The Women's Jewellery Network (WJN) published a list of its new Ambassadors that were revealed this week. Commenting on the launch, WJN Managing Director Victoria McKay said: "This has been a truly humbling, inspiring and challenging process. We were overwhelmed by the response to our call for Ambassadors and as such, wanted to take the time to fully review and respond to every woman who had...Read More
Ten years and ten months after the official opening in July 2008, production at De Beers Group Victor Mine in northern Ontario has come to an end. On May 26, the last of the economic ore was processed through the plant, followed by several days of low-grade ore and limestone to help purge the plant of any remaining diamonds. Mining activities in the pit ended on March 5, when the mine switched to...Read More
The Diamond Development Initiative (DDI), an international non-profit development organization, is seeking an Executive Director to provide strategic and operational leadership for its work on the social, economic, human rights and policy challenges facing the artisanal diamond mining sector in Africa and South America. The position includes working with stakeholders in governments, civil society...Read More
Aim-listed Gem Diamonds paid Lesotho $24.55-million in royalties and taxes for the 2018 financial year.The company, which operates the Letšeng mine, in Lesotho, paid $6.16-million in taxes to the Lesotho Revenue Authority and $18.39-million in royalties to the country’s government.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
Angola wants to increase its diamond production from 9 to 14 million carats by 2022. An objective of the Angolan government that the World Diamond Council (WDC) considers feasible. In a conversation with Plataforma, WDC President Stephane Fischler said that Angola has all the conditions to be among the biggest producers within three years. To do this, however, it is necessary to "invest and modern...Read More
RAPAPORT... Sarine Technologies has partnered with 14 diamond manufacturers on its Diamond Journey provenance program, enabling retailers to tap a growing resource of polished stones certified through the initiative. "We expect to have tens of thousands of documented diamonds by year-end," Sarine CEO David Block said Monday. "With over 70 million diamonds being processed by Sarine's inst...Read More
Aim-listed Botswana Diamonds’ associate, Vutomi, has received approval to sell 256 ct of rough diamonds recovered during a bulk sampling programme at the Thorny River project, in South Africa.The sale of diamonds from bulk sampling will enable the further development of the project.AdvertisementTrenching by Botswana Diamonds has identified a “hotspot” at Thorny River, with a thic...Read More
RAPAPORT... Diamonds with proven ethical sourcing should sell for a higher price than others, participants in Rapaport's annual town hall meeting in Las Vegas concluded. "The biggest challenge for sourcing ethical diamonds is whether consumers are willing to pay extra for them," stressed one of the participants in the discussion that took place during last week's JCK show. "I believe there is...Read More
RAPAPORT... The Women's Jewellery Network (WJN) has unveiled its new list of industry ambassadors, including RapaportEditor-in-Chief Sonia Esther Soltani. The new network will help shape conversations around thetrade and progress the organization's agenda, WJN managing director VictoriaMcKay said Monday. The ambassadors were chosen from more than 100 applicants, WJN noted. "These initial amba...Read More
RAPAPORT... Sales at Alrosa fell 8% year on year to $266 million in Mayamid a continued slowdown in the Indian manufacturing sector, the Russian miner said Monday. Rough-diamond sales declined 6% to $261.1 million for themonth, while polished revenue plunged 52% to $5 million. May's total figure isalso down 17% from April, and is the lowest overall monthly sales result so farthis year. "We s...Read More
RAPAPORT... Sotheby's brought in a total of $8.5 million at a New Yorkauction last week, as a 15.13-carat diamond ring more than doubled its high estimate. The pear-shaped, D-color, SI2-clarity, Marianne Ostier piecegarnered $475,000, or $31,395 per carat, against a high estimate of $225,000.It was the top-selling lot at the Important Jewels sale. A diamond ring - set with a cushion-cut, 22.4...Read More
The CNBC network reported earlier this month that Costco had sold a $400,000 diamond ring to a consumer. The choice of the customer to purchase a platinum ring at this price at Costco, a warehouse retailer, is in itself unusual and therefore it made the news. The ring is set with a round brilliant of 10.03 carat, VS1 clarity, I color. "Sales highlights for the quarter included some significant di...Read More
As expected, a vivid purplish-pink, modified emerald-cut diamond with a bubble-gum-color was sold at auction by Christie's in Hong Kong for an extraordinary price, fetching $7.5 million. The 3.4-carat stone, set in a ring by the house of Moussaieff, was auctioned by Christie's Asia in Hong Kong on May 28. The name of the buyer remained undisclosed. The ring was estimated to sell fo...Read More
Foreign Policy (FP) , an organization that offers "a different view of foreign policy" and examines "how the moves of government and its officials can influence countries all over the world," published an article about diamonds. "The most wanted diamonds in the world are also the most expensive ones. So, let's check the top most expensive diamonds in the world." FP included the followi...Read More
RAPAPORT... Diamonds with proven ethical sourcing should sell for a higher price than others, participants in Rapaport's annual town hall meeting in Las Vegas concluded. "The biggest challenge for sourcing ethical diamonds is whether consumers are willing to pay extra for them," stressed one of the participants in the discussion that took place during last week's JCK show. "I believe there is...Read More
The world’s largest diamond miner by volume, Russia’s Alrosa, has sold about $700-million worth of diamonds less in the first five months of this year, than in the same period last year, highlighting the pressure that the diamond market is under amid a supply glut.Sales for the January to May period amounted to $1.59-billion, comprising rough diamonds of $1.56-billion and polished diam...Read More
RAPAPORT... Diamonds with proven ethical sourcing should sell for a higher price than others, participants in Rapaport's annual town hall meeting in Las Vegas concluded. "The biggest challenge for sourcing ethical diamonds is whether consumers are willing to pay extra for them," stressed one of the participants in the discussion that took place during last week's JCK show. "I believe there is...Read More
The Responsible Jewellery Council (RJC) made its mark at JCK Las Vegas with a panel discussion on responsibility and trust in the jewelry supply chain. The panel's members were: [photo - from left] Iris Van der Veken, Executive Director at RJC; Raj Metha, Director at Rosy Blue NV; Erik Jens, CEO at LuxuryFintech.com; Gina Drosos, CEO at Signet Jewelers; Jeff Corey, Owner of Day's Jeweler...Read More
Organized by the Israel Diamond Institute (IDI), the Israel Diamond Pavilion will be in the diamond area in Hall 3BC. As in previous years, it will include a spacious lounge, this time in a new and modern design, with refreshments served throughout the day. Convenient "Get Diamonds" terminals will enable buyers to search a computerized database in both English and Chinese of all goods offered by I...Read More
Ritani, a vertically integrated, technology-minded jewelry company launched Virtual Shelf at JCK Las Vegas. Virtual Shelf is a white-label application and sales vehicle that "re-imagines how jewelers sell, and customers shop for engagement rings, diamonds, and jewelry." Like its various competitors, Ritani sought to overcome one of the brick-and-mortar retail jewelers' most urgent dilemmas, i...Read More