Diamond stocks Articles

India Polished Exports Flat During Summer Lull

Aug 23, 2017 / Rapaport News

RAPAPORT... India's polished diamond exports were steady in July, with dealers at the recent India International Jewellery Show (IIJS) noting a slowdown in global demand during the summer vacation period."US demand from big retailers has reduced, but the mid-tier jewelers are buying," said one Mumbai-based polished supplier. "Similarly, the Chinese buyers are coming back, but they're not buying li...Read More

ALROSA Appoints New Director Of Its Sales Division

August 23, 17 / Albert Robinson

(IDEX Online) - ALROSA has appointed Evgeny Agureev as Director of the United Selling Organization, its sales division. He was previously Vice President of Sberbank. ALROSA President Sergey Ivanov was previously senior vice president and head of the Welfare Management of Sberbank. Agureev has been given the job of developing rough diamonds sales, increasing efficiency and transparency and str...Read More

Sotheby's Frank Everett U-Turns on Graff Move

Aug 23, 2017 / Joshua Freedman

RAPAPORT... Sotheby's jewelry executive Frank Everett returned tothe auction house last week after a brief stint at Graff Diamonds.Everett (pictured) left Sotheby's at the end of June to join London-based Graff as its US salespresident, and on July 6 posted a photograph on Instagram of his first day atthe jeweler. However, in an update Tuesday, he informed his social-mediafollowers of his reversal...Read More

Dominion Diamond Preparing For Special Meeting Of Shareholders On Acquisition

August 23, 17 / Albert Robinson

(IDEX Online) - Dominion Diamond Corporation has mailed a management information circular and related materials ahead of a special meeting of shareholders to approve its acquisition by Northwest Acquisitions ULC. The firm is part of The Washington Companies which has agreed to acquire all of the issued and outstanding common shares of the company for $14.25 per share in cash, or $1.2 billion....Read More

Stornoway Names Permanent CFO

Aug 23, 2017 / Rapaport News

RAPAPORT... Stornoway Diamond Corporation has appointed Orin Baranowskyas its chief financial officer with immediate effect, the miner announcedTuesday.Baranowsky (pictured) joined Stornoway in 2013 and has served asvice president for investor relations and corporate development. He becameinterim CFO in April following the resignation of Robert Chausse. "Orin was part of thesenior management team...Read More

Sberbank VP joins Alrosa as head of sales division

23rd August 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - Russian diamond mining group Alrosa has appointed former Sberbank VP Evgeny Agureev as director of its sales division.Agureev is succeeding Yury Okoemov, who acted as director of the United Selling Organisation of Alrosa (USO).AdvertisementAs director of USO, Agureev would seek to develop rough diamond sales, increase the division's efficiency and transparency and...Read More

Scientists figure out how to make it rain diamonds

Aug. 22, 2017, 8:56 AM / Cecilia Jamasmie

Scientists have just achieved what it seemed impossible - they have successfully recreated conditions present in Neptune and Uranus to make it rain diamonds.The team, formed by American, British and German researchers, were able to mimic environments found deep inside those two icy giant planets of our Solar System and watched as tiny diamonds formed.The team of researchers successfully recreated...Read More

Hong Kong Jump Boosts Swiss Watch Exports

Aug 22, 2017 / Rapaport News

RAPAPORT... Swiss watch exports increased in July as trade with HongKong and China continued to improve and shipments of high-end watches grew.Total exports increased 3.6% year on year to $1.76 billion(CHF 1.7 billion), the Federation of the Swiss Watch Industry said in astatement Tuesday. Shipments to Hong Kong jumped 17% to $212 million, afterdiving 33% in the same month a year ago. Orders from...Read More

Michael Hill's US Sales Fall

Aug 22, 2017 / Rapaport News

RAPAPORT... Michael Hill's US sales dropped in the past fiscal year asthe Australia-based jeweler struggled in the key market.Revenue from American operations slid 12% to $12.5 million,while same-store sales fell 8.5%, the retailer reported Monday. Michael Hill has attempted to revive growth in its USnetwork by appointing Brett Halliday - a successful head of the group'sCanada division - as head o...Read More

Catoca Sees Revenue Rise in 2016

Aug 22, 2017 / Rapaport News

RAPAPORT... Catoca, which operates Angola's largest diamond mine,reported an increase in revenue and profit in 2016 as lower rough diamondprices influenced stronger demand for its product.Revenue grew 2% to $593.6 million during the year assales volume increased 6%, while the average price achieved by the mine declinedby the same margin, the company reported this week. The company, which is partow...Read More

Swiss Watch Exports Rose For Third Month In A Row In July

August 22, 17 / Albert Robinson

(IDEX Online) - Swiss watch exports grew for the third month in a row in July, up 3.6 percent on July 2016 to 1.7 billion francs ($1.5 billion), according to the Federation of the Swiss Watch Industry. Watches in precious metals and steel made a strong contribution to the overall growth in value while other materials, such as bimetal products, declined, while volumes remained stable overall....Read More

Stornoway Diamond Corp Appoints Orin Baranowsky As Chief Financial Officer

August 22, 17 / Albert Robinson

(IDEX Online) - Stornoway Diamond Corporation has appointed Orin Baranowsky to the role of Chief Financial Officer, effective immediately. Baranowsky joined Stornoway in June 2013, and served most recently as VP Investor Relations and Corporate Development. He was appointed interim CFO in April 2017. Matt Manson, President and CEO commented: "I am delighted to confirm Orin in the permanent ro...Read More

Surat Jail And Diamond Firm Teaching Cutting And Polishing To Inmates

August 22, 17 / Albert Robinson

(IDEX Online) - A jail in Surat, India's main diamond processing center, has come together with a diamond firm to provide diamond cutting and polishing skills to prisoners. Kohinoor Diamonds has installed two emery wheels in the jail where eight prisoners are learning cutting and polishing, according to India Express. The directors of the diamond firm visited the Lajpore Central Jail in...Read More

Angola's Endiama Creating Diamond Mining Cooperatives Across Country

August 22, 17 / Albert Robinson

(IDEX Online) - Angola's state-owned diamond company Endiama is promoting the creation of semi-industrial cooperatives for diamond mining in all provinces of the country, according to company official Lus Kitamba. The new model aims to organize activity in the production zones and bring together small-scale artisanal miners using basic tools such as shovels, machetes and picks. Kitamba sa...Read More

Rockwell files for delisting shares from TSX

22nd August 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - Careworn alluvial diamond producer Rockwell Diamonds has decided to delist from the TSX, and instead list on the NEX, a third-tier trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards.The move follows the company's South African subsidiaries entering the country's Business Rescue programme, which allows for the orderly...Read More

Kathy Ireland on Her Diamond Debut

Aug 21, 2017 / Avi Krawitz

RAPAPORT... Former supermodel Kathy Ireland has entered the diamondjewelry market, a journey she recounts in an exclusive interview with RapaportMagazine.Ireland, famous for her iconic appearances on the coverof Sports Illustrated: Swimsuit Edition, found similar success in thebusiness world through her holding company, kathy ireland Worldwide (kiWW). Herdealings span a diverse range of industries...Read More

Botswana Rough Exports Drop

Aug 21, 2017 / Rapaport News

RAPAPORT... Botswana's rough-diamond exports declined 9% year on year to$1.65 billion in the first half, according to data the Bank of Botswanareleased recently.Exports grew 3% year on year to $849.6 million in the firstquarter, but fell 18% to $804.1 million in the second quarter, the figuresshowed. The decline largely reflects a 6.5% drop in first-half roughsales by De Beers, whose diamond-minin...Read More

Bonhams to Auction 4.03ct. Blue Diamond

Aug 21, 2017 / Rapaport News

RAPAPORT... A fancy intense blue diamond will lead Bonhams' Londonauction next month, with the company estimating it could fetch close to $2million. The pear-shaped, 4.03-carat stone has been in a UK privatecollection for more than 30 years, Bonhams said last week. The London-basedauction house expects the jewel to sell for between $1.5 million (GBP 1.2 million)and $1.9 million, it said. "Blue dia...Read More

US Polished Trade Slows in June

Aug 21, 2017 / Rapaport News

RAPAPORT... US polished-diamond imports fell by both value and volume inJune, according to data the government released recently.Polished imports declined 2.7% year on year to $1.67billion, while by volume they slid 8% to 728,000 carats, the figures showed.The average price rose 6% to $2,294 per carat. Polished exports increased 4.5% to $2.71 billion, leavingnet polished imports 19% higher than a...Read More

WorleyParsons developing black enterprises

21st August 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa's call for broader economic participation and transformation.The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy sectors globally, has been working intensely with 13 enterprise devel...Read More