Diamond stocks Articles

Alrosa's Hong Kong large diamond sale yields $10.7m

2nd October 2018 / Mariaan Webb     

Russia's Alrosa has sold 136 gem-quality diamonds, with a total weight of 2 234 ct, for $10.7-million at an auction in Hong Kong.The sale included 25 fancy yellow diamonds, weighing 440 ct.AdvertisementAlrosa said on Tuesday that 54 companies from Hong Kong, mainland China, Belgium, Israel and India took part in the auction."This year's last diamond auction in Hong Kong was held...Read More

5ct. Pink Sets World 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

Garrard Enters Beijing with High-End 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

Diavik Stars of the Arctic dazzle in rough diamond tender

Oct. 1, 2018, 9:39 AM / Rio Tinto

1 October 2018 - 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 colour from the Diavik diamond mine in the remote Northwest Ter...Read More

The IDEX Online Polished Price Report - September 2018

October 01, 18 / Albert Robinson

(IDEX Online News) - There were noticeably fewer changes in round diamonds in September, with the Jewish holidays last month having an effect. There were increases in 2.00-2.99 carat stones in K-M, IF-VVS2 of 2-3%, and in diamonds of 3.00-3.99 carats, E-G, IF, of 3%.   There were notable decreases in diamonds of 0.50-0.69 carats in I-K, IF, of 2-3%, and in several categories of 0.90-0.99 cara...Read More

Trading in CARAT coins is launched on Hotbit digital asset exchange

Sep. 30, 2018, 11:39 PM / Carats.io

25 September 2018 - Carats.io has announced that its diamond-backed CARAT coin is now being traded on the Hotbit.io digital asset exchange platform (https://www.hotbit.io/exchange?symbol=CARAT_BTC), with promising volumes of trade that are increasing from day to day.Carats.io said that it selected to launch its currency on the Hotbit platform because of the crypto-exchange's strong presence in the...Read More

Pink diamond breaks world record

Sep. 30, 2018, 12:55 PM / Valentina Ruiz Leotaud

A fancy pink diamond weighing 5.03 carats sold this week for more than $2.9 million, setting a new auction world record of $583,551 per carat for a diamond of its kind. The rock was auctioned at a sale organized by Bonhams London Fine Jeweller, which beat Sotheby's Geneva previous record of $528,021 per carat for a fancy pink.According to Emily Barber, Director of Jewellery at Bonhams UK, the ston...Read More

India Raises Import Tax On Cut And Polished Diamonds

September 30, 18 / Albert Robinson

(IDEX Online) - The Indian government has raised the import duty on cut and polished diamonds and processed colored gemstones to 7.5 percent from 5 percent.   The same tax hike applies to semi-processed, half cut or broken diamonds and lab-grown stones.   The government said the move was aimed at attempting to reduce India's current account deficit.   Gem and Jewellery Export...Read More

Excavators moving mountains in Lesotho

28th September 2018 / Halima Frost     

Contractor Basil Read’s mining division has added four new excavators from construction equipment manufacturer Hyundai to its fleet of mobile mining equipment. The excavators – a Hyundai R520LC-9S hydraulic crawler excavator, a Hyundai R850LC-9S tracked excavator, and two22 T Hyundai R220LC-9S tracked excavators – were supplied by construction equipment supplier HPE Africa.Advert...Read More

Firestone recovers 835 000 ct in first full year of production

28th September 2018 / Marleny Arnoldi     

Aim-listed Firestone Diamonds has narrowed its loss a share to about $0.03 for the financial year ended June 30, compared with the loss a share of $0.37 in the prior comparable period.In the first full year of production at its Liqhobong mine, in Lesotho, the company’s loss decreased by 91% to $14.2-million, while its revenue increased by 125% to $62-million.AdvertisementFirestone recovered...Read More

First auction of coloured diamonds brings ALROSA $9m in sales

Sep. 27, 2018, 11:04 AM / ALROSA

ALROSA, the world leader in the diamond mining industry, has successfully completed its own specialized "True Colours" auction with a total sale of $9 million worth of coloured diamonds.210 unique diamonds were sold in the first round. The bidding was very active, and most of the lots were sold for well above their starting price. The "hero stones" - stars of the collection with a particularly rar...Read More

Rapaport Weekly Market Comment

Sep 27, 2018 / Rapaport News

Diamond market quiet over Jewish holidays and Hong Kong Moonfestival. Mixed expectations for Oct. 1 Golden Week, as consumer sentimentreflects impact of US-China trade war and yuan currency depreciation (-9.5%since April 1 to $1/CNY 6.88). India remains slow, particularly for low-value,small diamonds. Steady demand for 0.30 to 1 ct., D-J, SI, RapSpec A3+ goods. DeBeers starts sales of lab-grown co...Read More

India: Jewelry Sales Improving

Sep 27, 2018 / Rapaport News

Local dealers returnedfrom Hong Kong show in cautious mood due to currency and liquidityuncertainties. Very few foreign buyers in Mumbai due to Jewish and Chineseholidays. Manufacturing stable, as polished inventory levels rise ahead ofDiwali break (Nov. 7). Jewelry sales improving, with retailers preparing forthe Diwali holiday period. RoundRead More

Stanbic Botswana secures $125m loan guaranty to support diamond sector

27th September 2018 / Tasneem Bulbulia     

Stanbic Bank Botswana, which is a member of Standard Bank Group, has, along with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Botswana Finance, a subsidiary of Lazare Kaplan International, signed a $125-million loan guaranty, which will encourage and support lending to diamond manufacturers and polishing companies, while allowin...Read More

Responsible Jewellery Council Head Andrew Bone Stepping Down

September 27, 18 / Staff Reporter

(IDEX Online) - Responsible Jewellery Council (RJC) Executive Director Andrew Bone will be stepping down as of 27 March, the RJC announced.   Bone has been Executive Director since the spring of 2015. Under his leadership, the RJC's membership has doubled and the organization laid the foundations for sustainable growth in the future, according to a statement.   "It has been a pleasu...Read More

De Beers Launches African Women's Program

Sep 27, 2018 / Rapaport News

RAPAPORT... De Beers and United Nations Women have unveiled a three-yearplan to support more than 1,200 female entrepreneurs in Botswana, Namibia andSouth Africa. The initiative includes programs to train women in businessand management skills, and build their confidence and ability to operate andgrow successful small businesses. "When you support women business owners, you support acommunity mor...Read More

First ALROSA Auction Of Colored Diamonds Generates $9M

September 27, 18 / Albert Robinson

(IDEX Online) - ALROSA's "True Colours" auction of colored diamonds during the Hong Kong Jewellery & Gem Fair earlier this month raised $9 million.   The miner said that 210 diamonds were sold in the first round of the auction, with strong bidding and most lots sold for well above their starting price.   The so-called "hero stones" - diamonds with a particularly rare combinatio...Read More

Andrew Bone to Leave RJC

Sep 27, 2018 / Rapaport News

RAPAPORT... Andrew Bone will step down as executive director of theResponsible Jewellery Council (RJC), the organization said Tuesday. Bone has led the RJC since 2015, during which time the organization's membership doubled, the group noted. He previously had an extensive tenure at De Beers, during which he was actively involved in industry initiatives such as the Kimberley Process Certification S...Read More

Christie's Geneva to Auction Pink Legacy, Sale Estimate of $30M-$50M

September 27, 18 / Albert Robinson

(IDEX Online) - Christie's Geneva will present the pink legacy, the largest and finest fancy vivid pink diamond ever offered at auction by the company, on November 13.   Weighing just under 19 carats (18.96 carats), the exceptional rectangular-cut gem will lead Christie's Magnificent Jewels auction. The pink diamond from the Oppenheimer family has a pre-sale estimate of $30 million to $50 mi...Read More

De Beers Marks First Year Anniversary Of Partnership With UN Women

September 27, 18 / Albert Robinson

(IDEX Online) - The program is part of De Beers Group's three-year partnership with UN Women, which includes a US$3 million investment to advance women and girls in De Beers Group's diamond producing countries, announced in September last year.   In addition to the capacity-building program for women micro-entrepreneurs in southern Africa, De Beers Group is providing scholarships to young wom...Read More