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Lesedi La Rona: The big stone that didn’t lighten Lucara’s world?

The high-end diamond game is played on a very small field by only a few players. Not many diamantaires have the financial muscle or the nerve to cut big diamonds.

16 october 2017

Risks and advantages of Angola's ‘Udachnaya’ pipe

Last May, it became known that ALROSA would buy a share in the Luele diamond pipe that is part of the Luaxe concession. The Russian company considers the Luele pipe as the largest among the deposits discovered over the last 60 years. This is a kind of...

09 october 2017

VAT imperils Dubai’s diamond trade, DDE chairman warns

(gulfnews.com) - Dubai: VAT on loose diamonds will imperil the diamond trade Dubai has spent 15 years building, Peter Meeus, Chairman of Dubai Diamond Exchange (DDE) said on Monday. Speaking at the opening day of the Dubai Diamond Conference, at Dubai Multi-Commodities...

Today

How China’s wealthy are spending more on luxury travel, and why that’s a challenge to diamond sales, says De Beers CEO

(scmp.com) - Sales of gemstones have been flat or declining for the past six years, and De Beers’ Bruce Cleaver says spending by China’s wealthy on luxury travel, electronics and fine dining affects how much they splash on diamonds.

Today

Changes in Demand Reveal Trends and Uncover Issues

(ehudlaniado.com) - Recent changes in demand for polished round shaped diamonds in key sizes highlight some interesting trends, anomalies and problems in the wholesale sector of the diamond market. A look over the past year reveals that ahead of the holidays, there is not...

Yesterday

DDC concludes with numerous highlights

Today

Numerous important events took place during the last day of the Dubai Diamond Conference (DDC) 2017 organized by the Dubai Diamond Exchange (DDE), a Dubai Multi Commodities Centre (DMCC) platform.

Petra fails to meet FY 2017 production guidance

Today

Petra Diamonds, which has operations in South Africa and Tanzania, said it failed to meet its production guidance of between 4.4 and 4.6 million carats for the fiscal year 2017.

Richemont reports pickup in sales in H1 2017

Today

Richemont, a luxury jewellery company, has reported its sales rose 10% in the first half of 2017 compared to the corresponding period of the previous year, as per requirements of the SIX Swiss Exchange.

Royal Asscher to Open Flagship Tokyo Store

Today

Royal Asscher, renowned for cutting some of the world’s most celebrated diamonds, plans to open its largest, flagship store in the Ginza district of Tokyo in late November, the jeweler announced.

Firestone issues 1.7m new ordinary shares

Today

Firestone Diamonds has opted to issue 1.7 million new ordinary shares of 1 pence each in respect of the quarterly interest due on the Series A Eurobonds amounting to $30.0 million, for the quarter ended 30 September 2017.  

Rio Tinto ups diamond production in Q3

Yesterday

Rio Tinto Group has announced that its diamond production for the third quarter of 2017 was higher than the third quarter of 2016.

Rough patch for De Beers as eighth sales cycle dips to $370m

Yesterday

De Beers said its eighth sales cycle eased to $370 million from the previous cycle’s $507 million or $494 million, a year earlier.

RJC and DMCC to collaborate on CSR and sustainability in jewellery segment

Yesterday

The Responsible Jewellery Council (RJC) and the Dubai Multi Commodities Centre (DMCC) signed a Memorandum of Understanding to work cooperatively on advancing their shared objectives of improving corporate social responsibility and responsible supply chain efforts in the jewellery supply chain.

Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017