Diamond stocks Articles

Alrosa reports record throughput at Almazy Anabara unit

5th October 2018 / Creamer Media Reporter     

Almazy Anabara, a subsidiary of Russian State-miner Alrosa, has exceeded its production target by 9%, delivering a record mining throughput in the 2018 washing season, with 5.4-million carats having been mined.The 2018 washing season lasted from May to September.Advertisement"Such results were achieved due to, without limitation, the advanced diamond-bearing sand processing technology. In par...Read More

Rapaport Weekly Market Comment

Oct 04, 2018 / Rapaport News

Market sentiment cautious, with pricessoftening as 1 ct. RAPI -1.1% during quiet third quarter. Industry expecting stock-market wealth will boostholiday buying, as Dow hits new high of 26,951 (Oct. 3). Hong Kong jewelershoping for rise in Chinese tourist spending during Golden Week. Indian dealersconcerned hike in polished-diamond import duty from5% to 7.5% will raise costs and reduce local demand...Read More

Pandora Launches First New Charm in 5 Years

Oct 04, 2018 / Rapaport News

RAPAPORT... Pandora has unveiled its first new charm-bracelet design forhalf a decade, aiming to attract consumers with customizable products featuringin-fashion styles. The line, named Pandora Reflexions, is a flexible,mesh-style bracelet that wearers can adapt using clip-on, interchangeablecharms, the Danish company said Thursday. The pieces have a flatter and sleekershape than that of the jewel...Read More

Firestone Diamonds Slashes Annual Loss

Oct 04, 2018 / Rapaport News

RAPAPORT... Firestone Diamonds narrowed its annual loss by 91% amidhigher sales, and due to the absence of an impairment charge it incurred a yearago. The miner recorded a net loss of $14.2 million for the fiscalyear that ended June 30, it said last week. That's compared with a loss of$151.7 million last year after a permanent reduction in the value of itsLiqhobong mine in Lesotho forced it to wri...Read More

Diamond Prices Down Amid Asia Caution

Oct 04, 2018 / Rapaport

RAPAPORT PRESS RELEASE, October 4, 2018, New York... Polished diamond prices softened in September, with trading at the Hong Kong Jewellery & Gem Fair reflecting uncertainty over weak currencies and US-China trade tensions. The RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.3% during the month and 1.1% in the third quarter. The index is up 2.2% since January 1, following firm US and C...Read More

Blue Diamond Sells for $14M at Sotheby's

Oct 04, 2018 / Rapaport News

RAPAPORT... Sotheby's brought in a total of HKD 315.2 million ($40.2 million) at its Hong Kong auction Wednesday as a 5-carat blue diamond fetched $13.8 million. The price of the step-cut, fancy-vivid blue, named the Aidiamond, after the Chinese word for love, fell within its estimate of $12.5million to $15.3 million. The final selling price translated to $2.8 millionper carat. Another blue diamo...Read More

Investors Call for Better Supply-Chain Checks

Oct 04, 2018 / Rapaport News

RAPAPORT... More than 60 institutional investors have urged the jewelrytrade to implement more stringent control of supply chains in order toeliminate human-rights abuses.The organizations, members of the Investors Alliance for HumanRights, last week expressed concerns about child and forced labor in themining industry, and urged jewelry manufacturers and retailers to conduct duediligence in line...Read More

Bharat Diamond Bourse Putting Final Touches To Bharat Diamond Week

October 04, 18 / Albert Robinson

(IDEX Online) - The Bharat Diamond Bourse (BDB) is gearing up for the opening of the second edition of the Bharat Diamond Week on Monday. The October 8-10 polished diamond fair will be opened by Mr Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai, and Mr Evgeny Agureev, Director of ALROSA's United Selling Organisation.   "We are delighted that the Consul General and Mr...Read More

Diamond Producers Association Launches 'Real is Rare' Campaign in Telugu

October 04, 18 / Albert Robinson

(IDEX Online) - The Diamond Producers Association (DPA), an international alliance of the world's leading diamond mining companies, has launched its integrated marketing campaign 'Real is Rare' in India in the Telugu language.   The 'Real is Rare' campaign focuses on celebrating the precious moments which mark the journey of a relationship between a couple. Following comprehensive resear...Read More

DBCM, partners invest R27m in upgrading primary school near Voorspoed mine

4th October 2018 / Creamer Media Reporter     

De Beers Group has, through its De Beers Fund, partnered with the Free State Department of Education and Kagiso Shanduka Trust (KST) to invest R27-million on the construction of a school in its labour sending area community of Maokeng, in Kroonstad.The construction of Phuleng primary school, which will benefit about 850 learners, falls under De Beers Consolidated Mines' Voorspoed mine’s...Read More

CIBJO Coral Commission Special Report Looks At Precious Coral Reefs

October 04, 18 / Albert Robinson

(IDEX Online) - With fewer than two weeks to go to the opening of the 2018 CIBJO Congress in Bogot, Colombia, on October 15, the eighth and final CIBJO commission Special Reports has been released.   Prepared by the CIBJO Coral Commission, headed by Vincenzo Liverino, the report looks at a variety of topics related to precious coral reef sustainability, including government regulation of har...Read More

OPIC, Standard Bank Group Sign $125M Loan Guaranty For Botswana

October 04, 18 / Albert Robinson

(IDEX Online) - Stanbic Bank Botswana, a member of the Standard Bank Group, the American government's Overseas Private Investment Corporation (OPIC), and Botswana Finance LLC, a subsidiary of Lazare Kaplan International (LKI), have signed a $125 million loan guaranty.   The guaranty aims to encourage and support lending to diamond manufacturers and polishing companies while allowing orga...Read More

Botswana Diamonds, Vast firm up Marange concession development partnership

4th October 2018 / Tasneem Bulbulia     

Explorer Botswana Diamonds has concluded an agreement with mining and resource development company Vast Resources for the development of its concessions in the prolific 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 initial focus of...Read More

Rio is hunting deals, discoveries for 'beautiful' diamonds unit

4th October 2018 / Bloomberg     

MELBOURNE – Two of the world’s top diamonds producers are both shopping for deals, with Rio Tinto following De Beers in hunting for projects to replace aging operations and position for an improving global market outlook.Rio is actively looking for more acquisitions after making a small investment in a project in Canada last year, Arnaud Soirat, CEO of its copper and diamonds unit, sai...Read More

India: Polished Sector Cautious

Oct 04, 2018 / Rapaport News

Polished market slow, with few foreign buyers.Local dealers cautious due to weaker currency, tighter bank lending, and recenthike of import duty. Buyers focused on SI- to I1-clarity goods. Fancy shapesslow. Small manufacturers not buying rough, and reducing polishedproduction ahead of Diwali break, which begins November 7. RoundRead More

Rio Tinto reveals its largest Fancy Purplish Red diamond in New York

Oct. 3, 2018, 11:35 AM / Rio Tinto

Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoiseurs and those in search of the incomparable, including the Argyle Muse, the largest purplish red diamond ever offered at Tender.Rio Tinto's Argyle mine is the world's only consistent source of rare pink, red and violet diamonds and the 2018 Argyle Pink Diamonds Tender is named 'Magnificent Argyle' in hon...Read More

South Africa mulls SOV, should not harm mining sector – minister

Oct. 3, 2018, 10:08 AM / Reuters

JOHANNESBURG, Oct 3 (Reuters) - South Africa's mines minister said on Wednesday the government was considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry."Normally it is funded from the primary extractive sector but we must find a way of doing it without hurting the sector," Minerals Resources Minister Gwede Mantashe told journalists on the side...Read More

ALROSA proceeds with non-core assets disposal program

Oct. 3, 2018, 7:33 AM / ALROSA

Moscow, 3 October 2018 - ALROSA Group proceeds with the non-core assets disposal program.Major assets belonging to JSC Almazy Anabara (ALROSA's affiliated company), 9.2% of shares of Almazergienbank, and a workshop of Voskhod Mechanical Plant were sold in July-September. In both cases, the assets were sold at a market price determined by an independent appraiser.The shares of Almazergienbank were...Read More

Sotheby's to Auction More French Royal Jewels

Oct 03, 2018 / Rapaport News

RAPAPORT... Sotheby's has unveiled further French royal jewels that it willoffer at its Geneva auction in November, including a diamond tiara with a priceestimate of $350,000 to $550,000. The headpiece belonged to the house of King Charles X, the finalking of France and last of the Bourbon rulers. It will go under the hammeralongside a collection of pieces once belonging to Marie Antoinette that t...Read More

GSI Opens Hong Kong Lab

Oct 03, 2018 / Rapaport News

RAPAPORT... Gemological Science International (GSI) has opened a laboratoryin Hong Kong, providing services including diamond grading and screening for undisclosedsynthetics. "Hong Kong is a major hub for the international diamond andjewelry industry," said GSI president and co-founder Debbie Azar. "With theopening of GSI Hong Kong, GSI has its laboratories in every major diamond andjewelry center...Read More