(IDEX Online) - Signet Jewelers Limited announced three new agency partners to improve the effectiveness of its investments in advertising and marketing, and in support of the three strategic priorities of its Path to Brilliance transformation plan - Customer First, OmniChannel, and a Culture of Agility and Efficiency. "Our newly announced agency partners will contribute to Signet's Path to...Read More
Atlantic Gold (TSXV: AGB; US-OTC: SPVEF) says recently completed diamond drilling at its Cochrane Hill gold deposit in Nova Scotia is confirming mineralization extensions initially defined in its 2018 phase three resource definition drill program.Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold from 227 metres downhole including 1 metre at 466...Read More
Angola's state-owned diamond firm Endiama sees production rising to 13.8 million carats in 2022 compared with 9.5 million carats forecast for this year, a senior official said on Wednesday.Production in 2018 was 9.4 million carats, Endiama's director of geology, Kapingana Mandavela, told an African mining conference.(By Wendell Roelf; Editing by James Macharia)Read More
RJK Explorations (TSXV: RJX.A) announced this week that it has entered into a property option agreement with Anthony "Tony" Bishop for the Bishop Nipissing diamond properties in Ontario, Canada.Kimberlite on Bishop Nipissing Diamond Claims. Photo by RJK.In a press release, RJK said the exploration properties total 2,090 hectares encompassing at least 18 potential kimberlite pipes located approxima...Read More
RAPAPORT... A client of the Gemological Institute of America (GIA)wrongly submitted a natural diamond as a lab-grown stone, the organizationsaid.The GIA's Carlsbad laboratory recently received the round brilliant,2.23-carat, D-color diamond, which the customer had sent in for asynthetic-diamond grading report. "When a declared synthetic diamond is submitted to a GIAlaboratory, it is not often that...Read More
RAPAPORT... US retail sales will grow 3.8% to 4.4% this year, despiteeconomic concerns and trade tensions, according to the National RetailFederation (NRF). "We believe the underlying state of the economy is sound,"NRF CEO Matthew Shay said Tuesday. "Many people are working, they're makingmore money, their taxes are lower, and their confidence remains high." The organization expects total sa...Read More
CAPE TOWN – Angola's State-owned diamond firm Endiama sees production rising to 13.8-million carats in 2022 compared with 9.5-million carats forecast for this year, a senior official said on Wednesday.Production in 2018 was 9.4-million carats, Endiama's director of geology, Kapingana Mandavela, told an African mining conference.AdvertisementTo watch Creamer Media's latest video repor...Read More
(IDEX Online) - The Antwerp World Diamond Centre (AWDC) reported that diamond trading was balanced in 2018, with imports and exports of rough and polished in line with the year-earlier figures. Exports of polished goods were down 4.5% on the year in volume terms to 4.79 million carats, but up slightly in value to $11.45 billion. Exports of rough stones declined on the year by 5% to 1...Read More
RAPAPORT... The government of South Korea has abolished a 26% individualconsumption tax (ICT) on the import of polished diamonds, following talks withits bourse. In December, the government agreed to simplify the taxsystem for diamond importers by replacing it with a 5% import tax and a 10% value-addedtax (VAT), the World Federation of Diamond Bourses (WFDB) said Tuesday. That came after a f...Read More
RAPAPORT... Thieves have broken into a bank vault near Antwerp's diamonddistrict, with some clients in the dark about whether their goods have beenstolen. Daring burglars entered the BNP Paribas Fortissecure area via a sewage pipe on Sunday, emptying about 30 deposit boxes,according to local media. The bank and local police couldn't say whether any diamondswere stolen. Clients were lining up at t...Read More
A report made public today by Rapaport reveals that polished-diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last month and 5.9% compared to last year.Smaller diamonds saw a less steep decline in prices as 0.5-carat rocks fell by 0.3% in January 2019 and 0.1% when compared to last year, and 0.3-ca...Read More
BlueRock Diamonds (LON:BRD) said Tuesday it had recovered an "exceptional" 8.97-carat stone at its Kareevlei mine, in the Kimberley region of South Africa.It is the second largest stone mined from Kareevlei and the third valued at more than $50,000. The other two were a 7.76 carat stone sold for $10,070 per carat in 2017 and a 10.58 carat diamond sold for $7,047/carat in 2018.The 8.97 carat stone...Read More
RAPAPORT... The board of the Israel Diamond Institute (IDI) has electedBoaz Moldawsky for a three-year term as chairman, it said Tuesday. Moldawsky, who has served as acting chairman for the pastyear, has also been deputy president of the Israel Diamond Exchange (IDE),chairman of the finance committee, and a member of the board of the Israel DiamondManufacturers Association. He is co-CEO of t...Read More
RAPAPORT... Danish jeweler Pandora expects revenue to fall 3% to 7% this year, after weak results in 2018 prompted an overhaul of its brand and marketing activities. "We are taking immediate and forceful action to address thedisappointing aspects of our financial performance in 2018," Pandora chief operatingofficer Jeremy Schwartz said Tuesday. "We are confident that this company-widebusines...Read More
RAPAPORT... A reduced supply of vivid-yellow diamonds will drive a priceincrease this year, according to the Fancy Color Research Foundation (FCRF). "In the last three years we witnessed a substantial [quantity]of vivid yellows coming to market, mainly from the Misery Pipe at [DominionDiamond Mines'] Ekati mine in Canada," Jim Pounds, FCRF advisory board member and executive vice president of...Read More
(IDEX Online) - Following five years of talks and intensive work by the Korea Diamond Exchange (KDE), the South Korean government in December abolished a 26% Individual Consumption Tax on imported polished diamonds that dates back to 1976, said bourse Chairman Nam Chang-Soo. "Now, South Korean diamond importers will have a simplified tax regime: a 5% import tax and 10% Value Added Tax, sai...Read More
RAPAPORT PRESS RELEASE, February 5, 2019, Las Vegas ... Polished-diamond prices softened in January as US restocking proved slower than expected after the holiday season, and as Far East buyers took vacation ahead of the Chinese New Year. Dealers were cautious due to weak demand, tight profitability and a significant reduction in bank credit.The RapNet Diamond Index (RAPI?,,?) for 1-carat dia...Read More
(IDEX Online) - Boaz Moldawsky, who has served as the Acting Chairman of the Israel Diamond Institute (IDI) for the past year, has been elected by IDI's Board of Directors as its Chairman for a three-year term. Moldawsky is a second-generation diamantaire whose family were among the founders of the Israeli diamond industry. He has been active in public service in the industry for many years...Read More
Aim-listed BlueRock Diamonds has recovered an exceptional 8.97 ct diamond at its Kareevlei mine, in the Kimberley region of South Africa.This will be the third diamond to be recovered at Kareevlei that is independently valued at more than $50 000.AdvertisementA diamond weighing 7.76 ct was recovered in 2017 and sold for $10 070 /ct and a diamond weighing 10.58 ct was recovered in 2018 and sold for...Read More
RAPAPORT... Danish jeweler Pandora expects revenue to fall 3% to 7% this year, after weak results in 2018 prompted an overhaul of its brand and marketing activities. "We are taking immediate and forceful action to address thedisappointing aspects of our financial performance in 2018," Pandora chief operatingofficer Jeremy Schwartz said Tuesday. "We are confident that this company-widebusines...Read More