(IDEX Online News) - There was a moderate decline in the IDEX polished diamond price index during February. Diamond Prices Show Multi-Month Decline Polished diamond prices have moved in a downward direction for the past 18 months. Outlook The global diamond centers reported solid activity overall, with industry restocking after a successful holiday sales season, and...Read More
RAPAPORT... Lucapa Diamond Company garnered $1.7 million at its secondrough sale of 2018, achieving an average price of $804 per carat. The miner sold 2,072 carats at the tender, it said in arecent statement. The diamonds are from the company's Lulo alluvial mine inAngola. The largest stone Lucapa sold weighed 44 carats. The company alsooffered a 1.9-carat vivid pink diamond. Lucapa's first tender...Read More
(IDEX Online) - ALROSA said that its total diamond reserves, taking into account the explored deposits under the National Reserves Committee standards, increased by 57.8 million carats during the year (excluding the depletion of reserves) to 1,182 million carats. In 2017, ALROSA spent a total of almost RUB 8 billion on prospecting and onsite exploration. At the same time, the company launc...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $555 million, following confirmed sales of $672 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018 compared with a provisional figure of $665 million. Bruce Cleaver, CEO, De Beers Group, said: "The second sales cycle of the year saw the continuation of good rough diamond demand. This...Read More
(IDEX Online) - Speaking at an industry seminar in Hong Kong, CIBJO President Gaetano Cavalieri has urged both government authorities and jewelry and gemstone associations to incorporate the standards and nomenclature contained in the CIBJO Blue Books into their respective national guidelines, as a measure designed to facilitate more transparent and efficient international trade. The CIBJO...Read More
(IDEX Online) - The International Tender Center (ITC) inaugurated by the Israel Diamond Exchange in February 2017 has succeeded beyond expectations during its first year of activity, the Israel Diamond Exchange (IDE) said. Due to this success, the bourse has announced that the center will be expanded later this year to encompass a venue for live auctions. ITC, a state-o...Read More
JOHANNESBURG (miningweekly.com) – De Beers’ second sales cycle of the year saw the continuation of good rough diamond demand, with provisional sales of $555-million.CEO Bruce Cleaver says this is in line with expectations, following strong retail sales of diamond jewellery during the US holiday season and positive early signs for consumer demand over Chinese New Year.AdvertisementSales...Read More
South Africa's Directorate for Priority Crime Investigation arrested 33 people that were illegally extracting gold at the rehabilitated Ellerton mine, just outside the northeastern town of Giyani.In a joint operation that involved the Serious Organised Crime Investigation Unit?EUR? the Department for Mineral Resources?EUR? the Provincial Organised Crime Unit?EUR? Public Order Police?EUR? the Air W...Read More
West Africa-focused Stellar Diamonds (LON:STEL) posted Monday a deeper first-half loss due to an increase in costs of developing its Tongo-Tonguma project in eastern Sierra Leone.Delivering interim results for the six months to Dec. 31, chief executive Karl Smithson said market conditions for junior miners attempting to raise funds remained "extremely difficult."The executive noted the company, wh...Read More
Australia's Lucapa Diamond (ASX:LOM) said Monday it had achieved gross proceeds of $1.7 million (A$2.1 million) from selling 2,072 carats recovered at its prolific Lulo mine in Angola.The sale, the second this year, included a 1.9-carats vivid pink diamond and a 44-carats rock, the largest in the parcel.The figure obtained represents an average price per carat of $804, the company said, adding tha...Read More
RAPAPORT... Rio Tinto has lowered its estimate of diamonds it can viably extract from the Argyle mine, after experiencing operationaldifficulties and reducing its price forecast. The asset's ore reserves slumped 45% to 16 million tonnes atthe end of 2017 versus a year earlier, the company said in a statement lastweek. That translates to 38.5 million recoverable carats, at a grade of 2.4carats...Read More
(IDEX Online) - The Dubai Multi Commodities Centre (DMCC), a leading global free zone for commodities trade and enterprise, has announced that it will hold the 7th edition of its industry-leading annual Dubai Precious Metals Conference (DPMC) on 9 April at The Westin Hotel, Habtoor City, Business Bay. The annual conference aims to bring a fresh global outlook on the precious metals sector a...Read More
JOHANNESBURG (miningweekly.com) - Aim-listed Stellar Diamonds has, over the past six months, continued to focus on sourcing the necessary funding to bring its Tongo-Tonguma project, in eastern Sierra Leone, into production."The capital markets in the UK have proven extremely difficult to raise funds for junior mining companies in recent years. Further, the market capitalisation of Stellar dur...Read More
RAPAPORT... The Diamond Producers Association (DPA) unveiled its China marketing program at the recent Hong Kong International Jewellery Show, as it plans to launch in the country in July.The DPA's "Real is Rare, Real is a Diamond" initiative, which has already launched in the US and India, is the industry's first generic-marketing initiative in 10 years. The DPA hopes to appeal to the millen...Read More
(IDEX Online) - Easyfairs, the organizer of CARAT+, has announced a partnership with the Federation of Belgian Diamond Bourses (FDBD) and the Antwerp World Diamond Centre (AWDC) for the second edition of the show from May 6-8. Under the agreement, Easyfairs and the Antwerp diamond sector "will combine their efforts to continue to build an ambitious vision for the future of the internationa...Read More
RAPAPORT... J.C. Penney has named James Starke head of merchandising forthe jewelry, men's, children's and home departments, the retailer said lastweek. The retailer has also promoted Jodie Johnson to head ofmerchandising for the women's, beauty and family footwear divisions. BothStarke (pictured) and Johnson will report to Joe McFarland, the newly appointed executivevice president and chief cust...Read More
JOHANNESBURG (miningweekly.com) - Angola-focused diamond miner Lucapa Diamond Company sold 2 072 ct of diamonds recovered from the Lulo mine, achieving gross proceeds of $1.7-million during its second sale for the year.This represented an average price per carat of $804. The ASX-listed miner said the largest diamond in the sale parcel weighed 44 ct, which also included a vivid pink of 1.9 ct.Adver...Read More
(IDEX Online) - Lucapa Diamond Company Limited and its partners have completed the second sale for 2018 of diamonds from the Lulo diamond project in Angola. The sale of 2,072 carats of Lulo diamonds achieved gross proceeds of $1.7 million, with an average price per carat of $804. The largest diamond weighed 44 carats, which also included a vivid pink of 1.9 carats. The latest sale br...Read More
RAPAPORT... The March Hong Kong show closed on Monday with dealers disappointed in the number of buyers that attended, even as they remain satisfied with the recent improvement in Far East demand. "Sentiment is positive, and buyers adapted to higher price levels that emerged in the past few months," said one Israel-based diamantaire who requested anonymity. Many noted that trading before the...Read More
(IDEX Online) - The 61st Bangkok Gems and Jewelry Fair, organized by the Department of International Trade Promotion (DITP), Ministry of Commerce, held from February 21-25 attracted visitors from 113 countries with the top five visiting nations being India, Myanmar, China, USA and Russia, the organizers reported. The Bangkok Gems and Jewelry Fair is part of the Thai government's aim of mark...Read More