The Angolan government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on September 10, followed by Beijing on September 16 and then ending in London on September 20. The intent is to...Read More
LSE-listed Gem Diamonds continues with the successful implementation of its business transformation programme, which is aimed at achieving $100-million in incremental revenue, productivity improvements and cost savings to the end of 2021.Reporting on the diamond miner’s results for the six months ended June 30, CE Clifford Elphick on Thursday said the company had already achieved $42-million...Read More
Alrosa said on Thursday its supervisory board will consider terminating the Russian diamond miner's participation in the share capital of Alrosa-Nyurba on September 10 by way of voluntary liquidation of Alrosa-Nyurba.The voluntary liquidation, in case it gets an approval from Alrosa's board and then from Alrosa-Nyurba's board and shareholders, would be completed by the end of 2020, it...Read More
Mining Weekly and Engineering News Senior Deputy Editor Martin Zhuwakinyu unpacks the investments in Zimbabwe’s mining sector.AdvertisementRead More
RAPAPORT... As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers' blockchain project - especially in the traditionally low-tech diamond industry, which, he notes, is a conglomeration of family-owned businesses. Duffy's immediate agenda, beyond developing the platform, is cle...Read More
RAPAPORT... The International Gemological Institute (IGI) has appointedAvi Levy president of its North American business, where he will be tasked withexpanding the group's international identity. "I look forward to growing [IGI's] current relationships, aswell as forging new strategic alliances, with a concentrated focus on gainingfurther recognition and expansion of the IGI global brand," Levy sa...Read More
On October 11, the Jewelry Industry Summit will hold a first in a series of informative and timely webinars designed to support and activate businesses engaging in responsible sourcing. The series, entitled "Fast Forwarding Sustainability" will provide guidance and real actions that jewelers can take now to engage in this important topic. The title of this first offering: "Tools to Kick-Sta...Read More
The International Gemological Institute (IGI) has appointed Avi Levy to serve as the new president of IGI North America. Avi succeeds seasoned industry veteran Jerry Ehrenwald, GG, ASA, who has served as IGI North America president and CEO since 1991. With 30 years of fine jewelry-related expertise, "Levy brings valuable experience to the Institute including diamond sourcing, manufacturing, produc...Read More
Four renowned gem labs will be offering their services to exhibitors and buyers during the upcoming Hong Kong Gem & Jewellery Fair later this month. HRD Antwerp NV promises "super fast service" to those submitting their diamonds for grading and sealing at its booth before 12 P.M. Clients doing so will see them returned the next day. HRD Antwerp's booth is AWE - 5B18 at the AsiaWorld-Expo...Read More
Lucapa reported that it had "delivered on key development and operational goals at the Mothae and Lulo diamond mines" during the first half of 2019. The junior diamond miner reported a consolidated net profit after tax of US$1.1 million, opposite a US$4.3 million loss in the first half of 2018. "This result was achieved during a challenging period for many diamond miners globally, particularly th...Read More
In an interview published by the South China Morning Post, Victoire de Castellane, chief of jewelry at the French fashion, jewelry and luxury house of Dior, said that "precious gems will get terribly expensive and maybe we'll find something different and start using other materials," she says. "But I'm conflicted about lab-grown diamonds, because if you can make a lot of them, how is it...Read More
PERTH (miningweekly.com) – South Africa’s Mineral Resources and Energy Minister, Gwede Mantashe, has urged continued foreign investment into the country’s resources sector, saying that the government is actively working to address electricity issues, which have constrained economic growth.Speaking on the sidelines of Paydirt’s African Downunder conference, in Perth, Mantash...Read More
RAPAPORT... Angola is looking to broaden its diamond operations, andhopes to create businesses across all points of the sector, including manufacturingand jewelry. The country recently inaugurated its third diamond-cuttingand production factory, Pedra Rubra, which will also manufacture jewelry forits five stores in Luanda. The facility, which cost $5 million to build, willprocess 5,000 carats of r...Read More
RAPAPORT... BlueRock Diamonds improved its bottom line in the first half,as sales grew amid increased production and a higher average price, the minersaid Monday. The company reported a loss of GBP 381,027 ($458,064) fromits Kareevlei mine in South Africa for the six months ending June 30, comparedwith a loss of GBP 1.3 million ($1.6 million) the previous year. Rough sales more than doubled year o...Read More
RAPAPORT... Marie-Chantal Kaninda hasstepped down as executive director of the World Diamond Council (WDC) after two and a half years in the position. "Marie-Chantal's influence on the WDC has been profound,"WDC president Stephane Fischler said Tuesday."As a citizen of the Democratic Republic of Congo (DRC) and a veteran ofthe African mining sector, she brought to the position a sensibility a...Read More
RAPAPORT... Lucapa Diamond Company returned to profit in the first half,amid an increase in sales and a higher average price, the company said Tuesday. The miner recorded a net profit of $1.1 million in the sixmonths ending June 30, compared with a loss of $4.3 million during the sameperiod last year. Sales of rough from the company's Lulo mine in Angola andMothae deposit in Lesotho rose 85% to $2...Read More
RAPAPORT PRESS RELEASE, September 3, 2019, Las Vegas ... Diamond markets were quiet in August, with dealers taking their summer vacations amid uncertainty about the important Hong Kong Jewellery & Gem Fair. Demand from China slowed due to an escalation of the US-China trade war, protests in Hong Kong, and the depreciation of the yuan.Diamond prices continued to soften, with the RapNet Diamond...Read More
Marie-Chantal Kaninda, WDC Executive Director World Diamond Council (WDC) is leaving her post after more than two years of service. Kaninda said that her decision to move on certainly does not come "from a place of disillusionment or disappointment, on the contrary, but simply because new opportunity has presented itself, and at this stage of my career I feel that I must seize it." "I will be fore...Read More
The International Jewellery London (IJL) show kicked off on Sunday, September 1, drawing good foot traffic on a sunny, inviting day. The second day of IJL 2019 welcomed the inaugural Jeweller of the Fair, John More, who presented some of his large, silver pieces. For More, who also is a professional dancer, jewelry pieces are all about movement of, the pieces and of the wearers. A specially curate...Read More
RAPAPORT... Angola is looking to expand its diamond operations, andhopes to create businesses across all points of the sector, including manufacturingand jewelry. The country recently inaugurated its third diamond-cuttingand production factory, Pedra Rubra, which will also manufacture jewelry forits five stores in Luanda. The facility, which cost $5 million to build, willprocess 5,000 carats of ro...Read More