Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoiseurs and those in search of the incomparable, including the Argyle Muse?,,?, the largest purplish red diamond ever offered at Tender.Rio Tinto's Argyle mine is the world's only consistent source of rare pink, red and violet diamonds and the 2018 Argyle Pink Diamonds Tender is named 'Magnificent Argyle' in...Read More
JOHANNESBURG, Oct 3 (Reuters) - South Africa's mines minister said on Wednesday the government was considering a sovereign wealth fund but is looking for a way to fund it without harming the mining industry."Normally it is funded from the primary extractive sector but we must find a way of doing it without hurting the sector," Minerals Resources Minister Gwede Mantashe told journalists on the side...Read More
Moscow, 3 October 2018 - ALROSA Group proceeds with the non-core assets disposal program.Major assets belonging to JSC Almazy Anabara (ALROSA's affiliated company), 9.2% of shares of Almazergienbank, and a workshop of Voskhod Mechanical Plant were sold in July-September. In both cases, the assets were sold at a market price determined by an independent appraiser.The shares of Almazergienbank were...Read More
RAPAPORT... Sotheby's has unveiled further French royal jewels that it willoffer at its Geneva auction in November, including a diamond tiara with a priceestimate of $350,000 to $550,000. The headpiece belonged to the house of King Charles X, the finalking of France and last of the Bourbon rulers. It will go under the hammeralongside a collection of pieces once belonging to Marie Antoinette that t...Read More
RAPAPORT... Gemological Science International (GSI) has opened a laboratoryin Hong Kong, providing services including diamond grading and screening for undisclosedsynthetics. "Hong Kong is a major hub for the international diamond andjewelry industry," said GSI president and co-founder Debbie Azar. "With theopening of GSI Hong Kong, GSI has its laboratories in every major diamond andjewelry center...Read More
RAPAPORT... Alrosa sold $10.7 million worth of rough at a large-stoneauction in Hong Kong, the Russian miner said Tuesday. The 136 diamonds - each over 10.8 carats - weighed acombined 2,234 carats, including 25 fancy-yellow stones, and fetched an averageprice of $4,790 per carat. The auction took place during the September HongKong Jewellery & Gem Fair. Companies from Hong Kong, mainland Chin...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) is proposing to alignits due-diligence requirements with those of the Organisation for EconomicCooperation and Development (OECD). "This move will deliver tangible benefits to members, whowill be able to point customers to a standard fully aligned with the OECDrecommendations," the council said last week. The OECD guidelines are in line with the...Read More
(IDEX Online) - Hundreds of buyers have registered for the seventh Israel Diamond Week in New York, to be held October 15-17 which is jointly organized by the Israel Diamond Exchange (IDE) and the Diamond Dealers Club of New York (DDC). The annual event will again be held on the DDC's new trading floor in the International Gem Tower in Manhattan. The IDE said that 30 bourse me...Read More
(IDEX Online) - Rio Tinto has revealed its 2018 Argyle Pink Diamonds Tender in New York to collectors, connoisseurs and those in search of the incomparable, including the Argyle Muse?,,?, the largest purplish red diamond ever offered at its annual tender. Rio Tinto said its Argyle mine is the world's only consistent source of rare pink, red and violet diamonds and the 2018 tender is named '...Read More
Quebec diamond miner Stornoway has announced a series of financing transactions, totalling $129-million, with lenders and key stakeholders to provide greater financial and operational flexibility.The financing package is made up of a deferral of certain loan principal repayments for a 24-month period, representing debt service cost deferral of up to C$54-million; amendments to the Renard diamond s...Read More
(Bloomberg) - South African Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector.The Background:The set of rules, aimed at distributing the industry's mineral wealth more equally among citizens after the injustices of apartheid, was first issued in 2004 and updated in 2010.Previous Minister Mosebenzi Zwane...Read More
The diamond trade must confront its tarnished image and revamp its certification scheme or risk seeing increasingly demanding consumers spurn natural stones in favour of cheaper synthetic diamonds, a senior U.S. official said.Bloody African civil wars in the 1990s prompted diamond companies, governments and rights groups to come together to set up the Kimberley Process to prevent the sale of so-ca...Read More
RAPAPORT... India's polished-diamond exports jumped 20% by value in August amid a 26% increase in the average price, according to data the nation's Gem & Jewellery Export Promotion Council released recently. Rough imports fell 8% during the same period.India Diamond Trade Data for August 2018 Millions unless stated otherwiseRead More
RAPAPORT... Garrard has expanded its Chinese presence with a new boutique in Beijing, theLondon-based luxury jeweler said last week. The 100-square-meter boutique - located in the Emperor GroupCentre -will comprise three VIP rooms, and will focus on high jewelry and bespokecommissions, the jeweler said. To celebrate the launch, Garrard - the former British crownjeweler - will showcase pieces with...Read More
RAPAPORT... US polished-diamond imports continued to rise in July, reflectinga higher average price, according to recent government data. Inbound shipments increased5% to $2.03 billion, the highest figure for July since 2015, even as volumesslipped. Polished imports were up 5% in the first half of 2018, and were 5%higher for the January-to-July period.US Diamond Trade Data for July 2018 Million...Read More
RAPAPORT... A yellow diamond sold for double its asking price at Alrosa'scolored-diamond auction in Hong Kong, the miner reported. The oval-cut, 15.11-carat, fancy-vivid-orangey-yellow polisheddiamond was the top seller at the miner's True Colours auction at the September Hong KongJewellery & Gem Fair, which fetched a total of $9 million. "The collection of large colored stones - all cut by ou...Read More
RAPAPORT... Bonhams has sold a pink diamond for $583,551 per carat, aworld-record price for its color category, the company reported. The 5.03-carat, fancy-pink VS1 garnered $2.9 million at theauction house's Fine Jewellery sale in London last week. The previous recordfor a fancy-pink diamond was $528,021 per carat for a stone sold at Sotheby'sin 2016. "Large pink diamonds are continuing to incre...Read More
(IDEX Online News) - The IDEX polished diamond price index was stable in September, declining only very slightly during the month. &nbs...Read More
RAPAPORT... India's Gem & Jewellery Export Promotion Council (GJEPC)has warned that the government's decision to increase import duty on diamondscould negatively affect the domestic industry. The country recently hiked the rates on cut-and-polished, semi-processed and lab-grown diamonds to 7.5% from 5%, effective immediately, the GJEPC reported last week. The government also made the same adju...Read More
(IDEX Online) - Carats.io, the fintech startup company that is issuing the world's first-ever digital token backed by diamonds, has announced that it has signed an agreement with Tradomatics, a provider of fully autonomous trading technology. Tradomatics will supply liquidity solutions on digital exchanges where CARAT tokens are traded. According to the agreement, Tradomatics will faci...Read More