JOHANNESBURG (miningweekly.com) – South Africa’s meticulous set of mineral reporting codes has succeeded in attracting a high-ranking Chinese delegation from the Mineral Resources and Reserves Evaluation Centre of the Ministry of Land and Natural Resources (MRREC) in Beijing.South Africa’s Samcodes Standards Committee (SSC) will host the 18-strong Chinese group from October 15 to...Read More
(IDEX Online) - The Dubai Multi Commodities Centre (DMCC), the world's flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the official opening of TRIGEM's manufacturing workshop in DMCC's purpose-built Jewellery & Gemplex facility in Jumeirah Lakes Towers. TRIGEM DMCC has launched its purpose-built colored gemstone, diamond and jewelr...Read More
(IDEX Online) - Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world. Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and color from the Diavik diamond mine in the remote Northwe...Read More
(IDEX Online) - The Responsible Jewellery Council (RJC) announced it is reviewing its Code of Practices (COP) standard. "The RJC strives to represent the very highest ethical standards in the industry, building confidence in the work done by our members. As part of this process, and in line with RJC policy and the ISEAL Alliance Codes of Good Practice, in late 2017 we began the process of...Read More
PERTH (miningweekly.com) – Diversified miner Rio Tinto and its joint venture partner Dominion Diamond Mines have revealed three of the finest large rough diamonds from the Diavik mine, in Canada, that will be up for tender, closing on October 25.Collectively known as the Diavik Stars of the Arctic, the three rough diamonds will headline Rio’s forthcoming "Specials" Tender, wh...Read More
Russia's Alrosa has sold 136 gem-quality diamonds, with a total weight of 2 234 ct, for $10.7-million at an auction in Hong Kong.The sale included 25 fancy yellow diamonds, weighing 440 ct.AdvertisementAlrosa said on Tuesday that 54 companies from Hong Kong, mainland China, Belgium, Israel and India took part in the auction."This year's last diamond auction in Hong Kong was held...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
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
1 October 2018 - Rio Tinto and Dominion Diamond Mines have revealed three of the finest large rough diamonds from their Canadian diamond mine that will be tendered to diamond specialists from around the world.Collectively known as The Diavik Stars of the Arctic, the three rough diamonds showcase a rare combination of size, quality and colour from the Diavik diamond mine in the remote Northwest Ter...Read More
(IDEX Online News) - There were noticeably fewer changes in round diamonds in September, with the Jewish holidays last month having an effect. There were increases in 2.00-2.99 carat stones in K-M, IF-VVS2 of 2-3%, and in diamonds of 3.00-3.99 carats, E-G, IF, of 3%. There were notable decreases in diamonds of 0.50-0.69 carats in I-K, IF, of 2-3%, and in several categories of 0.90-0.99 cara...Read More
25 September 2018 - Carats.io has announced that its diamond-backed CARAT coin is now being traded on the Hotbit.io digital asset exchange platform (https://www.hotbit.io/exchange?symbol=CARAT_BTC), with promising volumes of trade that are increasing from day to day.Carats.io said that it selected to launch its currency on the Hotbit platform because of the crypto-exchange's strong presence in the...Read More
A fancy pink diamond weighing 5.03 carats sold this week for more than $2.9 million, setting a new auction world record of $583,551 per carat for a diamond of its kind. The rock was auctioned at a sale organized by Bonhams London Fine Jeweller, which beat Sotheby's Geneva previous record of $528,021 per carat for a fancy pink.According to Emily Barber, Director of Jewellery at Bonhams UK, the ston...Read More
(IDEX Online) - The Indian government has raised the import duty on cut and polished diamonds and processed colored gemstones to 7.5 percent from 5 percent. The same tax hike applies to semi-processed, half cut or broken diamonds and lab-grown stones. The government said the move was aimed at attempting to reduce India's current account deficit. Gem and Jewellery Export...Read More
Contractor Basil Read’s mining division has added four new excavators from construction equipment manufacturer Hyundai to its fleet of mobile mining equipment. The excavators – a Hyundai R520LC-9S hydraulic crawler excavator, a Hyundai R850LC-9S tracked excavator, and two22 T Hyundai R220LC-9S tracked excavators – were supplied by construction equipment supplier HPE Africa.Advert...Read More
Aim-listed Firestone Diamonds has narrowed its loss a share to about $0.03 for the financial year ended June 30, compared with the loss a share of $0.37 in the prior comparable period.In the first full year of production at its Liqhobong mine, in Lesotho, the company’s loss decreased by 91% to $14.2-million, while its revenue increased by 125% to $62-million.AdvertisementFirestone recovered...Read More
ALROSA, the world leader in the diamond mining industry, has successfully completed its own specialized "True Colours" auction with a total sale of $9 million worth of coloured diamonds.210 unique diamonds were sold in the first round. The bidding was very active, and most of the lots were sold for well above their starting price. The "hero stones" - stars of the collection with a particularly rar...Read More
Diamond market quiet over Jewish holidays and Hong Kong Moonfestival. Mixed expectations for Oct. 1 Golden Week, as consumer sentimentreflects impact of US-China trade war and yuan currency depreciation (-9.5%since April 1 to $1/CNY 6.88). India remains slow, particularly for low-value,small diamonds. Steady demand for 0.30 to 1 ct., D-J, SI, RapSpec A3+ goods. DeBeers starts sales of lab-grown co...Read More
Local dealers returnedfrom Hong Kong show in cautious mood due to currency and liquidityuncertainties. Very few foreign buyers in Mumbai due to Jewish and Chineseholidays. Manufacturing stable, as polished inventory levels rise ahead ofDiwali break (Nov. 7). Jewelry sales improving, with retailers preparing forthe Diwali holiday period. RoundRead More
Stanbic Bank Botswana, which is a member of Standard Bank Group, has, along with the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution, and Botswana Finance, a subsidiary of Lazare Kaplan International, signed a $125-million loan guaranty, which will encourage and support lending to diamond manufacturers and polishing companies, while allowin...Read More
(IDEX Online) - Responsible Jewellery Council (RJC) Executive Director Andrew Bone will be stepping down as of 27 March, the RJC announced. Bone has been Executive Director since the spring of 2015. Under his leadership, the RJC's membership has doubled and the organization laid the foundations for sustainable growth in the future, according to a statement. "It has been a pleasu...Read More