Diamond stocks Articles

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

Gem Diamonds finds two large rocks at flagship mine in Lesotho

Jun. 12, 2017, 4:13 AM / Cecilia Jamasmie

Africa-focused Gem Diamonds (LON:GEMD) has discovered two diamonds bigger than 100 carats at its Leteng mine in Lesotho, which should help the company boost revenue and investors confidence.The two massive diamonds are a 151.52-carat Type I yellow rock and a high quality 104.73-carat, D-colour Type IIa stone, the London-based miner said in a statement.The last time Gem Diamonds had made a signific...Read More

Engagement-Ring Prices Stable at $3.4K

Jun 12, 2017 / Rapaport News

RAPAPORT... The price of engagement and wedding rings in the US hasn'tchanged much since last year, according to data that research group The WeddingReport released Monday.The average groom spent $3,406 on a ring for the proposalduring the first three months of 2017, compared with an average of $3,407 in 2016as a whole, the data showed. Wedding rings for the bride cost $786 on average, versus$785...Read More

Leteng Bears Two Diamonds over 100cts.

Jun 12, 2017 / Rapaport News

RAPAPORT... Gem Diamonds has recovered two rough diamonds larger than 100carats at its Leteng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday.The heavier of the two, at 151.52 carats, is a yellow, type Idiamond. The other is a higher-quality, D-color, type IIa stone weighing 104.73carats.While Leteng is known for producing high-value large diamonds,...Read More

De Beers Inks Japan Retail Grading Deal

Jun 12, 2017 / Rapaport News

RAPAPORT... The International Institute of Diamond Grading &Research (IIDGR) has partnered with Japanese bridal-jewelry retailer I-PRIMO toprovide it with polished grading reports.The De Beers-owned laboratory will grade diamonds showcased at all 68 I-PRIMO stores in Japan, with the aim of boostingconsumer confidence, IIDGR said last week. The reports will use De Beers'"Ideal Optical Symmetry" tec...Read More

Antwerp Sees Improved Polished Trade

Jun 12, 2017 / Rapaport News

RAPAPORT... Belgium's polished diamond exports increased in May, aided by higher shipments to Hong Kong and Israel, according to data fromthe Antwerp World Diamond Centre (AWDC).Polished exports rose 1.4% year on year to $1.12 billion, the AWDCsaid last week. Shipments to Hong Kong grew 13% to $156.7 million, while ordersfrom Israel jumped 55% to $174.9 million. Exports to Switzerland showedpartic...Read More

Botswana's diamond sector has gone ex growth - Economist

12th June 2017 / Martin Creamer     

GABORONE (miningweekly.com) - Botswana's diamond sector is not going to disappear but it is also not going to grow.Increasingly, Botswana is a services driven economy, with the real growth coming from financial business services, hotels and restaurants and tourism, Econsult MD Keith Jefferis told the Botswana Resource Sector Conference on Monday.The era of Botswana being a mining driven economy ha...Read More

Gem Diamonds recovers two 100 ct plus diamonds from Leteng

12th June 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - LSE-listed Gem Diamonds has recovered a high-quality 104.73 ct D-colour type IIa diamond and a 151.52 ct type I yellow diamond from it Leteng diamond mine, in Lesotho.This followed the recovery of an exceptional 80.58 ct D-colour type IIa diamond in May, as well as the 98.42 ct and 114 ct D-colour type IIa diamonds recovered in April.AdvertisementRead More

IGI Launching Two New Associations In Italy

June 12, 17 / Albert Robinson

(IDEX Online) - The International Gemological Institute (IGI) will launch two new associations this week during a one-day workshop to update attendees on the technical and commercial impact on the jewelry industry of synthetic diamonds in the marketplace. The workshop will be held on June 14, at the Centro Orafo (Jewelry & Goldsmith Center) in Caserta, which is located roughly 30km north of Naple...Read More

Gem Diamonds Recovers Two 100+ Carat Diamonds from Leteng

June 12, 17 / Albert Robinson

(IDEX Online) - Gem Diamonds Limited has recovered of a high-quality 104.73 carat, D-color Type IIa diamond and a 151.52 carat Type I yellow diamond from the Leteng mine in Lesotho. Today's announcement follows the recent Leteng recoveries announced in May of an exceptional 80.58 carat D-color Type IIa diamond and a 98.42 carat D-color Type IIa diamond, as well as the recovery of a 114 carat...Read More

Alrosa Sales Rebound to $472M in May

Jun 11, 2017 / Rapaport News

RAPAPORT... Alrosa's diamond revenues for May jumped 33% year on year to $472.1 million, the Russian miner reported last week.Rough-diamond sales amounted to $467.6 millionfor the month, while polished revenue was $4.5 million. For the January-to-Mayperiod, sales fell 5% to at least $2.13 billion, of which $2.09 billion wasfrom its rough business and $44.3 million was from polished. Alrosa vice pr...Read More

Target Exec to Become Blue Nile CEO

Jun 11, 2017 / Rapaport News

RAPAPORT... Blue Nile has appointed Target executive Jason Goldberger asCEO to replace Harvey Kanter, four months after the online diamond retailer'sacquisition by a private-equity group.Goldberger (pictured) has 20 years' experience in senior positions at e-commercegroups, including Amazon, Blue Nile said last week. He was most recently chiefdigital officer and president of Target.com, overseeing...Read More