RAPAPORT... Alrosa has unearthed its largest yellow rough diamond thisyear, the miner said Monday. The 28.59-carat stone has a deep greenish-yellow hue, classifyingit as fancy intense yellow, the company said. "This stone is...unique, because nature seemed to haveprepared it for cutting, and, in advance, gave it a pear-like shape," saidEvgeny Agureev, director of Alrosa's United Selling Organizat...Read More
<IDEX Online> - After the success of its first edition and increasing demand from buyers and sellers, GJEPC is all set to hold the 2nd edition of the India Diamond Week in Mumbai from October 22-25 2018. The India Diamond Week will be held on the sidelines of the World Diamond Council's AGM and the World Diamond Congress of the World Federation of Diamond Bourses and the Internationa...Read More
<IDEX Online> - ALROSA subsidiary JSC Almazy Anabara has recovered a 28.59-carat rough diamond of deep greenish-yellow hue - the biggest yellow found so far this year. ALROSA said that following an appraisal, the color of the stone has been determined as fancy intense yellow. The diamond, discovered at Ebelyakh placer deposit in July, has dimensions of 11.40 x 19.00 x 17.50 mm...Read More
<IDEX Online> - The Gem & Jewellery Export Promotion Council (GJEPC) said it held its first India Silver Jewellery Buyer Seller Meet (BSM) from October 3-5 in New Delhi. The GJEPC reported an encouraging show, with 27 leading Indian silver jewelry manufacturers displaying a wide range of silver jewelry products to 49 international buyers from 16 countries. Exhibitors inclu...Read More
<IDEX Online> - The second edition of the Bharat Diamond Week was officially opened at the Bharat Diamond Bourse (BDB) on Monday. The October 8-10 polished diamond fair was officially opened by Mr Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai, and Mr Evgeny Agureev, Director of ALROSA's United Selling Organisation. Zhiltsov said: "Up to 90% of polish...Read More
RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More
HARARE – Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy.The shortages have worsened since 2016 and are the biggest concern for foreign investors seeking a foothold in Zimbabwe, which is trying to re...Read More
JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.It is the largest yellow rough diamond mined at ALROSA's deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond - the largest pink stone in A...Read More
RAPAPORT... The National Retail Federation (NRF) has forecast a strong rise in US holiday sales this year, amid a healthy economy and strong consumer sentiment. Retail sales in November and December will increase 4.3% to4.8% for a total of between $717.45 billion and $720.89 billion, theorganization said last week. The average increase over the past five years was3.9%, it added. "We believe...Read More
RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More
RAPAPORT... A woman has accused Kay Jewelers of stealing her diamondengagement ring in a Facebook post that went viral and led to many readers respondingwith critical reports of its customer service. Requitta Darshae East brought her engagement and weddingrings into her local Kay store in July to get the white gold serviced,according to her September 28 post. The attending employee also checked th...Read More
<IDEX Online> - Kay Jewelers, part of the huge Signet Jewelers chain in the United States, is launching an internal investigation into diamond servicing practices after an Illinois woman accused one of its jewelry stores of stealing her diamond engagement ring when she submitted it for servicing. Requitta Darshae East criticized the jewelry chain in Facebook post that went viral, cla...Read More
JOHANNESBURG (miningweekly.com) – The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight, during their visit, into a proudly South African borehole logging system that is poised to go global.“We have the best borehole logging dat...Read More
<IDEX Online> - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the gathering of the presidents of the organization's 30 bourses at the 38th World Diamond Congress in Mumbai, which kicks off in two weeks time, will be one of the most important ever held. "We have definitely seen many developments this year, and in light of the issues facing the global diamon...Read More
Aim-listed BlueRock Diamonds will, subject to funding, invest in further improvements at its mining operation, plant and necessary personnel at the Kareevlei diamond mine, in the Northern Cape, to increase the capacity and efficiency of the operation.The proposed investment is expected to “materially” increase the mine ‘s profitability.AdvertisementThe decision to invest in furth...Read More
Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year.The diamond was discovered at Ebelyakh placer deposit in July.Advertisement"The extracted stone is our new unique discovery. Fancy colours are very rare in nature. This stone is also unique, because nature seemed t...Read More
RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has entered into acollaboration that, it claimed, will significantly increase the volume ofartisanal-mined gold in the market. The organization signed a memorandum of understanding with theSwiss Better Gold Association, the Better Gold Initiative for ASM (artisanalsmall-scale miners), and the Max Havelaar Foundation (Switzerland) forFairtrade. U...Read More
RAPAPORT... Sales of jewelry and other luxury items rose in greaterChina in August amid continued positive local demand and increased tourism toHong Kong. In China, retail sales of gold, silver and jewelry grew 14% yearon year to CNY 24.3 billion ($3.54 billion) for the month, the National Bureauof Statistics of China reported recently. Meanwhile, Hong Kong recorded a jump of 22% to HKD 7.53billi...Read More
RAPAPORT... Saks Fifth Avenue illegally ordered Cartier to vacate aprime location inside its famous New York department store, according to a $40million lawsuit Cartier filed last week. The case revolves around a lease agreement that gave Cartieruse of space inside Saks's site on the corner of Fifth Avenue and 49th Street.Saks renovated the building earlier this year, and assured the tenant the wo...Read More