(IDEX Online) - GIA today said all its reports will be digital-only by 2025, saving 20 tons of paper and 18.5 tons of plastic a year.The Gemological Institute of America will launch a digital version of its Diamond Dossier in January 2023.New AI technology will capture the diamond's inscription image and securely link to its unique GIA report in the cloud.Susan Jacques, president and CEO of G...Read More
RAPAPORT PRESS RELEASE, June 7, 2022, Las Vegas... Diamond trading was stable in May despite concerns about inflation, rising interest rates and slumping stock markets. Polished prices initially declined but later steadied as dealers anticipated supply shortages resulting from Russian sanctions.The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.5% in May but was 9.3% higher on June 1...Read More
(IDEX Online) - De Beers has reportedly raised the price of smaller goods, which have been in scarce supply since sanctions against Russian miner Alrosa began to bite.Sources have told Bloomberg News that prices are up by five to seven per cent at Sight 5, which opened yesterday in Gaborone, Botswana.Alrosa normally supplies a large proportion of rough cluster diamonds below 0.30-cts used by manuf...Read More
(IDEX Online) - A prominent jeweler in Detroit, USA, was shot dead in what police describe as a targeted attack.Daniel "Hutch" Hutchinson, 47, was gunned down at the wheel of his SUV. Footage from the aftermath shows nine bullet holes in the driver's side window.Hutchinson's wife Marisa, who was also in the vehicle, survived the attack unhurt.Police said they made an arrest following the...Read More
(IDEX Online) - BlueRock Diamonds says production has been badly hit by wet weather.Rainfall at its Kareevlei mine, in Kimberley, South Africa, was 22 inches from January to May - double the average for an entire year.The rain hampered access to high-quality kimberlite, forcing the mine to use lower grade ore and delaying roll-out of its mining development plan.Processing production was down by 36...Read More
RAPAPORT... Signet Jewelers banner Banter by Piercing Pagoda has appointed Grammy-nominated rapper, songwriter and artist Tierra Whack as its first creative director.The hire is driven by the brand's focus on encouraging self-exploration and celebrating uniqueness, Banter said last week. Whack, whom the company described as "unapologetically herself," has designed a capsule collection of jewelry f...Read More
RAPAPORT... Rio Tinto has debuted a new strategy that will enable it to "protect the provenance" of its Argyle pink diamonds, including a certification service and a concierge trading platform."This is the start of a new chapter for Argyle pink diamonds, to ensure they maintain their value and investment potential as a finite, unrepeatable natural resource and achieve the status of outstanding her...Read More
RAPAPORT... Lab-grown diamond producer Adamas One will raise money through a public stock listing amid uncertainty about the future of its business, it said in a US Securities and Exchange Commission (US SEC) filing last week.The company, which acquired synthetics creator Scio Diamond for $2.1 million in 2019, has applied for an initial public offering (IPO) on Nasdaq. Adamas indicated the total v...Read More
Laboratory-grown diamonds are increasingly available in greater quantities, higher quality and new colors at price points that many find attractive. It is no wonder, then, that laboratory-grown diamonds are a growing presence in the marketplace. Laboratory-grown diamonds are appealing options for consumers looking for affordable, attractive alternatives to natural diamonds. They make it easier for...Read More
(IDEX Online) - The wife of fugitive diamantaire Mehul Choksi has been charged with money laundering offences.Priti Kothari was "hand in glove" with her husband - who has been accused of a $1.8bn Punjab National Bank (PNB) fraud - according to a supplementary charge sheet issued by India's Enforcement Directorate (ED).It describes her as an "active participant and abettor" and and says she wa...Read More
Laboratory-grown diamonds are increasingly available in greater quantities, higher quality and new colors at price points that many find attractive. It is no wonder, then, that laboratory-grown diamonds are a growing presence in the marketplace. Laboratory-grown diamonds are appealing options for consumers looking for affordable, attractive alternatives to natural diamonds. They make it easier for...Read More
(IDEX Online) - US sales of jewelry and watches rallied somewhat in April - up just over 18 per cent year-on-year - after a relatively disappointing performance in March. Sales for March, previously reported at just 8.5 per cent, have been revised up to 11 per cent, taking account of actual rather than estimated sales. Even so, they were the lowest since August 2020. Hav...Read More
(IDEX Online) - Tariffs on most diamonds and jewelry exports from Israel to the United Arab Emirates will be abolished as the two countries establish closer ties.A free trade agreement signed on Tuesday will further boost trade links between the two countries. Business has flourished since it was officially sanctioned by the Abraham Accords of August 2020.Tariffs on food, medicine, fertilizers&nbs...Read More
RAPAPORT... Organizations around the world have launched a pilot traceability project for artisanal diamond mining in the Democratic Republic of Congo (DRC).OrigemA will work toward setting up a transparent mine-to-market program for small-scale mining cooperatives in the central African country, the founders said this week.The institutions behind the initiative are the Antwerp World Diamond...Read More
(IDEX Online) - Manufacturers will increasingly turn to lab growns to fill supply gaps caused by sanctions against Russia.Botswana's minister of minerals and energy, Lefoko Moagi, told a mining conference it would be hard to source enough natural diamonds to replace Alrosa's missing output."We see the 30 per cent gap that will be left by the ban being plugged by something else that is no...Read More
(IDEX Online) - The IDEX Polished Price Index fell very slightly during May, ending the month down just 0.69 per cent. In April it declined by more than 2.1 per cent. Before that, January and February showed sharp increases - 5.67 per cent and 4.14 per cent respectively. The Index has been declining since the first week of March.IDEX Online subscribers please click here to rea...Read More
RAPAPORT... BlueRock Diamonds has asked its financial backers for help after severe rainfall dented production at its mine in South Africa.The drop in rough output and sales, as well as higher costs, has depleted BlueRock's cash resources during a period of heavy investment, it said Wednesday. The company has entered discussions with a major shareholder and providers of debt finance to "suppo...Read More
RAPAPORT... Gem Diamonds has recovered a 125-carat rough from its Let??eng mine in Lesotho, its second stone over 100 carats this year.The high-quality, white diamond was unearthed at the site on May 31, Gem Diamonds said Thursday. The discovery comes hot on the heels of a high-value, 129-carat rough the miner found the week before.The recovery of the two stones follows a long period of sluggishne...Read More
News: Rising expectations for Las Vegas shows. US demand supporting market despite economic caution. China sluggish but starting to return from Covid-19 lockdown. Polished prices stabilizing amid inventory decline in select categories. 1 ct. RAPI -0.5% in May. Small rough strong; tender prices high as Russian sanctions leave supply gap. Some big cutters buying Alrosa goods. Traders anticipate lar...Read More
RAPAPORT... Christie's will offer a variety of diamonds at its two upcoming Jewels Online sales, with a necklace by designer Garrard estimated to fetch up to GBP 220,000 ($277,262).The piece features a pear-shaped, 4.78-carat, E-color, VVS2-clarity diamond, as well as marquise-, pear-shaped and circular-cut diamonds weighing approximately 55 to 60 carats. It's the top item up for sale at the June...Read More