Diamond stocks Articles

De Beers Sales Slip to $440M

Nov 20, 2018 / Rapaport News

RAPAPORT... De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing $100 per carator less, sightholders said last week. The Indian manufacturing sector has struggledwith thinning profit margins due to rel...Read More

Gemfields Notes Rise In Liquidity At Singapore Rough Emeralds Auction

November 20, 18 / Albert Robinson

(IDEX Online) - Gemfields has announced auction revenues of $28.4 million from a November 14-17 sale of higher quality rough emeralds held in Singapore.   The company recorded an average price of $68.03 per carat, with 40 companies placing bids and 74% of the goods offered being sold, a significant improvement on the results of the last such auction held last May.   The 30 auctions of g...Read More

De Beers reports stable ninth sales cycle before retail selling season starts 

20th November 2018 / Marleny Arnoldi     

Diamond miner De Beers sold $440-million worth of rough diamonds during the ninth sales cycle of this year.This is lower than the $475-million worth of diamonds sold in the eighth cycle of the year, as well as the $503-million worth of diamonds sold in the seventh cycle.AdvertisementDe Beers sold $466-million worth of rough diamonds in the ninth cycle of 2017.The sales are based on global sightho...Read More

IDI Optimistic Regarding HK International Jewelry Manufacturers' Show

November 20, 18 / Albert Robinson

(IDEX Online) - The Israel Diamond Institute (IDI) said it is optimistic as it prepares for the November 29-December 2 Hong Kong International Jewelry Manufacturers' Show at the Hong Kong Convention & Exhibition Centre.   IDI said that positive expectations are based on rising demand in Hong Kong and other Asian markets, and an anticipated increase in activity before the Chinese New Year...Read More

VOD Dubai International Jewellery Show Hosts Buyers from 21 Countries

November 20, 18 / Albert Robinson

(IDEX Online) - VOD Dubai International Jewellery Show (VOD DIJS), organized by DV Global Link, a joint-venture company between Dubai World Trade Centre (DWTC) and the Italian Exhibition Group (IEG), hosted local, regional and international exhibitors from 21 countries, showcasing over 25,000 jewelry pieces and holding valuable trade and consumer lifestyle events.   VOD DIJS said next year's...Read More

De Beers Posts Second Straight Sub-$500M Sales at Latest Sight

November 20, 18 / Albert Robinson

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $440 million in the ninth sales cycle (Global Sightholder Sales and Auction Sales) of 2018.   The sales figure is the lowest sales figure reported by the miner so far this year and the second consecutive sale below the $500 million mark.   The miner reported confirmed sales of $482 million in the eighth cycle, compa...Read More

KV1 grade at BlueRock's Kareevlei exceeds expectations

20th November 2018 / Tasneem Bulbulia     

Aim-listed BlueRock Diamonds has recorded a grade of 4.51 carats per hundred tonnes (cpht) at KV1 – one of five known diamondiferous kimberlite pipes at its Kareevlei mine, near Kimberley, in South Africa.It is currently mining from two pipes at Kareevlei – KV1 and KV2.AdvertisementIt has now processed the first Level 1 ore from KV1 totalling 20 500 t, resulting in grades of between 3....Read More

Woman Questioned About Alleged Leviev Diamond Firm Smuggling Ring Kills Herself

November 20, 18 / Albert Robinson

(IDEX Online) - A woman aged 42 who reportedly worked as a bookkeeper at Lev Leviev's LLD diamond company jumped to her death from the company's offices at the Ramat Gan bourse.   The woman had been questioned by police under caution regarding an investigation into an alleged diamond smuggling ring that had been going for some years and amounted to hundreds of millions of shekels, a...Read More

Gemfields Auctions Off 5,655ct. Emerald

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

Sotheby's to Offer 11ct. Blue in 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

India Polished Exports Rise in October

Nov 19, 2018 / Rapaport News

RAPAPORT... India's polished-diamond exports climbed19% by value in October amid a higher volume and average price compared with a year ago, according todata from the Gem & Jewellery Export Promotion Council. Exports are up 9%for the year to date as an 18% jump in the average price has offset lowervolume, reflecting a shift toward higher-value goods. India's net diamondaccount surged 50% over...Read More

Sales Deferral Hits Lucapa Proceeds

Nov 19, 2018 / Rapaport News

RAPAPORT... Lucapa Diamond Company garnered $4.2 million at its Novembertender as the miner continued to hold back higher-value goods for sale later inthe year. The company sold 3,411 carats of alluvial rough from itsLulo mine in Angola, fetching an average price of $1,220 per carat. The sale excluded a parcel of seven large, top-qualitystones from Lulo, including four type IIa white diamond...Read More

Large Stones Support Mountain Province Sales

Nov 19, 2018 / Rapaport News

RAPAPORT... Mountain Province's average selling price rose at itsNovember tender amid strong demand for higher-value goods and a slightimprovement in the market for smaller rough. The miner garnered $72 per carat from the sale of 245,751carats of rough diamonds from its Gahcho Ku mine in Canada, bringing in atotal of $17.7 million, it said last week. That compares with $66 per carat inOctober...Read More

Danish Retailer Launches First Brand Set With Greenland Rubies And Sapphires

November 19, 18 / Albert Robinson

(IDEX Online) - Greenland Ruby, Greenland's only miner of ruby and pink sapphire, has announced that Hartmann's Jewellery, a Danish luxury brand, is introducing a collection of jewels using Greenlandic rubies and pink sapphires.   The Hartmann collection features more than 50 pieces of Greenlandic ruby and pink sapphire jewelry using a total of approximately 300 carats of rubies and pink sap...Read More

Lucapa sells more diamonds from Lulo

19th November 2018 / Esmarie Iannucci     

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated a further $4.2-million in sales revenue following the sale of 3 411 ct from its Lulo alluvial mine, in Angola.The company told shareholders that the parcel of diamonds achieved an average price per carat of $1 220, bringing the total year-to-date sales of Lulo diamonds to $24.5-million at an average price per carat...Read More

Large Stones Drive Mountain Province Tender

Nov 19, 2018 / Rapaport News

RAPAPORT... Mountain Province's average selling price rose at itsNovember tender amid strong demand for higher-value goods and a slightimprovement in the market for smaller rough. The miner garnered $72 per carat from the sale of 245,751carats of rough diamonds from its Gahcho Ku mine in Canada, bringing in atotal of $17.7 million, it said last week. That compares with $66 per carat inOctober...Read More

18ct. Diamond to Lead Bonhams NY Sale

Nov 18, 2018 / Rapaport News

RAPAPORT... Bonhams will offer an 18.04-carat diamond at its FineJewelry sale in New York next month, estimating the piece at $400,000 to$600,000. The emerald-cut, G-color, VS2-clarity diamond flanked bytrillion-cut diamonds will head up the auction on December 3 at the company'sMadison Avenue location, Bonhams said Thursday. "This is a beautiful example of a large, white diamondexhibiting sensat...Read More

Hong Kong Polished Imports Rise

Nov 18, 2018 / Rapaport News

RAPAPORT... Polished-diamond imports to Hong Kong increased 11% in thethird quarter, according to data from the Diamond Federation of Hong Kong,China. The average price of imports jumped 15%, offsetting the lower volumes -a trend that reflects a shift toward higher-value goods among traders.Polished imports grew 6% for the year to date, while exports to mainland Chinaclimbed 12% to $2.58 billionHo...Read More

Alrosa Pulls Out of Botswana Exploration Project

Nov 18, 2018 / Rapaport News

RAPAPORT... Alrosa has sold its 50% stake in the Sunland Mineralsexploration project in Botswana, according to its former joint-venture partner. Botswana Diamonds bought the Russian miner out for a"nominal sum" and now owns the asset outright, it said in a statement Thursday.Another large diamond producer with "new ideas" that is "keen to find newkimberlites" in the African country is close to acq...Read More

Colored Diamonds Lead $60M Sotheby's Sale

Nov 18, 2018 / Rapaport News

RAPAPORT... Sotheby's garnered $59.9 million at its Geneva auction lastweek as a 21.19-carat pink diamond smashed its estimate with a final price of $7.4million. The cushion-shaped, fancy-light-pink, VVS2-clarity, type IIadiamond fetched $347,601 per carat, Sotheby's reported following the Thursdaysale. It had a presale valuation of $4.5 million to $6.5 million. The Magnificent Jewels & Noble...Read More