Moscow, 10 May 10 2018 ?^' ALROSA Group, the world leader in diamond production, announces diamond sales results for April and four months of 2018.In this April, ALROSA Group sold USD 405.3 million worth of rough and polished diamonds. Rough diamond sales by value amounted to USD 396.2 million, polished diamond sales - USD 9.1 million.ALROSA's total diamond sales in January-April 2018 amounted to...Read More
Anglo American's De Beers said Thursday it had successfully tracked its first diamonds all the way from its mines to jewellery retailers using blockchain technology, in an effort to clear up the supply chain form synthetics and conflict stones.The world's largest rough diamond producer by value, which began developing the tracking platform last year, said it was able to follow 100 high-value stone...Read More
Dealers preparing for Las Vegas shows. Polished inventory rising due toslow trading. Prices firm, but buyers pushing for generous credit terms andtaking more goods on memo. Signet Jewelers raises consignment intake +6% to$606M at end of FY2018. Chinese consumer sentiment improving as 1Q gold, silver, jewelry sales +8% to $11.7B.Rough market stable ahead of De Beers and Alrosa sights and AntwerpRou...Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that as a result of the weak response to registration for the 38th World Diamond Congress due to be held in Tel Aviv, Israel, from June 19 to 21, they have reached a decision to postpone the Congress. The Congress, the biennial gathering of the WFDB a...Read More
The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra.South Africa’s mineral endowments present a unique opportunity for a new industrialisation drive and a...Read More
(IDEX Online) - De Beers said that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond's journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter...Read More
JOHANNESBURG (miningweekly.com) – Diamond conglomerate De Beers Group has successfully tracked 100 high-value diamonds along the value chain during the pilot phase of its new industry blockchain platform.A selection of rough diamonds, mined by De Beers, were tracked through an immutable and secure digital trail that was created by the platform called Tracr as they moved from the mine to cutt...Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, will hold its 2018 annual congress in Bogot??, Colombia, from October 15-17, with pre-congress meetings beginning on October 13. The congress will be hosted by Fedesmeraldas, the National Federation of Emeralds of Colombia, which this year will be a celebrating the 20th anniversary of its founding. Immediately prior to the event, fro...Read More
RAPAPORT... De Beers has successfully traced the progress of 100 high-valuediamonds from mine to retail using its new blockchain platform. "Tracr" provides diamonds with a unique "Global Diamond ID" thatcontains information such as carat weight, color and clarity, as well asimages and provenance information, De Beers said Thursday. The system uploads further data at each stepthroughout the proces...Read More
(IDEX Online) - IDEX is publishing the 2017 Diamond Pipeline in the May edition of IDEX Magazine. Produced by Pranay Narvekar and Chaim Even-Zohar, the authoritative annual analysis looks at the latest developments in the diamond world, and provides insights about future directions. "In 2017, the diamond industry witnessed a period of relative calm and a semblance of balance," the re...Read More
RAPAPORT... Dominion Diamond Mines has delayed a key extension to itsEkati mine for a second time as it assesses the project's profitability, according to reports. The miner originally postponed the Jay expansion in June2016 because it determined that the main Ekati deposit could yield more orethan it had expected. Following that decision, Dominion said it would beginwork on Jay in 2018, rath...Read More
(IDEX Online) - Sarine Technologies Ltd said that Borsheims selected the Sarine Profile to accompany each of Warren Buffett's limited series of Signature Diamonds sold at the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska. Each stone was engraved on-site by Sarine's DiaScribe system with Buffett's signature, a personalized commemoration or message of affection of the buy...Read More
RAPAPORT... Industry leaders have canceled next month's World Diamond Congress in TelAviv, citing low registration and the likely impact ofgeopolitical tensions in the region. The World Federation of Diamond Bourses (WFDB) and theInternational Diamond Manufacturers Association (IDMA) meet at the congressevery other year to discuss industry issues. This year's event was due to takeplace i...Read More
RAPAPORT... De Beers has successfully traced the progress of 100 high-valuediamonds from mine to retail using its new blockchain platform. "Tracr" provides diamonds with a unique "Global Diamond ID" thatcontains information such as carat weight, color and clarity, as well asimages and provenance information, De Beers said Thursday. The system uploads further data at each stepthroughout the proces...Read More
Information made public by the Canadian Broadcasting Corporation states that management at Dominion Diamond Mines is worried about the profitability of its Ekati mine, located in the Lac de Gras region of the Northwest Territories, approximately 300 kilometers northeast of Yellowknife.The CBC quotes an official who said that, given such concerns, construction of a new open pit at the mine has been...Read More
Whether you're an established or junior miner interested in expanding your mining portfolio, GoIndustry DoveBid S.A proudly presents the disposal of Lerala Diamond Mine. This mine is in liquidation and is being taken to public auction via GoIndustry's trusted online auction platform. Bidding opens on Thursday, 24 May 2018 and closes for final bids on Wednesday, 30 May 2018. The mine is situated i...Read More
RAPAPORT... De Beers Diamond Jewellers has launched a new online store on e-commerce platform Farfetch dedicatedto its fine-jewelry collections, the company saidTuesday. The jeweler is featuring designs from its Enchanted Lotusand Talisman lines on the retail-and-fashion website, as well assome of its lower-price designs such as My First De Beers. Farfetch currentlyships to 100 countries and is av...Read More
RAPAPORT... Lucara Diamond Corp. recorded a loss in the first quarter aslower production and a drop in the average price led to a decline insales. Revenue fell 3% year on year to $25.4 million for the threemonths ending March 31, with the volume of goods sold down 2% to 63,317 carats,the company reported Tuesday. The average selling price slipped 1% to $401 percarat. The miner noted a n...Read More
RAPAPORT... A US court has named Parag Diamonds as thesuccessful bidder for the assets of A. Jaffe, one of Nirav Modi's jewelrybrands. Four prospective purchasers attended the auction on May 3,participating in several rounds of bidding, according to a filing with the USBankruptcy Court for the Southern District of New York last week. While Paragwon, Flourish City Holdings emerged as the "backup" b...Read More
RAPAPORT... Christie's Hong Kong spring sale will feature an 8.01-carat,fancy vivid blue, internally flawless diamond pendant necklace, estimated atbetween $18.5 million and $25 million, the auction house said. The pear-shaped stone, which hangs below a circular-cut, 1.60-carat,fancy intense pink diamond, was designed by Moussaieff. A 0.35-carat whitediamond is set between the two. Other nota...Read More