(IDEX Online) - The Delgatto Diamond Finance Fund held a well-attended roadshow at the Antwerp Diamond Club on January 28, presenting its range of asset-based financing programs for the diamond and jewelry industries. There was strong interest in its flexible financing options for the diamond industry, particularly in light of the withdrawal of banks from the sector. US-based Delgatt...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated A$22.9-million in revenue from the first sale of exceptional diamonds under the new diamond marketing policy in Angola.The ASX-listed company sold seven large and top quality diamonds weighing 498 ct from its Lulo alluvial mine, achieving a sales price of $16.7-million, which averaged at $33 530/ct.AdvertisementThe...Read More
Dr Michiel de Wit will be stepping down as TSX-V-listed Tsodilo Resources president and COO.Dr Alistair Jeffcoate has been appointed as his successor.AdvertisementDe Wit will also step down from the company’s board, but will remain “closely associated with the company” as a technical adviser.To watch Creamer Media's latest video reports, click here AdvertisementRead More
Based on diamond miner equities, sentiment surrounding the diamond industry is currently at a historically low level, says diamond analyst Paul Zimnisky. However, global diamond jewellery sales have been growing at a steady rate, in nominal and real terms, for the past nine years, he adds.In a report released on his website last week, he notes that, "over the past two years, a basket of diamond pr...Read More
Polished trading sluggish with Far East dealers onholiday for Chinese New Year. Reduced expectations for Chinese Year of the Pigafter 4Q slowdown. US buyers cautious as Conference Board consumer confidence indexfalls 5% to 18-month low, due to volatile stock market and government shutdown.High-end luxury doing well. LVMH 4Q jewelry and watch revenue +8% to $1.3B. Roughpremiums decline, with contin...Read More
Dealers and cutters cautious as US restocking isslower than expected. Low volume of new goods coming to the market, withsignificant slowdown in diamond manufacturing. Inventory levels high and suppliersoffering old stock at deeper discounts. Steady demand for SI-I1 clarity goods.Concerns about tight profit margins and reduced bank credit. Rough tradingrelatively slow following De Beers sight. Ro...Read More
RAPAPORT... Retail sales of jewelry and other luxury items dropped in HongKong in December, amid the continued impact of global economic uncertainties onconsumer demand. Revenue from jewelry, watches, clocks and other valuablegifts fell 4.9% year on year to HKD 8.27 billion ($1.05 billion), themunicipality's Census and Statistics Department reported Thursday. Sales in allretail categories wer...Read More
RAPAPORT... Reuven Kaufman, president of New York's Diamond DealersClub (DDC), spoke with Rapaport senior news reporter Joshua Freedman at therecent International Diamond Week in Israel.Retailers had a good holiday season, but have been wary about taking on too muchinventory due to global economic factors affecting sentiment, Kaufmanexplained. He also outlined how changes in Chinese buying habits...Read More
RAPAPORT... Alrosa has stopped supplying rough diamonds to Lev Leviev'sLLD Diamonds through its contract-sales arrangement, as part of a reshuffle of the miner's long-term client list.The tycoon's Israel-based firm is one of "several" former customersthat have dropped off the 2019 supply roster, known as the Alrosa Allianceprogram, the Russian company said. "Last year, there was a decision to...Read More
RAPAPORT... The Gemological Institute of America (GIA) will offer $2million in scholarship funds to aspiring students in 2019, it said Wednesday. Students interestedin its gemology and jewelry-manufacturing arts programs, distance-educationcourse and lab classes can apply for funding. "Scholarships are a very important part of ourmission-driven education programs, helping hundreds of student...Read More
(IDEX Online) - Tach?(C) company and Samir Gems jointly announce the purchase of the 29.59-carat fancy pink diamond, "The Rose of Kao" (Lesotho). The diamond was purchased at an undisclosed price by a partnership between Tach?(C) and Samir Gems, Tach?(C) said in a statement. Under the deal, Namakwa Diamonds will retain an ownership percentage in the diamond, thus participating in th...Read More
RAPAPORT... Mouawad has manufactured a 54.21-carat polished yellowstone, which, it claims, is the largest of its shape and color the Gemological Institute of America (GIA) has ever graded. The company named the round brilliant-cut, fancy-vivid-yellowstone the Mouawad Dragon, as its color is reminiscent of a "dragon's magicalpowers and fiery eyes," it said Monday. The rough stone was found in...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
RAPAPORT... Stornoway Diamond Corporation has promoted Patrick S?(C)vigny tovice president of operations with immediate effect, the company said Monday. S?(C)vigny has been with the Canada-based miner since 2015 asmanager of mining operations at its Renard asset. He played a key role in thelaunch of open-pit and underground operations at the mine. "Patrick is recognized for his ability to ov...Read More
(IDEX Online) - ALROSA has expanded its long-term customer list in 2019 within its 2018-2020 three-year contract period. Six customers who, from the beginning of 2018, were ALROSA ALLIANCE participants and candidates for the possible signing of long-term agreements obtained long-term customer status. Chow Sang Sang Jewelery (China), Kapu Gems (India), Mohit Diamonds (India), VD Global (Indi...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 240-carat, top-white gem diamond from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7. Since mini...Read More
(IDEX Online) - ALROSA will receive the Diamonds Do Good Community Stewardship Award while the Luxury Jewelers Resource Group will receive the Diamonds Do Good Community Building Award, the Diamond Empowerment Fund has announced. The awards will be presented at the Venetian Hotel in Las Vegas on May 30. ALROSA: Diamonds Do Good Community Stewardship Award The world's leading diamond mining...Read More
Operations have resumed at Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in South Africa’s Northern Cape province.This follows a temporary suspension of operations from January 22, after the Department of Mineral Resources imposed a Section 54 notice.AdvertisementThe Section 54 notice was in relation to the code of practice relating to the operation of trackless m...Read More
RAPAPORT... Revenue from jewelry and watches at LVMH Mo?<
Precious gemstones miner Gemfields has chosen to pay ?5.8 million (about $7.8m) to community members residing near its Montepuez ruby mine in Mozambique, in a "no admission of liability" move that settles a claim of human rights abuses brought against it by locals.Leigh Day, the London-based law firm representing a group of 273 Mozambicans, argued last year that security forces employed by the...Read More