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Millennials a larger, important unit for diamond industry despite financial constraints – De Beers

De Beers revealed that it was optimistic about the millennials in its latest diamond insight report. It noted that globally, millennials were the largest consumer market for diamond jewellery – a generation which will soon reach its maximum earning potential...

26 september 2016

Diamond Jewelry Gives Extra Sparkle to VicenzaOro Show

The VicenzaOro show, organized by Fiera di Vicenza, took place from September 3 to 7, with the organizers expressing satisfaction with the footfall and buyer interest at the fair. The show, featuring a wide range of high-quality Italian jewelry, has...

19 september 2016

Buy Less Rough: Lessons from the September 2016 Hong Kong Show

(ehudlaniado.com) - In a departure from other shows over the past year and more, the September show in Hong Kong saw a decent amount of business, and many exhibiting diamond firms reported a rise in transactions compared to previous shows. There is a good reason for the...

Yesterday

Diamondcorp’s long-term value will sustain it through the short-term glitches

(proactiveinvestors.co.uk) - "We’ve got a mine, we’ve got grade, we’ve got the carat value,” says Paul Loudon of Diamondcorp Plc (LON:DCP). “And we’ve got US$1.5bn of diamonds in the ground to be mined in the next few years.” In a nutshell that’s the base case for Diamondcorp’s...

29 september 2016

The State of Retail and the Hourglass Economy

(jckonline.com) - Last month, Signet reported negative comps. Of course, it’s not alone. Tiffany’s U.S. comps have been sinking for some time. Blue Nile and Birks are not showing much growth. So far, among public jewelry companies, it seems only Pandora is still performing...

28 september 2016

World Federation of Diamond Bourses ExCo Meeting Sets Out Plans to Tackle Industry Challenges

Yesterday

The World Federation of Diamond Bourses' (WFDB) Executive Committee discussed the major challenges facing the global industry at its meeting in London this week.

Lucapa continues to sparkle, rakes in $4.1m from latest Lulo sale

Yesterday

Lucapa Diamond Company said it raked in $4.1-million from the sale of diamonds recovered at Lulo mine in Angola.

Top Diamond Lot Fails to Sell at Sotheby’s NY

Yesterday

Sotheby’s Important Jewels sale in New York garnered $9 million as its headline piece failed to find a buyer.

KP won’t chastise Zim for consolidating diamond mining - report

Yesterday

The Kimberley Process said Zimbabwe is free to regulate its diamond industry and it will not interfere in the decision by the southern African country to consolidate mining firms into one.

Diamcor Rough Sales Fetch $141/ct.

Yesterday

Diamcor Mining sold $1.2 million of rough diamonds in the second fiscal quarter ending September 30, at an average price of $141 per carat.

Israeli jewellery exports up 3% in H1 2016

Yesterday

Israeli exports were down 9 per cent to approximately $4 bn in the first six months of 2016. During that period, jewellery exports surged 3 per cent, totaling $340 mn, according to the latest figures announced recently by the Ministry of Economy in Israel.

Trans Hex Spurns South Africa's Richest Man

Yesterday

The board of Trans Hex Group advised shareholders to decline a takeover bid from South Africa’s richest man, after a panel of independent members found the offer underprices the miner.

KP CAR monitoring team declares three more ‘compliant zones’

29 september 2016

The Kimberley Process Central African Republic (CAR) monitoring team has declared three more sub-prefectures as “compliant zones”.

We estimate gold demand for 2016 to be in the range of 750 to 850 tonnes – Somasundaram, MD, WGC-India

Somasundaram PR joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. A qualified Chartered Accountant, Som has over...

26 september 2016

Actions undertaken by ALROSA are intended to support true diamond manufacturers

Recently, the EPL Alliance and Diamond and Jewelry Manufacturers Guild of the Republic of Sakha (Yakutia) backed ALROSA in the press, welcoming its position in support of Russia’s diamond-cutting businesses in view of the abolition of the 6.5% export...

19 september 2016

From France to Israel - Andre Messika Goes from Strength to Strength

A leading Israeli diamond dealer who is increasingly making a name for himself locally and globally is Andre Messika. Three years ago, he was the winner of the Israeli diamond industry’s Outstanding Exporters Award. He has also often been near the top...

12 september 2016

“Jewellery customers are totally fascinated with the ‘design’, rather than seeing jewellery as investment” says Ashish Sand, Founder & Partner of Savio Jewellery

Though armed with a Master’s degree in Commerce; a Bachelors in Business Administration from Bradford University; and a diploma in Information Technology, it was jewellery business that was Ashish Sand’s calling… Today, as the founder and partner of...

05 september 2016

Mozambique eyes commercial diamond mining

Mozambique confirmed last month the discovery of diamonds in the Massangena district of the Gaza province. The country had been working, with the help of Angola, towards the certification of its diamond mining by the Kimberley Process. The certification...

29 august 2016