RAPAPORT... Swiss-based luxury retailer Richemont has bought high-endjeweler Buccellati from China's Gangtai Group. Richemont, which also owns Cartier and Van Cleef &Arpels, closed the purchase of the 100% stake in the Italian jeweler last week.The luxury group reportedly tried to purchase an 85% share in Buccellati inDecember 2016 from its previous owner, Italian equity firm Clessidra, b...Read More
RAPAPORT... Global diamond-jewelry demand will decline 2% this year asstock-market volatility in the US is likely to affect consumer sentiment, UBSpredicted. "Demand in 2019 [to date] has been lackluster, and we expecta modest decline in global diamond-jewelry sales in [the 2019 fiscal year],"the investment bank said. UBS has been bearish about US stocks, and in May forecast that the S&P 500...Read More
RAPAPORT... A blue diamond ring by Van Cleef & Arpels fetched morethan double its high estimate at Bonhams, leading an auction where thedesigner's jewels proved popular. The emerald-cut, 2.17-carat, fancy-intense-blue,VVS2-clarity diamond, accented by round brilliant-cut diamonds, sold for $2.5million, or $1.2 million per carat, beating its $1.2 million high presaleestimate at last w...Read More
(IDEX Online) - The IDEX Polished Diamond Price Index showed little movement in September, with prices declining only slightly during the month. The Index began the month at 121.00 and ended it at 120.35.OutlookThe important September edition of the Hong Kong Jewellery and Gem Fair saw weaker-than-usual turnout. Hardly surprising given the tension over the ongoing pro-democracy demonstr...Read More
RAPAPORT... The World Diamond Council (WDC) has cautioned the trade to be vigilant when buying diamonds from the Central African Republic (CAR) since most of the country's rough is being smuggled across its borders.The Kimberley Process (KP) certifies production from six designated areas known as "green zones," which account for only a small portion of the country's rough supply. "People should k...Read More
(IDEX Online) - De Beers Group Auctions has appointed Alastair Bickerstaff as head of Product Development and Sales. The new role was created following the departure of the head of Sales and CRM and is intended to develop more synergy between product development and sales and to better address its customers product needs.The company said this appointment makes De Beers Group Auctions better placed...Read More
RAPAPORT... Lucara Diamond Corp has recovered two gem-quality coloreddiamonds from the high-value portion of its Karowe mine in Botswana. The company unearthed a 9.74-carat blue diamond and a4.13-carat pink from run-of-mine ore taken from the south lobe. The recovery follows the recent sale of a 2.24-carat blue from thesite for $347,222 per carat, the miner said last week. Lastmonth, the comp...Read More
(IDEX Online) - Helzberg Diamonds is offering the ultimate wedding service for engaged couples - a wedding service. The jewelry retailer has ordained hundreds of its associates across the U.S. enabling all Helzberg Diamonds stores to perform legal marriage ceremonies.The associates have been ordained through a partnership with the Universal Life Church. To get married in-store, couples need t...Read More
(IDEX Online) - Diamonds from Zimbabwe and gold from the Democratic Republic of the Congo (DRC) are among items from five countries seized at U.S. borders over suspicions of forced labor. In a statement released yesterday, U.S. Customs and Border Protection (CBP) singled out gold mined in artisanal small mines (ASM) in eastern Democratic Republic of the Congo (DRC) and rough diamonds from the...Read More
JOHANNESBURG (miningweekly.com) – Modern, sustainable and innovative mining was capable of building thriving mining communities that were healthier, better educated and employed in greater numbers, Anglo American CEO Mark Cutifani said on Wednesday when he delivered a keynote address at the Joburg Indaba.Cutifani said communities and governments wanted the company to partner with them to ach...Read More
Global diversified miner Anglo American CE Mark Cutifani has been inducted into the South African Mining Hall of Fame for his contribution to the industry over the last 12 years.Anglo American South Africa has about 50 000 employees, working at own- and subsidiary operations in the diamonds, platinum-group metals, iron-ore and coal sectors, across the country.AdvertisementThe Joburg Indaba So...Read More
JOHANNESBURG – Zimbabwe accused the US of ignorance after the US Customs and Border Protection announced it’s blocking rough diamond imports from the Marange fields because they were produced with forced labor.“It’s unfortunate that the US authorities have been misinformed or misled to believe that Zimbabwe is mining diamonds through forced labor,” government spokesma...Read More
Colorado School of Mines and the University of Denver have received a highly prestigious $1 million grant from the W.M. Keck Foundation in support of an inter-university research project that could potentially culminate in a new path toward quantum computing.The work of Mark Lusk, professor of physics at Mines, and Mark Siemens, associate professor in the Department of Physics and Astronomy at the...Read More
Hochschild Mining (LSE: HOC) has mined precious metal epithermal vein deposits in South America for nearly 50 years, and operates three underground mines: two in southern Peru, and one in southern Argentina. The mines produced 245,325 equivalent oz. gold, or 19.9 million equivalent oz. silver, in the first half of 2019, the second-highest production figures in the company's history.So investors co...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion mineralsLean mining and the fourth industrial revolutionSPONSOREDdassault systemesIt is often quoted that humans are appalling at making predictions, especially about the future.Read More
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