Polished trading seasonally quiet. Asiandemand driving activity during US vacation period. Chinese buyers shifting tolower colors amid yuan currency devaluation (-4% since June 1 to CNY 6.67/$1).Weaker yuan will also impact tourist jewelry shopping. Dossiers selling well,with good orders for 0.50 ct., D-M, VS-SI, RapSpec A2+ diamonds. Polishedsuppliers maintaining steady prices after rough-price h...Read More
Sentiment down somewhat as rupee currencydevaluation (-7% since Jan. 1 to INR 68.8/$1) affects local transactions.Buyers cautious due to higher polished prices and weaker exchange rate.Suppliers maintaining prices with slightly lower polished production. Steadyinterest in 1 ct., J-L, SI1-I2 diamonds. Rise in availability of 0.50 ct., D-H,IF-VS stones. RoundRead More
RAPAPORT... Rio Tinto will offer a 3.14-carat, vivid pink diamond at its2018 tender, the largest stone of its color in the history of the annual salesevent. The emerald-cut Argyle Alpha (pictured, third from left) is one of 63 rare pink, red and violetdiamonds -weighing a combined 51.48 carats - featuring in this year's ArgylePink Diamonds Tender. It is part of a collection of six "hero" dia...Read More
RAPAPORT... An employee at Alrosa's Udachny mine died Wednesday when explosives went off 580 meters below ground.The incident occurred while a worker was planting explosives inside the underground mine in preparation for blasting works. The victim was 47 years old, the Russian mining company told Rapaport News. Mine operators received reports of an explosion at 5:26 am local time, Alrosa said. Res...Read More
(IDEX Online) - Sarine Technologies Ltd held a celebratory event to mark the official opening of the Sarine Technology Lab in Mumbai, India. The event was attended by Sarine customers, diamond professionals and trade press members despite the seasonal floods, Sarine said. The audience enjoyed a presentation about the Sarine Lab and the changes it brings to the industry, given by Sarine Group CEO...Read More
The University of Pretoria (UP) will be hosting a short course on ‘Diamond Exploration and their Primary and Secondary Sources’, from October 23 to 26. The internationally recognised short course will be led by Tsodilo Resources nonexecutive director and geologist Dr Mike de Wit and resource consultant and geologistDr John Bristow.Advertisement The diamond exploration and evaluation co...Read More
(IDEX Online) - The Israel Diamond Exchange's (IDE) technological incubator Diamond Tech, has signed an agreement to host Israeli start-up Inova Diamonds Ltd. The company develops technological solutions for online marketing of diamonds and jewelry using augmented reality (AR). The new technology being developed will enable customers to virtually "try on" diamond rings and jewelry using computeri...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) President Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. Meeus is a diamond industry veteran who served as President of the DDE from 2009 to 2018 and was Managing Director of the Hoge Raad voor Diamant (HRD), now the Antwerp World Diamond Centre, fro...Read More
(IDEX Online) - Firestone Diamonds plc, the diamond producer with operations focused in Lesotho, has announced that Paul Bosma, the company's CEO from 1 July, has been appointed to the Board with immediate effect. Paul Bosma, aged 50, was previously the General Manager of Liqhobong Mine and currently does not hold any directorship positions. Former CEO Stuart Brown has resigned from th...Read More
The DrillSafe initiative will host its inaugural Drill Safe Drill Rig & Safety Innovation Forum at the Glen Hove Conference Centre, in Johannesburg, on July 20. The forum will explore innovations in drilling equipment and the exploration work environment, explains DrillSafe founder and Colin Rice Exploration & Training MD Colin Rice.DrillSafe was first launched in 2013 to distribute accide...Read More
An independent evaluation of a package of diamonds recovered from TSX-V-listed Tsodilo Resources’ BK16 project, in Botswana, has yielded a valuation of, on average, $197.68/ct.The package comprised two parcels totalling 224 diamonds and a total weight of 34.35 ct.AdvertisementIt was evaluated by licensed diamond dealer RD Ferraris of QTS Kristal Dinamika.The average value of the larger diamo...Read More
Rio Tinto has unveiled the largest vivid pink diamond in the history of its Argyle pink diamonds tender, during a preview in Sydney.The 3.14 ct polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender. Following viewings in Sydney the collection will be showcased in Hong Kong and New York with b...Read More
Former Dubai Diamond Exchange president Peter Meeus has been appointed chairperson of the World Federation of Diamond Bourses’ (WFDB’s) World Diamond Mark (WDM) programme.“I am delighted that Peter has agreed to take over as chairperson of the WDM, which was created by the WFDB in 2012. Peter has enormous experience in the diamond sector and is known throughout the global diamond...Read More
Moscow, 11 July 2018 - ALROSA, the world's largest diamond mining company, announces the results of a competition to choose a "football-related" name for a large rough diamond. The company has chosen two winners, from Chelyabinsk and Mirny; they will receive the tickets to the final game of the FIFA World Cup 2018?,,?. Based on their suggestions, the facts of extraction of two precious stones wil...Read More
Australia's Lucapa Diamond (ASX:LOM) has found yet another large sparkler at its prolific Lulo mine in Angola - a 114-carat diamond, the eleventh 100-plus carat diamond recovered to date and the third this year.The 114-carat diamond is the eleventh 100-plus carat recovered to date and the third this year.The company said the stone will be added to an inventory of large diamonds being held for sal...Read More
RAPAPORT... Lucapa Diamond Company has found a 114-carat stone at its Lulo mine in Angola, it said Wednesday. The diamond, which it recovered from Lulo's alluvialmining block 6, is the 11th over 100 carats the company has unearthed, and thethird in 2018. Lucapa will sell the stone at a tender later this year along withother large diamonds from its inventory, it said. The miner also operates the Mo...Read More
RAPAPORT... Two Asian organizations have formed a cross-border gem andjewelry industry group, aiming to improve international relations within thetrade. The Asian Institute of Gemological Sciences (AIGS) and theJewelry Trade Center (JTC) have partnered to create the JTC-AIGS LeadersCouncil (JALC), a forum for discussing pressing issues within the industry, thegroups said Tuesday. "JALC is an initi...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) has announced that the 2018 World Diamond Congress, the biannual meeting of the WFDB and the International Diamond Manufacturers Association (IDMA), will take place in Mumbai, India, from October 23 to 25. WFDB President Ernie Blom said: "I am delighted to be able to confirm the dates for the World Diamond Congress. I would also like...Read More
The first exploration programme undertaken by Botswana Diamonds’ geologists at the Sunland Minerals joint venture (JV), in Botswana, has revealed “encouraging quantities” of kimberlitic indicator minerals (KIMs) identified at all eight anomalies sampled.A total of 267 KIMs were discovered, including 41 garnets, 13 chromites, 139 ilmenites, four chrome diopsides and 70 olivin...Read More
(IDEX Online) - The 7th edition of the Forevermark Forum took place this week in Delhi, with the highlight being the presence of "Sophia", an advanced social humanoid robot developed by Hong Kong-based company Hanson Robotics. The Forevermark meeting provides a platform for partners to interact, transact and gain a new perspective on Forevermark's growth in the context of events within and outsid...Read More