Diamond stocks Articles

De Beers Raises Production Outlook

Dec 12, 2018 / Joshua Freedman

RAPAPORT... De Beers has increased its production forecasts for 2018 and the coming years, as the miner anticipates solid consumer demand. The diamond company expects output for the current year to reach 35 million to 36 million carats, the highest level since 2008, whereas it recovered 33.5 million carats in 2017, parent company Anglo American said Tuesday. Recovery levels will dip to betwee...Read More

De Beers Revises Production Forecast Upwards

December 12, 18 / Staff reporter

(IDEX Online) - De Beers has raised its forecast for output for this year to 35 million to 36 million carats, the highest level in a decade since demand was battered by the global financial crisis of 2008. The figure was revised upwards from 34 million to 36 million carats.   The updated figure compares with production of 33.5 million carats in 2017, according to a press statement from Anglo...Read More

Italian Exhibition Group Unveils New Vicenzaoro Brand Identity

December 12, 18 / Albert Robinson

(IDEX Online) - A little more than a month before the start of the winter edition of the Vicenzaoro show, which takes place from January 18th to 23, the Italian Exhibition Group S.p.A. (IEG) has unveiled the new brand identity of the exhibition which is to be officially launched at the fair.   FutureBrand, a brand consultancy company, was selected by IEG to rebrand the show and has done so al...Read More

Canadian Jewellers Association Executive Director Brian Land Steps Down

December 12, 18 / Staff Reporter

(IDEX Online) - The Canadian Jewellers Association (CJA) has announced changes to its management personnel, with Executive Director, Brian Land leaving the role and the Association following the completion of his scheduled 18-month contract.   He will continue to be involved with the CJA as a freelance writer, while Carla Adams, currently a manager in the Association office, will discharge t...Read More

Jamesallen.Com Officially Opens Retail Store In Washington DC

December 12, 18 / Albert Robinson

(IDEX Online) - Online diamond bridal jewelry retailer JamesAllen.com has officially opened its new brick and mortar retail store in Georgetown, Washington DC.   The firm said the store offers an OmniChannel experience by providing a new, complementary way for JamesAllen.com customers to explore, research, and purchase its products.   JamesAllen.com was acquired last year by Signet Jewe...Read More

Dominion Diamond Corp CEO Patrick Evans Steps Down After Just One Year

December 12, 18 / Staff Reporter

(IDEX Online) - In the third departure of a senior figure in less than a year, Dominion Diamond Corp Chief Executive Officer Patrick Evans left the company last week.   Evans left on December 5, but will remain as an adviser to the Canadian miner until the end of next year. He is being replaced by COO Shane Durgin.   Evans was named as CEO 13 months ago following the company's acqui...Read More

Enable meaningful participation, pleads Women in Mining chair  

12th December 2018 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – The Mining Charter has significant room for improvement to enable meaningful participation of women in mining, says Women in Mining South Africa (WiMSA) chairperson Lindiwe Nakedi.Soweto-born Nakedi, who owns Gubhani Exploration – a surface exploration drilling company that is currently the only 100% black women owned drilling company in South Africa...Read More

Anglo ending 2018 on high note, predicts higher output, lower costs

Dec. 11, 2018, 3:49 AM / Cecilia Jamasmie

Global miner Anglo American (LON:AAL) is ending 2018 on a high note, the company reported Tuesday. Anglo expects total production for the year to be 2% above of previous guidance, with costs decreasing by 5%."We are also confident about the outlook, with production expected to increase by 3% in 2019, with cost inflation fully absorbed by our productivity and cost improvements," chief executive Mar...Read More

Crypto Firms Bet on Diamond Opportunities

Dec 11, 2018 / Avi Krawitz

RAPAPORT... Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or "tokens," areconfident the asset class will offer a solution to challenges facing both thecrypto market and the diamond trade....Read More

Gem Group Clarifies Sapphire Color Requirement

Dec 11, 2018 / Rapaport News

RAPAPORT... Stones must have a stable color to qualify as padparadschasapphires, according to a ruling by the Laboratory Manual HarmonisationCommittee (LMHC), a global alliance of gemological groups.Gemstones that turn pink during a color-stability test donot meet the requirements for the term, LMHC concluded at a meeting in Lucerne,Switzerland, last month. The committee comprises representat...Read More

Tiffany Scores with Wealthier Immigrants

Dec 11, 2018 / Rapaport News

RAPAPORT... Tiffany & Co., Swarovski and Pandora are the preferredjewelry brands among more affluent immigrants in the US, according to a survey byMVI Marketing. Researchers asked 702 Asian-American, Hispanic andLatino-American consumers with an annual household income of $80,000 or more to name the threebrands whose jewelry they own. Tiffany was top, with 42% of respondents sayingthey ha...Read More

Zales Faces Suit over Jewelry Repair Plan

Dec 11, 2018 / Leah Meirovich

RAPAPORT... Zales Jewelers is embroiled in a dispute with a customerover whether the repair program that came with his diamond ring covered thesetting, or just the stone. Gordon Henry Lovette has sued the Signet Jewelers-owned retailer,claiming it failed to honor a lifetime-repair plan. Zales refusedto fix a loose stone in Lovette's ring earlier this year, even though he hadbrought it in for...Read More

ALROSA Reports Rough Sales In November Of $267M, Jan-Nov - $4.1B

December 11, 18 / Albert Robinson

(IDEX Online) - ALROSA sold $266.6 million of rough diamonds in November, and $4.1 billion worth in the first 11 months of 2018.   ALROSA's total sales in November of rough and polished diamonds were down 18% on the year to $274 million, with polished diamond sales of $7.4 million.   Meanwhile, total diamond sales in the January-November period increased by 3.7% on the year to $4.2...Read More

Lucapa Recovers 78-Ct White Diamond From Mothae Mine In Lesotho

December 11, 18 / Staff Reporter

(IDEX Online) - Lucapa Diamond Company has recovered a 78-carat white diamond from the Mothae mine in Lesotho.   The diamond (pictured above) is the largest special size stone recovered through the new 1.1Mtpa Mothae treatment plant following the commencement of commissioning and recovery of commercial diamonds and highlights Mothae's potential to regularly recover large diamonds, the miner s...Read More

Analysis: Crypto Firms Betting on Diamonds

Dec 11, 2018 / Avi Krawitz

RAPAPORT... Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or "tokens," areconfident the asset class will offer a solution to challenges facing both thecrypto market and the diamond trade....Read More

South Africa's mining production increases 0.5% y/y - Stats SA

11th December 2018 / Tasneem Bulbulia     

Mining production lifted marginally, by 0.5% year-on-year, in October, primarily on the back of strong growth in platinum group metals (PGMs), diamonds and manganese ore output, according to Statistics South Africa (Stats SA).Production of PGMs, which occupy the second-highest weighting in the minerals basket at 23.5%, increased by 21.4%, adding 4.3 percentage points to the headline number.Adverti...Read More

Alrosa Sees Upturn in Small-Stone Demand

Dec 10, 2018 / Rapaport News

RAPAPORT... Alrosa noted an improvement in demand for lower-value roughin November, even as total diamond sales dropped. Proceeds slid 18% year on year to $274 million for themonth, the miner said Monday. However, sales value and volume were higher thanin October, which "may be indicative of strengthening demand for low-cost,small-sized rough diamonds, which has been declining over the past few mo...Read More

James Allen Opens Washington Concept Store

Dec 10, 2018 / Rapaport News

RAPAPORT... Signet Jewelers has launched a brick-and-mortar conceptstore for its e-commerce brand James Allen. The store, which opened on Friday in the Georgetown area ofWashington, D.C., will feature an immersive gallery experience aimed at thebrand's younger consumer base, the retailer said last week.   "We're excited to continue executing Signet's customer-first,omni-channel stra...Read More

Phillips' First NY Jewelry Sale Brings in $2.4M

Dec 10, 2018 / Rapaport News

RAPAPORT... A Bulgari necklace fetched $200,000 at Phillips auctionhouse's first New York sale, exceeding its presale estimate of $120,000 to$180,000. The piece includes 39.35 carats of oval-shaped rubiesand 6 carats of round brilliant-cut diamonds. It was the top-selling lot at theauction, which earned $2.4 million overall, Phillips said. A ring featuring an emerald-cut, 4.91-carat, faint-pi...Read More

Dominion CEO Patrick Evans Exits

Dec 10, 2018 / Leah Meirovich

RAPAPORT... Dominion Diamond Mines CEO Patrick Evans has resigned withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion acquisition by Washington Companies. Prior to that, he was CEOof Mountain Province for 12 years. Shane Durgin, Dominion's chief operating officer, will take...Read More