Diamond stocks Articles

World Makes More Time for Swiss Watches

Dec 21, 2017 / Rapaport News

RAPAPORT... Swiss watch exports continued to rebound in November as shipments to China grew by the highest margin in more than two years. Total exports across all watch categories rose 6% year on year to $2 billion (CHF 1.98billion), the Federation of the Swiss Watch Industry announced Thursday. Hong Kong recorded its eighth positive month for the year,with a 4% rise to $263.1 million (CHF 259.7 m...Read More

Synthetics Dominate Top 10 Stories of the Year

Dec 21, 2017 / Joshua Freedman

RAPAPORT... Global news followers will likely remember 2017 as the year of sexual-harassmentclaims, the fall of Robert Mugabe, and Donald Trump's entry into power. But manyin the diamond trade had their minds focused on topics far closer to home,judging by what they were clicking on this year.Readers of Diamonds.net were most drawn to articlesthat were likely to strike fear into their hearts. And...Read More

Graff Buys 476ct. Prosperity Diamond for $16.5M

Dec 21, 2017 / Rapaport News

RAPAPORT... Graff Diamonds has spent $16.5 million on the 476-carat Meya Prosperity diamond,the second high-profile Sierra Leone rough stone that the luxury jeweler has bought this month. Meya Mining, a subsidiary of TrustcoResources and Germinate Sierra Leone, recovered the stone last monthduring its first extraction of diamonds from its mine in the nation's Konodistrict. The company later named...Read More

Diamcor Third-Quarter Rough Sales Decline

Dec 21, 2017 / Rapaport News

RAPAPORT... Diamcor's tender results showed a lower number of carats soldin the third fiscal quarter that started October 1, with the company citing water-recovery issues. The company sold a total of 4,354 carats of rough diamondsfor $864,546 at an average price of $199 per carat. Sales value decreased 27% from the third quarter lastyear, while volume slumped 54%, according to Rapaport calculation...Read More

#OnlyinCanada: Homeless man helps recover lost diamond ring

Dec. 20, 2017, 4:31 PM / Valentina Ruiz Leotaud

A homeless youth who got a 14-carat gold ring with square-cut diamonds by mistake has returned the jewel to its owner.Trinda Gajek, a nurse working in Nanaimo, British Columbia, had put the ring inside her wallet and lost it when she dumped all the change she had into the hands of the youth.According to her account, which was reported on by CHEK News, the incident took place while she was waiting...Read More

Value of top 50 mining companies surge $140 billion in 2017

Dec. 20, 2017, 3:43 PM / Frik Els

Heading into 2018 the world's 50 largest listed firms are worth a collective $896 billion, adding $141 billion in combined market capitalization year-to-date, with the bulk of those gains recorded since July.Go back to the start of the mining industry's upswing around 18 months ago and $227 billion of wealth has been created for shareholders of the MINING.com Top 50.The top 10 make up more than ha...Read More

Auctioneers Tickled Pink by 2017 Jewelry Sales

Dec 20, 2017 / Rapaport News

RAPAPORT... Christie's and Sotheby's saw combined jewelry sales of morethan $1 billion this year as major pieces smashed auction records. While neither company released a year-on-year comparison,Christie's described 2017 as a "stellar year" for its jewelry department. Christie'sreported worldwide jewelry sales of $556.7 million for the year, while Sotheby'sgarnered $551.3 million, it said.Both auc...Read More

Alrosa Makes Rare Foray into Generic Marketing

Dec 20, 2017 / Joshua Freedman

RAPAPORT... Alrosa is attempting to engineer a Russian culture ofbuying engagement rings, after launching an advertising campaign promoting diamonds as an emotional symbol. The miner, which has traditionally focused on its corebusiness of extracting rough diamonds, is trying to capture the publicimagination through a video campaign and competition that encourages consumersto pitch innovative ways...Read More

Firestone Diamonds Extends Option Period For Sale of BK11 Project

December 20, 17 / Staff Reporter

(IDEX Online) - Firestone Diamonds, a diamond producer with operations focused in Lesotho, said it has agreed to extend the option period granted to Amulet Diamond Corporation to purchase Firestone's BK11 asset until December 31. The BK11 project in Botswana is currently on care and maintenance status. As previously announced, Amulet is funding the construction and operation of a bulk sampl...Read More

Stellar narrows loss as Tongo-Tonguma project construction continues

20th December 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - Aim-listed Stellar Diamonds has narrowed its full-year loss while continuing to make progress on developing its Tongo diamond project, in Sierra Leone.For the financial year ended June 30, the company reported a pretax loss of $2.3-million, compared with $7.1-million a year earlier.AdvertisementThe miner did not recognise revenue during the year, nil compared with $4...Read More

New Geneva Show to Tap Jewelry-Auction Audience

Dec 20, 2017 / Rapaport News

RAPAPORT... A new jewelry trade fair will come onto the scene in Genevanext year, hoping to capitalize on the strong buyer attendance at the auctions that take place in the Swiss city. The Geneva International Gem & Jewellery Show (GemGenve) willtake place at the Palexpo center from May 10 to 13, coinciding with major jewelry auctions that draw high-end buyers to the city each year. The show will...Read More

Auctioneers Tickled Pink by 2017 Jewelry Sales

Dec 20, 2017 / Rapaport News

RAPAPORT... Christie's and Sotheby's saw combined jewelry sales of morethan $1 billion this year as major pieces smashed auction records. While neither company released a year-on-year comparison,Christie's described 2017 as a "stellar year" for its jewelry department. Christie'sreported worldwide jewelry sales of $556.7 million for the year, while Sotheby'sgarnered $551.3 million, it said.Both auc...Read More

Alrosa Makes Rare Foray into Generic Marketing

Dec 20, 2017 / Joshua Freedman

RAPAPORT... Alrosa is attempting to engineer a Russian culture ofbuying engagement rings, after launching an advertising campaign promoting diamonds as an emotional symbol.  The miner, which has traditionally focused on its corebusiness of extracting rough diamonds, is trying to capture the publicimagination through a video campaign and competition that encourages consumersto pitch innov...Read More

New Geneva Show to Tap Jewelry-Auction Audience

Dec 20, 2017 / Rapaport News

RAPAPORT... A new jewelry trade fair will come onto the scene in Genevanext year, hoping to capitalize on the strong buyer attendance at the auctions that take place in the Swiss city. The Geneva International Gem & Jewellery Show (GemGenve) willtake place at the Palexpo center from May 10 to 13, coinciding with major jewelry auctions that draw high-end buyers to the city each year. The s...Read More

Firestone extends sales agreement of BK11 asset

20th December 2017 / Megan van Wyngaardt     

JOHANNESBURG (miningweekly.com) – Lesotho-focused Firestone Diamonds has agreed to extend the option period granted to Amulet Diamond Corporation to purchase the Aim-listed company BK11 asset until December, 31, 2018.BK11 is a diamond asset in Botswana, currently on care and maintenance.AdvertisementAmulet was funding the construction and operation of a bulk sampling plant at the BK11 mine d...Read More

20% increase in rough diamond revenue despite waning consumer demand

Dec. 19, 2017, 5:02 PM / Nadia Lepak

A recently released annual report by the Antwerp World Diamond Centre (AWDC) and Bain & Company revealed that diamond producers experienced a 20% revenue increase in 2016 from the year prior.For the top five diamond producers, aggregate operating profit for 2016 rose about 3%. While rough-diamond prices experienced declines during 2015 and 2016, the industry turned around in 2017. Polished diamond...Read More

Signet's Brands Sink in Popularity Among Women

Dec 19, 2017 / Rapaport News

RAPAPORT... Recent publicity over sexual-harassment allegations againstSignet Jewelers may be a factor in the recent slide in the attitude of women towardthe company's brands, according to YouGov BrandIndex.In the past year, Signet's brandperception has fallen, as has its "purchase consideration" - the likelihoodthat a consumer will buy from one company above another. Some 7% of women wouldconside...Read More

NRF: Nov Retail Sales Up 6% On Year, Holiday Spending To Meet Forecast

December 19, 17 / Albert Robinson

(IDEX Online) - Retail sales in November increased 0.9 percent over October on a seasonally adjusted basis and were up 6 percent year-over-year unadjusted, according to calculations released by the National Retail Federation. Online and other non-store sales grew 10.5 percent year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaur...Read More

India's IDCA Elects New Leaders

Dec 19, 2017 / Rapaport News

RAPAPORT... The Indian Diamond & Colorstone Association (IDCA) haselected a new board of directors, replacing its president and welcoming itsfirst female member, the organization announced Monday. The IDCA last week voted in Nilesh Sheth of Nice Diamonds as president, and Shailesh Jhalani from Prompt Gem Importers as vice president. They will takeover from outgoing president Ashok Sancheti and vic...Read More

Zimnisky Diamond Price Index rises as demand improves

December 19, 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - The Zimnisky Global Rough Diamond Price Index has gained 2.7% up to mid-December, with polished prices are down 3.5% in the same period, diamond analyst Paul Zimnisky said in a new blog post.The reason for this, according to the New York-based analyst, is that 2017 has been a year of excess inventory shifting from the upstream segment of the diamond industry to the m...Read More