A sparkling future beckons for the coloured gemstones market, avers financial portal Safehaven. It cites commenter Charles Kennedy, who believes that gemstone prices, which have been increasing steadily in the past decade, could continue to increase on the back of surging demand. “The price of emeralds, for example, has increased by 500% since 2010, according to Gemfields plc.”Advertis...Read More
JOHANNESBURG (miningweekly.com) - LSE-listed Gem Diamonds' CEO Clifford Elphick is pleased that the improvement in the recovery of greater than 100 ct diamonds at its Letšeng mine, in Lesotho, has continued into this year."This is largely attributable to the ongoing technical improvements made at the Letšeng mine," he said on Friday.AdvertisementLast month, the company...Read More
Brooking diamond updateLucapa Diamond Company Limited (ASX: LOM) ("Lucapa" or "the Company") and its partner, Leopold Diamond Company Pty Ltd, are pleased to provide the following update on the macro and micro diamonds recovered from the Little Spring Creek prospect at the Brooking diamond project in Western Australia's West Kimberley region (Refer ASX announcement 11 January 2018).Subsequent revi...Read More
In January 2018, ALROSA recovered two gem-quality stones weighing 97.92 carats and 85.62 carats, from Yubileynaya pipe at Aikhal Mining and Processing Division.A 97.92 carat rough diamond is a transparent octahedron yellow-hue crystal with small sulfide and olivine inclusions near the surface. The measures are 26 ?... 17 ?... 21 mm.The second rough diamond, a 85.62-carat stone, is also a transpare...Read More
Steady demand and firm prices.Chinese orders slow down as focus turns to consumers for Chinese New Year (Feb.16). Rising expectations for Year of the Dog, after China's gold, silver andjewelry sales +6% to $47.2B in 2017. Strong rough market during $665M De Beerssight, with dealers selling boxes at estimated 6% average premium. De Beers sellingthird-party rough on auction platform. Alrosa 2017 sal...Read More
(IDEX Online) - ALROSA recovered two gem-quality stones, weighing 97.92 carats and 85.62 carats, from the Yubileynaya pipe at Aikhal Mining and Processing Division last month. The 97.92 carat rough diamond (pictured above), is a transparent octahedron yellow-hue crystal with small sulfide and olivine inclusions near the surface. It measures 26 х 17 х 21 mm. The second r...Read More
Angola’s Sociedade Mineira de Catoca (Catoca Mining Company) is expecting to produce seven-million carats of diamonds this year. This was stated by company GM Sergei Amelin, the Macauhub news agency reported. He was speaking in the city of Saurimo, which is the capital of Lunda Sul province, where the Catoca diamond mine is located. Catoca is Angola’s biggest diamond mine, accounting f...Read More
(IDEX Online) - The membership of the World Jewelry & Diamond Hub, Panama, Latin America's first and only diamond exchange, has elected Edi Faltz as its new President. He replaces Mahesh Khemlani, who had served in the position since September 2015. The vote took place on January 10, following an earlier decision by the diamond exchange's management which appointed an...Read More
JOHANNESBURG (miningweekly.com) - Aim-listed Stellar Diamonds is in advanced negotiations regarding a possible share offer for the entire issued and to-be-issued share capital of the company by Australian exploration company Newfield Resources (NWF).Under the terms of the offer, Stellar's shareholders and the holders of rights over Stellar ordinary shares will receive in aggregate 95.5-million...Read More
(IDEX Online News) - There was a small decline in the IDEX polished diamond price index during January following a slight rise in December. The Index began the month at 120.88 and ended at 119.21. Outlook Sentiment in the diamond centers was ge...Read More
RAPAPORT... WD Lab Grown Diamonds has created and sold a round, 6-caratsynthetic diamond that it claims is the first of its size and shape made usingthe chemical vapor deposition (CVD) technique. "We're excited about our new world record for roundlab-grown diamonds," said Clive Hill, founder and chairman at WD Lab GrownDiamonds. "This 6-carat white diamond would price similarly to a 3.5-caratmined...Read More
(IDEX Online News) - For the first time in many months, there was a clear upward trend in prices of round diamonds in January with most categories showing rises. This was particularly the case with the 0.30-0.39 to 0.70-0.79 carat categories. There were relatively few decliners, although 0.45-0.49 carat diamonds in the L-M, IF-VVS1 category saw decreases of 2-3 percent, with similar declin...Read More
JOHANNESBURG (miningweekly.com) – TSX-listed Pangolin Diamonds has started a drill programme at its wholly-owned Malatswae and Moenyenana diamond projects, in Botswana.Drill results are expected to be announced by the end of the second quarter once analysed and confirmed by a qualified laboratory.Advertisement"We are encouraged by the team's hard work in identifying these targets an...Read More
RAPAPORT... Swiss watch and jewelry retailer Bucherer has acquiredTourneau, seeking a presence in the NorthAmerican luxury-timepiece market. "With over a century of expertise as the preeminent purveyorof fine watches in the US, Tourneau provides an exciting opportunity for theBucherer Group to establish a footprint and extend our offering of fine watchesand jewelry to the US," said Guid...Read More
(IDEX Online) - British actress and model, Elizabeth Hurley, will be the show ambassador and special guest for CARAT+ 2018 in May. The film and TV star will open CARAT+ Night on May 6, before meeting exhibitors and discovering the loose diamonds, diamond jewelry and colored gemstones on display. Elizabeth 'Liz' Hurley has long been associated with some of the world most glamorous and...Read More
ALROSA, the world leader in diamond mining, and GfK research company conducted an extensive research of diamond consumers in the US and China. Among other things, it demonstrates that consumers of both countries are interested in buying diamonds, they are planning to buy them in the future, and that they purchase for themselves much more often than as a gift.Today, the USA is the world's largest c...Read More
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
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
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
(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