Ivanov and Executive Chairman of the Dubai Multi Commodities Centre (DMCC) Ahmed Bin Sulayem have agreed to enhance diamond trade cooperation. At a working meeting in ALROSA's headquarters in Moscow, Sergey Ivanov and Ahmed Bin Sulayem discussed options for expanding ALROSA's trading activities at the Dubai Diamond Exchange, a trading platform with...Read More

Gemfields In Discussions With Fosun Gold Over Possible Offer

June 14, 17 / Albert Robinson

(IDEX Online) - Gemstone miner Gemfields has received an approach from, and is actively engaged in discussions with, Fosun Gold regarding a possible competing offer for the entire issued and to be issued share capital of the company. An Independent Committee of the Board of Gemfields advised against accepting an unsolicited nil-premium offer for the entire issued and to be issued share capital of...Read More

More Than 50 Companies to Exhibit at Hong Kong Show

June 14, 17 / Albert Robinson

(IDEX Online) - The Israel Diamond Institute (IDI) will host 47 companies this year in its diamond pavilion at the June Hong Kong Jewellery & Gem Fair, which will take place from June 22 - 25, 2017 at the Hong Kong Convention & Exhibition Centre. In addition, six Israeli companies will be exhibiting in other locations throughout the show. The Israel Diamond Pavilion will be located in the diamon...Read More

Botswana Resource Sector Conference kicks off

14th June 2017 / Staff reporter

The 2017 Botswana Resource Sector Conference took place this week in Gabarone. Mining Weekly editor Martin Creamer attended and speaks to Creamer Media's Sashnee Moodley about the developments.AdvertisementRead More

De Beers to host first auction for third-party exceptional polished diamonds

Jun. 13, 2017, 8:54 AM / De Beers

Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously via the De Beers Auction Sales platform for the first time this month, when the exceptional polished stones auction is held on 29 June.Buyers and sellers will benefit from the confidence of using the business' exceptional platform for exceptional stones and accessing its expertise, technol...Read More

De Beers to Start Third-Party Polished Sales

Jun 13, 2017 / Rapaport News

RAPAPORT... De Beers' first auction of other companies' "exceptional"polished diamonds will feature close to 50 stones, one of which weighs nearly21 carats, the company said Tuesday. All diamonds on offer at the inaugural sale onJune 29 either exceed 2.50 carats or have a fancy color, and have been confirmedby De Beers' grading laboratory - the International Institute of DiamondGrading and Researc...Read More

IGI to Launch Associations in Italy

Jun 13, 2017 / Rapaport News

RAPAPORT... The International Gemological Institute (IGI) will unveiltwo new organizations at a jewelry workshop it's running in Italy this week.The first, the IGI Italy Association - which is behind theworkshop - will represent the Antwerp-based laboratory's operations in Italy. TheIGI Italy Alumni Association, meanwhile, will help professionals network via websites,as well as through a gemologic...Read More

Dominion Gains from Higher-Value Ekati Production

Jun 13, 2017 / Rapaport News

RAPAPORT... Dominion Diamond Corporation's sales increased sharply inthe fiscal first quarter as the miner shifted to a higher-value section of itsEkati deposit in Canada's Northwest Territories.Revenue jumped 18% to $211 million in the three months ending April 30, with the average selling price of rough rising to $90 per carat from$69 per carat a year earlier. Rough sales from Ekati surged 31% t...Read More

De Beers opens platform for third-party polished diamond sales

13th June 2017 / Megan van Wyngaardt     

JOHANNESBURG (miningweekly.com) - Sellers and buyers of responsibly sourced, exceptional polished diamonds will be able to transact anonymously through the De Beers Auction Sales platform for the first time, when the group's exceptional polished stones auction is held on June 29.The diamond miner believes buyers and sellers will benefit from the confidence of using the business's platform for exce...Read More

Botswana Diamonds recovers 223 microdiamonds at Frischgewaagt

13th June 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - Aim- and BSE-listed Botswana Diamonds has recovered 223 microdiamonds from 160 kg of kimberlite drill core from the Frischgewaagt project, in South Africa.The diamond grade is estimated to be in a range of 20 carats per hundred tons (cpht) to 270 cpht at a bottom cutoff of 0.6 mm, with the largest stone being a white transparent crystal diamond falling in the -1.1...Read More

Rio Tinto CEO sees Canada as less business-friendly than in past

13th June 2017 / Reuters     

MONTREAL - The chief executive of Anglo-Australian miner Rio Tinto , which owns iron ore, diamond and aluminum mines and processing facilities in Canada, said on Tuesday that it was becoming tougher to do business in the resource-rich country."You know mining well and you understand its value, but to be very frank it has been getting harder to do business here over the years - from employee relati...Read More

Exploration needed to sustain Botswana diamond history

13th June 2017 / Martin Creamer     

GABORONE (miningweekly.com) - The only way that Botswana can have a long and continued proud history of diamond mining is to spend money on diamond exploration, Botswana Diamonds MD James Campbell said on Tuesday, when he urged the country to consider adopting the Canadian flow-through incentive scheme to boost exploration funding.Campbell made this special plea for diamond exploration investment...Read More

Belgian Polished Diamond Exports Edge Up In May, Down In Jan-May

June 13, 17 / Albert Robinson

(IDEX Online) - Belgium's polished diamond exports edged up 1.4 percent on the year to $1.12 billion in May, the Antwerp World Diamond Centre (AWDC) reported. However polished exports in the first five months of this year were down 8.7 percent to almost $5.01 billion Meanwhile, exports of rough stones were down 2.9 percent to $1.24 billion in May. For the January-May period, rough exports decline...Read More

Dominion Reports Strong Rise in Output in Fiscal Q1

June 13, 17 / Albert Robinson

(IDEX Online) - Dominion Diamond Corporation reported a 17 percent rise in carats recovered to 2.15 million carats in the first quarter of fiscal 2018 from 1.83 million carats a year before. This was largely due to production from the high-grade Misery Main pipe at the Ekati mine, with stable production at the Diavik mine for the three month period ending April 30. A higher-value ore blend at Eka...Read More

India Relaxes Tax on Jewelry-Making

Jun 13, 2017 / Rapaport News

RAPAPORT... India's government has reduced the tax rate on diamond andjewelry manufacturing to 5% following an earlier announcement that it would chargeindustry members an 18% levy, the Gem & Jewellery Export Promotion Council(GJEPC) said Monday.The tax applies to the so-called "making charge" - theamount of money it costs to produce jewelry pieces. It is part of India's newgoods-and-services tax...Read More

Dominion Diamond says working diligently on sales process

13th June 2017 / Reuters     

VANCOUVER - Canada's Dominion Diamond Corp, which put itself up for sale in March, is working "diligently" on this process and will share news with the market when it has any, chairperson Jim Gowans said on Tuesday, declining to comment further.Speaking on a conference call about the company's results, which were released late on Monday, Gowans said Dominion's search for a new chief ex...Read More

Resources Watch

13th June 2017 / Staff reporter

Welcome to Creamer Media's Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.This week:Phosa condemns charter tinkering, urges growth negotiationsAnd, Diamond junior sector in urgent need of fixingAdvertisementANC NEC member Mathews Phosa says stop tinkering with sector charters and instead negotiate them in a manner that creates r...Read More