RAPAPORT... Lucapa Diamond Company will sell six large stones weighing atotal of 449 carats from its Lulo mine in Angola after an overhaul of thenation's mining laws prompted it to delay the sale, it said. The Angolan government introduced reforms to its diamondsector in the first half of the year to help boost foreign investment. Thosemeasures included a new marketing policy for Angolan diamonds,...Read More
RAPAPORT... Macau is hoping to leverage its relations with Portuguese-speaking diamond producers to emerge as a competitive rough-trading hub. Members of the newly created Macau China Diamond & Gem Exchange (MDGE) last week signed an agreement with the Shanghai Diamond Exchange and the Industrial and Commercial Bank of China (ICBC Macau) to promote the city as a global diamond and gem trading...Read More
RAPAPORT... Alrosa sold $15.6 million worth of rough at a large-stoneauction in Israel last month. The 166 diamonds - each over 10.8 carats - weighed acombined 2,611 caratsand fetched an average price of $5,975 per carat, theminer said last week. The stones sold for more than one-and-a-half times theirasking price, Alrosa noted. Companies from Russia, Israel, Belgium, Hong Kong, theUnited Arab Emi...Read More
RAPAPORT... The Hong Kong Jewellery & Gem Fair closed a day early as the city braced for typhoon Mangkhut on Sunday. Authorities raised the warning signal to level 10 (the highest alert) Sunday morning, with Hong Kong expected to feel the maximum force of Mangkhut at around midday, according to the Hong Kong Observatory, which monitors weather patterns in the region. Therefore, the j...Read More
De Beers, the world's top diamond producer by value, has unveiled a new device to detect whether that bling ion your piece of jewellery is or not a man-made stone, in an effort to bring greatest transparency to the synthetics market.The SYNTHdetect XL, and an advanced version of a screening device De Beers launched last year, has a larger base unit that allows multiple volumes of jewellery to be...Read More
Anglo American, one of the world's largest commodities miners, has asked Angola for permission to explore for base metals, the country's ministry for mines said on Friday.Anglo, which operates diamond, copper, platinum mines around the world, submitted a letter of intent to invest in the southern African nation's mining sector, the Angolan Ministry of Mineral Resources and Oil said.Anglo American...Read More
RAPAPORT... The diamond trade expressed some frustration about erratic activity at the Hong Kong Jewellery and Gem Fair which began on Wednesday, particularly amid warnings that a category 10 typhoon might hit the island. Many Jewish dealers arrived at the show late following the Rosh Hashanah festival that ended Tuesday, while Indian Jain observers closed their booths on Thursday for the Samvatsa...Read More
TSX-listed Tsodilo Resources’ BK16 kimberlite project, in the Orapa kimberlite field, in Botswana, has produced a third parcel of diamonds, comprising 279 diamonds weighing 43.95 ct, the company said in a statement on Thursday.The diamondiferous BK16 kimberlite pipe is about 6 ha in size at surface and is known to contain rare and valuable Type IIa diamonds.Advertisement“Processing of...Read More
TSX-listed Africa-focused Tango Mining on Thursday reported production since January of 941 ct of high-value diamonds from its Oena diamond mine, in the Western Cape.It also reported on progress at further diamond exploration projects in Angola, Liberia and Botswana.AdvertisementDuring the course of the year, subsidiary ASM acquired an additional pan plant with a 120 t/h capacity to be used to pro...Read More
ASX-listed Lucapa is preparing to sell its first diamonds from the Lucapa mine through the new marketing channels that Angola is establishing as part of the government’s diamond sector reforms.Large premium-valued diamonds, including six top-colour Type IIa white diamonds, weighing a total of 449 ct, along with a 46 ct pink diamond, will be the first Lulu production to be sold through the ne...Read More
Although the global diamond market is currently worth about $87-billion, laboratory-grown diamonds only constitute 2% of that market, or $1.9-billion, says New York-based independent diamond analyst Paul Zimnisky.While the laboratory-grown diamond jewellery market is forecast to grow to about $14.9-billion by 2035, it will account for only 4% of the total jewellery market in 2035 because it repres...Read More
Anglo American's De Beers said Thursday it had completed the acquisition of Peregrine Diamonds, the company behind the Chidliak project in the Canadian territory of Nunavut, as the world's largest roughs producer by value needs to replace its closing mines in the country.The C$107 million-deal ($82m), announced in July, extends De Beer's footprint in Canada's frozen north beyond the Gahcho Ku?(C)...Read More
HongKong fair opens to steady traffic. Suppliers hoping Chinese demand will returnafter slowdown of past few months. Buyers focused on 0.30 to 1 ct., D-J, VS-SIGIA-graded diamonds, and testing price levels at start of the show. Melee weak.De Beers lets sightholders defer small and lower-value rough at $505M sight.Alrosa Aug. sale +14% to $295M amid shift to higher-value goods. Rough premiumsfall t...Read More
Dealers and manufacturers cautious due to highrough prices, reduced bank lending and weaker rupee. Many businesses closed onThursday for Ganesh Chaturthi festival. US demand improving as retailers preparefor the holiday season. Dealers focused on generating leads in the Far Eastduring Hong Kong show. Local jewelry sales stable. RoundRead More
RAPAPORT... The surge in the size of the millennial and Generation Z agegroups has created key opportunities for the diamond industry, De Beers saidThursday in its 2018 Diamond Insight Report. Those two brackets accounted for two-thirds of global diamond-jewelrydemand last year, with millennials responsible for almost 60% of US sales, thecompany said. The oldest Gen Z consumers - aged 18 to 20 - b...Read More
RAPAPORT... Tango Mining has expanded its portfolio with the acquisitionof a Liberian mine, as well as signing an agreement to finance an alluvialproject in Angola. The miner has bought an 80% share in the Mano River Projectin Liberia from West Mining. The purchase gives Tango exploration rights on a104.3-square-kilometer area of the asset. Additionally, the Canada-based miner has signed a servic...Read More
RAPAPORT... The International Institute of Diamond Grading and Research(IIDGR) will launch a series of educational courses in China through apartnership with a local grading organization, it said Tuesday. The De Beers subsidiary will collaborate with the NationalGemstone Testing Center (NGTC) to offer online and laboratory-based courses ondifferent aspects of the trade, including synthetics detect...Read More
RAPAPORT... RZ Murowa Holdings has joined the Diamond ProducersAssociation (DPA) as its first new member since the marketing body formed in2015. The company, the majority owner of Murowa Diamonds, operatesthe Murowa mine in Zimbabwe, which it purchased from Rio Tinto in 2015. The assetproduces approximately 1.2 million carats of rough per year, with Murowa expectingthis to increase to more than 5...Read More
RAPAPORT... Sotheby's will launch a new sale in October, exclusivelyhighlighting jewelry and watches from Parisian designers. The inaugural Joaillerie Paris sale will feature 19th-and 20th-century pieces from well-known French jewelry housesincluding Boucheron, Cartier, Van Cleef & Arpels and Pierre Sterl?(C).Sotheby's will also auction Art Deco jewels from the collection of dancer andfas...Read More
(IDEX Online) - ALROSA, the world's largest diamond mining company, sold 166 gem-quality lots of special size large diamonds (weighing over 10.8 carats) with a total weight of 2,611 carats in Israel for $15.6 million. Firms from Russia, Israel, Belgium, India, Hong Kong, UAE and the US participated in the auction. 45 companies were recognized as winners in different auction positions....Read More