Diamond Stocks Articles

These are top-10 global mining trends expected for 2018

Jan. 31, 2018, 3:00 AM / Cecilia Jamasmie

To thrive in the mining industry's historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.)In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably in the face of a digital...Read More

Botswana's Rough Exports Drop

Jan 31, 2018 / Rapaport News

RAPAPORT... Botswana's rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the third quarter and fell 20% in the fourth. Much of the overall decline reflects a slowdown in De Beers' totalrough sales, which fell 5% to an estimate...Read More

Lucapa Sales Slump with Fewer Big Diamonds

Jan 31, 2018 / Rapaport News

RAPAPORT... Lucapa Diamond Company's sales fell 38% in 2017, after theprevious year's figures received a boost from the sale of a huge rough stone. Proceeds from diamonds the company extracted at its Lulomine in Lesotho declined to $31.6 million last year, the miner reported Monday.While the 2016 total of $51 million included $16 million from a 404-carat rough,last year's sales dropped even discou...Read More

ALROSA: Chinese Willing To Buy Diamond Jewelry More Than Americans

January 31, 18 / Albert Robinson

(IDEX Online) - ALROSA and the GfK research company have conducted extensive research into diamond consumers in the US and China, and found that in both countries they are interested in buying diamond jewelry, are planning to buy it in the future, and purchase for themselves much more often than as a gift.   The USA is the world's largest consumer market of diamond jewelry, and China is...Read More

NPD Group Taps New Watch & Luxury Analyst

Jan 31, 2018 / Rapaport News

RAPAPORT... US market research company NPD Group has hired ReginaldBrack (pictured) as its analyst for the watch and luxury industry."We are delighted to have Reg join our team, and excited forthe added depth of insight into the watch and luxury markets that he willprovide to our clients and retail partners," said Lori Monaco, president of US fashionfootwear, accessories, luxury watches and j...Read More

New Guidelines Clarify: 'Diamond' Means 'Natural'

Jan 31, 2018 / Rapaport News

RAPAPORT... Leading groups in the diamond and jewelry sectors have collaboratedto publish a universal standard to use when referring to natural diamonds and synthetics. The Diamond Terminology Guideline is a reference on diamondvocabulary for all sector organizations,traders and retailers to use, nine industry bodies said in a joint statement Tuesday.   The document stipulates that the w...Read More

Rough Market Upbeat at $665M De Beers Sight

Jan 31, 2018 / Rapaport News

RAPAPORT... Rough-diamond demand was strong at De Beers' January sight, as manufacturers plan to increase their production in anticipation of post-holiday orders from retailers.The mining company reported proceeds of $665 million in its firstsales cycle of the year, which included last week's sight in Gaborone,Botswana, as well as its rough auctions. While that figure was 9% lower thanthe $72...Read More

NPD Group Taps Watch and Luxury Analyst

Jan 31, 2018 / Rapaport News

RAPAPORT... US market research company NPD Group has hired ReginaldBrack (pictured) as its analyst for the watch and luxury industry."We are delighted to have Reg join our team, and excited forthe added depth of insight into the watch and luxury markets that he willprovide to our clients and retail partners," said Lori Monaco, president of US fashionfootwear, accessories, luxury watches and j...Read More

Asia Drives Growth in Swiss Watch Exports

Jan 30, 2018 / Rapaport News

RAPAPORT... Swiss watch exports grew last year amid stronger demand fromAsian markets, the Federation of the Swiss Watch Industry reported Tuesday.Exports for 2017 increased 2.7% year on year to $21.29billion (CHF 19.92 billion). Shipments to China jumped 19% to $1.64 billion(CHF 1.54 billion), while supply to Hong Kong rose 6% to $2.7billion (CHF 2.52 billion). Those improvements outweighed...Read More

Indian Bourse to Hold First Diamond Week

Jan 30, 2018 / Rapaport News

RAPAPORT... The Bharat Diamond Bourse (BDB) will host its first Indian DiamondWeek, featuring 200 to 250 polished-diamond companies, the organization saidMonday. The event, which will take place in April in Mumbai, aims tofoster connections between global buyers and Indian bourse members. While WorldFederation of Diamond Bourses (WFDB) members will receive priority, the eventis open to all diamond...Read More

De Beers Reports Provisional Sales of $665M of Rough at 1st Sale of 2018

January 30, 18 / Albert Robinson

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $665 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018, due to industry restocking following the holiday sales season.   Bruce Cleaver, CEO, De Beers Group, said: "Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to...Read More

Industry restocking boosts De Beers' cycle one rough diamond sales

30th January 2018 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) – Diamond miner De Beers achieved an “encouraging” sales performance in the first sales cycle of this year, with industry restocking contributing to increased demand for rough diamonds.The company sold $665-million worth of diamonds in the sales cycle, compared with sales of $445-million in the tenth cycle of 2017.Advertisement“This seasonal...Read More

GIA Allocates $2M for New Scholarships

Jan 30, 2018 / Rapaport News

RAPAPORT... The Gemological Institute of America (GIA) will offer $2million in scholarship funds in 2018 to students in its gemology and jewelry-manufacturing-arts programs.  The fund includes a new $500,000 endowment -the Charles and Erna Leutwyler Memorial Scholarship - named for two Texas jewelryretailers and GIA alumni, and donated by their estate. The scholarship provides$18,000 toward s...Read More

Diamond And Jewelry Organizations Present 'Diamond Terminology Guideline

January 30, 18 / Staff Reporter

(IDEX Online) - Nine of the leading diamond and jewelry industry organizations (AWDC, CIBJO, DPA, GJEPC, IDI, IDMA, USJC, WDC and WFDB) have released a jointly developed Diamond Terminology Guideline.   It aims to encourage full, fair and effective use of a clear and accessible terminology for diamonds and synthetics diamonds by all sector bodies, organizations, traders and retailers.  ...Read More

Mountain Province to buy exploration-spinout Kennady Diamonds for C$176m

30th January 2018 / Henry Lazenby     

VANCOUVER (miningweekly.com) – TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds has signed a definitive arrangement agreement whereby it will buy its exploration spinout Kennady Diamonds in an all-scrip deal worth about C$176-million, the companies announced on Monday.News of the transaction buoyed Kennady's TSX-V-listed stock, lifting shares more than 20% to C$3.31 api...Read More

Mountain Province Acquires Kennady Project

Jan 30, 2018 / Rapaport News

RAPAPORT... Mountain Province Diamonds will purchase exploration group KennadyDiamonds in an all-share deal, reuniting two Canadian companies that split fiveyears ago. For each Kennady share, its investors will receive 0.975 ofa Mountain Province share, valuing Kennady at $142.7 million (CAD 176 million),the miners said Monday. Once the transaction is complete, Mountain Province shareholderswill o...Read More

Prices Improve at Stornoway Rough Tender

Jan 30, 2018 / Rapaport News

RAPAPORT... Rough prices rose at Stornoway Diamond Corporation's firstsale of 2018 as the market improved and the company sold higher-quality productionfrom its Renard mine. Last week's tender in Antwerp achieved an average price of$104 per carat, Stornoway's highest price to date, the miner reported Monday. Somelarger diamonds fetched $140 per carat, while 24 stones above 10.8 carats wentfor an a...Read More

The Industry's Top 12 Trends for 2018

Jan 30, 2018 / Jennifer Heebner

RAPAPORT...Trend forecasting is equal parts science and art - you needto be widely aware of key happenings in your industry, and discerning enough toknow which ones will be most influential. Fortunately for readers, RapaportMagazine has been paying attention, and has tapped the savvy minds of thejewelry trade to get a sense of what's coming. Below are the fruits of theseefforts: 12 trends affectin...Read More

De Beers to Auction Other Miners' Diamonds

Jan 30, 2018 / Leah Meirovich

RAPAPORT... De Beers' auctions division will sell diamonds from othermining companies so clients can access a broader range of goods. The company will pilot the new program this year, making iteasier for customers to buy their entire supply in one place, Neil Ventura, DeBeers' executive vice president of auction sales, said in a blog post Monday. DeBeers will use the test period to determine wheth...Read More

Botswana's rough diamond exports fell 17% last year

30th January 2018 / Reuters     

GABORONE – Botswana's rough diamond exports fell by 17% in 2017 to 36.03-billion pula ($4-billion) due to weak demand in the second half of the year, central bank data showed on Tuesday.Diamond production in Botswana is predominantly from Debswana, an equal partnership between government and Anglo American’s diamond unit, De Beers.AdvertisementThe central bank did not provides figu...Read More

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