(IDEX Online) - The organizers of the Jewelry Industry Summit have published the agenda and speaker roster for the upcoming Jewelry Industry Summit taking place in Tucson, Feb, 2-3. An international array of expert and experienced industry members will share their ideas and recommendations for actions that jewelers can take now to sustain the supply chain for jewelry products, the group sa...Read More
Quebec’s diamond miner, Stornoway, produced 1.32-million carats from the processing of 2.33-million tonnes of ore in the 2018 financial year, missing its guidance of recovering at least 1.35-million carats from the processing of 2.5-million tonnes of ore.In its fourth-quarter and 2018 production and sales results announcement, the TSX-V-listed company said on Wednesday that lower tonnages we...Read More
MineHub Technologies and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain - from mine to end buyer.Goldcorp Inc. (TSX: G), ING Bank (NASD: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (T...Read More
RAPAPORT... International Jewellery London (IJL) has appointed KatieMorris as its exhibition director. Morris has been working for Reed Exhibitions, the organizerof IJL, since 2010, beginning as head of marketing for the group's London BookFair. She became head of buyer programs for IJL in April. In that role, Morrisincreased international buyer presence at last year's show by 15%, the show o...Read More
RAPAPORT... The World Jewellery Confederation (CIBJO) has released a newguide for the jewelry industry detailing standards and practices for supply-chaindue diligence. The 14-page "Responsible Sourcing Blue Book" provides a setof universal guidelines industry members can follow to help them supportresponsible sourcing and maintain integrity in their supply chain, CIBJO saidMonday. "The phil...Read More
RAPAPORT... Stronger prices for higher-value rough diamonds liftedMountain Province's 2018 sales, as the company sold its entire production for the year. The miner's sales surged79% year on year to $240 million in 2018, according to Rapaport calculations. Sales volumeincreased 64% to 3.3 million carats, with the average selling price up 6% to$74 per carat, it reported Wednesday. Diamond sales...Read More
RAPAPORT... Jewelers of America (JA) honored retailers, designers andjournalists at Friday's GEM Awards in New York. Stewart Wicht, whoretired as CEO of Rolex Watch USA in December, picked up the LifetimeAchievement accolade in recognition of his contribution to the industry duringhis lengthy career at the company. Tiffany & Co. also received an award forits marketing efforts. The event's 17...Read More
(IDEX Online) - The diamond industry has moved from a relatively stable environment to a highly uncertain environment, with 2019 and the years ahead seeing lab-grown diamonds for jewelry entering a growth phase, said ABN AMRO Bank in a report. The launch by De Beers of its lab-grown diamond jewelry line "has serious consequences for the actors in the diamond industry," according to the rep...Read More
(IDEX Online) - Mountain Province Diamonds Inc. announced that production at the Gahcho Ku?(C) diamond mine achieved a record figure of 6.94 million carats last year. Q4 and Full Year 2018 Summary With another solid operating quarter in Q4 2018, the GK mine ended 2018 with record diamond production of 6.94 million carats at an average grade of 2.17 carats per tonne, 17% higher than the prev...Read More
(IDEX Online) - The Israel Diamond Exchange (IDE), organizers of the International Diamond Week in Israel (IDWI), reports that due to overwhelming registration for the event only a few hotel rooms for participating buyers are available. IDWI is offering eligible buyers three complimentary nights at a local hotel, but organizers warn that late registration will not guarantee free hotel acco...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company produced 3 089 ct of diamonds from its Mothae operation, in Lesotho, during the December quarter.The 1.1-million-tonne treatment plant was commissioned during the December quarter, delivering Lucapa its second operational mine.AdvertisementLucapa said on Wednesday that the ramp-up at Mothae continued to progress well, with the p...Read More
RAPAPORT... Stronger prices for higher-value rough diamonds boosted Mountain Province's 2018 sales, as the company sold its entire production for the year. The miner's sales surged79% year on year to $240 million in 2018, according to Rapaport calculations. Sales volumeincreased 64% to 3.3 million carats, with the average selling price up 6% to$74 per carat, it reported Wednesday. Diamond sal...Read More
RAPAPORT... Michael Hill's sales rose during the holiday period, buoyed bya shift in the company's marketing strategy, it said Tuesday. The jeweler's same-store sales - at branches open for at least a year- increased 1.3% year on year during the November-to-December period,but decreased 2.9% for the second fiscal quarter overall. Although salesfell, performance improved significantly compared to t...Read More
RAPAPORT... Chow Tai Fook followed a string of major retailers observing a slowdown in greater China as same-store sales fell in the three months that ended December 31. "A decline in same-store sales was recorded for both mainland China and Hong Kong and Macau markets in the third quarter amid uncertain macroeconomic environment," the jeweler said in a trading update Monday.Same-store sales...Read More
RAPAPORT... Alrosa will resume diamond-mining operations in Zimbabwe after a two-year break from the country. The Russian miner announced it would partner with the African country to develop joint exploration and extraction projects. The announcement took place during a visit to Moscow by Zimbabwe President Emmerson Mnangagwa. "We...seek to support Zimbabwe in the development of its diamond-m...Read More
RAPAPORT... The former CEO of Dominion Diamond Mines is launching alab-grown-diamond venture targeting the bridal market, the Financial Timesreported. Patrick Evans's company will produce synthetic stones at aUS location with access to cheap solar power, the report said Sunday. It willsell diamonds above 1 carat, pricing them at a discount of 15% to 20% offnatural diamonds. Evans left Dominion la...Read More
(IDEX Online) - The Board of Directors of CIBJO, the World Jewellery Confederation, has approved the first edition of the Responsible Sourcing Book, which provides a framework and guidance for due diligence related to the responsible sourcing of gemstones and precious metals in the jewelry sector. It becomes the latest in CIBJO's Blue Book series of definitive industry guides for stan...Read More
ASX-listed Newfield Resources is, along with its technical partners PPM, SRK Consulting and Datamine, nearing completion of the front-end engineering design study for its Tongo diamond project, in Sierra Leone.The outcome of the study is expected to be released in the first quarter of this year.AdvertisementMoreover, final mine optimisation is ongoing and is set to be completed shortly.Newfield ha...Read More
(IDEX Online) - ALROSA has announced it is launching operations in Zimbabwe following a visit to Moscow by President Emmerson Mnangagwa. With the support of the Zimbabwe government, ALROSA will develop new mining operations in the country. "Today we see opportunities for a new stage of our partnership," said ALROSA CEO Sergey Ivanov. "We are ready to develop new joint projects for...Read More
South Africa’s mining production decreased by 5.6% year-on-year in November.Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors.AdvertisementCommenting on the report, Investec indicated in a statement on Tuesday that this outcome was notably below market expectations.Further,...Read More