Diamond miner Alrosa will offer 202 gem-quality rough diamonds for sale at an auction to be held in Israel from August 19 to September 6.The diamonds, with a combined weight of 3 165 ct, are all larger than 10.8 ct, otherwise known as 'special' diamonds.AdvertisementAlrosa has invited about 100 companies from Israel, Belgium, India, Hong Kong and Russia to participate in the auction. ...Read More
RAPAPORT... Mountain Province's sales dropped at its July tender,as a lack of large and fancy stones led to a lower average price. The miner sold 334,751 carats of diamonds from its GahchoKu?(C) mine for $22.2 million, at an average price of $66 per carat, it saidWednesday. In June, Mountain Province garnered $30.3 million from thesale of stones from the mine, achieving a rate of $85 per carat. H...Read More
RAPAPORT... Tracr,De Beers' blockchain platform, has appointed technology executive Jim Duffy to runthe next phase of the project's development. Duffy (pictured) joins Tracr as general manager just as the platform is starting to grow inscale, the De Beers operation said Thursday. More than $100 million worth ofrough diamonds have gone onto the company's blockchain since the launch of thepilot in J...Read More
TSX-listed Mountain Province has netted $22.2-million from the sale of 334 751 ct in its sixth diamond sale of 2018, the company reported on Wednesday.The sale realised an average price of $66/ct, which is lower than the previous sale’s realised price of $85/ct, but in line with expectations. Mountain Province, which owns the Gahcho Kue mine in a joint venture with De Beers, explained t...Read More
RAPAPORT... Harrods beauty director Annalise Fard has taken on an expandedrole as head of the London department store's fine watches and jewelrydivision. Fard (pictured) will retain her responsibilities for the beauty segment and alsooversee Harrods' fashion-accessories department, the company said this week. Chiefmerchant Helen David was in charge of that area until she left the group inJune. Fa...Read More
RAPAPORT... Hearts on Fire, Chow Tai Fook's US jewelry brand, has namednew vice presidents in three different areas. All of the appointments are promotions from within thecompany, Hearts on Fire said this week. Krista Beerman, who joined the jeweler in 2005, will headthe product division. Since joining the company, she has developed and grownthe product discipline to redefine how the company creat...Read More
GABORONE, Aug 15 (Reuters) - Sales at Botswana's state-owned Okavango Diamond Company (ODC) fell 16 percent in the first half of 2018 to $260 million, its managing director said, citing a high comparison base against last year's record growth.Marcus ter Haar said the company sold 1.778 million carats in the first half of 2018 compared with 1.808 million carats in the same period last year."A favou...Read More
Africa-focused Gem Diamonds (LON:GEMD) must be getting used to recovering huge precious rocks from its flagship Let??eng mine in Lesotho, as it has just dug up another massive one.The 138-carat, top white colour Type IIa diamond is 12th diamond over 100 carats the company finds this year, beating the 11 it dug up in 2015.The largest diamond found this year is a 910-carat D colour type IIa dia...Read More
RAPAPORT... H.K. Designs has signed an agreement with Fantasy DiamondCorp. to be the exclusive manufacturer of the Endless Diamond collection.The Endless design is based on the patented Touch Set setting, in which very little metal is used, enabling the diamonds to stand out. Thistype of setting makes diamonds look two-and-a-half to three times larger thantheir actual size, and also gives them a b...Read More
RAPAPORT... Diamond dealers are failing to protect themselves against stone-swapping,and are instead waiting until an expensive loss occurs before taking action, equipmentsuppliers have warned. The switching of natural diamonds with synthetics or otherlower-value goods is a common phenomenon to which many traders are oblivious,said Dror Yehuda, president of Israel-based Yehuda Diamond Company. Tha...Read More
RAPAPORT... Gem Diamonds has recovered a 138-carat stone from its Let??engmine in Lesotho, bringing the company's total number of 100-carat-plusdiscoveries this year to a record 12. The type lla rough diamond has top-white color, the minersaid Wednesday. With this find, the company has surpassed the 11 exceptionally large diamonds it unearthed in 2015. Earlier this year, Gem Diamonds recovered th...Read More
RAPAPORT... Stornoway Diamond Corporation went into the red in thesecond quarter as delays at its Renard mine resulted in lower-quality productionthan it had anticipated. The miner recorded a net loss of $27.4 million (CAD 35.9million) for the three months ending June 30 as Renard's shift to undergroundmining has taken longer than the company expected, Stornoway said Tuesday. "Our second-quarter...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, has announced the hiring of two industry consultants to enhance two of JA's core priorities: membership and consumer marketing. Elizabeth Brewer will assist JA's dynamic membership department to enhance membership engagement with its robust retail membership base. M...Read More
RAPAPORT... Tiffany & Co. will embark on a three-year renovation projectat its famous Fifth Avenue store to make the customer experience moreinnovative and interactive. Refurbishment of the 10-story New York flagship will beginin February 2019, and will be complete by the end of 2021, the retailer saidTuesday. The branch will remain open throughout, with the jeweler temporarilyexpanding its re...Read More
(IDEX Online) - Tiffany & Co. will start a complete renovation of its New York City flagship store next spring. The 10-story building at 57th Street and 5th Avenue has been at the heart of Manhattan's most fashionable shopping district since being opened in 1940. "We are extremely excited about the opportunity to transform our iconic New York flagship store and create a dramatic...Read More
GABORONE – Sales at Botswana's State-owned Okavango Diamond Company (ODC) fell 16% in the first half of 2018 to $260-million, its managing director said, citing a high comparison base against last year's record growth.Marcus ter Haar said the company sold 1.778-million carats in the first half of 2018 compared with 1.808-million carats in the same period last year.Advertisement"...Read More
(IDEX Online) - The first of the CIBJO commissions' Special Reports has been released ahead of the 2018 CIBJO Congress in Bogot??, Colombia in October. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report considers the potential impact on the jewelry market of Generation Z, which includes people born after 1996, who are expected to account...Read More
LSE-listed Gem Diamonds has recovered a 138 ct top white colour and Type IIa diamond, at its Letšeng mine, in Lesotho.This diamond, the miner said on Wednesday, is the highest dollar per carat kimberlite diamond in the world.AdvertisementThe recovery is now the twelfth diamond of over 100 ct recovered in 2018 and set a new record for Gem Diamonds in terms of the number of diamonds of over 1...Read More
(IDEX Online) - Gem Diamonds Limited has recovered a 138-carat, top white color Type IIa diamond from the Let??eng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This recovery is the 12th diamond of over 100 carats found in 2018, and a record for the company in terms of the number of diamonds of over 100 carats recovered in a year. Read More
The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned.Stornoway’s share price dipped to a 12-month low at C$0.38 a share before crawling back to C$0.40 a share when the market closed, leaving the sto...Read More