RAPAPORT... Lucapa Diamond Company has recovered two special-sized roughdiamonds - a light brown stone weighing 103 carats, and an 83-carat, type-IIa diamond,the miner announced Monday.The 103-carat stone is the ninth diamond above 100 carats thecompany has extracted from its Lulo mine in Angola. In November, it announced the discovery of two D-color, type-Ila stones weighing 129 and 78carats...Read More
Lucapa Diamond Company Limited and its partners have announced the recovery of more large diamonds from the Lulo Diamond Project in Angola. The latest recoveries include diamonds weighing 103 carats and 83 carats (pictured), both of which were recovered from Mining Block 8. "The 103-carat light brown diamond and 83-carat Type IIa diamond continue to evidence the special nature and p...Read More
JOHANNESBURG (miningweekly.com) – LSE-listed Gem Diamonds has recovered two large high-quality D-colour, type IIa diamonds from its 70%-owned Letšeng mine in Lesotho.The recovered diamonds include a 117 ct and a 110 ct diamond.AdvertisementLetšeng is the highest dollar per carat kimberlite diamond mine in the world.To watch Creamer Media's latest video reports, click...Read More
(IDEX Online) - Gem Diamonds Limited has recovered two large high-quality D color Type IIa diamonds from the Let??eng mine in Lesotho. The diamonds weigh 110 and 117 carats, respectively, the company said in a brief statement, adding that Let??eng is the highest dollar per carat kimberlite diamond mine in the world. Read More
JOHANNESBURG (miningweekly.com) – The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine.The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a 103 ct light brown diamond and an 83 ct Type IIa diamond.Advertise...Read More
JOHANNESBURG (miningweekly.com) – Generations of diamond processing experience, interwoven with modern know-how, is extending the diamond endowment of the city of Kimberley.Kimberley Ekapa Mining Joint Venture (KEM-JV) has come up with a viable business model that returns a diamond sparkle to the city renowned for its 19th-century diamond mines and hand-dug Big Hole.AdvertisementThe historic...Read More
RAPAPORT... Gem Diamonds has recovered two large rough diamonds at itsLet??eng mine in Lesotho, it said Monday. The "high-quality," type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The London-based miner'sshare price jumped about 6% in early trading following the announcement. "While we do not know the final value of the stones, it islikely that good-qu...Read More
RAPAPORT... Neiman Marcus has named Ralph Lauren executive Geoffroy vanRaemdonck as its new CEO, the retailer announced Friday. Van Raemdonck (pictured)was formerly group president for Europe, the Middle East and Africa (EMEA) andglobal travel retail at the luxury brand. He succeeds Karen Katz, who is retiringafter more than 30 years with Neiman Marcus, the last seven as CEO. "We are thrille...Read More
RAPAPORT... Sears Holdings will close 103 stores across the US in Marchand April, the company announced Thursday. The group has told employees it is closing 64 Kmart storesand 39 Sears branches, with liquidation sales beginning at the affectedlocations in early January, the retailer said. Pennsylvania, where 10 Kmart andthree Sears stores will shut down, took the hardest hit. Sears "will continue...Read More
RAPAPORT... J.C. Penney saw a 3.4% increase in comparable-store sales - those at branches open forat least a year - during the holiday period, led primarily by strongperformances in the home, beauty and fine-jewelry sectors.The figures were for the nine weeks that ended December 30. In October, the retailer revamped its jewelry department,adding a line of smart watches and rebranding its wedding-...Read More
RAPAPORT... Sarine Technologies subsidiary Galatea will be taking legalaction against a manufacturer in Surat, India, claiming fraudulent use ofSarine's Galaxy inclusion-mapping technology and software, the companyannounced Thursday. Galatea noted a long-term discrepancy between the weights ofthe rough stones the Galaxy system was processing and those the manufacturer wasreporting to the company,...Read More
RAPAPORT... Sears Holdings will close 103 stores across the US in Marchand April, the company announced Thursday. The group has told employees it is closing 64 Kmart storesand 39 Sears branches, with liquidation sales beginning at the affectedlocations in early January, the retailer said. Pennsylvania, where 10 Kmart andthree Sears stores will shut down, took the hardest hit. Sears "will continue...Read More
VANCOUVER (miningweekly.com) – The value per carat realised at the tenth tender sale of diamonds produced at Mountain Province Diamonds’ 49%-owned Gahcho Kué mine, in Canada’s Northwest Territories, has fallen to the lowest level since sales started 12 months ago.The TSX- and Nasdaq-listed company recorded sale proceeds of $19.1-million for the tenth tender sale, from the...Read More
Big cap diversified miners are riding a wave of optimism as global growth prospects - especially in manufacturing - continues to strengthen. Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015.The manufacturing index has now signalled expansion for a record 82 months in a row and the investment...Read More
Diamond market optimistic for 2018 after good holidayseason. Polished prices supported by shortages of select goods as manufacturingstays below capacity. 1 ct. RAPI -5.3% in 2017, with +0.3% increase in Dec. asdifficult year ends on a positive note. Strong rough demand expected whenAlrosa and De Beers resume sales later this month. Positive outlook for ChineseNew Year (Feb. 16), with high-end cons...Read More
(IDEX Online) - Laurelton Diamonds Belgium BVBA will be holding viewings of its next tender of rough and sawn goods at the Antwerp Diamond Tender Facility. The tender will include a selection of white, Cape rough parcels in sizes from +5 cts to -7 in regular and high quality assortments. There will also be a range of white and yellow sawn Kaps offered in sized parcels from +3 gr to -...Read More
Dear friends,Greetings and best wishes for the New Year.I am pleased to write that the overall outlook for diamond demand is positive and improving. The US holiday season performed very well, and expectations are high for the Chinese New Year. Given the new US tax law and potential US fiscal policy stimulus in the form of huge infrastructure spending, we expect the positive trend to continue throu...Read More
(IDEX Online) - Galatea Ltd., a wholly-owned subsidiary of Sarine Technologies Ltd has further stepped up its enforcement initiatives against the fraudulent use of its Galaxy (R) inclusion mapping technology and systems, Sarine said in a statement. Galatea is taking action against a manufacturer in Surat, India for its deliberate under-reporting of rough stone weights and underpayment of am...Read More
RAPAPORT... The average price of rough diamonds sold by MountainProvince fell in December as a large proportion of the goods on offerwere smaller stones, the company said. The miner sold 364,000 carats of rough from itsGahcho Ku?(C) mine at an average price of $53 per carat, for a total of$19.1 million, it reported in a statement Wednesday. The average price was below October's $60 per carat andN...Read More
(IDEX Online) - Retail business in Hong Kong's export markets is expected to grow in the coming year, according to a worldwide study of year-end sales released by the Hong Kong Trade Development Council (HKTDC). The HKTDC report on preliminary 2017 Christmas sales in Hong Kong's key export destinations - including both traditional and emerging markets - found solid growth in the...Read More