Grib Diamonds is not forever

From that very moment, when LUKOIL announced a few years ago, that it started developing the Verkhotina area, it was clear for market players that this was a temporary affair. The similarities between oil and diamond production end on the word "production"...


Once a victim, can Ivanka Trump help ferret out synthetic diamonds?

With Ivanka Trump’s global profile having grown since her father’s poll victory in the United States, there is no doubt that she can be a strong voice against the presentation of synthetic diamonds as natural stones.

28 november 2016

Bain: Chinese Shoppers’ Share of Global Luxury Purchases Drops to 30%

(jingdaily.com) - Even as China’s luxury market growth re-emerges into positive territory after two years of recession, 2016 marks the first time in history that Chinese consumers contributed less to global luxury sales than they did the year before, according to Bain...


Modi’s revolutionary fervour unlikely to wean Indians off cash

(ft.com) - When Prime Minister Narendra Modi banned banknotes that make up 86 per cent of India’s cash in circulation last month, he described the drastic measure as a “movement for purifying our country” and vowed to “break the grip of corruption and black money”...


Rockwell in liquidation bid as audit uncovers irregular deals

(miningmx.com) - Rockwell Diamonds has suspended operations at its Wouterspan plant in South Africa’s Northern Cape following a contract dispute with a mining contractor that has subsequently applied for the liquidation of Rockwell subsidiary companies. The mining contractor...

02 december 2016

Cameroon accused of trading in CAR 'conflict diamonds'


Partnership Africa Canada has accused Cameroon of trading in “conflict diamonds” from the troubled Central African Republic (CAR).

Indian Finance Ministry instructs government departments to make payment above Rs.5000 through e-payments


The Indian Finance Ministry has made it mandatory for all government departments to make payments above Rs.5000 through e-Payment facility and not cash. In a statement, the ministry has directed all the departments to implement the fresh order with immediate effect.

Gemfields Delays Auction Over India Cash Crunch


Gemfields has pushed back a sale of higher-quality emeralds by two months to enable Indian buyers to adapt to the government’s decision to invalidate higher-value currency notes, according to Rapaport.

Former JBT Chief Chosen as GIA Chair


The Gemological Institute of America (GIA) elected industry veteran Dione Kenyon as chair of its board of governors.

Diamonds International opened a shop at Walt Disney World


Diamonds International, the fine jewelry company that owns over 125 stores—most notably in ports of call dotting the Caribbean—has debuted a new retail concept at Disney Springs at the Walt Disney World Resort in Orlando, JCK Online reported.

Grib Diamonds' sales rose sharply in Q3


Lukoil’s diamond revenue from the Grib mine in Russia developed by its subsidiary Grib Diamonds rose 33 percent to $61.9 million (RUB 4 billion) in the third quarter, the country’s largest oil producer reported.

KP Chair meets government and diamond industry in South Korea


As part of the ongoing efforts of the UAE Kimberley Process Chair (KP Chair) Ahmed Bin Sulayem to engage countries across the diamond supply chain, he has held meetings with senior government and industry representatives in South Korea.

Blue Diamond Tops Billing at Christie’s Hong Kong


Christie’s sales totaled $79 million (HKD 611 million) at its Hong Kong jewelry auction last Tuesday, with a colored diamond leading the event yet again.

Investment community wants and needs more transparency

Yaniv Marcus, Managing Partner, YAD Global Advisors Ltd & Founder, Diamond Investment & Intelligence Centre (DICE) began his career in the investment community as a Certified Financial Planner (CFP) as well as a Portfolio Investment Manager (CIM)...


Lucara in no rush to sell 1,109 ct diamond after London setback – Lamb

Lucara Diamond said it is not in a hurry to sell the 1, 109 carat Lesedi La Rona recovered in Botswana after bidders failed to reach the reserve price at a public auction in London mid this year. The company said at the time that the failure of the diamond...

28 november 2016

Angola‘s geological survey nears completion

Angola had for the past few years been conducting a geological survey as part of the National Geology Plan (Planageo). The programme was initially slated to complete by the end of 2015, but the geological institute of Angola general director Mankenda...

21 november 2016

Normalcy has returned to Indian jewellery industry, despite remaining tax issues

G.V. Sreedhar, Chairman of the All India Gems & Jewellery Trade Federation (GJF) since 2015, was associated with the organization since its inception. He is also the Past President of the Jewellers Association, Bangalore [JAB]. Under his guidance...

14 november 2016

Diamond club eyes fair trade environment in Sierra Leone

Sierra Leone emerged from a brutal civil war – which was fuelled by illicit diamond trading – that left tens of thousands without limbs and worse still dead. The war, which lasted for 11 years ended in 2002 and the West African nation became a member...

07 november 2016