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The illusion of economy

When it comes to synthetic diamonds, the first thing that the man in the street hears is the assertion that "they are real, but much cheaper." The question what in this case is to be considered "real" is rather ambiguous and rather...

15 january 2018

World Diamond Centres

The countries that are leading in the global diamond production, cutting&polishing and trading are widely viewed as the world diamond centres. Diamond mining countries, cutting&polishing centres and rough and polished diamond trade hubs are among them...

09 january 2018

Why Diamonds and Gems Are Catching the Eye of Serious Investors

(robbreport.com) - The kind of sensational headlines that, for the past decade, have been associated with multimillion-dollar art transactions are now occurring with notable regularity in the world of diamonds and gemstones. News makers include Laurence Graff, who acquired...

19 january 2018

New Canadian Diamond Discoveries Could Close Pending Supply Gap

(stockhouse.com) - On November 1st, De Beers said that it will be closing its nearly depleted Victor diamond mine in northern Ontario in early 2019. Victor is the first in a line of legacy diamond mines world-wide that will be closing over the next 5-years. Most notably...

18 january 2018

GEM share flies on 910 carat whopper recovered at Letšeng

(miningmx.com) - A 910 carat (ct) diamond recovered at GEM Diamonds’ Letšeng mine in Lesotho could fetch more than $40m and help support the firm’s under-pressure balance sheet. Shares in GEM gained 13% in early morning trade on the London Stock Exchange...

17 january 2018

ALROSA expects rough sales at the level of 40 million carats in 2018 - UBS

19 january 2018

ALROSA (MCX: ALRS) expects to drive its rough sales to the level of 40 million carats in 2018, the UBS Bank informed its customers following a meeting with the diamond mining company.

De Beers adopts blockchain to boost confidence in diamonds

19 january 2018

De Beers said it is progressing development of the first blockchain technology initiative, which will underpin confidence in diamonds and the industry by ensuring that all registered diamonds are conflict-free and natural, while also enhancing efficiency across the sector.

India's cut&polished exports up 7.7% in December

19 january 2018

India's exports of cut and polished diamonds during Dec '17 rose to $ 1.59 bn from $ 1.48 bn in Dec '16 recording an increase of 7.7%, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.

US Diamond Imports Rise in November

19 january 2018

US polished-diamond imports jumped 11% year on year in November, government data showed.

ALROSA adjusts gas assets auction rules

19 january 2018

On January 18, the Supervisory Board of ALROSA adjusted its gas assets auction rules during an absentee voting.

Stornoway's production and sales lower than expected in 2017

19 january 2018

Stornoway Diamond Corporation reported that its production and sales dropped in 2017 due to tough market conditions and operating difficulties at the Renard mine in Canada.

Lulo recovers its largest coloured gem-quality diamond – Lucapa

19 january 2018

Lucapa Diamond said the Lulo diamond project in Angola, which it owns together with Endiama and Rosas & Petalas, has recovered two more large diamonds.

New appointments at ALROSA

18 january 2018

Mikhail Ryazanov was appointed Adviser to the President of ALROSA and will oversee labor protection and industrial safety, while Nyurgun Zakharov was appointed Chief Engineer of the Mir Mining Division, the company's press service informed this week.

Fura Gems tempting India with rubies from Mozambique and emeralds from Colombia

A qualified Chartered Account, Dev Shetty heads Fura Gems Inc as President and CEO, who has recently developed world’s largest emerald mine in Zambia and world’s largest ruby mine in Mozambique. Dev started his career in India but moved to the UK in...

15 january 2018

The Exchange plays a significant role in the global jewellery industry - Li Zhiwei, General Manager, GDGJE

Li Zhiwei, has been engaged in the Gems and Jewellery development management in China’s government department for the past 30 years. He served as Vice Chairman of Gems and Jewelry Association of China for more than 10 years and has effectively pushed...

09 january 2018

Yoram Dvash Hits The Ground Running As Second Term Begins

Having completed his first term in office as President of the Israel Diamond Exchange (IDE), Yoram Dvash sat down with Rough & Polished to discuss his achievements during his first period in office, and plans for the second term following his...

04 january 2018

Eurasian Diamond Center should bring profit and open new prospects and opportunities for all its players

The ALROSA affiliate in Vladivostok established in 2016 was headed by Alexey Ivanov about half a year ago. He was charged with the responsibility for developing business on the company's Far Eastern platform and attracting new customers to the Eurasian...

25 december 2017

NDTC to supply rough worth about $400 m this year

The Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, said it expects to supply rough diamonds worth $390 million this year. The diamond trader, which has 11 sightholders, had a fixed supply...

18 december 2017