Global Diamond Production Forecasted at 137M Cts in 2016

(paulzimnisky.com) - A concerted effort by De Beers and Rio Tinto (LSE: RIO) to limit global diamond supply is forecast to be offset by stable Russian production, new mines, and production increases by Dominion Diamond Corp (TSX: DDC) and Petra Diamonds (LSE: PDL). Despite...


Addressing diamond industry’s global crisis, AWDC to focus on financial innovation

(awdc.be) - The Antwerp World Diamond Centre is turning to new technologies to meet the industry’s alternative financial services needs for international transactions. With a commitment to innovative new solutions for driving the industry forward, AWDC is starting...

11 february 2016

Anglo engaging harshest critics, Indaba hears

(miningweekly.com) - Anglo American is engaging with its harshest critics because they are often the best people to learn from, Anglo American CEO Mark Cutifani said during a panel discussion at the 2016 Investing in African Mining Indaba. Cutifani spoke of Anglo still having...

10 february 2016

Diamonds...positive news?

(linkedin.com) - Opinions on the current state of the diamond market vary greatly. De Beers finally sold a large quantity...

10 february 2016

Rough Market Enthusiasm

(Rapaport) - Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn...

09 february 2016

Traditional Trade or Speculation?

(ehudlaniado.com) - Prices of rough diamonds rose in the past few weeks. This is common knowledge, gleaned by traders, from talk in the...

08 february 2016

Activist Investors Are Mostly Terrible, and I Hope Dominion Diamond Ignores Them

(jckonline.com) - In the last few weeks, a group of investors, led by Toronto-based K2 & Associates...

05 february 2016

Angola’s Luaxe kimberlite to commence production next year


Angolan diamond company, Endiama said it is elated with the recent discovery of what is considered the country’s largest kimberlite mine, which is expected to start production end of next year.

Rio Tinto’s 2015 diamond production up 25%; earnings dip 30%


Rio Tinto Diamonds production increased 25 per cent year-on-year, from 13.87 m cts in 2014 to 17.40 m cts in 2015.

Local Opposition Forces De Beers to Halt Exploration at Ontario Mine


De Beers has been forced to cease exploration of the Tango extension near the Victor mine at Attawapiskat, Ontario as a result of local opposition, according to CBC News cited by IDEX Online.

DiaCam360 to introduce latest improved camera during IDWI


DiaCam360 announced it will introduce the latest, improved model of its camera during the upcoming International Diamond Week in Israel (IDWI) which will be held February 14-18 at the Israel Diamond Exchange (IDE).

De Beers to Launch Non-Forevermark Grading from U.K. Lab


De Beers will offer grading of non-Forevermark diamonds from its U.K. laboratory for the first time from March 1 as the company expands a service currently existing in Antwerp and Surat.

SCB: Steadier gold prices anticipated this year


While global commodity markets are suffering from low demand and oversupply, India is undergoing some interesting regulatory changes, including the gold monetisation scheme.

ALROSA extracts 122-ct diamond from Jubilee Pipe

11 february 2016

ALROSA recovered a large diamond of 121.96 carats from the Jubilee kimberlite pipe. The diamond was extracted by the company's Aikhal Mining and Processing Division (MPD) at Processing Plant No. 14.

ALROSA's annual net profit decreased by 9.5% under Russian Accounting Standards

11 february 2016

(Finmarket.ru) – ALROSA saw its net profit dwindle by 9.5% in 2015 to RUB 21.229 billion under the Russian Accounting Standards (RAS), as it follows from the auditing statement released by the company. ALROSA's revenue went up reaching RUB 185.277 billion, an increase of 16.4% year-on-year.

This year, ALROSA’s geologists will continue to search for new diamond deposits in Africa

The Department for Evaluation of New Areas at the Research and Exploration Company affiliated to ALROSA is based in St. Petersburg and deals with the forecasting and prospecting of diamond deposits in the North-East European Platform and in promising...

08 february 2016

End of an era as Shmuel Schnitzer's fourth term ends

A month or so after stepping down from the presidency of the Israel Diamond Exchange (IDE) for the second time – making a total of eight years at the helm of one of the world's biggest bourses – Shmuel Schnitzer is able to provide valuable insights both...

01 february 2016

Amin Luxury: Style and Innovation

The theme of innovation has been a central one in the diamond industry. While everyone seems to agree with the fact that innovation is crucial for the business, few companies have come through with revolutionary ideas. Among them is Amin Luxury, a company...

25 january 2016

We will definitely need time to fix damages and rebuild foundations

Andre Messika was already an established diamantaire in Paris, known as a topnotch distributor of polished diamonds, when he migrated to Israel in 2003. In Israel, he opened the company’s - Andre Messika Diamonds Ltd - main office in The Israel Diamond...

18 january 2016

‘Brokers, dealers involved in Tanzania illegal mining, smuggling of gemstones, not small-scale miners’

Before Richland Resources exited Tanzania to focus on tsavorite mining in Australia, it constantly bemoaned the unabated illegal tanzanite mining that seriously disrupted operations on its Block C at Merelani. Although a joint venture agreement with...

11 january 2016