Diamond stocks Articles

Vicenzaoro Show Organizers Gearing Up For Winter Edition Of Trade Fair

November 22, 18 / Albert Robinson

(IDEX Online) - The winter edition of the Vicenzaoro show will take place from January 18-23, said organizers the Italian Exhibition Group S.p.A. (IEG).   The first major tradeshow of the year, it is regarded as setting the scene for upcoming jewelry trends and as a showcase for the launch of leading jewelry brands' latest creations, said the IEG.   Exhibitors are divided in relation to...Read More

Jwaneng Chief to Head Debswana

Nov 22, 2018 / Rapaport News

RAPAPORT... Debswana, De Beers' Botswana joint venture, has appointedJwaneng mine chief Albert Milton as managing director. Milton will take up the position on December 1, succeedingBalisi Bonyongo, who is retiring, De Beers said Wednesday. Bonyongo will remainat Debswana as a consultant for three months, the miner added. Milton has worked at Debswana for more than 25 years, andhas been gener...Read More

India's Polished Diamond Exports Up Sharply In October

November 22, 18 / Albert Robinson

(IDEX Online) - India's polished diamond exports rose by 19.4% on the year in October, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).   Exports of cut and polished goods totaled $2.31 billion compared with $1.93 billion in October 2017.   Imports of polished stones dropped 33.1% on the year to $92.1 million in October.   Total ge...Read More

Zest WEG Group delivers R200m electrical infrastructure solution at Petra's Cullinan diamond mine 

November 22, 2018 / Martin Creamer     

A R200-million electrical infrastructure project has been impressively completed at the Cullinan diamond mine of the London-listed Petra Diamonds through the combined effort of four Zest WEG Group companies. The companies adopted an integrated solutions approach in providing multiple and diverse energy packages on surface and underground to power the celebrated 116-year-old mine well into the futu...Read More

Debswana announces Albert Milton to take over as managing director as Balisi Boyongo steps down.

Nov. 21, 2018, 11:45 AM / De Beers

Debswana Diamond Company today announced that Managing Director Mr Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation.The Shareholders of Debswana have appointed Mr Albert Milton, currently General Manager of Jwaneng Mine, to take over as the company's Managing Director with effect from 1 December 2018. The S...Read More

Miners' Communications: A Lack of Clarity

Nov 21, 2018 / Joshua Freedman

RAPAPORT...A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the"washing season of 2018" at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season, which "lasted from the twenties of May to the24th of September"? That much was a mystery. Since the text seemed to be aboutmining and productio...Read More

Leviev Employee Commits Suicide, Reports Say

Nov 21, 2018 / Rapaport News

RAPAPORT... A bookkeeper at Lev Leviev's diamond business jumped to herdeath from the company's office at the Israel Diamond Exchange on Tuesday,according to local media. The 42-year-old woman had been questioned by police in aninvestigation into an alleged crime ring at LLD Diamonds, Globes reported.She was one of nine employees of the firm arrested since the probebegan, the report said. "W...Read More

Botswana Diamonds Loss Widens Amid Challenges

Nov 21, 2018 / Rapaport News

RAPAPORT... Botswana Diamonds' loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460)  for the 12 months ending June 30, versus adeficit of GBP 161,868 ($207,200) the previous year, it said Monday. Thecompany incurred an impairment charge of GBP 179,524 ($229,800) at its S...Read More

World Diamond Council hopeful of Kimberley Process scope expansion in 2019

21st November 2018 / Marleny Arnoldi     

The World Diamond Council (WDC) has reiterated its support for the Kimberley Process (KP) certification scheme to end trade in conflict diamonds, while expressing concern over the progress in reforming its scope.In a press statement issued after the conclusion of the 2018 KP plenary meeting, in Belgium, the WDC said the KP plenary’s final communique of the submission by the Canadian governme...Read More

WDC Concerned About Pace of Reform During 2018 KP Plenary

November 21, 18 / Albert Robinson

(IDEX Online) - While reiterating its support for the Kimberley Process Certification Scheme (KPCS) as the most effective means possible to end the trade in conflict diamonds, the World Diamond Council (WDC) expressed concern that more progress was not made in reforming its scope during the 2018 KP Plenary Meeting that ended on November 16 hosted by the European Union in Brussels, Belgium.  ...Read More

U.S. Jewelry And Watch Sales Down on Year in September But Still Solid

November 21, 18 / Albert Robinson

(IDEX Online) - Sales of fine jewelry and fine watches rose by 5.3 percent in the U.S. market in September, when compared to the same month a year ago, as the graph below illustrates.   The rise is the lowest seen so far this year, but is nonetheless a solid increase.   Overall sales in September, the last month for which figures are available, were an estimated $5.5 billion, according...Read More

Miner Miscommunication: A Lack of Clarity

Nov 21, 2018 / Joshua Freedman

RAPAPORT...A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the"washing season of 2018" at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season, which "lasted from the twenties of May to the24th of September"? That much was a mystery. Since the text seemed to be aboutmining and productio...Read More

Leviev Employee Reportedly Commits Suicide

Nov 21, 2018 / Rapaport News

RAPAPORT... A bookkeeper at Lev Leviev's diamond business jumped to herdeath from the company's office at the Israel Diamond Exchange on Tuesday,according to local media. The 42-year-old woman had been questioned by police in aninvestigation into an alleged crime ring at LLD Diamonds, Globes reported.She was one of nine employees of the firm arrested since the probebegan, the report said. "W...Read More

Botswana Diamonds Loss Intensifies

Nov 21, 2018 / Rapaport News

RAPAPORT... Botswana Diamonds' loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460)  for the 12 months ending June 30, versus adeficit of GBP 161,868 ($207,200) the previous year, it said Monday. Thecompany incurred an impairment charge of GBP 179,524 ($229,800) at its S...Read More

Debswana appoints new MD as Bonyongo retires 

21st November 2018 / Marleny Arnoldi     

Debswana Diamond Company, a subsidiary of De Beers Group, has appointed Albert Milton MD, effective December 1, following the retirement of Balisi Bonyongo.Bonyongo had been with the company for 26 years and had served as MD from January 2014.AdvertisementMilton is currently GM of Debswana’s Jwaneng mine.Bonyongo will stay on for three months as consultant to ensure a smooth transition.Adve...Read More

Award winning Diavik Diamond Mine honoured as industry leader

Nov. 20, 2018, 1:39 PM / Rio Tinto

Yellowknife, NT - Diavik Diamond Mine has been awarded the Northwest Territories Mining and Exploration (MAX) Special Achievement Award for the design, construction and operations of its dikes and its contribution as a joint venture partner to the Tibbitt to Contwoyto Winter Ice Road.The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the GNWT's Department of Indust...Read More

Gemfields Sells 5,655ct. Emerald at Auction

Nov 20, 2018 / Rapaport News

RAPAPORT... Gemfields has sold a 5,655-carat emerald to Indian gemstonespecialist Dia-Color for an undisclosed amount, the miner said Tuesday. Gemfields extracted the Inkalamu, or Lion Emerald, at itsKagem mine in Zambia last month. It was one of 26 lots it offered at its auction inSingapore last week, which fetched a combined $28.4 million from the sale of 420,000carats of rough Kagem emeral...Read More

Swiss Watch Exports Rebound in October

Nov 20, 2018 / Rapaport News

RAPAPORT... Shipments of Swiss watches bounced back in October after adrop the previous month, benefiting from stronger exports of high-end timepieces. Total exports rose 7% year on year to CHF 1.99 billion ($2billion) for the month, the Federation of the Swiss Watch Industry reportedTuesday. Orders for watches priced above CHF 3,000 ($3,024) climbed 12% byvalue, while exports of those worth...Read More

Hong Kong's TSL Fears Trade-War Impact

Nov 20, 2018 / Rapaport News

RAPAPORT... Hong Kong-based Tse Sui Luen (TSL) raised concerns about theimpact of the US-China tariff war on its business, even after sales improved inthe second fiscal half. "The recent outbreak and escalation of [a] trade disputebetween China and the US has cast some doubts on the economic outlook for boththe global and local economies going forward," the company said Tuesday. "Oneconsequen...Read More

11ct. Blue Diamond to Lead Sotheby's NY

Nov 20, 2018 / Rapaport News

RAPAPORT... A fancy-vivid-blue diamond with an estimate of $20 millionto $30 million will head up Sotheby's Magnificent Jewels auction in NewYork next month. The pear-shaped, 10.62-carat, VVS1-clarity stone from aprivate European collection will go under the hammer at the December 4 sale,Sotheby's said Monday. Other notable pieces include a Harry Winston diamond ringwith a cushion-cut center...Read More