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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

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...

Today

Diamond Portraits – Sir Thomas Cullinan

(ehudlaniado.com) - Most people in the diamond industry immediately recognize the name Cullinan as belonging to probably the most famous rough diamond in history, and several of the most famous polished diamonds in the world today. They are likely also familiar with the...

Today

5 Amazing Facts You Might Not Know About Diamonds

(brides.com) - Yay, you're engaged! You found the love of a lifetime—and of course the diamond engagement ring of your dreams! And while you could make a list a mile along of everything that makes your fiancé special, there are plenty of amazing facts we bet you...

Yesterday

Rio Tinto's diamond production up by 58% in Q4 2017

Today

Announcing its fourth-quarter production results, mining major Rio Tinto has announced that its diamond production for the period under review amounted to 7.20 mn carats as compared to 4.57 mn carats in the Q4 of 2016, an increase of 58 percent.

DDA Trading Bvba announced the sale of the Namibian marine rough diamond production

Today

DDA Trading Bvba announced the sale of the Namibian marine rough diamonds from IMDH (International Mining and Dredging Holdings Ltd).

FAS requests to amend terms of ALROSA gas assets auction from Finance Ministry

Today

(vedomosti.ru) - Russia’s Federal Antimonopoly Service (FAS) asked the Ministry of Finance to amend the terms of the ALROSA gas assets auction. The body cannot continue its examination of these terms after Rosneft has withdrawn its complaint, head of the FAS Igor Artemyev told TASS.

Signet Holiday Sales Disappoint

Today

Signet Jewelers’ holiday sales fell 3% as issues relating to outsourcing its credit transactions adversely impacted the business.

Zim anti-graft body after ex mines minister for ‘looting’ Marange diamonds

Today

The Zimbabwe Anti-Corruption Commission (Zacc) is probing the country’s former mines minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaults during his stint at the ministry.

ALROSA's senior leadership position renamed

Yesterday

The post of the sole executive body of ALROSA will be renamed from President to Director General - Chairman of the Board. The company's shareholders took the decision at a special meeting on January 11, 2018.

Rosneft recalls complaint on ALROSA's gas assets auction

Yesterday

(INTERFAX.RU) - Russia’s Federal Antimonopoly Service (FAS) won't consider the complaint filed by Rosneft regarding the terms of the auction for the acquisition of gas assets held by ALROSA as the oil producer has recalled it, head of the FAS construction and natural resources control department Oleg Korneev told Interfax.

Botswana’s Okavango earns $567m, highest annual sales since formation

Yesterday

Botswana’s Okavango Diamond Company (ODC) earned $567-million last year following a 4 percent rise in sales, the highest annual sales since its formation in 2013.

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