(IDEX Online) - Greenland Ruby will be appearing at the JCK Show in Las Vegas, from June 1-4, and will each day be displaying a mini "iceberg" in which a real Greenlandic ruby has been frozen. Visitors will be encouraged to guess the carat weight of the encased ruby for a chance to win the gem. Contestants can take 'selfies' in woolly hats with the iceberg, and post "from Greenlan...Read More
RAPAPORT... Forevermark has launched a concept store in Shanghai tailored to millennial shopping habits, marking its 1,000th branch in China. The opening of the store, named Libert'aime, also celebrates the brand's 10th anniversary of entering the country. The De Beers-owned brand designedthe branch's diamond-jewelry line with a young, self-purchasing consumer inmind, it said Tuesday. The st...Read More
(IDEX Online) - ALROSA has reopened its representative office in New York and successfully held the first auction in two years for the sale of special size rough diamonds (weighing over 10.8 carats). The auction was held from April 23 to May 11. In total, 50 companies from the world's largest diamond trading centers, including seven firms from the USA and 43 from Belgium, India, Israel...Read More
(IDEX Online) - The Responsible Jewellery Council (RJC) has announced a series of senior appointments to its Board of Directors as the organization continues to strengthen its position as the jewelry industry's foremost standards setting and certification body. The appointments were announced at the RJC's Annual General Meeting in Moscow on 17 May. The three newly appointed Officers of the...Read More
RAPAPORT... The Gemological Institute of America (GIA) has partneredwith Chow Tai Fook on a pilot program that will use blockchain to deliverdigital diamond-grading reports. The GIA will create a permanent and immutable record fordiamonds from the jewelry retailer's "T Mark" brand, the organizations said in ajoint statement Wednesday. The platform will begin in a selection of Chow TaiFook's Hong K...Read More
RAPAPORT... Sarine Technologies, which supplies equipment to diamondmanufacturers, saw revenue rise in the first quarter, driven by increased salesof its Galaxy system in India. Group revenue for the period grew 2% year on year to $16.7million, the Israel-based company reported last week. Sales to India, itslargest market, rose 4% to $13.5 million, outweighing a 42% drop in sales toEurope, which a...Read More
Following the global financial crisis of 2007-2009, diamonds were one of the fastest commodities to recover, up almost 150% from the low in early-2009 through mid-2011.1 The crisis resulted in curtailed diamond production just as incremental demand for diamonds was escalating, primarily a result of the Chinese market adopting the tradition of giving diamond engagement rings in the midst of the f...Read More
Last week I had the pleasure to attend Consensus 2018 in New York, the premiere gathering for the who's who in blockchain, bitcoin and cryptocurrencies. Attendance doubled from last year to an estimated 8,500 people, all of them packed in a Hilton built for only 3,000. Ticket sales alone pulled in a whopping $17 million, while event booths-the largest of which belonged to Microsoft and IBM-generat...Read More
Africa-focused Gem Diamonds' (LON:GEMD) has recovered a 115-carat diamond from the Let??eng mine in Lesotho.The top white colour Type IIa gem was the ninth diamond of over 100 carats the company has found so far this year, exceeding the total number of precious stones over 100 carats dug up in 2017. Those recoveries include a massive 910-carat rock found in januaryu, the world's fifth biggest...Read More
Australia's Lucapa Diamond (ASX:LOM) has found a 25-carat yellow gem diamond at its 70%-owned Mothae mine in Lesotho, adding that the stone was recovered during the first two days of trial processing at the project.The yellow diamond was unearthed from the Neck zone of the Mothae kimberlite, which is not part of the current 1 million carat Joint Ore Reserves Committee-compliant (JORC) resource, th...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has named threesenior figures from the trade to positions on its board. The new officers - appointed at the RJC's annual generalmeeting in Moscow last week - include David Bouffard, vice president of corporate affairs forSignet Jewelers, who has taken on the role of chair. He has headed the RJC communications committeesince 2015. The council sele...Read More
(IDEX Online) - CIBJO's 2018 annual congress will take place in Bogot??, Colombia, October 15-17, with pre-congress meetings beginning on October 13. The congress is being hosted by Fedesmeraldas, the National Federation of Emeralds of Colombia, and CDTEC, Colombia's leading gemological institute. Immediately prior to the event, from October 12 to 14, Fedesmeraldas will al...Read More
Diamond producer De Beers reported an increase in rough diamond sales to $550-million for the fourth sales cycle of this year.This is compared with rough diamond sales of $522-million in the fourth cycle of 2017 and sales of $524-million in the third cycle this year.Advertisement“In the fourth sales cycle of the year, De Beers saw robust demand for rough diamonds, reflecting continued strong...Read More
RAPAPORT... The American Gem Society (AGS) will honor three industryleaders at its Circle of Distinction dinner, it said last week. Stephen Lussier (pictured), CEO of De Beers' Forevermark brand, will receivethe Lifetime Achievement Award. Lussier has overall responsibility for De BeersDiamond Jewellers, and is also chairman of the Diamond Producers Association. The AGS will honor David Bouffard,...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $550 million in the fourth sales cycle (Global Sightholder Sales and Auction Sales) of 2018. The miner reported confirmed sales of $524 million in the third cycle compared with a provisional figure of $555 million. Bruce Cleaver, CEO, De Beers Group, said: "In the fourth sales cycle of the year we saw robust dem...Read More
LSE-listed Gem Diamonds has recovered a 115 ct, top white colour Type IIa diamond from the Letšeng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world. This is the ninth diamond of over 100 ct recovered at the mine this year, already exceeding the total number of diamonds of over 100 ct recovered in 2017.AdvertisementTo watch Creamer Media's latest video...Read More
RAPAPORT... Gem Diamonds has recovered a 115-carat rough stone from its Let??engmine in Lesotho, it said Tuesday. The white, type IIa stone is the ninth over 100 carats the miner has foundthis year. In comparison, the company unearthed a total of eight stones of that magnitude last year, and five in 2016. In January, Gem Diamonds recovered the 910-carat LesothoLegend, which it claimed was the fift...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has recovered a 25 ct yellow gem diamond from its Mothae kimberlite mine, in Lesotho.The ASX-listed company noted that the stone was recovered from the Neck zone of the Mothae kimberlite, which was not part of the current one-million carat Joint Ore Reserves Committee-compliant resource.AdvertisementThe 25 ct diamond was recovered within the fi...Read More
RAPAPORT... UK-based auctioneer Bonhams is considering a sale of thebusiness, and has appointed investment bank NM Rothschild to advise on theprocess, The Sunday Times reported.A sale to a private-equity house is the most likely outcomefor the 225-year-old company, whose chairman, Robert Brooks, is a formerdirector of Christie's, the report said. Four years ago, Brooks hired bankersfrom Greenhill...Read More
RAPAPORT... Some 68% of Americans don't consider synthetics to be realdiamonds, with most citing the fact that they don't come from the earth, a Diamond ProducersAssociation (DPA) poll showed. Another 16% of those surveyed said theyweren't sure if a diamond created in a factory was real, while the remaining16% believed they were real. The survey - conducted online by The Harris Poll - asked2...Read More