Diamond stocks Articles

US Polished Imports Slowed in November

Feb 11, 2019 / Rapaport News

RAPAPORT... The US saw a 4% decline in polished-diamond imports inNovember, according to data from the US Census Bureau. The average price fell9%, outweighing a 5% increase in volume. Trade figures were still positive forthe January-to-November period, with a 7% jump in total import value,reflecting a similar rise in the price per carat.US Diamond Trade Data for November 2018 Millions unles...Read More

BlueRock raises 575 000 for further Kareevlei development

11th February 2019 / Tasneem Bulbulia     

Aim-listed BlueRock Diamonds has raised £575 000 before expenses through the issue of 191.67-million shares at a price of 0.3p a share. The funds will be used to continue the development of the Kareevlei mine, in the Kimberley region of South Africa.AdvertisementThe recent recovery of large, high-quality gem diamonds has encouraged the company to look at ways to fast-track its productio...Read More

IGDA: Lab-Grown Diamonds Poised for Growth

Feb 11, 2019 / Rapaport News

RAPAPORT... The lab-grown-diamond sector is enjoying a spike in awareness among US consumers and is starting to make headway in the engagement-ring market, according to a report by the International Grown Diamond Association (IGDA)."Over the last two years, the anecdotal feedback from IGDA members has been that the bridal category is where they've had most success," said Richard Garard, secre...Read More

Xolobeni judgment continues to confound 

11th February 2019 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other. But the Xolobeni judgment turns this around, says legal firm Bowma...Read More

IDE: Diamond Theft Gang Apprehended at the Israel-Egypt Border

February 11, 19 / Albert Robinson

(IDEX Online) - A gang of thieves suspected of carrying out a diamond theft during the International Diamond Week at the Israel Diamond Exchange (IDE) at the end of January, were arrested a few hours after the theft, the IDE said in a statement.   The arrests took place after the IDE's security team quickly alerted the police and supplied a picture of one of the suspects.   The gang of...Read More

IGDA: Lab-Grown Diamonds Poised for Upswing

Feb 11, 2019 / Rapaport News

RAPAPORT... The lab-grown-diamond sector is enjoying a spike in awareness among US consumers and is starting to make headway in the engagement-ring market, according to a report by the International Grown Diamond Association (IGDA)."Over the last two years, the anecdotal feedback from IGDA members has been that the bridal category is where they've had most success," said Richard Garard, secre...Read More

Minerals Council of Australia calls for tax, workplace law reform

Feb. 10, 2019, 12:46 PM / Valentina Ruiz Leotaud

The Minerals Council of Australia published a report titled The Next Frontier: Australian Mining Policy Priorities where it asks the government to advanced a revived tax reform that removes barriers that hinder the growth of the country's mining sector.According to the Council, such reform would encourage additional investment in capital and technology."Australia should have strong tax integrity r...Read More

Nanosized diamond used to create super strong aluminum alloy

Feb. 10, 2019, 10:10 AM / Valentina Ruiz Leotaud

Scientists with London's Brunel University and Tomsk State University ran a successful experiment that allowed them to introduce nanoscale diamond into an aluminum melt using ultrasonic treatment.In a media statement, the researchers said the result of their trial will be used to create new materials, mainly for maritime transport. Prior to their lab test, no one had synthesized alloys with nanodi...Read More

GIA Spots CVD Stone in Parcel of Treated Melee

Feb 10, 2019 / Rapaport News

RAPAPORT... In a rare case, the Gemological Institute of America (GIA)has discovered a color-treated lab-grown diamond in a batch of natural melee aclient had submitted for testing. The GIA's Tokyo laboratory found the 0.007-carat, irradiatedgreen-blue chemical vapor deposition (CVD) diamond in a parcel of 300 similarlycolored irradiated stones, it said in a recent journal article. The other 299di...Read More

HRD Grades First Lab-Grown All-Diamond Ring

Feb 10, 2019 / Rapaport News

RAPAPORT... HRD Antwerp has graded the first wearable ringmade completely of lab-grown diamond, it claims. Synthetics producer Dutch Diamond Technologies (DD) created the 3.87-carat, E-color, VVS2-clarity piece from a 155-carat rough chemical vapor deposition (CVD) lab-grown-diamond plate. The company made the ring, called "Project D," to mark its 10th anniversary. It took a year to manufactu...Read More

Diamcor Tender to Feature 44Ct And 37Ct Rough Diamonds

February 10, 19 / Staff Reporter

(IDEX Online) - Diamcor Mining Inc. held its first tender of the year, selling 1,407.66 carats of rough diamonds recovered from Krone-Endora section at Venetia Project.   The sale grossed $385,000, with an average price of $273.45/ct. The tender included the sale of one gem quality rough diamond in the "specials" category, weighing 11.57 ct.   An additional ~1,858.92 carats of rough di...Read More

Mouawad Adds World's Largest Round Yellow Diamond To Collection

February 10, 19 / Staff Reporter

(IDEX Online) - Famous jeweler and industry entrepreneur Fred Mouawad has introduced the world's largest round brilliant cut, fancy vivid yellow diamond to be graded by GIA.   The 54.21 carat round fancy vivid yellow - named the Mouawad Dragon - was reportedly mined in South Africa.   The cutting and polishing of the resulting gem by Mouawad's team of expert cutters took about six month...Read More

De Beers To Invest More Than $2 Million In Exploration In South Africa

February 10, 19 / Staff Reporter

(IDEX Online) - De Beers' Phillip Barton announced the company will begin an extensive exploration program in South Africa, expecting to spend more than US$2 million.   Phillip Barton, head of South Africa's De Beers Consolidated Mines (DBCM), said the company has been granted dozens of prospecting licenses across a number of provinces.   Already, DBCM has received approval for 19 explo...Read More

India Pushes For Choksi's Extradition From Antigua

February 10, 19 / Staff Reporter

(IDEX Online) - India is seeking the extradition of Indian diamantaire and jeweler Mehul Choksi from Antigua.   Choksi is a main defendant in one of India's largest bank fraud cases who fled India before the accusations surfaced last year and since acquired an Antigua and Barbuda passport.   Choksi, however, an Indian official told Reuters, is still an Indian citizen and therefore the...Read More

DRC's new President an 'unknown factor' as far as mining is concerned

8th February 2019 / Rebecca Campbell     

The Democratic Republic of Congo (DRC), lying pretty much in the centre of Africa, is geographically the eleventh-biggest country in the world and is well known for its mineral riches.In its most recent report, published in 2014 and titled ‘The Mineral Industry of Congo (Kinshasa)’, the US Geological Survey (USGS) notes that the country “played a globally significant role in the...Read More

Mining Indaba 2019 highlights 

8th February 2019 / Staff reporter

The 25th Investing in African Mining Indaba took place this week. Mining Weekly editor Martin Creamer attended the indaba and unpacks the highlights.AdvertisementRead More

Gem Diamonds finds from iconic Lesotho mine drop, shares slump

Feb. 7, 2019, 5:45 AM / Cecilia Jamasmie

Last year was a momentous one for Africa-focused Gem Diamonds (LON:GEMD), as it recovered a record number of huge precious stones from its flagship Leteng mine in Lesotho, the world's highest-dollar-per-carat diamond mine.In Q4 2018, the company recovered three of the 15 diamonds over 100 carats - a new record for the London-based miner.The most important one, the 910-carat "Lesotho Legend", was u...Read More

Rapaport Weekly Market Comment

Feb 07, 2019 / Rapaport News

Far East trading quiet during Chinese New Year.Market cautious due to weak demand, tight profitability and reduced bankcredit. Selective buyers creating shortages of excellent-cut (3X, none)diamonds, but prices of lower-quality goods softening due to excess supply. 1ct. RAPI -0.4% in Jan. Manufacturers maintaining low production as profitmargins are squeezed by high rough prices. Leteng 4Q sales -...Read More

India: Polished Trading Quiet

Feb 07, 2019 / Rapaport News

Polished trading quiet. Foreign dealers in Mumbailooking for bargains. Relatively low amount of new merchandise available, asmanufacturers keep production down due to tight profits and sluggish demand.High gold prices weighing on jewelry retail sales. Jewelry wholesalers anddiamond dealers hoping for boost at next week's IIJS Signature show (Feb. 10 to13). RoundRead More

GIA Sheds Light on De Beers' Synthetics

Feb 07, 2019 / Joshua Freedman

RAPAPORT... Two white lab-grown diamonds from De Beers' Lightbox brandhave G color and VS clarity, the Gemological Institute of America (GIA) saidafter examining the stones. Lightbox doesn't offer grading reports for its products, andhadn't previously publicized their specific quality characteristics. The GIAobtained the 0.24-carat and 0.26-carat polished stones from a "third-partyvendor," accordi...Read More