Mining industry body the South African Diamond Producers Organisation (Sadpo) hosted its second yearly Diggers Conference at the All Seasons Resort, in Christiana, North West province, last month. The organisation chose Christiana because it is centrally located between the two provinces where the majority of its members are based. About 130 people, including speakers and sponsors, attended the Ma...Read More
(IDEX Online) - CIBJO President Gaetano Cavalieri visited Bahrain, as the guest of DANAT, the Bahrain Institute for Pearls & Gemstones, during which he met with the leadership of the country's fast-developing gemstone and jewelry centre, and discussed the possibility of its hosting the CIBJO Congress in 2019. Located on an archipelago on the northern flank of the Arabian Peninsula,...Read More
JOHANNESBURG (miningweekly.com) – TSX-listed Tsodilo Resources has recovered 101 diamonds, representing 18.57 ct, from samples by an independent and experienced diamond classifier at its BK16 kimberlite project, in the Orapa Kimberlite Field (OKF), in Botswana.The diamondiferous BK16 kimberlite pipe is approximately 6 ha in size at surface and is known to contain rare and valuable Type IIa d...Read More
(IDEX Online) - ALROSA will auction special size rough diamonds over 10.8 carats in Vladivostok from April 16 to 27, 2018. In total, the company will auction 110 gem quality lots in the sale which is being organized by the United Selling Organization of ALROSA and the ALROSA office in Vladivostok. The total weight of the diamonds to be auctioned is 1,946 carats, with the largest gem...Read More
JOHANNESBURG (miningweekly.com) – The De Beers Group has launched its Forevermark diamond brand in Indonesia.For the market launch, Forevermark will partner with Indonesia’s premier jewellery company, Central Mega Kencana (CMK). AdvertisementForevermark will initially be sold in 12 stores in the CMK network in the Jakarta region, with plans to expand further in the near future.The...Read More
RAPAPORT... Christie's Geneva spring sale will feature a20.49-carat, fancy vivid-yellow diamond ring, estimated at between $3.9 millionand $4.7 million (CHF 3.8 million to CHF 4.5 million), the auction house said Wednesday. Other notable lots are an 8.52-carat fancy intensepurplish-pink diamond solitaire ring, estimated at $3.6 million to $5.2 million(CHF 3.5 million to CHF 5 million), and a...Read More
RAPAPORT... Stornoway Diamond Corporation saw rough prices rise in thefirst quarter, driven by a resurgent market and the sale of its most expensive stoneto date. The miner achieved an average price of $112 per carat forthe three months ending March 31, selling 399,135 carats for a total of $44.8million (CAD 56.4 million). A 37-carat, type IIa, D-color, internally flawlessrough stone garnered $1.3...Read More
JOHANNESBURG (miningweekly.com) – TSX-listed Lucara Diamonds has recovered a 472 ct, top light brown gem diamond in Botswana.It is the third largest diamond recovered from the company’s 100%-owned Karowe diamond mine.AdvertisementIn 2015, the Canadian firm discovered the 1 109 ct Lesedi La Rona and the 812.77 ct dimoand named The Constellation. The Lesedi La Rona sold for $53-mill...Read More
RAPAPORT... Canada-based jewelry retailer Birks Group hasappointed Aur?(C)lie P?(C)pion vice president of omni-channel sales and operations. P?(C)pion (pictured) has more than13 years of management experience with luxury brands. She was most recently themanaging director, Canada, for Swarovski, responsible for retail and wholesaleoperations, marketing and merchandising. She has also work...Read More
JOHANNESBURG (miningweekly.com) – ASX-listed Newfield Resources (NWF), which plans to acquire the entire issued and to-be-issued share capital of Africa-focused Stellar Diamonds for £7.74-million, will raise A$3-million through the issue of 15-million new shares.The shares will be sold at A$0.20 a share.AdvertisementNWF also announced the closing of the proposed rights issue – ra...Read More
RAPAPORT... The global diamond and jewelry industry may have feltnervous about the US proposal earlier this month to place $50 billion-worth of tariffs on Chinese goods. The response from the People's Republic lastweek - threatening its own duty hike on imports from the US - raised the stakeshigher still.However, diamond traders need not worry yet, senior figuresin the sector have predicted....Read More
JOHANNESBURG (miningweekly.com) – Natural resources management company Impact and technology company Consensas have partnered to create solutions to enable companies to confidently source minerals from conflict-prone and high-risk areas, while compensating women and men in local artisanal mining communities for supply chain transparency.Working together, Impact and Consensas will solve chall...Read More
JOHANNESBURG – Anglo American’s biggest shareholder, billionaire Anil Agarwal, has offered to help the mining giant expand into India.“That’s a big market for them,” Agarwal said in an interview in Lusaka. “I am going to help them if they need to open up that market for them to work there.”AdvertisementThe mining tycoon wasn’t explicit about whether...Read More
A new report issued by Rapaport reveals that diamond prices stabilized in March."The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones went up 0.4%, while RAPI for 0.50-carat grew 1.1%. RAPI for 3-carat diamonds declined 0.4% during the month. RAPI for 1-carat stones rose 2.8% during the first quarter," the document reads.The RAPI is the average as...Read More
The world's biggest mining companies must improve their human rights record and step up efforts to curb environmental damage, the Responsible Mining Foundation said in its first review of global mining practices.The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper a...Read More
RAPAPORT... Swiss-based luxury jeweler De Grisogonoplans to cut up to 41 positions after a challenging high-end market resulted inpoor sales."Despite considerable investments and allthe efforts of employees, [salesof high jewelry] have not reached anticipated levels,due in part to challenging conditions in some key markets," the company said ina statement Monday. "As a consequence, the company's i...Read More
(IDEX Online) - AGS Laboratories said it is offering laser inscription removal and recutting services via Advanced Diamonds, a Las Vegas diamond cutting service. "AGS Laboratories saw a need to establish a professional relationship with a well-respected diamond cutter with a local presence," said Jason Quick, Laboratory Director of AGS Laboratories. "This service will further support our c...Read More
RAPAPORT... De Beers has launchedthree new retail locations in Russia and Saudi Arabia for its De Beers DiamondJewellers chain. The company has openedone chain in Riyadh, its first Saudi Arabia location, at the Centria Mall, inpartnership with Saudi Jawahir Trading Company. The jeweler has alsoinaugurated two new stores on Petrovka Street and in the Vremena Goda mall inMoscow, for which...Read More
RAPAPORT... Alrosa's sales leaped20% year on year in the first quarter, as demand for medium-sized and largerough diamonds strengthened. Total sales for thethree months ending March 31 rose to $1.61 billion, of which $1.58 billion wasfrom rough sales and $23.7 million from polished. "In January to March, world markets saw higher demand formedium-and large-size rough diamonds compared to the same...Read More
RAPAPORT PRESS RELEASE, April 11, 2018, New York: Diamond prices stabilized in March, but sentiment softened after a positive start to the year. Dealers were disappointed with the Hong Kong diamond show, while a major bank fraud involving two Indian jewelry companies impacted confidence as well. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones...Read More