RAPAPORT... Lucapa Diamond Company has raised $12.7 million (AUD 16.5million) to proceed with an aggressive drilling and exploration program at itsBrooking project in Western Australia. The funding - which came from a major new investor, as well as current shareholders - will go toward carrying outmore exploration at the lamproiteresource, the company said Monday. The asset has already produced 11...Read More
Those worried that the positive momentum in the mining and metals sector is beginning to wane after two years of strong gains may find encouragement from a new survey by private capital tracker Preqin.Fundraising by unlisted funds for investment in mining and metals was a non-starter last year. A single private capital fund closed last year after rustling up all of $24 million.A further 13 funds...Read More
RAPAPORT... Initiatives in Art and Culture (IAC) will present itsfirst Responsible Practice in Jewelry Leadership Award to Toby Pomeroy. The award recognizes a member of the jewelry industry who has made a significant contribution to ethical sourcing and responsiblepractices in the trade. Pomeroy (pictured) is a designer and goldsmith, as well as the founderof an Oregon-based susta...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company will raise A$16.5-million through a share placement to fund further exploration work at the Brooking diamond discovery, in Western Australia.The shares, which will be priced at 23c each, will be placed under the company’s existing placement capacity.AdvertisementLucapa noted on Monday that it has received firm commitments...Read More
RAPAPORT... Pangolin Diamonds has signed an agreement to acquire a minein Botswana, the company said last week.Pangolin has bought a 51% stake in the AK10 diamond asset,located in the Orapa kimberlite field in the Central District. Under the terms of the contract, Pangolin has the option to increase its holding to a maximum of 75%. De Beers discovered the pipe in 1968. It is one of several ki...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed BlueRock Diamonds’ Kareevlei mine, in the Kimberley region of South Africa’s Northern Cape province, processed 38 781 t of ore in the quarter ended March 31, compared with the 9 310 t processed in the first quarter of 2017.This production represents 14.1% of the company’s production target for this year.AdvertisementGrade increas...Read More
RAPAPORT... Sotheby's will auction two flawless white diamonds weighingover 50 carats each, estimated at a combined price of more than $15 million. The first is a round brilliant-cut, 51.71-carat stone,estimated at $8.2 million to $9.5 million, while the second is an oval-shaped, 50.39-caratdiamond, with an estimated price of $7.3 million to $8 million. Both stones areD color, flawless, type IIa a...Read More
(IDEX Online) - Organizers of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, are gearing up for the inaugural show which takes place from April 23-25. And ahead of the international diamond week, preparations are in full swing for a cricket tournament that will be taking place from April 8-15, in the run-up to the Bharat Diamond Week. "There is a carnival atmos...Read More
RAPAPORT... Eli Avidar will step down as managing director of the IsraelDiamond Exchange (IDE) to pursue a career in politics. The IDE chief chose not to continue in his position as head ofthe bourse, which he has held since January 2016, and will leave shortly, hetold Rapaport News Sunday. He will also resign as managing director ofthe Israel Diamond Institute (IDI). The former diplomat plans to...Read More
RAPAPORT... Hong Kong'spolished-diamond imports jumped in 2017, recent data from the municipality'strade body showed. Shipments into thecenter rose 9% to $18.93 billion in 2017, according to data from the DiamondFederation of Hong Kong, China. By volume, imports grew 3% to 19.5 million caratsfor the year, while the average price climbed 6% to $971 per carat. Polished imports from India increased 1...Read More
RAPAPORT... A blue diamond ring and a jadeite bracelet both failed tofind buyers at Sotheby's Hong Kong auction.Most notable of the unsold lots from the April 3 sale was a14.18-carat, fancy blue, VVS2-clarity diamond ring, surrounded by pinkdiamonds, which was estimated at $6 million to $7.7 million.A jadeite bangle - known as the "Circle of Heaven" -with an estimate of $10.2 million to $12.8 mill...Read More
RAPAPORT... Eli Avidar will step down as managing director of the IsraelDiamond Exchange (IDE) to pursue a career in politics. The IDE chief chose not to continue in his position as head ofthe bourse, which he has held since January 2016, and will leave shortly, hetold Rapaport News Sunday. He will also resign as managing director ofthe Israel Diamond Institute (IDI). The former diplomat plans to...Read More
RAPAPORT... A blue diamond ring and a jadeite bracelet both failed tofind buyers at Sotheby's Hong Kong sale.Most notable of the unsold lots from the April 3 auction was a14.18-carat, fancy blue, VVS2-clarity diamond ring, surrounded by pinkdiamonds, which was estimated at $6 million to $7.7 million.A jadeite bangle - known as the "Circle of Heaven" -with an estimate of $10.2 million to $12.8 mill...Read More
RAPAPORT... Sotheby's will auction two flawless white diamonds weighingover 50 carats each, estimated at a combined price of more than $15 million. The first is a round brilliant-cut, 51.71-carat stone,estimated at $8.2 million to $9.5 million, while the second is an oval-shaped, 50.39-caratdiamond, with an estimated price of $7.3 million to $8 million. Both stones areD color, flawless, type IIa a...Read More
(IDEX Online) - LVMH Mo?<
(IDEX Online) - The 10th Antwerp Rough Diamond Days event will take place on May 16-17. The show takes place in Antwerp's Diamant Kring, the rough diamond bourse. Priority is given to World Federation of Diamond Bourses members, but is open to other trade members as well. Registration has begun. Further details are available on: +32-3-233-5810 and at: www.contact@...Read More
Two flawless white diamonds each weighing in at more than 50 carats are expected to fetch more than $15 million when they are auctioned in May, auctioneers Sotheby's Diamonds said on Friday.The diamonds, a 51.71 carat round brilliant-cut gemstone and a 50.39 carat oval, are the second-largest of their respective kinds ever to come to auction, Sotheby's said.The sale of the gemstones, discovered an...Read More
A 6.16-carat blue diamond that was secretly passed down through European royalty over three centuries is going on sale for the first time in May.The pear-shaped, dark grey-blue gem, known as The Farnese Blue, is believed to be one of the most important historical diamonds left in private hands, Sotheby's said.Expected to fetch between $3.7 and $5.3 million when it goes under the auction house's ha...Read More
Angola’s diamond exports in January brought in the second-highest price per carat ($136.24) for monthly sales since October 2016, Portuguese news agency Lusa has reported. The highest price per carat ($138.60) for monthly sales in this period was achieved in November last year.According to the monthly report of the Angolan Finance Ministry, the country exported 620 485 ct of diamonds in Janu...Read More
LONDON – The historically important Farnese Blue diamond, which was passed down through European royal families for some 300 years, is to go on sale for the first time next month, auctioneers Sotheby's said.Expected to fetch between $3.7-million and 5.3-million, the 6.1 ct, dark grey-blue stone from the Golconda diamond mines of India was first given to Elisabeth Farnese, daughter of the...Read More