Diamond stocks Articles

Alrosa Garners $11M at Rough Auction

Oct 03, 2018 / Rapaport News

RAPAPORT... Alrosa sold $10.7 million worth of rough at a large-stoneauction in Hong Kong, the Russian miner said Tuesday. The 136 diamonds - each over 10.8 carats - weighed acombined 2,234 carats, including 25 fancy-yellow stones, and fetched an averageprice of $4,790 per carat. The auction took place during the September HongKong Jewellery & Gem Fair. Companies from Hong Kong, mainland Chin...Read More

RJC to Align Code with OECD Rules

Oct 03, 2018 / Rapaport News

RAPAPORT... The Responsible Jewellery Council (RJC) is proposing to alignits due-diligence requirements with those of the Organisation for EconomicCooperation and Development (OECD). "This move will deliver tangible benefits to members, whowill be able to point customers to a standard fully aligned with the OECDrecommendations," the council said last week. The OECD guidelines are in line with the...Read More

IDE: High Interest In 7th Israel Diamond Week In New York

October 03, 18 / Staff Reporter

(IDEX Online) - Hundreds of buyers have registered for the seventh Israel Diamond Week in New York, to be held October 15-17 which is jointly organized by the Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC).   The annual event will again be held on the DDC's new trading floor in the International Gem Tower in Manhattan.    The IDE said that 30 bourse me...Read More

Rio Tinto Reveals Its Largest Fancy Purplish Red Diamond In New York

October 03, 18 / Staff Reporter

(IDEX Online) - Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoisseurs and those in search of the incomparable, including the Argyle Muse, the largest purplish red diamond ever offered at its annual tender.   Rio Tinto said its Argyle mine is the world's only consistent source of rare pink, red and violet diamonds and the 2018 tender is named 'Magn...Read More

Stornoway announces C$129m financing package

3rd October 2018 / Creamer Media Reporter     

Quebec diamond miner Stornoway has announced a series of financing transactions, totalling $129-million, with lenders and key stakeholders to provide greater financial and operational flexibility.The financing package is made up of a deferral of certain loan principal repayments for a 24-month period, representing debt service cost deferral of up to C$54-million; amendments to the Renard diamond s...Read More

South Africa's latest mining charter: what's new and who wins

Oct. 2, 2018, 9:46 AM / Bloomberg News

(Bloomberg) - South African Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector.The Background:The set of rules, aimed at distributing the industry's mineral wealth more equally among citizens after the injustices of apartheid, was first issued in 2004 and updated in 2010.Previous Minister Mosebenzi Zwane...Read More

Diamond trade must reform in face of threat from synthetic stones -U.S.

Oct. 2, 2018, 8:45 AM / Reuters

The diamond trade must confront its tarnished image and revamp its certification scheme or risk seeing increasingly demanding consumers spurn natural stones in favour of cheaper synthetic diamonds, a senior U.S. official said.Bloody African civil wars in the 1990s prompted diamond companies, governments and rights groups to come together to set up the Kimberley Process to prevent the sale of so-ca...Read More

Higher Average Price Boosts India Exports

Oct 02, 2018 / Rapaport News

RAPAPORT... India's polished-diamond exports jumped 20% by value in August amid a 26% increase in the average price, according to data the nation's Gem & Jewellery Export Promotion Council released recently. Rough imports fell 8% during the same period.India Diamond Trade Data for August 2018 Millions unless stated otherwiseRead More

Garrard Launches First Beijing Store

Oct 02, 2018 / Rapaport News

RAPAPORT... Garrard has expanded its Chinese presence with a new boutique in Beijing, theLondon-based luxury jeweler said last week. The 100-square-meter boutique - located in the Emperor GroupCentre -will comprise three VIP rooms, and will focus on high jewelry and bespokecommissions, the jeweler said. To celebrate the launch, Garrard - the former British crownjeweler - will showcase pieces with...Read More

US Polished Imports Increase

Oct 02, 2018 / Rapaport News

RAPAPORT... US polished-diamond imports continued to rise in July, reflectinga higher average price, according to recent government data. Inbound shipments increased5% to $2.03 billion, the highest figure for July since 2015, even as volumesslipped. Polished imports were up 5% in the first half of 2018, and were 5%higher for the January-to-July period.US Diamond Trade Data for July 2018 Million...Read More

Alrosa Garners $9M at Hong Kong Auction

Oct 02, 2018 / Rapaport News

RAPAPORT... A yellow diamond sold for double its asking price at Alrosa'scolored-diamond auction in Hong Kong, the miner reported. The oval-cut, 15.11-carat, fancy-vivid-orangey-yellow polisheddiamond was the top seller at the miner's True Colours auction at the September Hong KongJewellery & Gem Fair, which fetched a total of $9 million. "The collection of large colored stones - all cut by ou...Read More

5ct. Pink Sets Record at Bonhams

Oct 02, 2018 / Rapaport News

RAPAPORT... Bonhams has sold a pink diamond for $583,551 per carat, aworld-record price for its color category, the company reported. The 5.03-carat, fancy-pink VS1 garnered $2.9 million at theauction house's Fine Jewellery sale in London last week. The previous recordfor a fancy-pink diamond was $528,021 per carat for a stone sold at Sotheby'sin 2016. "Large pink diamonds are continuing to incre...Read More

Polished Diamond Price Index Again Stable in September

October 02, 18 / Albert Robinson

(IDEX Online News) - The IDEX polished diamond price index was stable in September, declining only very slightly during the month.                                             &nbs...Read More

India Hikes Diamond Import Tax

Oct 02, 2018 / Rapaport News

RAPAPORT... India's Gem & Jewellery Export Promotion Council (GJEPC)has warned that the government's decision to increase import duty on diamondscould negatively affect the domestic industry. The country recently hiked the rates on cut-and-polished, semi-processed and lab-grown diamonds to 7.5% from 5%, effective immediately, the GJEPC reported last week. The government also made the same adju...Read More

Carats.Io Announces Agreement With Liquidity Provider Tradomatics

October 02, 18 / Staff Reporter

(IDEX Online) - Carats.io, the fintech startup company that is issuing the world's first-ever digital token backed by diamonds, has announced that it has signed an agreement with Tradomatics, a provider of fully autonomous trading technology. Tradomatics will supply liquidity solutions on digital exchanges where CARAT tokens are traded.   According to the agreement, Tradomatics will faci...Read More

Chinese delegation to study South Africa's mineral codes

2nd October 2018 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing.South Africa’s Samcodes Standards Committee (SSC) will host the 18-strong Chinese group from October 15 to...Read More

Trigem Opens Gemstones, Diamonds And Jewellery Facility In DMCC

October 02, 18 / Albert Robinson

(IDEX Online) - The Dubai Multi Commodities Centre (DMCC), the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the official opening of TRIGEM's manufacturing workshop in DMCC's purpose-built Jewellery & Gemplex facility in Jumeirah Lakes Towers.   TRIGEM DMCC has launched its purpose-built colored gemstone, diamond and jewelr...Read More

Diavik 'Stars Of The Arctic' Provide Rough Diamond Tender Sparkle

October 02, 18 / Staff Reporter

(IDEX Online) - Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world.   Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and color from the Diavik diamond mine in the remote Northwe...Read More

Responsible Jewellery Council Announces Code of Practices Review

October 02, 18 / Staff Reporter

(IDEX Online) - The Responsible Jewellery Council (RJC) announced it is reviewing its Code of Practices (COP) standard.   "The RJC strives to represent the very highest ethical standards in the industry, building confidence in the work done by our members. As part of this process, and in line with RJC policy and the ISEAL Alliance Codes of Good Practice, in late 2017 we began the process of...Read More

Rio unveils three large diamonds

2nd October 2018 / Esmarie Swanepoel     

PERTH (miningweekly.com) – Diversified miner Rio Tinto and its joint venture partner Dominion Diamond Mines have revealed three of the finest large rough diamonds from the Diavik mine, in Canada, that will be up for tender, closing on October 25.Collectively known as the Diavik Stars of the Arctic, the three rough diamonds will headline Rio’s forthcoming "Specials" Tender, wh...Read More