(IDEX Online) - Bonhams said that a set of Chameleon diamonds will be auctioned at its Rare Jewels and Jadeite sale in Hong Kong on 25 November. A diamond necklace (pictured above) featuring nine Chameleon diamonds weighing 13.87 carats is expected to fetch between HK$1,600,000 and HK$3,000,000 ($200,000-$380,000). "Chameleon diamonds are amongst the rarest and most mysterious of c...Read More
(IDEX Online) - Russian diamond miner Alrosa has joined the pilot program of Tracr, the end-to-end diamond industry blockchain traceability platform being developed by the De Beers Group in collaboration with industry stakeholders from the manufacturing and retail sectors. "Following the announcement of the Tracr pilot earlier this year, Alrosa's involvement brings the world's two largest d...Read More
LONDON, Oct 29 (Reuters) - Mining companies must forge new ties with partners from customers to governments as they pursue innovation and compete for talent with technology giants, Rio Tinto's chief executive said in a speech to be delivered on Tuesday.The mining industry has recovered from the deep commodity crash of 2015-16, but faces headwinds from U.S.-China trade tensions, which have dented t...Read More
World's No.1 diamond producer by output Alrosa (MCX:ALRS) has joined rival De Beers' end-to-end diamond blockchain program, aimed at clearing the supply chain of imposters and conflict precious rocks.Anglo American's De Beers, the largest diamond miner by value, began developing its "Tracr" tracking platform last year, but officially launched a pilot program to test the technology in January.With...Read More
Shares in Africa-focused Firestone Diamonds (LON:FDI) climbed Monday after the company said that its 75%-owned Liqhobong diamond mine in Lesotho had a strong start to the second quarter after selling its third most valuable stone to date.The 68-carats white diamond fetched just under $1 million, it said, adding it also sold and a 20-carats fancy yellow diamond at an undisclosed price. Firestone...Read More
RAPAPORT... Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company - now DeBeers Global Sightholder Sales - between 2006 and 2014, during which sheoversaw the division's move from London to Gaborone. She is currently an independent director of th...Read More
RAPAPORT... De Beers has signed up Alrosa to its blockchain pilot, bringingthe world's two largest diamond producers together for the source-verificationproject. "We believe tracing requires industry cooperation andcomplementation for the sake of a common goal," Alrosa CEO Sergey Ivanov said ina statement Monday. De Beers' Tracr platform tracks diamonds from the miningstage to finished jewelry usi...Read More
RAPAPORT... Lucapa Diamond Company's sales fell 49% year on year inthe third quarter as the miner withheld a parcel of large stones until afterAngola's new marketing policy goes into effect. Revenue came to $4.5 million from two tenders during thethree months ending September 30, the company reported Monday. Sales volumesdeclined 4% to 5,058 carats, while the average price fell 47% to $893 percara...Read More
Russian diamond miner Alrosa has joined the Tracr diamond industry blockchain traceability platform that fellow miner De Beers is developing.Alrosa’s involvement brings the world’s two largest diamond producers together in the pilot programme that aims to provide enhanced assurance for consumers and trade participants about the authenticity of their diamonds.Advertisement“To prov...Read More
(IDEX Online) - Blue Nile, Inc. the largest online retailer of certified diamonds and fine jewelry, has opened a new facility for its Diamond and Jewelry Consultants, continuing the brand's commitment to providing the industry's most advanced service. At the forefront of innovation, the facility was designed to increase productivity and continue the award-winning customer service...Read More
(IDEX Online) - Yoram Dvash, President of the Israel Diamond Exchange (IDE), has been appointed to head a new committee of the World Federation of Diamond Bourses (WFDB) to undertake strategic initiatives to advance the global industry, the IDE said in a statement. The new appointment was announced during the World Diamond Congress in Mumbai, which concluded last week. IDE President...Read More
The Star Diamond Corporation has received environmental approval from the Saskatchewan government for its Star-Orion South project, near Prince Albert.The project already has a positive federal environmental assessment decision in the bag.AdvertisementThe company recently announced the positive results of the independent preliminary economic assessment on the project, which estimates that 66-milli...Read More
(IDEX Online) - The GIA announced that Alrosa, the world's largest producer of rough diamonds, is piloting the Institute's M2M program. "The M2M program is a way to share with the consumer the story of our diamonds," said Sergey Ivanov, CEO of Alrosa. "The creation of tracing systems is an important step in confirming diamond provenance, which will have benefits for industry participants, r...Read More
(IDEX Online) - Lucapa Diamond Company and the government of Lesotho have received an approved Term Sheet from the Industrial Development Corporation of South Africa Limited (IDC) for a ZAR100 million (US$7 million) development facility for the Mothae diamond mine in Lesotho. Lucapa owns 70% of the operation, while the government of Lesotho owns the remainder. The financing agreement...Read More
Aim-listed Firestone Diamonds recovered 240 733 ct of diamonds at a grade of 23.8 carats per hundred tonnes (cpht) from its Liqhobong mine, in Lesotho, during the quarter ended September 30 – the first quarter of its 2019 financial yearThis compares with the 263 512 ct recovered at a grade of 25.7 cpht in the fourth quarter of the 2018 financial year, ended June 30.AdvertisementDiamond sales...Read More
The president of Zimbabwe Miners Federation, Henrietta Rushwaya, announced that villagers living around the Marange diamond fields in the eastern Manicaland province will be allocated claims to extract gems as part of government plans to empower the communities through mining.During a meeting with members of the regional miners association, Rushwaya said her office approached state-owned Zimbabwe...Read More
RAPAPORT... The Democratic Republic of Congo (DRC) has exportedconflict-free artisanal gold to the US jewelry market for the first time,according to groups involved in the project. The metal from the South Kivu province has gone on sale atcertain Signet Jewelers retail chains, the Responsible Artisanal Gold SolutionsForum (RAGSF) said last week. RAGSF and the US Agency for International Devel...Read More
RAPAPORT... Jewelers of America (JA) will launch its first NationalConvention in New York next July. The forum - open to jewelry professionals -will feature expert presentations and discussions on issues facing the US and international jewelry industry, the JA said last week. It willrun from July 28 to 29, coinciding with other New York industry events,including the Women's Jewelry Associatio...Read More
RAPAPORT... Production at the Gahcho Ku?(C) mine was flat in the thirdquarter as higher grades offset the impact of a planned closure. Ore from the asset yielded 2.4 carats of rough diamonds pertonne - an 8% increase versus a year ago. Total output was therefore stable at1.8 million carats, even as the amount of material treated fell 8% to 759,000tonnes. "A planned maintenance shutdown in th...Read More
RAPAPORT... Richemont has partnered with Alibaba Group to improve Chineseconsumers' access to the Swiss retailer's luxury platforms. Alibaba will provide the technology and infrastructure to helpRichemont sell to the Chinese market through its e-commerce sites, Net-a-Porterand Mr Porter, the companies said Friday. Richemont will launch two mobile appsfor those platforms, as well as making the onli...Read More