Login

ALROSA mined a unique 34.17-carat yellow diamond

ALROSA’s affiliate Almazy Anabara has extracted a large 34.17-carat yellow diamond. It is the largest fancy-colored rough diamond extracted by the Company this year.

Yesterday

ALROSA increased physical sales in H1 2107

This was announced yesterday by the company's president Sergey Ivanov at a meeting with Deputy Prime Minister Yury Trutnev in Yakutsk, according to a statement released by the press service at the Head of the Republic of Sakha (Yakutia)...

Yesterday

Diamond aggregation to fill the gap in SA, says De Beers

De Beers Consolidated Mines (DBCM) said diamond aggregation will help its clients in South Africa access stones despite the closure of the Voorspoed mine and the company’s failure to secure exploration licences.

Yesterday

SML Q3 revenue down 14pc y-o-y to $8.8m, says Lucapa

Sociedade Mineira Do Lulo (SML), a joint venture company between Lucapa Diamond, Endiama and Rosas & Petalas, raked in $8.8 million from two sales of Lulo alluvial diamonds in Angola during the September quarter.

Yesterday

Dubai's Nemesis International to cut 813ct. Constellation diamond

Nemesis International, UAE’s first diamond polishing facility that was opened recently during the Dubai Diamond Conference (DDC) 2017, has been tasked with cutting and polishing the world’s most valuable rough diamond.

Yesterday

Beneficiation in the Diamond Industry: Russia

Yesterday

(ehudlaniado.com) - In early September of this year, Sergey Ivanov, President of ALROSA, said that diamond manufacturers in Russia would not be able to survive without government subsidies. The abolition of a 6.5% export tariff in September 2016 is a major contributing factor, he said, but so too are declining polished prices and increasing rough prices, which have driven much of the midstream to the brink. Diamond beneficiation in Russia has a history almost as long as mining itself, and some regions of the country are entirely dependent on diamond polishing for their economy. The state-controlled Russian diamond mines operate differently than they do in any other country, and the government is highly interventionist compared to most other jurisdictions. Despite some of these inherent advantages, the Russian cutting and polishing industry still faces many of the same challenges as the rest of the industry.

VAT imperils Dubai’s diamond trade, DDE chairman warns

19 october 2017

(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 Centre’s (DMCC) Almas Tower, Meeus launched a stark warning about the state of the diamond trade worldwide: “Winter is coming.” Meeus said that later this week DMCC representatives would meet with federal officials to try to convince them for giving loose diamonds a zero-per-cent tariff in the UAE VAT, to become active on Jan. 1, 2018. “That would allow the UAE diamond trade to grow further in the search of excellence,” he said. “The same zero-per-cent tariff is currently the standard in all other diamond centres across the world. “I’m not really happy to mention this problem in public, in our own conference and in the presence of so many international visitors, but at the same time it has to be said loud and clear: if this challenge is not solved, all that we have done in the last 15 years will have been for nothing.”

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

19 october 2017

(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.

Changes in Demand Reveal Trends and Uncover Issues

18 october 2017

(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 only increased demand, as expected, but shifts in taste as well.

Scientists Just Discovered 'Young Diamonds'

18 october 2017

(forbes.com) - After analyzing a number of diamonds, geologists have discovered "young diamonds" which will undoubtedly shake up the diamond industry. As you've likely heard before, diamonds require extreme temperatures and pressures to form. So much so, that geologists thought the melting conditions necessary only existed in the early stages of Earth. However, it appears the creation of diamond, young diamonds, occurred much later in Earth's history than was previously thought.

← Previous page
1 2 3 4 5