Diamond miner De Beers’ rough diamond production increased by 3% to nine-million carats in the second quarter of this year, reflecting production increases to meet stronger demand, as well as the contribution from the ramp-up at the joint venture Gahcho Kué mine, in Canada.De Beers’ Debswana subsidiary, in Botswana, increased its output by 6% year-on-year to 6.3-million carats,...Read More
An interdisciplinary team of researchers have found a gigantic treasure trove of diamonds buried below Earth's surface, way more than ever thought possible, but getting to them would take technology far beyond what we currently have at our disposal.According to the Massachusetts Institute of Technology's (MIT) team, there is a quadrillion tonne of the precious stones encased in the very deepest ro...Read More
RAPAPORT... Belgiumsaw an increase in polished imports and exports in June, continuing a modestupward trend for the sector this year. The rough trade slowed in June, butfigures are up overall for the year to date. Belgium Diamond Trade Data for June 2018 Read More
RAPAPORT... A higher average price resulted in anincrease in India's polished-diamond exports in June. Outbound polishedshipments have grown this year, with a 9% rise in the second quarter and a 10%jump for the first six months. India Diamond Trade Data for June 2018Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) has approved up to$500,000 in grants to help students and young entrepreneurs in countries wherediamond mining takes place. The money will go to the organization's existingbeneficiaries, including the Botswana Top Achievers program, the Graca MachelMandela Foundation and India's Veerayatan, the New York-based DEF said Monday.It will also help graduate...Read More
RAPAPORT... The Plumb Club, an alliance of suppliers to the jewelry,diamond and watch industries, has elected Michael Lerche of Goldstar Jewelleryas its president. Lerche (pictured) will succeed Jonathan Cohen of IB Goodman Company,who has stood down after serving the maximum term of three years. A.J. Tosyaliof Benchmark will take on Lerche's previous role as vice president. The New Jersey-based...Read More
(IDEX Online) - The Asian Institute of Gemological Sciences (AIGS), the Bangkok-based gemological laboratory, has identified fake gemstone reports bearing the AIGS logo in the gemstone market. "We have found out that some people made fake reports with a working QR code," said AIGS Chairman Kennedy Ho. "The only way to be sure that a report is genuine is to check the AIGS website www.aigsthailand.c...Read More
(IDEX Online) - CIBJO President Gaetano Cavalieri is participating in the annual High-Level Segment of the Economic and Social Council (ECOSOC) currently underway in New York. Just prior to the meeting, the council's Secretary General approved and distributed a statement on the jewelry industry's contribution to the UN development program that had been submitted by the World Jewellery Co...Read More
(IDEX Online) - A. Jaffe, the Nirav Modi-owned company in the United States which filed for bankruptcy earlier this year, has been acquired by Paramount Jewels LLC. The firm, which is an affiliate of Paramount Gems and Parag Diamonds Inc., will pay $5.2 million. The sum includes all of A. Jaffe's main assets, including name, IP, design patents, accounts receivable and inventory. A. Jaffe employe...Read More
RAPAPORT... A higher average price resulted in anincrease in India's polished-diamond exports in June. Outbound polishedshipments have grown this year, with a 9% rise in the second quarter and a 10%jump for the first six months. India Diamond Trade Data for June 2018Read More
RAPAPORT... Diamond production at Rio Tinto rose 7% year on year to 4.6million carats in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine. The miner's Australian asset yielded 3.5 million carats inthe three months ending June 30, an increase of 8% over the same period lastyear. The growth was due to a rise in the amount of ore processed, the companysaid Tuesday. Rio...Read More
RAPAPORT... The JA New York Show will partner with the NY NOW home-and-lifestyleexhibition next year for an extended four-day event, it said. The shows' organizers will co-host the two events fromAugust 11 to 14, 2019, at the Jacob K. Javits Convention Center in New York.While the shows will remain distinct entities, attendees can use one pass toenter both fairs. "Partnering with the JA New York...Read More
RAPAPORT... Paramount Jewels has bought New York-based jewelry supplier A. Jaffefor $5.2 million, according to court documents.A. Jaffe is part of Nirav Modi's business empire along withhis other US jewelry companies, Firestar Diamond and Fantasy. Paramount willacquire its inventory, intellectual property, customer information, futureincome from customers' unpaid bills and other assets related to...Read More
RAPAPORT... Martin Rapaport has called on manufacturersin Surat to develop relationships with small US jewelers in an attempt toexpand their sales and marketing. The Indian diamond city, a hub for cuttingand polishing, remains highly traditional, and must advance its trade if it wishesto survive, the Chairman of the Rapaport Group (pictured) said in a speech at last week's Surat Diamond Expo....Read More
(IDEX Online) - The London Diamond Bourse (LDB) has announced that Chief Operating Officer Victoria McKay will be stepping down after six years. "Victoria has played a critical role in positioning the LDB as a progressive bourse worldwide and has transformed us from an inwardly focused private members club into a respected professional trade association with a global profile," commnted bourse pre...Read More
RAPAPORT... Diamond production at Rio Tinto rose 7% year on year in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine.Production came to 4.6 million carats for the three months ending June 30, the company said Tuesday. The Argyle asset in Australia yielded 3.5 million carats, an increase of 8% over the same period lastyear. That growth was due to a rise in the am...Read More
(IDEX Online) - The Diamond Empowerment Fund (D.E.F) has approved up to $500,000 in grants to help students and young entrepreneurs from diamond mining countries or where the diamond industry does significant global business. It comes as a direct result of sponsors of last month's highly successful Diamond Do Good Awards fundraising dinner in Las Vegas. The goal of these grants is to help build s...Read More
RAPAPORT... The JA New York Show will partner with the NY NOW home-and-lifestyleexhibition next year for an extended four-day event, it said. The shows' organizers will co-host the two events fromAugust 11 to 14, 2019, at the Jacob K. Javits Convention Center in New York.While the shows will remain distinct entities, attendees can use one pass toenter both fairs. "Partnering with the JA New York...Read More
RAPAPORT... Diamond production at Rio Tinto rose 7% year on year in the second quarter of 2018, driven by an increase in outputfrom its Argyle mine.Production came to 4.6 million carats for the three months ending June 30, the company said Tuesday. The Argyle asset in Australia yielded 3.5 million carats, an increase of 8% over the same period lastyear. That growth was due to a rise in the am...Read More
RAPAPORT... Paramount Jewels has bought New York-based jewelry supplier A. Jaffefor $5.2 million, according to court documents.A. Jaffe is part of Nirav Modi's business empire along withhis other US jewelry companies, Firestar Diamond and Fantasy. Paramount willacquire its inventory, intellectual property, customer information, futureincome from customers' unpaid bills and other assets related to...Read More