(IDEX Online) - The Jewelers of America Political Action Committee (JAPAC) led a delegation of jewelers to Washington, D.C., on June 20 for the eighth consecutive year. The group met with lawmakers less than 24 hours before the U.S. Supreme Court announced a key decision on sales tax fairness, overturning the Quill decision that established the current system under which states are prohibited fro...Read More
LSE-listed Gem Diamonds deputy CEO Johnny Velloza intends to leave the company as an executive on September 15.A search for his successor is under way, but in the interim, Gavin Beevers will join the company as technical adviser from July 1, during the handover period and beyond.Advertisement“We are sorry to see Johnny leave our company as an executive but look forward to his ongoing contrib...Read More
RAPAPORT... Alrosa's shareholders elected a new supervisory board at thecompany's annual general meeting Tuesday. The role of the 15-person supervisory board is to exercisegeneral control over the miner's operations. Its members include CEO SergeyIvanov, as well as politicians such as Anton Siluanov, Russia's ministerof finance. The Russian state and regional governments own about 66% of Alrosa. B...Read More
RAPAPORT... Rapaport Academy has created two online courses to helpretailers improve their marketing and sales. The e-learning platform launched the new programs inresponse to retailers' requests for extra resources to help their online andin-store activities, it said Wednesday. Digital Marketing Essentials forJewelers teaches retail-store owners how to use online marketing to boost theirbusiness...Read More
RAPAPORT... Pallinghurst Resources has changed its name to GemfieldsGroup as it turns its primary focus to colored gemstones. The group's shareholders overwhelmingly voted in favor ofthe change at its annual general meeting Tuesday. It will use the new name onthe Johannesburg Stock Exchange beginning July 11. The company, which also extracts platinum-group metals and manganese, pursued the name ch...Read More
RAPAPORT... The Kimberley Process (KP) has agreed to shorten the amountof time it takes to clear diamond exports from the Central African Republic(CAR) to one week.The KP monitoring team that polices CAR's exports made thedecision following the KP intersessional meeting in Antwerp last week, thenation's ambassador to Belgium said Tuesday. Approval of shipments previouslytook two weeks.The global s...Read More
RAPAPORT... De Beers recorded its largest monthly sales since January asshortages and strong sentiment supported the rough-diamond market in June.The miner sold $575 million worth of rough at last week's sightand other sales events during June, including auctions, it reported Tuesday. Itmostly maintained prices, with some small increases in larger categories where demandis especially strong, sight...Read More
RAPAPORT... In the heyday of "A Diamond Is Forever," consumers responded strongly to slogans and instructive advertising. As social media has influenced a more interactive dialogue between businesses and their customers, that is no longer the case. Today, consumers respond to innovation.In an age of unprecedented creativity and development, the jewelry industry has been lagging behind. While...Read More
An updated mineral resource estimate on TSX-listed Lucara Diamond’s Karowe mine, in Botswana, supports the continued recovery of large, high-value diamonds from the South Lobe throughout the remaining life of the openpit and the likelihood for underground mining until at least 2036, CEO Eira Thomas said on Tuesday.The mineral resource estimate, which was completed by Mineral Services Canada,...Read More
JOHANNESBURG (miningweekly.com) – Petra Diamonds’ Cullinan mine hopes to achieve further improvements in safety, mining efficiencies and productivity, following the implementation of BME’s AXXIS centralised blasting system across its underground operation.The system was officially launched on Wednesday.AdvertisementThe AXXIS system, installed at the Cullinan mine in December last...Read More
RAPAPORT... Rapaport Academy has created two online courses to helpretailers improve their digital marketing and sales. The e-learning platform launched the new programs inresponse to retailers' requests for extra resources to help their online andin-store activities, it said Wednesday. Digital Marketing Essentials forJewelers teaches retail-store owners how to use online marketing to boost theirb...Read More
RAPAPORT... Pallinghurst Resources has changed its name to GemfieldsGroup as it turns its primary focus to colored gemstones. The group's shareholders overwhelmingly voted in favor ofthe change at its annual general meeting Tuesday. It will use the new name onthe Johannesburg Stock Exchange beginning July 11. The company, which also extracts platinum-group metals and manganese, pursued the name ch...Read More
(IDEX Online) - Lucara Diamond Corp. reports that the remaining Indicated Mineral Resource for Karowe's AK06 kimberlite includes 7.9 million carats hosted in 57.85 million tonnes (in situ and stockpile) at an average grade of 13.7 carats per hundred tonne (cpht) with an average modelled diamond value of US$ 673 per carat. These new results will be used for mine planning and to support the pre...Read More
Anglo American's De Beers, the world's largest rough diamond producer by value, said Tuesday it had sold $575-million worth of gemstones in the fifth sales cycle of this year.The figure represents a 6% increase from the $541m obtained in the same period last year and 3.7% higher than the $554m it sold last month."Sentiment in the diamond industry's mid-stream is positive following the JCK Las Veg...Read More
RAPAPORT... The Israel Diamond Exchange (IDE) has terminated itspartnership with Carats.io because the cryptocurrency company did not haveregulatory approval, both organizations told Rapaport News. The IDE has required Carats.io to cease all public displaysof association with the bourse and its Diamond Tech Innovation Center, exchangepresident Yoram Dvash said in a note to IDE members last week. T...Read More
RAPAPORT... Alrosa sold $10.5 million worth of rough diamonds at anexceptional-stone tender in Dubai, the miner said last week. The 111 stones - each over 10.8 carats - weighed a combined1,725 carats, and fetched an average price of $6,087 per carat. "The auction...concluded with excellent results for us," said EvgenyAgureev, director of the United Selling Organization Alrosa. The final averagepri...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $575 million in the fifth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $554 million in the fourth cycle. Bruce Cleaver, CEO, De Beers Group, said: "Sentiment in the diamond industry's midstream is positive following the JCK Las Vegas trade show at the start...Read More
De Beers sold $575-million worth of rough diamonds in the fifth sales cycle of this year.This is higher than the $554-million worth of rough diamonds sold in the fourth sales cycle of this year, as well as the $541-million worth of rough diamonds sold in the fifth sales cycle of last year.Advertisement“Sentiment in the diamond industry’s midstream is positive following the JCK Las Vega...Read More
MOSCOW – Russian State-controlled diamond miner Alrosa will base its dividend payments on free cash flow rather than net profit starting from 2018, the Finance Ministry said on Tuesday.The company's dividend payouts will not be lower than 50% of net profit, the ministry added.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
RAPAPORT... Alrosa sold $10.5 million worth of rough diamonds at anexceptional-stone tender in Dubai, the miner said last week. The 111 stones - each over 10.8 carats - weighed a combined1,725 carats, and fetched an average price of $6,087 per carat. "The auction...concluded with excellent results for us," said EvgenyAgureev, director of the United Selling Organization Alrosa. The final averagepri...Read More