(IDEX Online) - A new Asia-based gem and jewelry leadership group has been established to boost knowledge and improve ties across the global industry. The JALC (JTC-AIGS Leaders Council), established by a partnership between the Bangkok-based Jewelry Trade Center (JTC) and the Asian Institute of Gemological Sciences (AIGS), will include internationally renowned figures from the gem and jewelry com...Read More
PERTH (miningweekly.com) – ASX-listed junior Merlin Diamonds is poised to start mining at its namesake project, in the Northern Territory.The company on Wednesday said that the Northern Territory’s Department of Primary Industry and Resources had reviewed the amended mine management plan, and was satisfied that it met the requirements of the Mining Management Act.AdvertisementThis mean...Read More
PERTH (miningweekly.com) – ASX-listed Lucapa Diamond Company has recovered a 114 ct diamond at its Lulo project, in Angola.The company on Wednesday said that the stone was recovered from alluvial Mining Block 6, and is the eleventh diamond over 100 carats recovered to date, and the third so far in 2018.AdvertisementThe Lulo mine in May also delivered a 46 ct gem-quality pink diamond.Meanwhil...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
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.“This is a very important meeting where we will be discussing a range of issues facing the diamond industry worldwide. The congress serves as...Read More
SURAT (Thomson Reuters Foundation) - After polishing diamonds destined for luxury stores from New York to Hong Kong for nearly 10 hours in a cramped workshop in western India, Vikram Raujibhai went home, waited for his family to leave, and locked the front door.Raujibhai doused himself in kerosene and lit a match.His family returned to find the 29-year-old's charred body, his case the latest in a...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has revealed thewinners of its 2018 Excellence Awards scholarships and grants. The group will award a total of $65,000 -raised through its Awards for Excellence Gala, individual member donations andsponsorships - to 45 women. Twelve of those recipients are students inprograms focused on jewelry making and design. "It is important that WJA encourag...Read More
RAPAPORT... Sales rose at Italian jeweler Damiani Group during the past fiscalyear as retail growth offset a decline in its wholesale business. Total revenue increased 1.6% to $192.6 million (EUR 164.1million) in the 12 months ending March 31, the company reported. Retail salesclimbed 13% to $101.4 million (EUR 86.4 million), accounting for 53% of totalsales, while wholesale revenue dropped 9% to...Read More
RAPAPORT... Alrosa's sales climbed 7% to $390.3 million in June amid robustdemand for rough diamonds, the miner said Tuesday. "In the second quarter, there was almost nonoticeable seasonal drop traditional for this period," said deputy CEO YuryOkoemov. Rough-diamond sales increased 8% year on year to $383.7million for the month, while polished revenue dropped 38% to $6.6 million. Alrosa raised pri...Read More
RAPAPORT... Michael Hill saw a 3.3% revenue increase over the last fiscalyear, led primarily by sales in its Canadian stores, the Australia-basedjeweler reported. Revenue rose to $447.2 million (AUD 599.7 million) for the12 months ending June 30, the retailer said Monday. Overall same-store sales - atbranches open more than one year - rose 0.4% to $396 million (AUD 531.1million). Same-store sales...Read More
RAPAPORT... The US polished-diamond trade saw significant year-on-yeargrowth in April, according to the latest government data. The 20% increase inimports reflected both a higher volume and an improved average price. Shipmentsin and out of the US increased in the first four months of 2018. US Diamond Trade Data for April 2018Read More
(IDEX Online) - The International Gemological Institute (IGI) will open its 13th branch in Bengaluru which will evaluate diamond jewelry as well as providing educational services in gemology. The Bengaluru branch complements IGI's established laboratories in Thrissur, Chennai and Hyderabad. The state-of-the-art laboratory will evaluate and certify jewelry to the same international stand...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has revealed thewinners of its 2018 Excellence Awards scholarships and grants. The group will award a total of $65,000 -raised through its Awards for Excellence Gala, individual member donations andsponsorships - to 45 women. Twelve of those recipients are students inprograms focused on jewelry making and design. "It is important that WJA encourag...Read More
(IDEX Online) - ALROSA, the world's largest diamond miner by volume, sold $383.7 million of rough diamonds in June, and $2.64 billion worth in the first six months of 2018. ALROSA also sold polished diamonds with a value of $6.6 million last month, and $49.9 million for the first half of the year. "Demand for the whole diamond assortment remains stable allowing the company to...Read More
Diamond miner Alrosa sold $390-million worth of rough and polished diamonds in June, taking half-year sales to $2.6-billion.Rough diamond sales amounted to $383-million in June and polished diamond sales to $6.6-million.AdvertisementCommenting on the sales results, deputy CEO Yury Okoemov said on Tuesday that demand for the “whole diamond assortment remains stable”.“Sales in June...Read More
RAPAPORT... Sales rose at Italian jeweler Damiani Group during the past fiscalyear as retail growth offset a decline in its wholesale business. Total revenue increased 1.6% to $192.6 million (EUR 164.1million) in the 12 months ending March 31, the company reported. Retail salesclimbed 13% to $101.4 million (EUR 86.4 million), accounting for 53% of totalsales, while wholesale revenue dropped 9% to...Read More
RAPAPORT... Alrosa's sales climbed 7% to $390.3 million in June amid robustdemand for rough diamonds, the miner said Tuesday. "In the second quarter, there was almost nonoticeable seasonal drop traditional for this period," said deputy CEO YuryOkoemov. Rough-diamond sales increased 8% year on year to $383.7million for the month, while polished revenue dropped 38% to $6.6 million. Alrosa raised pri...Read More
RAPAPORT... Trans Atlantic Gem Sales (TAGS) garnered $35 million from atender of rough diamonds in Dubai in June, it said Monday.The company sold 27,161 carats of high-qualitystones sourced from mines in South Africa and Angola. The diamonds fetched anaverage price of $1,288 per carat during the event at the Almas Tower. Some 126 companies attended the sale, the seventh thecompany has held this ye...Read More
RAPAPORT... Economic growth from Namibia's diamond-mining sector willslow this year due to depletion of resources from inland deposits, its nationalbank said. While the industry's contribution to gross domestic product(GDP) will increase 11% in 2018, that rise is less than last year's 12% jump, accordingto data the Bank of Namibia released in a July report. "Growth for diamond mining is expected t...Read More
RAPAPORT... Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment's beneficiation program has sought to establish cutting andpolishing, trading, and auxiliary services in an effort to diversify itsindustry - and economy -...Read More