Diamond stocks Articles

Titan Continues Gains Despite Challenges

Oct 09, 2018 / Rapaport News

RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More

RioZim to sue central bank over dollar payments

9th October 2018 / Reuters     

HARARE – Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy.The shortages have worsened since 2016 and are the biggest concern for foreign investors seeking a foothold in Zimbabwe, which is trying to re...Read More

ALROSA extracts rare fancy intense yellow diamond

Oct. 8, 2018, 10:14 AM / MINING.com Editor

JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.It is the largest yellow rough diamond mined at ALROSA's deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond - the largest pink stone in AL...Read More

NRF Predicts Jump in Holiday Sales

Oct 08, 2018 / Rapaport News

RAPAPORT... The National Retail Federation (NRF) has forecast a strong rise in US holiday sales this year, amid a healthy economy and strong consumer sentiment. Retail sales in November and December will increase 4.3% to4.8% for a total of between $717.45 billion and $720.89 billion, theorganization said last week. The average increase over the past five years was3.9%, it added. "We believe...Read More

Saks Strikes Back at Cartier with $55M Lawsuit

Oct 08, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More

Woman Says Kay Jewelers Stole Her Ring

Oct 08, 2018 / Rapaport News

RAPAPORT... A woman has accused Kay Jewelers of stealing her diamondengagement ring in a Facebook post that went viral and led to many readers respondingwith critical reports of its customer service. Requitta Darshae East brought her engagement and weddingrings into her local Kay store in July to get the white gold serviced,according to her September 28 post. The attending employee also checked th...Read More

Kay Jewelers Launches Investigation After Customer's Ring Goes Missing

October 08, 18 / Staff Reporter

<IDEX Online> - Kay Jewelers, part of the huge Signet Jewelers chain in the United States, is launching an internal investigation into diamond servicing practices after an Illinois woman accused one of its jewelry stores of stealing her diamond engagement ring when she submitted it for servicing.   Requitta Darshae East criticized the jewelry chain in Facebook post that went viral, cla...Read More

Chinese delegation to witness proudly South African logging system 

8th October 2018 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight, during their visit, into a proudly South African borehole logging system that is poised to go global.“We have the best borehole logging dat...Read More

WFDB President Blom: World Diamond Congress One Of Most Important Ever

October 08, 18 / Albert Robinson

<IDEX Online> - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the gathering of the presidents of the organization's 30 bourses at the 38th World Diamond Congress in Mumbai, which kicks off in two weeks time, will be one of the most important ever held.   "We have definitely seen many developments this year, and in light of the issues facing the global diamon...Read More

BlueRock seeks to improve Kareevlei profitability with proposed upgrades

8th October 2018 / Creamer Media Reporter     

Aim-listed BlueRock Diamonds will, subject to funding, invest in further improvements at its mining operation, plant and necessary personnel at the Kareevlei diamond mine, in the Northern Cape, to increase the capacity and efficiency of the operation.The proposed investment is expected to “materially” increase the mine ‘s profitability.AdvertisementThe decision to invest in furth...Read More

Alrosa finds 28.59ct yellow diamond

8th October 2018 / Creamer Media Reporter     

Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year.The diamond was discovered at Ebelyakh placer deposit in July.Advertisement"The extracted stone is our new unique discovery. Fancy colours are very rare in nature. This stone is also unique, because nature seemed t...Read More

Saks Strikes Back at Cartier with $55M Claim

Oct 08, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More

RJC Signs Deal with Artisanal Gold Miners

Oct 07, 2018 / Rapaport News

RAPAPORT... The Responsible Jewellery Council (RJC) has entered into acollaboration that, it claimed, will significantly increase the volume ofartisanal-mined gold in the market. The organization signed a memorandum of understanding with theSwiss Better Gold Association, the Better Gold Initiative for ASM (artisanalsmall-scale miners), and the Max Havelaar Foundation (Switzerland) forFairtrade. U...Read More

Greater China Luxury Rises in August

Oct 07, 2018 / Rapaport News

RAPAPORT... Sales of jewelry and other luxury items rose in greaterChina in August amid continued positive local demand and increased tourism toHong Kong. In China, retail sales of gold, silver and jewelry grew 14% yearon year to CNY 24.3 billion ($3.54 billion) for the month, the National Bureauof Statistics of China reported recently. Meanwhile, Hong Kong recorded a jump of 22% to HKD 7.53billi...Read More

Cartier Sues Saks for $40M

Oct 07, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue illegally ordered Cartier to vacate aprime location inside its famous New York department store, according to a $40million lawsuit Cartier filed last week. The case revolves around a lease agreement that gave Cartieruse of space inside Saks's site on the corner of Fifth Avenue and 49th Street.Saks renovated the building earlier this year, and assured the tenant the wo...Read More

Cartier Files $40M Lawsuit Against Saks

Oct 07, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue illegally ordered Cartier to vacate aprime location inside its famous New York department store, according to a $40million lawsuit Cartier filed last week. The case revolves around a lease agreement that gave Cartieruse of space inside Saks's site on the corner of Fifth Avenue and 49th Street.Saks renovated the building earlier this year, and assured the tenant the wo...Read More

Four Angolans Killed As Police Round Up Foreign Diamond Smugglers

October 07, 18 / Staff Reporter

<IDEX Online> - Four people were reportedly killed and seven injured in northeastern Angola during a police operation targeting foreign nationals suspected of diamond smuggling, according to media reports.   The violence erupted as police rounded up illegal aliens and seized around 3,000 diamonds, 150 vehicles and over $80,000 in cash.   Three Angolans were reportedly hacked to dea...Read More

Botswana Diamonds and Vast Resources To Develop Marange Concessions

October 07, 18 / Staff Reporter

<IDEX Online> - Botswana Diamonds has concluded an agreement with Vast Resources plc, a mining and resource development company, for the development of their concessions in the Marange Diamond Fields (MDF) of eastern Zimbabwe.   A separate agreement will cover the joint development of diamond properties outside of the MDF, which will be a straightforward 50/50 joint venture, though the...Read More

Diamond market warming to lab-made gems

Oct. 5, 2018, 11:30 AM / Cecilia Jamasmie

Spence Diamonds doesn't believe that mined stones are a "superior choice" for all consumers. Their approach is to provide customers with the best possible educational and shopping experience, including all options that may be appropriate for them. (Image courtesy of Spence Diamonds.)Lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, are crac...Read More

Manufacturer focuses on developing larger vibrating screening equipment

5th October 2018 / Donald Makhafola     

Screening machines are becoming larger and heavier because the ongoing trend in the mining industry globally is to increase tonnage output while maintaining efficiency, said original-equipment supplier and manufacturer of custom-designed vibrating equipment Kwatani CEO Kim Schoepflin at Electra Mining Africa held in Johannesburg last month. “Over the past 42 years, Kwatani has built some of...Read More