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De Beers’ Namibian unit offers 240k ct to Namdia, local sightholders

The Namibian government said more than 240,000 carats of Namdeb run-off mine were offered to Namib Desert Diamonds (Namdia) and local sightholders at a value of $360 million in the 2017/18 financial year compared to $292 million in the 2016/17...

Today

Mountain Province announced results of its third diamond sale of 2018

Mountain Province Diamonds Inc.  announced the results of its recently completed third diamond sale of 2018.

Today

Fura Gems Inc. aims at expanding the coloured gemstone business in India

Fura Gems Inc is aggressively looking at organizing the $2 bn gemstone market globally and is targeting a market share of 8% - 10% in the next 3 years.

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ALROSA reports Q1 2018 production and preliminary trading performance

ALROSA Group’s diamond production for Q1 2018 totalled 7.4 million carats, down by 17% year-on-year.

20 april 2018

Forevermark supports women advancement

Forevermark, the diamond brand from the De Beers Group of Companies, promoted gender equality and displayed its stunning Red Carpet Collection 2018 through a unique fashion show of models and women achievers on 18, April at the Four Seasons Hotel, Mumbai...

20 april 2018

In Depth with Eira Thomas, New CEO of Lucara Diamond Corp.

Today

(thediamondloupe.com) - Eira Thomas was recently appointed as the new CEO of Lucara Diamond Corp., replacing William Lamb, who oversaw the successful creation of the world-class Karowe mine in Botswana. Thomas brings more than 25 years’ experience in the mining industry to Lucara, including 16 years with Aber Diamond Corporation (now Dominion Diamond), where she played an integral role as a geologist at its initial discovery and ultimately became Director of the Board. She was co-founder of Stornoway Diamond Corp., serving as CEO and then as Executive Chairman, leading the acquisition of the Renard diamond deposit. In 2007, she founded Lucara with Lukas Lundin and Catherine McLeod Seltzer. Eira Thomas most recently served as CEO of Kaminak Gold Corporation, which was acquired by Goldcorp in 2016 for $520 million. She is also a director of Suncor Energy. We caught up with her in Antwerp to talk about her new role as CEO of Lucara, and about Lucara’s acquisition of Clara Diamond Solutions, a digital sales platform for rough stones that promises to transform the way rough diamonds are transacted.

Trade war worries diamond industry

20 april 2018

(economictimes.indiatimes.com) - Escalation in the US-China trade war is emerging as a major concern for India’s diamond trade. The US, a major buyer of gems and jewellery from India and China, levies a 6 per cent duty on imports. While this has not been altered, the Trump administration’s decision to increase the tax on commodities like steel and aluminum has made global markets nervous. If Donald Trump decides to increase the duty on items such as gems and jewellery to check shipments from China, it will hurt India as well.

Paying the Price of Not Taking Control

19 april 2018

(ehudlaniado.com) - In the wake of the alleged scam by Nirav Modi and his uncle Mehul Choksi, a series of steps are being implemented in India, and none assume that the diamond industry is acting with integrity, transparency or reliability. Of course, most diamond trading companies in India and around the world adopt high-standard business practices, but all it takes is a few to act otherwise, and that there be a constant stream of these “few” for everybody to pay the price.

Can Diamonds Become New Safe-haven Alternative for Investment?

18 april 2018

(aawsat.com) - The Antwerp World Diamond Center in Belgium is surrounded with restricted security that makes it look like a fortress of guarded castle. The streets around it are closed with concrete barriers, and surveillance cameras are deployed everywhere to spot pedestrians’ movements. No one can enter this center without his identity card. According to Karen Rentmeesters, spokesperson to the Antwerp World Diamond Center, the reason behind these restricted security measures is simple, as diamonds worth $220 million pass daily by this building.

Another sightholder of De Beers caught in row

17 april 2018

(timesofindia.indiatimes.com) - Even before world’s largest diamond mining company De Beers can decide on the fate of its sightholder Gitanjali Gems — owned by Mehul Choksi — another company from Surat is caught in a controversy.

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