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Refinery Discrepancy

Gold weighted bullion bars are a traditional symbol of welfare and one of the most popular investment tools. Many lines of profession – starting from a geologist to a smelter furnace-operator - are engaged in making a bullion bar, and its manufacture...

17 july 2017

Diamond Industry Faces Growing Challenge from Recycled Diamonds

Almost nine years after the global economic crisis struck, one offshoot is continuing to have an effect on the diamond and jewelry industries, and that is recycled diamonds. Nobody in the industry really has any idea of the size of recycled diamonds...

10 july 2017

Could 3d printing change diamond mining as we know it?

(en.israelidiamond.co.il) - 3D printing has gained in popularity in recent years, and has filtered in the jewelry business. For example, UK jewelry making supplier Cooksongold has unveiled its latest Advanced Metal Powder at the Baselworld Jewellery Fair, enabling 3D Printing technology...

Yesterday

Antwerp Rough Diamond Exports Continue Surge in June, Polished Still Sluggish

(thediamondloupe.com) - Antwerp's diamond trade in June mirrors the trends we have seen from the diamond capital over the first half of the year 2017, with significant volume increases of lower-priced rough exports and a persistently soft polished trade. On a year-over-year...

20 july 2017

Will the death of US retail be the next big short?

(ft.com) - For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail industry...

19 july 2017

ALROSA’s diamond cutting and polishing to be headed by Pavel Vinikhin

Yesterday

Pavel Vinikhin appointed as Director of DIAMONDS ALROSA – ALROSA’s cutting and polishing division, one of the largest diamond manufacturers in Russia. In fact, he has been managing the enterprise since October 2016 when he was an acting director.

ALROSA posts financial results for H1 2017

Yesterday

On Thursday, ALROSA published a report on financial results for the period of January-June 2017 in line with the Russian Accounting Standards (RAS), from which it follows that the company's profit before tax amounted to 53.5 billion rubles, almost halving compared to the same period last year (103.3 billion rubles). The company's revenue dipped to 115.8 billion rubles, a decrease of 21%.

De Beers Q2 diamond output up 36pc to 8.7 million carats

Yesterday

Anglo American said De Beers’ rough diamond production leaped 36 percent to 8.7 million carats in the second quarter of the year.

Rapaport Melee Index stable in 2Q

Yesterday

Melee diamond prices remained stable during the second quarter of 2017, with the Rapaport Melee Index (RMI) for small diamonds unchanged at 108.50 for the period.

Angola’s Lulo more than doubles Q2 output, sales

Yesterday

Sociedade Mineira Do Lulo (SML), which is owned by Lucapa, Endiama and Rosas & Petalas produced 4,203 carats of diamonds during the quarter ended 30 June 2017, an increase of 63 percent from 2,581 carats, a year earlier.

Pallinghurst begins compulsory acquisition of minority shareholding in Gemfields

Yesterday

Pallinghurst said it will now commence the compulsory acquisition of the remaining 7.62 percent minority shares in Gemfields to take its stake in the company to 100 percent.

FACETS 2017 set to showcase the best of Sri Lanka’s Gem & Jewelry Industry

Yesterday

The Sri Lanka Gem & Jewelry Association has announced the launch of the 27th edition of the FACETS International Gem & Jewelry Exhibition, says a press release from the organisation.

Paul Zimnisky Diamond Analytics Publishes Report on Global Rough Diamond Prices Over the Last 10 Years Since the Global Financial Crisis

20 july 2017

Paul Zimnisky said, “This year marks 10 years since the onset of the global financial crisis. In 2007 the first signs of a collapsing sub-prime mortgage bubble in the U.S. were seen, although rough diamond prices were not impacted until the fall of 2008, just shortly after achieving record high prices in summer 2008. As the global economy crashed, rough prices bottomed out in the beginning of 2009 before making new all-time highs in the summer of 2011, highs that have yet to be retested.”

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

Too early to say good days are back, but the industry is witnessing changes

Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods...

10 july 2017

The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem

Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making...

03 july 2017

SA’s Vutomi project can start production end of 2018 – John Teeling

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which...

26 june 2017

Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery...

19 june 2017