The success of public-private joint venture Debmarine Namibia illustrates the possibilities of marine extraction activities attaining environmental sustainability, local empowerment of communities and economic progression.The marine diamond recovery partnership between the government of Namibia and De Beers Group contributes about 70% to the country’s total diamond production, while being hi...Read More
Golden Share Resources (TSXV: GSH) has acquired the Basking project in Ontario, Canada.In a press release, the miner said that Basking, which is made up of four small non-contiguous claim blocks totaling 34 single cell mining claims, was acquired through map staking.The project is located near the western edge of the James Bay Lowlands and about100 kilometres north-northwest of the Ring of Fire ni...Read More
RAPAPORT... Lucapa Diamond Company garnered $3.5 million at the secondtender of diamonds from its Mothae mine in Lesotho, with stones selling for upto $26,000 per carat, it said Wednesday. The miner sold 7,008 carats of rough stones at the Antwerptender, and based on the results, is considering a third sale in the secondquarter. That tender would include a 126-carat diamond the Australia-base...Read More
RAPAPORT... A Tanzanian small-scale miner has recovered a 512-caratdiamond, the largest ever found in the country, according to a Twitter post by a government official.The stone, which sold for $1.4 million, was found earlierthis month by Joseph Temba in the Shinyanga region, Kitila Mkumbo, permanent secretary at Tanzania's Ministry of Water, wrote on the social-media site last week. Temba so...Read More
RAPAPORT... A selection of jewelry and intellectual property belonging to Nirav Modi's FirestarDiamond and Fantasy businesses will be up for auction at the JCK Las Vegas show. The sale will feature $3.5 million worth of Nirav Modi jewelry, including wedding bands, bracelets and necklaces. Purchasers will also be granted the patents to reproduce thejewelry in the US and other countries,...Read More
RAPAPORT... Former Signet Jewelers president Seb Hobbs will serve asinterim managing director of the company's UK business for the next month.Hobbs, who has been with the jewelry retailer for more thaneight years, began his term at Signet in the UK. He was promoted to president in January 2017, and transferred to theUS. He stood down inApril, and will return to the UK to head operations there...Read More
Junior diamond miner Mountain Province Diamonds published a forward looking report on the prospective Faraday 2 diamond mining project. The report said the future mine holds 5.45 million carats of diamonds contained in 2.07 million tonnes of kimberlite, with an overall grade of 2.63 carats per tonne and an average value of US$140 per carat. This represents a 49% increase in total tonnes and a 74%...Read More
In a business where the overwhelming majority of end-consumers are female, women in the diamond sector are remarkably under-represented, not only at the executive and employee levels, but even in terms of the way in which the product traditionally has been marketed. The photo of the model wearing the ring, brooch or necklace is generally a woman, but, more often than not, the message is directed a...Read More
GCal Laboratories will be showcasing $3,5 million worth of Nirav Modi's jewelry retail chain collections. Among the to be auctioned collections of the fugituve, bankrupt diamantaire are platinum and 18-karat gold collection suites such as Embrace, Luminance, Mughal, Lotus, Celestial and Jasmine. The Embrace Collection (expandable) includes bracelets, wedding bands, and necklaces. In th...Read More
The Gujarati newspapers Gujarat Mitra and Gujarat Darpan both published news items reporting that the Mumbai Cargo Customs authorities had stopped a shipment of rough diamonds of one India's leading diamond manufacturer that was suspected to be undervalued. The Mumbai Cargo Customs authorities investigated the shipment to assess its value.According to the articles published on May 25th, initi...Read More
RAPAPORT... A Tanzanian small-scale miner has recovered a 512-caratdiamond, the largest ever found in the country, according to a Twitter post by a government official.The stone, which sold for $1.4 million, was found earlierthis month by Joseph Temba in the Shinyanga region, Kitila Mkumbo, permanent secretary at Tanzania's Ministry of Water, wrote on the social-media site last week. Temba so...Read More
PERTH (miningweekly.com) - Diamond miner Lucapa Diamond Company has reported sales revenue of A$5-million for the sale of a parcel of 7 008 ct of rough diamonds from its Mothae operation, in Lesotho.The ASX-listed company noted that the tender, in Antwerp, included prices of up to $26 000/ct for individual gems.AdvertisementMD Stephen Wetherall said on Wednesday that the latest tender results cont...Read More
RAPAPORT... A pink diamond ring named for its resemblance to bubble gumfetched $7.5 million at Christie's Hong Kong auction. The rare cushion modified brilliant-cut, 3.43-carat,fancy-vivid-purplish-pink, internally flawless diamond sold for $2.2 million per carat. The ring, designed by Moussaieff, features pear-shaped pink diamondsand marquise-cut white diamonds surrounding the center stone....Read More
RAPAPORT... Gemological Science International (GSI) has identified undisclosed lab-grown white sapphire melee set in pendants that had been submitted as natural-diamond jewelry. The pendants, which GSI's NewYork lab had received for a routine screening, contained near-colorless synthetic sapphires, placed next to natural white diamonds. "While the industry has taken considerable steps to add...Read More
RAPAPORT... Swiss watch exports fell 0.4% to CHF 1.76 billion ($1.75million) in April, amid continued weak demand in Hong Kong. "The negative change in exports to Hong Kong accentuated theslowdown in growth that began in late 2018," the Federation of the Swiss WatchIndustry reported Tuesday. The percentage decline suffered from an unfavorable comparison with April 2018, when shipments t...Read More
Gemological Science International (GSI), the New York headquartered, global gemological organization and a leader in diamond identification and screening, recently identified synthetic white sapphire melee in jewelry. The synthetic sapphires were detected during a routine jewelry screening procedure. GSI's New York Screening and Testing Department received diamond pendants for screening and f...Read More
Luxury market intelligence agency The Futurist is supporting a new marketing and research project of the Plumb Club of suppliers to the US jewelry, diamond and watch industries. Using data acquired through this research, the symbols of the Polar Star and the Sun, and the constellations, were identified as significant trending iconic motifs that resonate with the consumer. The Plumb Club has create...Read More
Alrosa held a rough diamond tender earlier this week at the Israel Diamond Exchange (IDE) in Ramat Gan. The sale resulted in a revenue of $10.2 million. The company sold 120 stones at a total weight of 1,940 carats, including two large diamonds weighing more than 50 carats each. Firms from Belgium, Hong Kong, India, Israel, Russia, the UAE and the USA were among the tender participants. The tende...Read More
GGTL Laboratories Liechtenstein announced it has launched a the first real diamond fingerprint report in the market. GGTL Director Thomas Hainschwang explained that the report is the result of 23 years of experience in diamond/fancy color diamond testing combined with the development of unique diamond testing equipment at the laboratory. This service which has been develop...Read More
RAPAPORT... Gemological Science International (GSI) has identified undisclosed lab-grown white sapphire melee set in pendants that had been submitted as natural-diamond jewelry. The pendants, which GSI's NewYork lab had received for a routine screening, contained near-colorless synthetic sapphires, placed next to natural white diamonds. "While the industry has taken considerable steps to add...Read More