RAPAPORT... De Beers' sales volume fell 15% to 7.5 million carats in thefirst quarter, as overall demand for lower-value rough goods remained soft.Production for the three months ending March 31 dropped 8%to 7.9 million carats due to lower output from the company's South Africanoperations. Total carat recovery in the country plunged 65% to 382,000, with thecompany transitioning its Venetia project...Read More
RAPAPORT... Lucara Diamond Corp. has recovered the largest diamond unearthed in Botswana. The 1,758-carat stone, from the Karowe mine, has been characterized as near-gem, with its quality varying throughout the diamond, Lucara said last week. Portions of it arehigh-quality white gem, the miner explained. The company extracted the stone in an unbroken state using technology that it commissioned in...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has updated its Code of Practices (COP) to include silver jewelry and color gemstones, significantly expanding the reach of the standards organization.The code, which defines due-diligence and social-responsibility requirements for the industry, also outlines new requirements for the detection of laboratory-grown diamonds, the group announce...Read More
Lucara Diamond Corp. mined a 1,758 carat diamond) at its Karowe Diamond Mine in Botswana. One of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond to be mined at Karowe to date, the unbroken 1,758 carat stone was recovered through Lucara's XRT circuit. Weighing close to 352 grams and measuring 83mm x 62mm x 46mm, the diamo...Read More
Alrosa, the world's leading producer of diamonds, told Reuters that the company expects a drop in its sales in 2019 due to weaker demand for polished diamonds from China. "We will not reach last year's sales numbers," Evgeniy Agureev, director of sales for Alrosa, said. In 2018, sales rose 6 percent from the previous year to $4.5 billion but the trend has changed, he said. Aguree...Read More
Women's Wear Daily (WWD), the influential online fashion business, trend and info hub, said that data from Coresight Research had tallied store closures of more than 8,000 in 2017 in the US. In 2018, there were more than 5,500 units that shuttered. And at current levels, store closures this year will exceed last year's numbers, WDD reported. WWD quoted a report from David Bassuk and Joel...Read More
Christie's is to auction the "Maharajas & Mughal Magnificence" collection in New York, June 19th. Speaking about this collection, Rahul Kadakia, Christie's International Head of Jewellery, said that the collection was made up of royal jewels and jeweled objects that date back nearly 500 years to the early part of the Mughal dynasty, which ruled in India from 1526 to 1857. The collect...Read More
The Angolan government has forcefully expelled more than 40,000 foreign citizens, arguing they were illegally dwelling in Angola. The foreigners were deported from the country since last January to date, under the ongoing Operation Transparency. At a press briefing on Thursday in Saurimo City, eastern Lunda Sul Province, given by the spokesman of Operation Transparency, Antonio Bernardo, Angola�...Read More
Zimbabwe's Sunday Times reported that the Zim government will, in the next few weeks, announce at least two more investors that are expected to deploy huge foreign capital in the country's platinum sector as scores of local and foreign investors fall in love with the government's "Zimbabwe is Open for Business" mantra. The platinum sector is one of the few sectors in the economy that is...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
An ominous trend, indicating US consumers are in far worse shape than assumed by conventional wisdom, has re-emerged.Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2019) - Outcrop Gold Corp (OCG) (Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2019) - Outcrop Gold Corp (OCG) (Read full newsRead More
A Canadian company is moving ahead with plans to reopen a gold mine in the heart of California's Castle Mountains National Monument, just across the state line from Searchlight.Read full newsRead More
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