Future rough diamond shortfall? Possibly but not a certainty

The beginning of commercial mining at the Gahcho Kue diamond mine in Canada's Northwest Territories at the start of March put the spotlight again on the issue of the scarcity of significant diamond mines coming on stream. Together with the depletion...



When I was a novice journalist 15 years ago, my first editor told me, "Under any circumstances, never disclose the inner workings to the reader, do not tell him what you want from him - let him get to everything by himself." It seems to me...

22 may 2017

Vital Mission For The Industry: Telling The Story Of The Good Diamonds Do

(idexonline.com) - Diamonds do a great deal of good. Of that there can be no doubt, but do the end-consumers know it? I can't claim to have carried out any scientific polling of the public, but purely based on conversations with family, friends, acquaintances and strangers...


Is a Dominion Diamond Takeover Still in the Cards?

(investingnews.com) - It’s been just under two months since Montana-based Washington Corporations (WashCorps) made a $1.1-billion takeover bid for Dominion Diamond (TSX:DDC,NYSE:DDC), and the initial excitement has died down substantially. Dominion, which...


Analysts paint sparkling picture of coloured gemstone market

(miningweekly.com) - The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone...

26 may 2017

India's NMDC sells diamonds worth $ 16.54 mn via e-auction


India’s premier public sector miner National Mineral Development Corporation (NMDC) has auctioned rough diamonds worth over $16.54 mn via e-auction, beating a slowdown in India’s gems and jewellery sector, says a report in Ultra News.

De Beers’ Forevermark inscribes two millionth diamond from Namibia


De Beers’ Forevermark diamond brand said it has inscribed its two millionth diamond, a 3.48 carat round brilliant that was mined, cut and polished in Namibia.

DMCC and Western Australia bilateral relationship to grow


DMCC (Dubai Multi Commodities Centre) aims to strengthen ties with Western Australia after top officials meeting in Perth.

US Jewelry-Store Sales Up in March


Sales at specialty US jewelry stores reached $2.31 billion in March, a 3.3% increase from the previous year, according to provisional figures from the US Census Bureau.

Zim diamonds revenue continues on downward spiral


The Chamber of Mines of Zimbabwe said the country’s diamonds revenue between January and May 12 dropped to $27 million from $51 million, a year earlier.

ALROSA extracted large diamond at Gornoye diamond placer

26 may 2017

ALROSA said on Friday it had extracted a large diamond weighing 60.32 carats priced by experts at about $ 174 500.

ALROSA revenue fell 17% in Q1 2017

26 may 2017

ALROSA published its financial results on IFRS for the first quarter of 2017, and reported its revenue fell 17% year on year.

Signet Jewelers sales down in first fiscal quarter

26 may 2017

Signet Jewelers (NYSE:SIG), the world's largest retailer of diamond jewelry, said its first quarter total sales were $1,403.4 million, down $175.5 million or 11.1% compared with the first quarter last year, while same store sales decreased 11.5% compared to one year ago.

Diamonds will have the greatest potential in 2017

Mumbai-based Rajesh Bhagat, India Consultant of Hong Kong Trade Development Council (HKTDC) who oversees HKTDC’s operations across India, Sri Lanka and Bangladesh, has been assisting companies, particularly small and medium enterprises (SMEs) in the...


Tanzania to cautiously extend ban on export of rough gemstones from tanzanite

Tanzania, which imposed a ban on the export of rough tanzanite more than 1 gram to encourage local beneficiation, said it will cautiously extend the moratorium to other precious stones in the country once it has the capacity to cut and polish all gemstones...

22 may 2017

De Beers sees sales volumes returning to “more normal” levels

De Beers registered a higher than usual volume of sales in the first quarter following a “strong” rebound in demand levels for lower value stones during the first sales cycle of 2017. The unexpected introduction of demonetisation in India late last year...

15 may 2017

If not gemologists, who else will maintain the image of diamonds in consumers’ eyes?

The Moscow State University’s Gemological Centre created in 1995 trains the specialists in rough and polished diamonds, colour gems, jewellery, characterization, expert evaluation, grading and marketing. The MSU’s lecturers and researchers, scientists...

10 may 2017

Manufacturing should be in line with market demand

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa; Chairman...

02 may 2017