RAPAPORT... Petra Diamonds' sales fell in the first fiscal half afterthe Tanzanian government confiscated a parcel of rough stones from itsWilliamson mine. Authorities seized 71,654 carats destined for Antwerp inSeptember, claiming that Petra had undervalued thegoods, according to reports. While production at Williamson has resumed following a four-day closure immediatelyafter the incident, the go...Read More
(IDEX Online) - The first India Diamond Week will be held at the Bharat Diamond Bourse (BDB) in Mumbai, India, from April 25-27. The event will see 200-250 Indian companies displaying polished diamonds to buyers from across the world. Bharat Diamond Bourse Vice-President Mehul Shah, who is heading the India Diamond Week project, said that the BDB will be booking around 100-200 compl...Read More
JOHANNESBURG (miningweekly.com) – After a two-year procrastination, the Department of Mineral Resources (DMR) has approved 16 prospecting licence applications submitted by De Beers Consolidated Mines (DBCM).The licences are all in the Kimberley area of the Northern Cape, where DBCM began mining diamonds 130 years ago. (Also watch attached Creamer Media video. At the time of the video intervi...Read More
(IDEX Online) - Organizers of the Carat+ fair report that feedback from visitors in 2017 has encouraged the specialist loose diamond and diamond jewelry event to hold a curated Colored Gemstones Sector at this year's show. "This carefully curated new show feature will host world-renowned exhibitors, offering a vast array of loose colored gemstones, gemstone sets, fantasy cuts, carvings...Read More
(IDEX Online) - Petra Diamonds reports production up 10 percent to 2,208,056 carats for the half-year 2018 (H1 FY 2017: 2,015,087 carats), in line with H1 guidance of 2.2 - 2.3 Mcts (million carats). This represents record production for any six month period for the company, it added. Petra is guiding for a lower grade at Cullinan, largely offset by a higher average diamond price, resulting...Read More
(IDEX Online) - ALROSA is holding a "She said "YES!" contest for the most creative marriage proposal. The competition started in December 2017 and will last until February 14, with the winner receiving a diamond ring to translate the idea into reality. To date, about 40 have been received. The most original proposal scenario will be followed by the video with participation of real c...Read More
(IDEX Online) - The Diamond Dealers Club (DDC) of New York, in conjunction with the Gem & Jewellery Export Promotion Council (GJEPC), hosted over 60 exhibitors and several hundred buyers at its seventh India Diamond Week on the DDC's new, state-of-the-art trading floor at the International Gem Tower in Manhattan. "We are so proud to inaugurate our brand-new trading floor with the fulfi...Read More
(IDEX Online) - The ALROSA Group's diamond production last year totaled 39.6 million carats, up by 6% year-on-year. "Despite the shutdown of the Mir underground mine in view of the accident in August 2017, the company delivered on the annual diamond production plan," said Igor Sobolev, First Vice President of ALROSA. "The key drivers for diamond production growth were higher output at...Read More
JOHANNESBURG (miningweekly.com) - In the six months to December 31, LSE-listed Petra Diamonds saw a 10% production increase to 2.2-million carats across its operations, which was in line with guidance.This represented record production for any six-month period for the company.AdvertisementThis year, Petra is guiding for a lower grade at Cullinan, largely offset by a higher average diamond price, r...Read More
RAPAPORT... The Diamond Dealers Club (DDC) of New York hasmoved into its new home in the International Gem Tower. The opening event at the upgradedpremises was the seventh India Diamond Week, which attracted more than 60 exhibitorsand several hundred buyers, organizers said. "The response to our new space has beenincredibly encouraging, with many companies from both New York and overseasagre...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
RAPAPORT... Alrosa sold more diamonds than it mined in 2017, even as production grew.The Russian miner reported sales volume of 41.2 million carats for the year, up 3% from the amount it reported for 2016. Meanwhile, output rose 6% year on year to 39.6 million carats, the company said Friday.Higher production at the Aikhal, Udachny and Nyurba divisions compensated for a 13% drop at Mirny, after Al...Read More
RAPAPORT... In the Loupe - The Rapaport Diamond Podcast is back.In episode 2, Rapaport's editorial team discusses blockchain, omni-channelretail, and the debatable effectiveness of the Kimberley Process. Plus, aninterview with Jean-Marc Lieberherr, CEO of the Diamond Producers Association.Listen to the podcast below, or click here: lp.diamonds.net/podcast.Read More
RAPAPORT... The Diamond Dealers Club (DDC) of New York hasmoved into its new home in the International Gem Tower. The opening event at the upgradedpremises was the seventh India Diamond Week, which attracted more than 60 exhibitorsand several hundred buyers, organizers said. "The response to our new space has beenincredibly encouraging, with many companies from both New York and overseasagre...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
RAPAPORT... Alrosa sold more diamonds than it mined in 2017, even as production grew.The Russian miner reported sales volume of 41.2 million carats for the year, up 3% from the amount it reported for 2016. Meanwhile, output rose 6% year on year to 39.6 million carats, the company said Friday.Higher production at the Aikhal, Udachny and Nyurba divisions compensated for a 13% drop at Mirny, after Al...Read More
ALROSA, the world's largest diamond mining company, continues the contest "She said "YES!" for the most creative idea of a marriage proposal. The competition started in December 2017 and will last until February 14, 2018. The winner will receive a diamond ring as a reward to translate the idea into reality.Applications to the contest are accepted at a special email address: [email protected]. To...Read More
Russian state-controlled diamond miner Alrosa increased fourth-quarter production by 6 percent year-on-year to 10.1 million carats as a shutdown at its Mir mine was offset by higher output at other assets.The Russian government has been considering selling part of its stake in Alrosa, the world's largest producer of rough diamonds, as part of its privatisation programme.But that is off the agenda...Read More
JOHANNESBURG (miningweekly.com) - Alrosa CEO Sergey Ivanov and Angolan President João Lourenço this week held their second meeting to discuss issues related to the closing of the transaction to increase Alrosa's shareholding in Catoca Mining to 41%."Recently, we have seen positive changes related to increasing of transparency and improving the investment climate in Angola. I...Read More
Improving commodity prices and upward trends in global demand, especially from major South African trading partners, are expected toreinvigorate the mining industry,enabling it to perform relatively well throughout 2018, the Department of Mineral Resources (DMR) states. The DMR notes that, with regard to the disputes pertaining to the Mining Charter and the extended legislative process for the Min...Read More