Students at the University of British Columbia's Norman B. Keevil Institute of Mining Engineering are partnering with tech company Riivos Inc. to design their Mine and Plant Feasibility Study capstone projects.The projects are part of their required courses and in order to complete them, the students are using a Riivos-built mining financial technology software that allows them to quickly and easi...Read More
Africa-focused Firestone Diamonds (LON:FDI) has dug up a 72-carat yellow, whole makeable diamond at its Liqhobong Mine in Lesotho, the second one over 70-carat it has found this year.The stone, recovered over the weekend together with a 22 carat makeable white stone, followed by an 11 carat fancy light-pink diamond found at the asset."Makeable" diamonds are those whose shape allows to cut one la...Read More
RAPAPORT... De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein Canada closes and the Venetia operation in South Africa shifts from open-pitto underground mining. It has predicted output of 31 million to 33 mil...Read More
RAPAPORT... Firestone Diamonds has unearthed a 72-carat rough yellowstone from its Liqhobong mine in Lesotho, along with two other largegem-quality diamonds. The miner also found a white stone weighing 22 carats and an11-carat, fancy-light-pink diamond, it said Monday. "It was a good weekend for us, recovering the 72-caratdiamond as well as the two smaller, high-quality stones from within the nor...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) plans to expand itspremises into three new towers, one of which will be the tallest building inthe country and among the 10 highest in the world. The bourse will build the 120-story tower within the IDEcomplex in Ramat Gan, along with two skyscrapers reaching 77 and 88 stories.The new buildings will increase the bourse's current space from 100,000 to80...Read More
Mark Cutifani, chief executive of Anglo American, has mounted a strong defense of the diamond industry, saying the benefits of digging gems out of the ground should not be underestimated. Speaking during Anglo American's sustainability briefing earlier this month Cutifani was asked if there was any social benefit to diamond mining. Mark Cutifani consequently pointed to Botswana, where its De...Read More
Firestone Diamonds recovered a 72-carat yellow, makeable diamond from its Liqhobong Mine in Lesotho, earlier this month. The stone was recovered together with a 22-carat makeable colorless stone, and a 11-carat fancy light-pink stone. These diamonds will go on sale at Firestone's next tender in May 2019. This is the second 70+ carat stone recovered from the operation during his calendar year. In...Read More
National Bank of Fujairah (NBF) PJSC inaugurated its first international representative office in Antwerp's Diamond District. The opening ceremony was attended by HE Mohamed Issa Hamad Abushahab, Ambassador of the United Arab Emirates to the Kingdom of Belgium, representatives from NBF Board and senior management, representatives of Antwerp's diamond industry and trade and of Antwerp's Municipalit...Read More
Alrosa's CEO Sergey Ivanov and Chairman of the Administrative Council of Endiama Jose Ganga Junior signed a Memorandum of Understanding, in the presence of President of the Russian Federation Vladimir Putin and President of the Republic of Angola Joao Louren?? ?o. ALROSA and Endiama aim to strengthen the economic, scientific and technological cooperation between the two companies. They seek...Read More
The 40th edition of OROAREZZO opened at at Arezzo's Fiere e Congressi on April 4th. Prof. Michele Geraci, Italy's Foreign Trade Undersecretary, gave the key note address during the opening ceremony. The show aims to showcase "the very best of Made in Italy jewellery???,? ?on the international market." In his address, Enrico Rossi, President of the Tuscany Region said: "Oroarezz...Read More
LSE-listed Firestone Diamonds has recovered a 72 ct yellow diamond from its Liqhobong mine, in Lesotho.The diamond was recovered together with a 22 ct white diamond and an 11 ct fancy light pink diamond.AdvertisementThese diamonds will go on sale at the next tender, which is scheduled to take place during May.This is the second diamond of about 70 ct to be recovered from the operation this calenda...Read More
RAPAPORT... The National Bank of Fujairah (NBF) has launched arepresentative office in Antwerp as it looks to expand its business lending toestablished diamond traders. The Dubai-based bank targets wholesalers with secure sourcesof income and solid product traceability, its CEO, Vince Cook, told RapaportNews last week. The new office will help it improve its market knowledgeand strengthen its...Read More
RAPAPORT... Richemont-owned IWC Schaffhausen has appointed Darin Rabbbrand president of North America. He will be responsible for growing the Swissluxury watch manufacturer's business in the region. "North America is a strategic market for IWC, and we havetremendous potential going forward," said IWC CEO Christoph Grainger-Herr."With his comprehensive professional experience and intimate knowledge...Read More
RAPAPORT... Alrosa has signed anagreement withAngola's state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide training for Angolan specialists at its facilities. "For both Russia and Angola, the diamond industry is animportant part of...Read More
RAPAPORT... A 17.43-carat Kashmir sapphire previously owned by aEuropean noble family will go on sale at Bonhams later this month. The cushion-shaped, vivid-blue stone, which dates to thelate 19th or early 20th century, will lead the April 30sale in London, the first time it has appeared at auction. It is expected to fetch GBP 300,000 to GBP 400,000 ($391,080 to$521,440). "Sapphires hailing from...Read More
RAPAPORT... A storied diamond connected to the Oppenheimer family will be among the top lots at next month'sGeneva auction at Christie's, with a presale estimate of $2.5 million to $3.5million. The rectangular-cut, 25.27-carat, D-color Jonker V ring will go underthe hammer at the Magnificent Jewels sale on May 15, the auction house saidlast week. The stone was cut from a 726-carat rough Sout...Read More
RAPAPORT... Alrosa has signed an agreement withAngola's state-run diamond-mining company to develop joint projects and shareinformation. Alrosa and Endiama have committed to work together onresearch and exploration projects in Angola. The Russia-based miner will alsoprovide training for Angolan specialists at its facilities. "For both Russia and Angola, the diamond industry is animportant part of...Read More
RAPAPORT... A 17.43-carat Kashmir sapphire previously owned by aEuropean noble family will go on sale at Bonhams later this month. The cushion-shaped, vivid-blue stone, which dates to thelate 19th or early 20th century, will lead the April 30sale in London, the first time it has appeared at auction. It is expected to fetch GBP 300,000 to GBP 400,000 ($391,080 to$521,440). "Sapphires hailing from...Read More
The Israel Diamond Exchange (IDE) plans to build a 120-story tower within the Diamond Exchange complex. The tower will be the tallest in Israel and one of the ten tallest buildings in the world. The building will expand the size of the Diamond Exchange complex to 800,000 sqm, from the 100,000 sqm it currently occupies. Some of the new area will be allocated for use by bourse members, and the rest...Read More
On Alrosa's (MICEX: ALRS) Capital Markets Day on March 18th, the company said the most frequently asked questions it gets during 1-on-1 meetings with investors are those related to the impact that "synthetic" diamonds will have on the business.Three days later, on a Mountain Province Diamonds (TSX: MPVD) analyst call following the company's full year 2018 results, a portfolio manager posed more of...Read More