Next week, ten thousands of international gem and jewelry industry buyers will touch down in Hong Kong to take part in the sixth Hong Kong International Diamond, Gem & Pearl Show, opening on February 26, and two days later in the 36th Hong Kong International Jewellery Show. Both exhibitions are organised by the Hong Kong Trade Development Council (HKTDC). The sixth HKTDC Hong Kong Internationa...Read More
The AWDC reported that currently, Mexico mainly imports polished diamonds from the United States. This Royal Mission is therefore an apt opportunity to promote the Antwerp diamond trade in Mexico and to encourage Mexican diamond traders to purchase their diamonds from Antwerp instead. While Mexico imports about $100 million worth of loose polished diamonds annually, Belgium's market share is curre...Read More
RAPAPORT... Swiss watch exports were flat in January at CHF 1.62 billion ($1.62 billion), as a drop in orders from Chinaoutweighed solid growth in other major export markets. "The main markets reported growth, except for China, whichexperienced one of the most unfavorable base effects of the last four years," the Federation of the Swiss Watch Industry reported Tuesday. Exports to China...Read More
RAPAPORT... The average amount US couples spent on engagement rings dropped 2% in 2018, according to a survey The Knot released lastweek. While 28% of the 14,000 respondents spent more than $6,000on their ring, the national average was approximately $5,680, down from $5,764in 2017, the data showed. In 2018, "high-spenders" - those whose nuptials cost more than$60,000 - spent an average of $13...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit's Mining Block6 region, is the miner's 12th over 100 carats to date. Lucapa also recently unearthed a 7.5-carat, fancy-purple-pink diamond in the same portion of themine, it said. The company will likely s...Read More
Lucara Diamond Corp. recently recovered a 223-carat, high white gem diamond, from its Karowe Diamond Mine in Botswana.This stone will be shown alongside the 240 carat and 127 carat, top white gem diamonds reported earlier this year together with other exceptional single diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Eira Thomas CE...Read More
Lucapa Diamond Company, Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas announced the recovery of a 128-carat diamond from the Lulo alluvial mine in Angola. The stone is the 12th +100- carat diamond recovered to date from Lulo, offering proof once again of the nature of the prolific Lulo diamond field. The diamond was recovered along with a 7.5 carat fancy purple pink gem. The...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 128 ct diamond from its Lulo alluvial mine, in Angola.The diamond is the twelfth stone over 100 ct to be recovered to date from the Lulo operation, which continued to underline the large-stone nature of the Lulo diamond field, said Lucapa.AdvertisementThe diamond was recovered from Mining Block 6, along with a 7....Read More
Petra Diamonds has appointed Richard Duffy as CEO. He is to commence his task on April 1, 2019. The veteran, outgoing CEO Johan Dippenaar will be working closely with Duffy to ensure an efficient handover. According to a news release issued by Petra, Duffy who worked for almost three decades for Anglo American and AngloGold Ashanti Ltd., has extensive experience in both open pit and undergr...Read More
MHKA, the Museum of Contemporary Art Antwerp, is staging an exhibition called "Melancholia: The Diamond," in collaboration with Lars von Trier, Marianne Slot and Leonid Ogarev. The exhibition is inspired by van Trier's film "Melancholia" (2011) and also harks back to van Trier's days in film school when he made very first documentary about diamonds. The fascination with diamond has r...Read More
RAPAPORT... Swiss watch exports were flat in January at CHF 1.62 billion ($1.62 billion), as a drop in orders from Chinaoutweighed solid growth in other major export markets. "The main markets reported growth, except for China, whichexperienced one of the most unfavorable base effects of the last four years," the Federation of the Swiss Watch Industry reported Tuesday. Exports to China...Read More
RAPAPORT... The average amount US couples spent on engagement rings dropped 2% in 2018, according to a survey The Knot released lastweek. While 28% of the 14,000 respondents spent more than $6,000on their ring, the national average was approximately $5,680, down from $5,764in 2017, the data showed. In 2018, "high-spenders" - those whose nuptials cost more than$60,000 - spent an average of $13...Read More
2019 is off to a great start for Lucara Diamond Corp, with the Canada-headquartered mining company having recovered another large diamond at its Karowe mine, in Botswana.The large find is a 223 ct, high white gem diamond, which will be shown alongside the 240 ct and 127 ct top white gem diamonds found last month, at the upcoming March 7 tender.AdvertisementLucara is listed on the TSX.To watch Crea...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit's Mining Block6 region, is the miner's 12th over 100 carats to date. Lucapa also recently unearthed a 7.5-carat, fancy-purple-pink diamond in the same portion of themine, it said. The company will likely s...Read More
Feb 18 (Reuters) - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in th...Read More
RAPAPORT... World Federation of Diamond Bourses (WFDB)president Ernie Blom has called for the industry and government to collaborateand rebuild South Africa's diamond trade following massivedownsizing of the industry. "The diamond sector worldwide has flourished when close cooperation betweengovernment and industry prevails," Blom said last week, following an address by Gwede Mantashe, the c...Read More
RAPAPORT... Lucapa Diamond Company has failed to recover rough stones with sufficient commercial value from the Little Spring Creek exploration site at its Brooking lamproite mine inWestern Australia, it said Monday. The miner launched its Brooking project in October, and hassince recovered 1,219 viable stones from the site. However, follow-up explorationonly turned up 11 diamonds, with a tot...Read More
RAPAPORT... Petra Diamonds has appointed mining veteran Richard Duffy as its new CEO, tasked with returning the company to positive cash flow and lower debt. "[Duffy] brings with him an impressive depth of globalmining experience, which we believe will be critical to drive Petra'stransition from a phase of intensive capital expenditure and expansion to afocus on steady-state, cash-generative opera...Read More
RAPAPORT... Belgium's shipments of rough and polished slid in Januaryamid a slowdown in the global industry. A 10% drop in the volume of polishedexports outweighed growth in the average price, with the total value down 4%for the month, according to data the Antwerp World Diamond Centre (AWDC) released last week. Rough imports and exports also slumped, reflecting weakerdemand from manufacturers. Wh...Read More
LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from the net loss of $7.2-million recorded for the six months to December 31, 2017.Nevertheless, outgoing CEO Johan Dippenaar conceded that the company’s interim results had been impacted on by the...Read More