Diamond stocks Articles

Stornoway Appoints Head of Operations

Jan 30, 2019 / Rapaport News

RAPAPORT... Stornoway Diamond Corporation has promoted Patrick Svigny tovice president of operations with immediate effect, the company said Monday. Svigny has been with the Canada-based miner since 2015 asmanager of mining operations at its Renard asset. He played a key role in thelaunch of open-pit and underground operations at the mine. "Patrick is recognized for his ability to overcomech...Read More

ALROSA Adds More Clients to List of Long-Term Customers

January 30, 19 / Albert Robinson

(IDEX Online) - ALROSA has expanded its long-term customer list in 2019 within its 2018-2020 three-year contract period.   Six customers who, from the beginning of 2018, were ALROSA ALLIANCE participants and candidates for the possible signing of long-term agreements obtained long-term customer status. Chow Sang Sang Jewelery (China), Kapu Gems (India), Mohit Diamonds (India), VD Global (Indi...Read More

Lucara Recovers 240-Ct Top White Gem Diamond From Karowe Mine in Botswana

January 30, 19 / Albert Robinson

(IDEX Online) - Lucara Diamond Corp. has recovered a 240-carat, top-white gem diamond from its 100% owned Karowe Diamond Mine located in Botswana.   This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7. Since mini...Read More

Diamond Empowerment Fund Announces 2019 'Diamonds Do Good' Honorees

January 30, 19 / Staff Reporter

(IDEX Online) - ALROSA will receive the Diamonds Do Good Community Stewardship Award while the Luxury Jewelers Resource Group will receive the Diamonds Do Good Community Building Award, the Diamond Empowerment Fund has announced. The awards will be presented at the Venetian Hotel in Las Vegas on May 30.   ALROSA: Diamonds Do Good Community Stewardship Award The world's leading diamond mining...Read More

Operations resume at BlueRock's Kareevlei mine

30th January 2019 / Marleny Arnoldi     

Operations have resumed at Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in South Africa’s Northern Cape province.This follows a temporary suspension of operations from January 22, after the Department of Mineral Resources imposed a Section 54 notice.AdvertisementThe Section 54 notice was in relation to the code of practice relating to the operation of trackless m...Read More

LVMH Sees Strong Jewelry Sales in 2018

Jan 30, 2019 / Rapaport News

RAPAPORT... Revenue from jewelry and watches at LVMH Mot Hennessy LouisVuitton increased 8% in 2018, amid a strong year for Bulgari, the company said Tuesday. Jewelry-and-watch revenue rose to EUR 4.12 billion ($4.71billion), driven also by good results at Hublot, whichrepresented the company as the official timekeeper for the FIFA World Cup. The Chaumet brand performed especially well in Asi...Read More

Gemfields to pay $7.8m to settle human rights abuses claims in Mozambique

Jan. 29, 2019, 6:40 AM / Cecilia Jamasmie

Precious gemstones miner Gemfields has chosen to pay 5.8 million (about $7.8m) to community members residing near its Montepuez ruby mine in Mozambique, in a "no admission of liability" move that settles a claim of human rights abuses brought against it by locals.Leigh Day, the London-based law firm representing a group of 273 Mozambicans, argued last year that security forces employed by the min...Read More

Rethinking mining strategies among the top-10 global trends to shape 2019

Jan. 29, 2019, 6:00 AM / Cecilia Jamasmie

Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More

Russia's Alrosa finds its largest diamond in over two years

Jan. 29, 2019, 5:28 AM / Cecilia Jamasmie

The world's top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than two years.The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing plant No 12 of Udachny mining and processing division, the Ru...Read More

Matthew Tratner Takes On Role at GIA

Jan 29, 2019 / Rapaport News

RAPAPORT... The Gemological Institute of America (GIA) has appointedMatthew Tratner global director of business development. Tratner will be responsible for expandingand deepening the GIA's relationships with retailers and other stakeholders. "Matt's industry experience will play an invaluable role aswe work to meet the needs of the gem and jewelry industry, and further ourmission of en...Read More

Martin Rapaport Addresses Israel Bourse

Jan 29, 2019 / Rapaport News

RAPAPORT...Martin Rapaport called on traders to develop a niche andfocus on providing customers with their precise needs, as he addressedattendees at the International Diamond Week in Israel (IDWI)."The idea that you have a specialized area where you arethe best...is a very healthy place to be, assuming there are customers for it," the Rapaport Group Chairman said Monday in apresentation at the Is...Read More

Alrosa Recovers Its Largest Diamond in 2.5 Years

Jan 29, 2019 / Rapaport News

RAPAPORT... Alrosa has unearthed a rough stone weighing nearly 200carats from its Udachnaya pipe, its largest in more than two years, the companysaid Tuesday. The 191.46-carat stone, which is white with a slightyellowish tinge, was found earlier this month at the asset's N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago, it said. "Suc...Read More

China Slowdown Hits Swiss Watch Exports

Jan 29, 2019 / Rapaport News

RAPAPORT... Swiss watch exports fell in December, with a sharp declinein China outweighing growth in other markets. Outbound shipments slid 2.8% year on year to CHF 1.63billion ($1.64 billion), the Federation of the Swiss Watch Industry reportedTuesday. "Half of the 30 most important markets grew in December, butnot enough to compensate for the decline in other outlets," the federationsaid....Read More

De Beers Reports Lower Sales On The Year In First Sale Of 2019

January 29, 19 / Albert Robinson

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $505 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2019.   The figure was substantially lower than the year-earlier figure of $672 million.   Bruce Cleaver (pictured above), CEO, De Beers Group, said: "Rough diamond sales during the first sales cycle of 2019 were lower than those f...Read More

De Beers Sales Slump Amid Market Weakness

Jan 29, 2019 / Joshua Freedman

RAPAPORT... De Beers' rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold a year ago, the companyreported Tuesday. January is typically one of the biggest sales periods of theyear for rough, as retailers and dealers restock aft...Read More

ALROSA Extracts 191-Ct Diamond, Largest Found In Recent Years

January 29, 19 / Albert Robinson

(IDEX Online) - A rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019, said diamond giant ALROSA.   The gemstone had dimensions of 40x31x20 mm and a weight of 191.46 carats. It was extracted at the processing plant N12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge.   "Such lar...Read More

Bharat Diamond Bourse announces 2nd season of Diamond Sports League

January 29, 19 / Albert Robinson

(IDEX Online) - The Bharat Diamond Bourse (BDB) announced the 2nd season of Bharat Diamond Sports League (BDSL Season -2) on 17th January at the Convention Hall, Bharat Diamond Bourse.   The Bharat Diamond Sports League is an initiative taken by the Bharat Diamond Bourse to bring its members closer via sporting activities.   Anoop Mehta, president of BDB, welcomed all the 13 participati...Read More

Stornoway appoints VP of operations

29th January 2019 / Creamer Media Reporter     

Quebec diamond miner Stornoway Diamond Corporation has appointed Patrick Sévigny to the position of VP for operations, effective immediately.With more than 25 years of experience in the sector, mining engineer Sévigny joined Stornoway in January 2015 as manager of mining operations at the Renard mine.AdvertisementTo watch Creamer Media's latest video reports, click here Advertis...Read More

De Beers sells $505m rough diamonds in first sales cycle 

29th January 2019 / Simone Liedtke     

Diamond producer De Beers on Tuesday reported that rough diamond sales in this year's first sale cycle had reached $505-million.This is $167-million less than the $672-million earned in the first sales cycle of 2018. Sales in the previous cycle – cycle ten of 2018 – reached $544-million.Advertisement“Rough diamond sales during the first sales cycle of 2019 were lower than th...Read More

Alrosa Finds Its Largest Diamond in 2.5 Years

Jan 29, 2019 / Rapaport News

RAPAPORT... Alrosa has unearthed a rough stone weighing nearly 200carats from its Udachnaya pipe, its largest in more than two years, the companysaid Tuesday. The 191.46-carat stone, which is white with a slightyellowish tinge, was found earlier this month at the asset's N12 processing plant. The Russia-based miner last found a comparably sized diamond two and a half years ago, it said. "Suc...Read More