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Genuine transparency: Sine qua non for growth of Zim diamond industry

Zimbabwean President Robert Mugabe claimed early 2016 that $13 billion was lost through leakages since diamond mining began in Marange in 2006. A local non-governmental organisation, Centre for Natural Resource Governance (CNRG) then said last...

18 september 2017

Mir Disaster Puts Diamond Industry's Excellent Record In The Spotlight

Just a month after the terrible disaster at ALROSA's Mir mine in Yakutia where eight miners lost their lives following a sudden flooding at the underground operation, attention turns to the safety record of the diamond mining industry. It might appear...

11 september 2017

Millennial Women and Luxury, What do They Really Want?

(globenewswire.com) - Despite living in a world of fast-fashion and unlimited choices, millennial women crave the opposite. This sentiment is apparent in the “buy less, buy better” mentality prevalent today and validated in a new study by “Real is a Diamond,” commissioned...

Today

Chinese Consumers Are Driving the High-End Athleisure Market, Which Is Poised to Overtake Luxury by 2020

(jingdaily.com) - China’s health and wellness boom has driven sportswear growth to a point where it threatens to overtake luxury goods by 2020, according to a Euromonitor International report. In many cases luxury brands like Chanel and BMW are even beginning to embrace...

Yesterday

How ‘seeds’ and super-hot gas could take down the $80 billion diamond industry

(washingtonpost.com) - Jerry Singh started his search for a diamond ring with $5,000 and a link to his girlfriend’s Pinterest page. “Honestly, I had no idea what to look for,” he said. “I was clueless.” But the 30-year-old software developer quickly narrowed his search to...

19 september 2017

Petra Diamonds full-year profit slides, resumes Williamson operations

Yesterday

Petra Diamonds said its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) slowed 4 percent to $157.2 million from last year’s $164.3 million.

Lucapa posts $1.1 million H1 loss

Yesterday

Lucapa Diamond Company, which has a 40 percent stake in Sociedade Mineira do Lulo (SML), in Angola said it recorded a $1.1 million loss for the six months ended 30 June 2017 compared with a $3.25 million profit, a year earlier.

MIJEX slated for Oct. 24-28 in Muscat

Yesterday

Oman International Exhibition Centre is proud to announce the 8th Muscat International Jewellery Exhibition 2017 (MIJEX) to take place on October 24-28, 2017 at Oman Convention and Exhibition Centre, Muscat, Oman, says a press note from the organiser.

Botswana’s Okavango appoints new managing director

Yesterday

Botswana’s state-owned rough trader, Okavango Diamond Company, has appointed Marcus ter Haar as its managing director.

India's overall exports from gem and jewellery sector down almost 25% in August

19 september 2017

Overall exports from the gem and jewellery sector during August 2017 was at $ 2.77 bn, a drop of 24.42% over the $ 3.66 bn exported in the same month the previous year.

Tanzania drags officials to court over seized Williamson diamonds

19 september 2017

Two Tanzanian government officials were last Friday charged with economic sabotage after they were accused of undervaluing a parcel of diamonds seized from Petra Diamonds.

SDE and DDC-NY sign MoU to strength bonds

19 september 2017

The Shanghai Diamond Exchange (SDE) and the Diamond Dealers Club of New York (DDC) signed a Memorandum of Understanding (MoU) aimed at strengthening the bonds between the two organizations and creating new trading opportunities for their respective memberships.

RJC holds sustainability workshop at IJL 2017 amid positive sentiment

19 september 2017

RJC held a free workshop titled 'Talking Sustainability: How to turn your CSR actions into effective stories' at the International Jewellery London (IJL) trade fair, which saw brisk visitor traffic and positive sentiment among sellers this year.

“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

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 2017