RAPAPORT... Dominion Diamond Mines will integrate the Sarine DiamondJourney into its CanadaMark website, enabling consumers to track thedevelopment of their diamonds from mine to retail, Sarine Technologies saidrecently.The system was launched on the miner's website atthe Hong Kong International Jewellery Show earlier in March, providing imagesof the diamond through its journey along the supply ch...Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) has received a $100,000grant for its "Diamonds Do Good" initiative, the group said last week. The JCK Industry Fund - which helped launch theprogram three years ago - has again provided funding for the campaign, aimed atinforming consumers about the industry's contributions to society. "Putting forward a positive narrative surrounding diamondsis esse...Read More
RAPAPORT... The National Museum in Prague has discovered a number of fakestones, including diamonds, sapphires and rubies, it saidlast week.The stones were found during an audit of the gemcollection while the museum was undergoing renovations. The Czech museum is remodelingin honor of the country's 100th anniversary, and will reopen inOctober, deputy director Michal Stehlik said in an interview wi...Read More
RAPAPORT... Dominion Diamond Mines will integrate the Sarine DiamondJourney into its CanadaMark website, enabling consumers to track thedevelopment of their diamonds from mine to retail, Sarine Technologies saidrecently.The system was launched on the miner's website atthe Hong Kong International Jewellery Show earlier in March, providing imagesof the diamond through its journey along the supply ch...Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) has received a $100,000grant for its "Diamonds Do Good" initiative, the group said last week. The JCK Industry Fund - which helped launch theprogram three years ago - has again provided funding for the campaign, aimed atinforming consumers about the industry's contributions to society. "Putting forward a positive narrative surrounding diamondsis esse...Read More
A multidisciplinary and multiethnic team of scientists just published a paper in Nature where they explain the implications of having found calcium silicate perovskites contained within a tiny South African diamond.The gem was dug from the Cullinan mine, located 40 kilometres east of Pretoria, where the world's largest rough diamond was found in 1905. The mine was also the source of two of the lar...Read More
JOHANNESBURG (miningweekly.com) – Shareholders of TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds and exploration group Kennady Diamonds will, on April 9, take a vote on whether to approve the merger of the companies.Mountain Province in January signed an arrangement agreement to acquire Kennady in an all-scrip deal worth about C$176-million.AdvertisementMountain Province...Read More
Diamond marketpositive despite slower-than-expected Hong Kong show. China outlook optimistic,with some uncertainty over unlimited Xi Jinping rule. Government relaxinganti-corruption measures, and consumers more confident about displaying wealth.Chinese female self-purchases rising. Hong Kong jewelry and watch sales +10% to$1B in Jan. Diamond buyers adapting to higher polished-price levels, with 1...Read More
(IDEX Online) - The JCK Industry Fund will again provide a grant to the Diamond Empowerment Fund (D.E.F) in support of its Diamonds Do Good Initiative, a consumer-facing initiative designed to highlight to consumers the collective good works of the diamond and jewelry industry. This year's grant is $100,000. Research shows 75% of consumers say they are more likely to purchase a diamond afte...Read More
RAPAPORT... Mobile payment app Mazalit has raised $1.9 million infunding from diamond companies, and aims to begin piloting thetechnology in the near future.Israel-based MID House of Diamonds, Benma Diamonds, Novel Collectionand HND Diamonds are among the new investors in the start-up, founder and CEOZe'ev Maimon told Rapaport News this week. It aims to use the money to developits technology to th...Read More
RAPAPORT... The Royal Canadian Mounted Police (RCMP) has arrestedand charged a man accused of stealing diamonds at the Diavik mine, the force saidWednesday. Samson Mkhitaryan is suspected of stealing more than $3,860 (CAD 5,000) in diamonds. The theft was "internal," the police noted. In February, Diavik Diamond Mines (DDM) - which Rio Tinto owns - reported the missing stones to the RCMP. The poli...Read More
RAPAPORT PRESS RELEASE, March 8, 2018, New York... Rapaport has released its newly redesigned report on themajor jewelry auction sales, providing detailed information on selling pricesin a clearer, more user-friendly format.Magnificent Jewels Auction Results presents comprehensivedata on sales of diamonds and colored gemstones at Christie's and Sotheby'sflagship auctions in New York, Geneva and Ho...Read More
RAPAPORT... Belgium's polished-diamond exports slid last month,according to data from the Antwerp World Diamond Centre (AWDC). Polished exports decreased 6% year on year to $1.28 billion in February and, by volume, fell 5% to 503,890 carats. The average price declined 1% to$2,535 per carat. Polished exports to the US slumped 21% to $201.2 million,while shipments to Hong Kong dropped 10% to $667.6...Read More
RAPAPORT... Gem Diamonds has recovered a 152-carat stone from its Let??eng mine in Lesotho, the company said Wednesday. The white, type IIa diamond is the sixthstone over 100 carats the miner has unearthed since the start of 2018. InJanuary, Gem Diamonds found a 910-carat stone, which it claimed was thefifth-largest rough stone in history. Gem Diamonds' recovery of large stones has drivenits stron...Read More
LONDON – Mining company BSG Resources (BSGR) on Wednesday said it had voluntarily entered into administration, adding it had taken the decision to protect itself as it faces legal action.BSGR, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in legal disputes in relation to the vast Simandou iron-ore project in Guinea.AdvertisementAs well as facing legal action, BS...Read More
Israeli billionaire Beny Steinmetz has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.(Image taken from Beny Steinmetz's website)* BSG Resources says operations will continue as normal* Says will "go the distance" with with its arbitration* Says it has done nothing wrongLONDON, March 7 (Reuters) - Mining company BSG Resources (BSGR) on Wed...Read More
Africa-focused Gem Diamonds (LON:GEMD) is having an extraordinary year so far as the small miner continues to find precious rocks bigger than 100 carats at its flagship Let??eng mine in Lesotho.On Wednesday, the England-based company said it had dug up a 152-carat, top white colour type IIa diamond, the sixth major find so far this year.In contrast, it discovered only seven diamonds bigger tha...Read More
RAPAPORT...The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties of the fallout was US jewelerFirestar Diamond, which, by virtue of being part of Modi's business empire,found itself thrust into a crisis. Firestar and two of...Read More
(IDEX Online) - ALROSA sold $1.032 billion of rough diamonds in the first two months of this year, with sales of almost $533 million in February. "In February, the core diamond markets were quite strong," said ALROSA Deputy CEO Yury Okoemov. "The diamond cutting sector continues replenishing stocks. Demand for diamond products was also backed up by good jewelry sales in China on the eve of...Read More
CAPE TOWN – South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday.Mining companies and South Africa's government have been at loggerheads for years over legislation that the industry warns could deter investment by changing t...Read More