(IDEX Online) - The Board of Directors of the Israel Diamond Institute (IDI) has appointed Adv. Aviel Elia as its new Managing Director. He replaces Eli Avidar, who joined IDI in 2007 and successfully served in this position, with a brief hiatus, until now. Elia, an attorney, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of IDI's management team, Elia...Read More
RAPAPORT... Hong Kong's polished-diamond imports jumped in the firstquarter, recent data from the municipality's trade body showed. Shipments into the center rose 10% to $5.17 billion in thefirst three months, according to data from the Diamond Federation of Hong Kong,China. By volume, imports grew 6% to 5.3 million carats, while the averageprice increased 3% to $982 per carat. Polished...Read More
(IDEX Online) - ALROSA's Supervisory Board has recommended the payment of dividends for 2017 of approximately $615 million. Around 50% of the amount is ALROSA net profit under IFRS, the mining giant said. Read More
RAPAPORT... Alrosa sold $14.8 million worth of large rough diamonds atan auction in Vladivostok, the Russian miner said last week. The sale featured 101 special-size stones -those over 10.8 carats - weighing a total of 1,751 carats. "The auction [produced]...very good results, confirming highdemand for this category of rough diamonds," said Evgeny Agureev, director of theUnited Selling Organizatio...Read More
(IDEX Online) - ALROSA may acquire Russia's major diamond polisher, Kristall, in a bid to support the country's gem-cutting industry and help create a stronger competitor to global group De Beers. The country's domestic diamond polishing industry as been facing tough times from foreign polishers after the government abolished a 6.5% export duty on rough diamonds in 2016. ALROSA said on Friday it...Read More
RAPAPORT... Revenue from the retail division of Warren Buffett'sBerkshire Hathaway increased 5% to $3.64 billion in the first quarter, thecompany reported Saturday. The improvement in the segment, which includes jewelrychains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, was primarilydriven by the company's automotive sector, as well as candy sales over theEaster holiday. Pre-tax earnings f...Read More
RAPAPORT... Alrosa sold $14.8 million worth of large rough diamonds atan auction in Vladivostok, the Russian miner said last week. The sale featured 101 special-size stones -those over 10.8 carats - weighing a total of 1,751 carats. "The auction [produced]...very good results, confirming highdemand for this category of rough diamonds," said Evgeny Agureev, director of theUnited Selling Organizatio...Read More
RAPAPORT... The Carat+ show opened on Sunday, helping to raisesentiment in the Antwerp diamond market. Exhibitors noted busy visitor traffic on the opening day,which culminated in the Carat+ Night event, featuring actress Elizabeth Hurleyas the guest of honor. More than 2,400 professionals attended on Sunday, whichwas beyond expectations for the second edition of the show, organizers said. Traff...Read More
RAPAPORT... Luxury jeweler De Grisogono will cut 28 jobs atits Swiss operation following disappointing sales. The final figure is lower than the 31 positions it hadpreviously expected to slash, the company said last week. The Geneva-headquartered firm managed to savethree jobs in its home country following a consultation period with staff. Last month, the jeweler announced plans to cut up to 41po...Read More
(IDEX Online) - ALROSA sold 101 special size rough diamonds weighing over 10.8 carats with a total weight of 1751.1 carats for $14.8 million at an international auction in Vladivostok from April 16 to April 27. "We invited to our Vladivostok auction 86 companies from the main world's diamond trading hubs, including Hong Kong, Belgium, Israel, India," said Evgeny Agureev, a member of the mine...Read More
RAPAPORT... Sales of jewelry and other luxury items rose in GreaterChina in the first quarter amid improved consumer sentiment and increasedtourism to Hong Kong, according to government sources.In China, retail sales of gold, silver and jewelry increased8% year on year to $11.74 billion (CNY 74.7 billion) during theJanuary-to-March period, the National Bureau of Statistics of China reportedrecentl...Read More
RAPAPORT...Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia's largest manufacturer of polished goods. The miner's supervisory board deemed the potential deal"expedient" after examining it on April 28, it told Rapaport News Sunday. "Alrosa...sees that such an acquisition, under certainconditions, can give synergy," a spokesperson for the rough producer said. "Inparticular, [its] c...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which previously held first place. Lucapa removed the diamond from Block 4, a new mining project,along with several other "special-size stones" - those above 10.8 carats. The A...Read More
(IDEX Online) - HRD Antwerp India has opened a new office at the Bharat Diamond Bourse (BDB), with the BDB Management Committee welcoming the Chief Guest for the opening, Peter Huyghebaert - Consul General for Belgium in Mumbai. The BDB said the opening was attended by BDB President Anoop Mehta, BDB Vice President Mehul Shah, GJEPC Chairman Pramod Derewala and Vice Chairman Colin Shah, and GJEPC...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 46-carat pink,the largest gem-quality colored diamond it has found at its Lulo mine in Angola. The stone beat out the 43-carat yellow gem the company foundin January, which previously held first place. Lucapa removed the diamond from Block 4, a new mining project,along with several other "special-size stones" - those above 10.8 carats. The A...Read More
(IDEX Online) - Lucapa Diamond Company Limited has recovered a gem-quality, 46-carat pink diamond from the Lulo diamond project in Angola. The diamond is the largest gem-quality colored recovered to date from the Lulo mining operations, eclipsing the 43-carat yellow gem recovered in January 2018 and the 39-carat pink recovered in September 2016. Significantly, the 46-carat pink, along with o...Read More
The DIVA Museum, an institution created with the idea of highlighting the story behind some of the world's most beautiful diamonds, opened today in Antwerp, the capital city of the Flemish province of the same name located in northern Belgium. Antwerp is known for being home to silversmiths, jewellers and diamond dealers since the sixteenth century, and this new 850 m ?- museum tries to showcase h...Read More
World's top diamond producer by output, Alrosa (MCX:ALRS), has got approval from its board to acquire Russian polisher Kristall, the country's largest and one of the world's biggest diamond cutting firms.Alrosa's chief executive Sergei Ivanov has been asked to submit technical specifications for estimating the target's price and so make an offer, Prime Business News Agency reported.It the deal goe...Read More
Diamond group De Beers has reported that its total production increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the group to the ramp-up in production at the Gahcho Kué project, in Canada, and greater production at the Orapa operation, in Botswana. In Canada, Gahcho Kué, which had achieved its ‘namep...Read More
ALROSA has summed up the results of the international auction for the sale of special size large diamonds (weighing over 10.8 carats) held in Vladivostok from April 16 to April 27.The United Selling Organization (USO) of ALROSA sold 101 special size rough diamonds with the total weight of 1751.1 carats. Total sales revenue amounted to USD 14.8 million."We invited to our Vladivostok auction 86 comp...Read More