RAPAPORT... Phillips has appointed Susan Abeles head of jewelry for theAmericas, the auction house said Friday. Abeles (pictured), who will be based at the company's New Yorkheadquarters, has been tasked with creating a jewelry team there, as well asworking with clients on consignment projects. She will also take on the role of senior international specialist, and will be in charge of Phillips'fir...Read More
(IDEX Online) - The Dubai Multi Commodities Centre (DMCC) a leading global free zone for trade and enterprise, announced that the Dubai Diamond Exchange (DDE) has signed a strategic partnership with Stargems, which specializes in the sourcing and supply of fine diamonds, to host rough diamond tenders this year. The agreement enables international members, miners and suppliers to trade and d...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) in Mumbai, expects at least 1,000 visitors from India and abroad to take part in the first Bharat Diamond Week, to be held at the exchange from April 23-25, the exchange said. The event will see 225 Indian companies displaying polished diamonds to buyers from across the world. "We have seen enormous interest in the Bharat Diamond Week,...Read More
RAPAPORT... Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday. The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones sold for far more than their initial asking prices, Yury Okoemov, deputy CEO of Alrosa, said. "More than 100 companies from different geographical tradeand manufacturi...Read More
(IDEX Online) - The Gem and Jewelry Institute of Thailand (GIT) has announced the launch of 'Inheritance and Identities', a project aimed at highlighting the country's community gem and jewelry industry. "This is one of our key projects in 2018," said Duangkamol Jiambutr, the director of GIT, says. "Our main objectives are to enhance the capability of the workforce in the gem and jewelry in...Read More
RAPAPORT... Israel's polished-diamond exports continued to decline in2017, dropping 4% to $4.48 billion. In volume, outbound polished-diamond shipments fell 6% to1.7 million carats in 2017, the nation's Ministry of Economy and Industryreported last week. The average price for polished exports increased 2% to$2,588 per carat. Exports to the US, a highly important market for the Israeli trade, slid...Read More
(IDEX Online) - The 9th edition of Antwerpsche Diamantkring's Antwerp Rough Diamond Days got off to a strong start on February 14 with rough sales taking place at a brisk pace on the opening day. Keen interest was shown by visiting Israeli and Indian buyers, as well as by local Antwerp dealers and cutters, at the event at the Kring, Antwerp's rough diamond bourse, which concluded on F...Read More
(IDEX Online) - ALROSA sold 105 gemstones with a total weight of 1,665 carats for $13.7 million at an auction of special size rough diamonds over 10.8 carats at the International Diamond Week in Israel (IDWI). "More than 100 companies from different geographical trade and manufacturing centers took part in the auction, 39 companies were recognized as winners, most of them from Israel," said...Read More
RAPAPORT... Phillips has appointed Susan Abeles head of jewelry for theAmericas, the auction house said Friday. Abeles (pictured), who will be based at the company's New Yorkheadquarters, has been tasked with creating a jewelry team there, as well asworking with clients on consignment projects. She will also take on the role of senior international specialist, and will be in charge of Phillips'fir...Read More
RAPAPORT... Three UK suppliers are collaborating on a one-day fair inLondon that will feature only ethically sourced and traceable gemstones forpurchase by jewelry designers. Stuart Pool of Nineteen48, KathyChappell of Fair Trade Gemstones and Ian Bone of Queensland,Australia-based Capricorn Gems will present stones at the March 13 event. All the goods on show will include full provenancedetails,...Read More
RAPAPORT... Three UK suppliers are collaborating on a one-day fair inLondon that will feature only ethically sourced and traceable gemstones forpurchase by jewelry designers. Stuart Pool of Nineteen48, KathyChappell of Fair Trade Gemstones and Ian Bone of Queensland,Australia-based Capricorn Gems will present stones at the March 13 event. All the goods on show will include full provenancedetails,...Read More
RAPAPORT... Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday. The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones sold for far more than their initial asking prices, Yury Okoemov, deputy CEO of Alrosa, said. "More than 100 companies from different geographical tradeand manufacturi...Read More
ALROSA, the world's largest diamond mining company, summed up the results of the contest "She said "YES!" and chose the most interesting idea of a marriage proposal.A young man from Moscow has become a winner. His name and the idea will remain a secret not to ruin the surprise for his dearie. He will receive a diamond ring as a reward to translate the wish into reality. ALROSA plans to follow the...Read More
JOHANNESBURG (miningweekly.com) – Despite positive sentiment and improving commodity prices, the African mining industry continues to face immense challenges, says Montero Mining and Exploration CEO Dr Antony Harwood.Addressing the African Mining Network’s (AMN’s) thirty-ninth networking dinner, on Thursday evening, he touched on the rapid development of new technologies such as...Read More
JOHANNESBURG (miningweekly.com) – Herbert Smith Freehills partner and Africa co-chairperson Peter Leon is cautiously optimistic that the changes signalled by newly elected President Cyril Ramaphosa will benefit South Africa’s economic recovery.In a speech to the British Chamber of Business in South Africa on Thursday evening, he noted that South Africa’s fifth President since the...Read More
In tandem with the yearly mining investment conference, Investing in African Mining Indaba, digital industrial company GE launched its global Digital Mine solution onto the South African market. The Mining Indaba ran from February 5 to 8in Cape Town.Advertisement Reliability GE Transportation introduced the Digital Minesuite of technologies to assist miners in improving performance, reliability a...Read More
JOHANNESBURG (miningweekly.com) - Diamond miner Alrosa has opened a contest with a 1.5-million-rouble reward for the best solution to resume underground mining at its Mir deposit, where operations were suspended in August last year owing to a flood that killed eight people.The company said this week that it had received and reviewed applications from Alrosa employees, representatives of Russian an...Read More
Rising mineral prices and the increasing difficulties to earn a living from agriculture, have led to an explosive growth in global artisanal and small-scale mining (ASM) in the last few years.The activity is emerging as an significant socio-economic sector in a number of developing nations, to the point it has become a major of revenue for millions of people in about 80 countries worldwide - mostl...Read More
Polished prices firm, supported by shortage of selectfine-cut (3X, no-fluorescence) diamonds. Trading slow as Chinese buyers take vacationduring the Lunar New Year. Dealers hoping strong festival jewelry sales willboost diamond demand at Hong Kong show (Feb. 27-Mar. 3). US stable. Roughmarket busy as cutters raise polished production. Alrosa Jan. sales $499M.Small miners see higher prices at rough...Read More
(IDEX Online) - Real is a Diamond has launched three videos during the live on-air and digital broadcast of the 2018 Winter Olympics in Pyeongchang, the Diamond Producers Association (DPA) said in a statement. "The Making of a Gem" video shorts were developed to showcase the striking similarities between the unique journey of an athlete on the rise, and a diamond tapping into the emotional...Read More