RAPAPORT... Christie's Maharajas & Mughal Magnificence sale broughtin more than $109 million, the highest total for any auction featuring Indianart. The top lot was a Belle ??poque brooch, created by Cartier in 1912, which fetched $10.6 million at the New York auction on Wednesday. The piece features a number of diamonds, including a pearbrilliant-cut, 34.08-carat, E-color, VS1-clari...Read More
RAPAPORT... Tse Sui Luen (TSL) will further broaden its Chinese networkover the next few years, as it continues to see solid growth in the country. The Hong Kong-based jewelry retailer will open an additional 100 stores inmainland China in the coming two years, following the launch of 55 new locationsduring the past year, it said Wednesday. The move comes after sales in thecountry accounted f...Read More
At the event, 126 rough diamonds weighing 2,090 carats were auctioned. The lot included a large stone of 63.8 carats that originates from the deposits of Almazy Anabara JSC. The auction's total sales sum came to $7.6 million. This time, more than 100 companies participated in the auction. Buyers arrived in Dubai from Belgium, Hong Kong, India, Israel, Russia, the United Arab Emirates and the...Read More
Gem Diamonds announced it has sold all of its share capital in Gem Diamonds Botswana Proprietary Limited (GDB) to Pro Civil, a company registered in Botswana. GDB's chief is the Ghaghoo diamond mine in Botswana which has been on care and maintenance since March 2017, and which is wholly owned by GDB. GDB reported a loss of US$ 4.9 million in 2018. Its assets were valued at US$ 3.9 million. U...Read More
The Bharat Diamond Bourse (BDB) in Mumbai issued a statement, welcoming the announcement made by the Gem and Jewellery Export Promotion Council (GJEPC) that the umbrella organization of Indian diamond, gem and jewelry industry and trade would be holding a separate Buyer-Seller meeting in in parallel to the third edition of the Bharat Diamond Week (BDW) which takes place at the bourse from 14...Read More
US condition-based monitoring device supplier SpotSee is in the process of obtaining certification in Africa for its Wi-Fi radio, which enables its OpsWatch vibration monitoring system to stream condition-based data to central operations through a Web-hosted platform.The system can detect changes in vibration at an extremely low frequency (one hertz). As a result, SpotSee says, it is better able t...Read More
De Beers Group Institute of Diamonds will be partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout India. The IIG has been operating for more than 50 years and is recognized as a leader in gemology and in diamond and jewelry education in India. The partnership will initially launch with a focus on the De Beers Group online Diamond F...Read More
The Swiss Gemmological Institute (SSEF) will be participating in the Gemmological Laboratories Zone at the June Hong Kong Jewellery & Gem Fair, June 20 to 23, at the Hong Kong Convention & Exhibition Centre (HKCEC). At the June Fair, SSEF will present GemTrack???EUR? ?, a service linking cut stones to the rough stones from which they originated using gemological techniques. According to th...Read More
The immense pressure to achieve production targets occasionally means that maintenance practices are difficult to implement in the mining industry and are often time based. Therefore, mines are looking for solutions to improve maintenance management, says Finnish industrial machinery company Metso Africa market area sales support VP Scott Pringle. “Our clients are looking for innovative ways...Read More
A total of 77 cooperatives in Angola have been authorised to explore for and mine diamonds, stated an official announcement at the end of last month. The authorisations were issued by the State-owned Endiama diamond mining company. The information was released by ‘Operation Transparency’ Forward Command spokesperson, Commissioner António José Bernardo. Operation Transpar...Read More
LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has been on care and maintenance since March 2017.Under the share sale agreement, Pro Civil will make a one-off upfront payment of $5.4-million for the share capital of GDB. Gem Diamonds will use the s...Read More
RAPAPORT... Transparency is a growing goal for wholesalers, but there'sanother "T" word that may be even more important: trust. In an industry definedby long-abiding relationships, assurances of ethical sourcing depend heavily ona seller's reputation for integrity. Opening up Transparency is now a "definite trend," according to EricMor, president of New York-based wholesaler Abe Mor Diamond Cutter...Read More
RAPAPORT... Jewelry is one of three categories in the luxury sectorexpected to see solid growth in 2019, as domestic consumption in China and theUS increases, according to Bain & Company. Leather goods and handbags will also see sustained growththroughout the year, while watches will begin to show recovery in specificregions, including Europe. However, Hong Kong, the largest consumer mark...Read More
RAPAPORT... Royal Asscher has launched two new patented diamond cuts internationally,in honor of the brand's 165th anniversary, it said Monday. The Royal Asscher Oval and the Royal Asscher Cushion jointhe Netherlands-based jeweler's other two cuts, the Royal Asscher RoundBrilliant and the Royal Asscher, which has become a widely used generic diamondcut. Royal Asscher sells its diamond-jewelr...Read More
Shamiso Mtisi, the Zimbabwean lawyer who heads the Kimberley Process (KP) Civil Society Coalition (CSC), who addressed the Opening Session of the Kimberley Process Intersessional Meeting (KPI) in Mumbai, India, emphasized that the discussions on the broadening of the KP scope, meaning the broadening of the term 'conflict diamonds' to included human rights violations, should not raise anx...Read More
The International Colored Gemstone Association (ICA) GemLab Ltd will be taking part in the Gemmological Laboratories Zone at the June Hong Kong Jewellery & Gem Fair, June 20 to 23, at the Hong Kong Convention & Exhibition Centre (HKCEC). Led by company director Omar Wahid Hatta and chief gemmologist Dietmar Schwarz, ICA GemLab will offer its Premium Report at the show, with the express ser...Read More
The Cultured Pearl Association of America (CPAA) announced the opening ff its 10th Annual International Pearl Design Competition (IPDC) today, complete with an exciting collaboration with a prominent retailer to showcase and sell winning designs. The contest is open today through October 4, 2019. The CPAA celebrates pearls of all varieties, so it encourages seasoned and award-winning artists and b...Read More
HRD Antwerp announced its expansion into the UK market with the opening of a new drop-off point in London's Hatton Garden,saying that it is to help combat the proliferation of lab-grown diamonds (LGDs). "The supply of laboratory grown diamonds is ever increasing. As a result, jewelers are unknowingly selling jewelry which features a mix of natural and lab-grown diamonds. HRD Antwerp is pleas...Read More
Sarine Technologies Ltd. has begun offering jewelry suppliers and retailers a "new, simple, automated and extremely cost-effective imaging and visualization service with interactive personalization functionality." The Israeli start-up Verto has developed an innovative imaging solution that generates high quality interactive video displays, derived automatically from but a handful of images capture...Read More
The Gemological Institute of America (GIA) will be taking part in the Gemmological Laboratories Zone at the June Hong Kong Jewellery & Gem Fair, June 20 to 23, at the Hong Kong Convention & Exhibition Centre (HKCEC). GIA will give show attendees the opportunity to see live demonstrations of its newest instruments: The GIA iD100???EUR? ? gem-testing device, the GIA UV Lamp and Viewing Cabin...Read More