Lucara Diamond Corporation's Karowe mine, in Botswana, has yielded another significant find – a 240 ct top white gem diamond.It will be shown alongside the 127 ct, top white gem diamond recovered earlier this year, together with other exceptional diamonds recently recovered from Karowe at Lucara's upcoming diamond tender that will close on March 7.Advertisement"This . . . diamon...Read More
(IDEX Online) - The Diamond Producers Association, in association with Lakm?(C) Fashion Week, announced the winners of 'The Real Cut', a platform which will bring together emerging diamond jewelry designers from iconic jewelry brands to define future trends while drawing on their inspiration from diamonds. Shazia Motiwala of A.S Motiwala, Bhavana Jhakia of Om Jewellers, Rupam Singhal of Or...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
LSE-listed Petra Diamonds delivered solid production, along with a “continued improvement” in its safety performance, in the first half of the 2019 financial year.CEO Johan Dippenaar on Monday said the mining company, which operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, was “seeing production reaching consistent leve...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
RAPAPORT... South Africa's Department of Mineral Resources (DMR) hassuspended operations at BlueRock Diamonds' Kareevlei mine after a machinery accident. The mining regulator issued a formal complaint regarding BlueRock's use of its trackless mining machines, thecompany said last week. BlueRock, which has since met with the DMR to discuss thematter, is in the process of amending its code of...Read More
RAPAPORT... A high-value section of the Karowe minecontains a larger supply of diamonds than originally thought, Lucara DiamondCorp. said. A feasibility study at the Botswana-basedasset shows a 54% increase in indicated resources in the EM/PK (S) portion of itssouth lobe region, from which Lucara previously recovered the 1,109-caratLesedi La Rona and the 813-carat Constellation. "In 2019 we...Read More
RAPAPORT... Jewelers of America (JA) has appointed Regina Ciarleglio asits new director of membership, the trade association said Friday. Ciarleglio, who will oversee JA's membershipdevelopment and retention, has more than 25 years of experience in the watchand jewelry industry, having previously worked for Cartier, Swiss Army Brandsand Gucci. She was most recently director of retail development a...Read More
RAPAPORT... A high-value section of the Karowe minecontains a larger supply of diamonds than originally thought, Lucara DiamondCorp. said. A feasibility study at the Botswana-basedasset shows a 54% increase in indicated resources in the EM/PK (S) portion of itssouth lobe region, from which Lucara previously recovered the 1,109-caratLesedi La Rona and the 813-carat Constellation. "In 2019 we...Read More
Angola produced a total of 9.43-million carats of diamonds last year, which brought in revenues of $1.2-billion. These figures were reported to Angolan news agency Angop by Endiama President Ganga Júnior. Endiama stands for Empresa Nacional de Prospecção , Exploração, Lapidação e Comercialização de Diamantes de Angola (the National Com...Read More
Lucara Diamond (TSX:LUC) today stated that it is on track with the works towards a feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine.The Karowe mine is located in northern Botswana and hosted the world's second-largest diamond, which Lucara unearthed in 2016.According to Lucara, the $14.8-million feasibility study that would allow them to ex...Read More
Global miner Anglo American (LON: AAL) ended 2018 on a high note, posting strong fourth quarter production results on Thursday despite setbacks at its iron ore operations in both South Africa and Brazil.Output of copper, one of the miner's main commodities, reached a five-year high, with overall output for the last quarter of 2018 rising 7% as a result of operational changes that boosted efficie...Read More
The world's top diamond producer by output, Alrosa (MCX:ALRS) and China's Anjin have been chosen by Zimbabwe's government to partner with the state-owned diamond miner in exploring and digging for precious stones in the country.According to local paper The Herald, the move is part of the Zimbabwe National Diamond Policy, approved in December last year, aimed at reviving the country's diamond indus...Read More
Diamond marketsquieter than usual in January. Dealers cautious amid sluggish US post-holidaydemand. Far East orders slow as jewelersfocus on Chinese New Year sales. Decline in Chinese tourist spending sees Tiffany& Co. Nov./Dec. sales -1% to $1B. Luk Fook 3Q same-store sales -10%. JBT reports US industry shrinks 4% to 25,102 jewelers in 2018. Roughsentiment weak as manufacturers facetight prof...Read More
Dealers concerned about slower-than-normal January trading.Far East demand quiet before Chinese New Year. Selective post-holidayrestocking by US retailers. SI-I1 doing well in most sizes. Melee market stableand showing signs of improvement. Manufacturers holding large inventory andmaintaining lower polished production. RoundRead More
RAPAPORT... Alrosa's rough-diamond production fell 7% in 2018 amid theclosure of two of its assets, the miner said Thursday. Output for the year dropped to 36.7 million carats, as thecompany was no longer carrying out open-pit mining at the Udachnaya pipe. TheMir mine, which shut in August 2017 after a flood that killed eightemployees, also remains closed. The Russian miner reported sales vo...Read More
RAPAPORT... Eddie Levian has an air of confidence as he navigates LeVian's large and loud booth at the JCK Luxury show in Las Vegas. With musicblaring in the background, he stops mid-sentence during our interview about thejewelry brand's latest collection to focus on his retail partners. "If everyone could send a happy birthday message to mybrother, who couldn't be with us at the show this year,"...Read More
RAPAPORT... De Beers' sales volume fell 4% last year due to weakeneddemand for lower-value diamonds in the second half. The miner sold 33.7 million carats of rough, compared with 35.1million carats in 2017, as clients bought fewer of its cheaper stones, itreported Thursday. De Beers' average price for sales - excluding some sales by itsjoint-venture partners - rose 6% to $171 per carat for t...Read More
(IDEX Online) - Online diamond trading platform IDEX and the Delgatto Diamond Finance Fund (DDFF) announced today a joint initiative that will make it easier for diamond and jewelry wholesalers globally to use DDFF's services to easily access capital. The DDFF specializes in collateral-based financing for diamond and jewelry companies. "For the first time ever, the industry has a fina...Read More
Multidisciplinary engineering and environmental consultancy Knight Piésold aims to expand its mining capability and market share, especially in tailings, as well as assist mines in developing renewable-energy projects in remote areas where grid power is unavailable or unreliable, says Knight Piésold mining technical director Andrew Copeland.He tells Mining Weekly that, in South Afric...Read More