Diamond stocks Articles

Trading in CARAT coins is launched on Hotbit digital asset exchange

Sep. 25, 2018, 9:51 AM / Carats.io

SEPTEMBER 25, 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 th...Read More

Christie's to auction largest, finest pink diamond in its history

Sep. 25, 2018, 6:00 AM / Cecilia Jamasmie

The largest and finest fancy vivid pink diamond ever offered at auction by Christie's it's about to go under its hammer in Geneva, with experts expecting it to fetch a record price of between $30 million and $50 million.The Pink Legacy was once owned by the Oppenheimer family, the former owners of De Beers.The rectangular cut diamond, named Pink Legacy, was once part of the Oppenheimer collection,...Read More

Lower-Value Swiss Watches Dent Export Growth

Sep 25, 2018 / Rapaport News

RAPAPORT... Swiss watch exports grew at a slower pace in August due to a drop in demand for lower-value timepieces. Total shipments rose 6% to CHF 1.5 billion ($1.55 billion),the Federation of the Swiss Watch Industry reported. Exports of watches pricedover CHF 3,000 ($3,103) increased 7% by value, and those worth between CHF 500 ($517)and CHF 3,000 grew 8%. Timepieces valued at CHF 200 ($207...Read More

19ct. Oppenheimer Pink Diamond Could Set Records

Sep 25, 2018 / Rapaport News

RAPAPORT... Christie's expects to sell a rare 18.96-carat, fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category.  The rectangular-cut, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More

Alrosa Sees Strong Prices at Large-Stone Auctions

Sep 25, 2018 / Rapaport News

RAPAPORT... Alrosa sold $12.6 million worth of rough at its most recent large-stone auctionin Vladivostok, Russia, with the miner reporting healthy premiums on the opening bids at the sale. The 108 diamonds - each over 10.8 carats - weighed a combined2,003 carats and fetched an average price of $6,291 per carat, the miner saidlast week. Companies from Russia, mainland China, Hong Kong, the US, Is...Read More

New Find to Add Life to Gahcho Ku

Sep 25, 2018 / Rapaport News

RAPAPORT... A kimberlite discovered during new exploration at MountainProvince's Gahcho Ku mine will expand total production at the asset. Deposits located near the north pipe of the mine have the potential to increase output at Gahcho Kuby 2.2 million to 4.2 million carats, the company reported last week. "Our continued success in this near-mine exploration programis very encouraging," said Moun...Read More

U.S. Jewelry And Watch Sales Robust Again In July

September 25, 18 / Albert Robinson

(IDEX Online) - Sales of fine jewelry and fine watches rose by 8.5 percent in the U.S. market in July, when compared to the same month a year ago, as the graph below illustrates.   Overall sales in July, the last month for which figures are available, were an estimated $5.9 billion, according to preliminary data from the U.S. Commerce Department.     Outlook   The American e...Read More

Bharat Diamond Week Set to Welcome Buyers Who Missed Out on HK Show

September 25, 18 / Albert Robinson

(IDEX Online) - The October 8-10 Bharat Diamond Week is set to welcome many representatives of diamond and jewelry companies who were planning to visit the Hong Kong Jewellery and Gem Fair but had to cut short or cancel due to Typhoon Mangkhut which battered Hong Kong, the Bharat Diamond Bourse (BDB) said in a statement.   The typhoon led to the closure a day early of the initial part of the...Read More

WFDB Set to Discuss Critical Industry Issues at World Diamond Congress

September 25, 18 / Albert Robinson

(IDEX Online) - With a month to go before the opening of the 38th World Diamond Congress in Mumbai, the World Federation of Diamond Bourses (WFDB) is fine-tuning the agenda for its meetings.   WFDB President Ernie Blom (pictured above) said the organisation's agenda would comprehensively reflect the issues dominating the global diamond industry.   "There is certainly no shortage of...Read More

Lower-Value Swiss Watches Dent Exports

Sep 25, 2018 / Rapaport News

RAPAPORT... Swiss watch exports grew at a slower pace in August due to a drop in demand for lower-value timepieces. Total shipments rose 6% to CHF 1.5 billion ($1.55 billion),the Federation of the Swiss Watch Industry reported. Exports of watches pricedover CHF 3,000 ($3,103) increased 7% by value, and those worth between CHF 500 ($517)and CHF 3,000 grew 8%. Timepieces valued at CHF 200 ($207...Read More

19ct. Pink Diamond Could Set Records

Sep 25, 2018 / Rapaport News

RAPAPORT... Christie's expects to sell a rare fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category.  The rectangular-cut, 18.96-carat, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More

Prices Strong at Alrosa Large-Stone Auctions

Sep 25, 2018 / Rapaport News

RAPAPORT... Alrosa sold $12.6 million worth of rough at its most recent large-stone auctionin Vladivostok, Russia, with the miner reporting healthy premiums on the opening bids at the sale. The 108 diamonds - each over 10.8 carats - weighed a combined2,003 carats and fetched an average price of $6,291 per carat, the miner saidlast week. Companies from Russia, mainland China, Hong Kong, the US, Is...Read More

Free State has potential to host further commercial kimberlites - Botswana Diamonds

25th September 2018 / Simone Liedtke     

The Free State has the potential to host further commercial kimberlites, says Botswana Diamonds, referencing research in various archives into the history of diamond mining in South Africa.Following the initial document research work and ground truthing, Aim-listed Botswana Diamonds has since started taking ground samples for whole rock geochemistry tests conducted by the Council for Geosciences.A...Read More

19ct. Pink Could Set Records

Sep 25, 2018 / Rapaport News

RAPAPORT... Christie's expects to sell a rare fancy-vivid-pink diamond for between $30 million and $50 million, potentially setting a new world auction record price for the color category.  The rectangular-cut, 18.96-carat, type IIa Pink Legacy, belonging to theOppenheimer Family, will lead the Magnificent Jewels sale in Geneva, the auction house said Tuesday. The stone is the largest fancy-v...Read More

Diamond Empowerment Fund Awards $130,000 to Botswana Top Achievers

September 24, 18 / Staff Reporter

(IDEX Online) - The Diamond Empowerment Fund (D.E.F) donated $130,000 to the Botswana Top Achiever Program during a dinner reception with President Mokgweetsi E.K. Masisi of Botswana.   The presentation was made on the eve of the opening of the 73rd Session of the UN General Assembly.   The Top Achiever program recognizes students across Botswana, and provides them with the ability to s...Read More

ALROSA: Large Rough Diamond Sales In Vladivostok Raises $12.6M

September 24, 18 / Albert Robinson

(IDEX Online) - ALROSA, the world's largest diamond mining company, held an auction of special size rough diamonds (over 10.8 carats) in Vladivostok, with 108 gem-quality lots with total weight of 2,003 carats sold for $12.6 million.   The miner said that 76 companies from Russia, mainland China, Hong Kong, the US, Israel, Belgium, India and the UAE took part in the auction.   "The...Read More

India And United States Seeing Rising Platinum Jewelry Sales, Says PGI

September 24, 18 / Albert Robinson

(IDEX Online) - Platinum Guild International (PGI) has published the Q2 Platinum Jewellery Business Review (PJBR) of the platinum jewelry market around the world.   Upon close evaluation of the performance of the platinum jewelry market during the second quarter, key findings reveal that despite being a young market India's sales for platinum jewelry are steadily increasing and the more matu...Read More

Volunteers From Forevermark US, Local Jeweler Rebuild Honduras School

September 24, 18 / Staff Reporter

(IDEX Online) - Over 60 volunteers from Forevermark US and staff from Forevermark authorized jeweler, Diamonds International Honduras, have partnered together to rebuild, improve and expand a school for children in Roatn, Honduras.   The five-week combined effort more than doubled the school's capacity, making it the largest in the area. Results included: greatly improving the overall space,...Read More

Young generations push record diamond demand butrequire new approaches by industry

21st September 2018 / Rebecca Campbell     

The worldwide demand for diamond jewellery set a new record high of $82-billion in 2017, diamond giant De Beers reported in its ‘Diamond Insight Report 2018’. The driving forces behind this demand were Millennial and Generation Z (Gen Z) consumers, who, together, accounted for 66% of global diamond sales last year. ‘Millennials’ refers to peoplewho are currently in the age...Read More

Ramaphosa moves to revitalise mining, create certainty

21st September 2018 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – It is imperative that South Africa restores investment and exploration levels in the mining sector as mining and mineral beneficiation activities have significant potential to drive long term growth, exports and job growth, President Cyril Ramaphosa said in his economic stimulus and recovery plan speech on Friday.He said that following extensive consultation...Read More