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With new mines on the way, Canada consolidates third-largest rough diamond producer position

While Kimberley Process Certification Scheme figures for 2015 showed that Russia is by far the world's largest diamond producer and Botswana in second place, they also show that Canada continues to consolidate its position as the world's third-largest...

22 august 2016

Second-tier companies in global diamond mining - Lucara Diamond Corporation

Lucara Diamond Corporation is among the upswing diamond companies set up quite recently. The Company has a 60% share in the AK6 kimberlite project at the Karowe mine in Botswana. It also has a diamond project Mothae in Lesotho and a Kavango project in...

15 august 2016

Failed monetary policies lift gold

(gold.org) - Analysts are scrambling to increase their gold price forecasts, as the gold price continues to rise. The gold price breached US$1,360/oz for a second time in 2016, a level previously seen in early 2014. A weak Japanese bond auction on August 2nd unnerved...

Today

Gold is not all that glitters – diamonds act as hedge

(theglobeandmail.com) - In a packed Christie’s auction room in Geneva, one could hear a pin drop as two anonymous bidders slugged it out in their quest to own the world’s most exquisite blue diamond. The room in the Four Seasons Hotel des Bergues was filled with multimillionaire...

Yesterday

The Economic Costs of the KP on Government and Industry Stakeholders: An Overview

(DIB Online) - It’s 2016. The Kimberley Process Certification Scheme (KPCS) has been operational for 13 years. The time has come to examine the costs that the KPCS imposes on the diamond...

22 august 2016

ALROSA to hold rough diamond auction and polished diamond tender

Today

PJSC ALROSA, the world leader in diamond mining, announces an International Auction of Special Size Rough Diamonds 10+ carats, and a Polished Diamond Tender. The company broke the news in a press release received by Rough&Polished on Tuesday.

After Rio Tinto’s exit India assesses Bunder diamond mine viability

Today

After Rio Tinto Group announced plans to shut the Bunder diamond mine in the state of Madhya Pradesh-India, India’s Mines Ministry said it will analyze if mining at the site is viable because of environmental concerns, according to media reports.

Canterra Signs Agreement With CanAlaska; Commences Airborne Magnetic Survey

Today

Canterra Minerals Corporation has signed a property agreement with CanAlaska Uranium Ltd to acquire a 70 percent interest in the West Carswell property in the western Athabasca Basin, Saskatchewan. The company additionally announced that it will shortly commence a detailed 1,770 line kilometer airborne magnetic survey over the area.

India’s GJEPC organises 5th ‘India Diamond Week’ in New York

Today

In its effort to promote the Indian gems and jewellery industry, the Gem & Jewellery Export Promotion Council (GJEPC) of India in association with Diamond Dealer Club (DDC) is organising the 5th edition of India Diamond Week (August 22 to 25, 2016) at the Diamond Dealers Club, New York.

U.S. Jewelry Store Sales Decline

Today

U.S. specialty jewelry store sales fell 2.3 percent to $2.2 billion in June, according to the U.S. Census Bureau.

SA billionaire seeks to consolidate diamond mines in southern Africa

Today

South Africa’s richest man, Christo Wiese said there are opportunities to consolidate diamond operations in southern Africa.

ALROSA does not see reason to change production forecast due to Rio Tinto’s withdrawal from Bunder

Yesterday

(INTERFAX.RU) - Rio Tinto's refusal to develop the Bunder diamond project in India is not a reason to change the long-term outlook for global production of rough diamonds, as Interfax was told by the spokesperson of ALROSA, the world’s top producer of these precious stones.

SDiX reports turnover of $3.5M in early August

Yesterday

Singapore Diamond Investment Exchange Pte. Ltd. (SDiX) posted turnover of just under $3.5 million in the first two weeks of August, according to data provided by SDiX, up from $1 million in May, the first month of trading.

Diamond should always be the real thing - Ali Pastorini

Ali Pastorini, Senior Vice-President of the World Jewelry Hub in Panama City and owner/partner of DEL LIMA JEWERLY in an interview to Rough & Polished talked about the trends of the jewelry market in Latin America, the preferences of its consumers...

22 august 2016

We are in a seasonally quieter period for demand – De Beers

De Beers’ rough diamond production dropped 15 percent to 13.3 million carats during the first half of 2016 compared to 15.6 million carats, a year earlier, reflecting the decision to reduce production in response to prevailing trading conditions in the...

15 august 2016

The task set before industry is to provide consumer with maximum information about diamonds we sell

(Interfax.ru) - After “conflict diamonds” have been virtually excluded from the market by the Kimberley Process (KP), the latter, as well as the World Diamond Council (WDC) found they...

08 august 2016

"I believe that honesty, integrity, and impeccable customer service are the key points to maintaining a long-lasting company” - Leibish Polnauer

More than 35 years ago, Leibish Polnauer entered the industry, trading in fancy cut diamonds but soon the love for color drew him into the fancy colored diamond sector. The mid 90s saw him develop his first online website and he eventually became one...

08 august 2016

Diamond Centre as Part of Olonkholand

Lena Fyodorova, Director of Olonkholand Complex Design Company told Rough&Polished about the possibilities arising with the creation of the Diamond and Jewellery Centre in Yakutsk within the framework of the Olonkholand Complex.

01 august 2016