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Severalmaz recovers first 10 million carats of diamonds at Lomonosov deposit

A diamond weighing 30 carats which was found in early 2017 at the Arkhangelskaya kimberlite pipe was the last piece to bring Severalmaz diamond production to ten million carats from its Lomonosov deposit.

Yesterday

Laurelton Diamonds holding the viewings of its Polished Tender in New York and Antwerp

Laurelton Diamonds is holding the viewings of its next Tender of Polished Diamonds at the Laurelton Diamonds offices in New York, USA and Antwerp, Belgium, AWDC reported.

Yesterday

DPA to increase its annual budget to $60 million

The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, according to Rapaport, which cites Bloomberg report.

Yesterday

De Beers to pilot fixed-price forward contracts

De Beers said that its auction sales business will start piloting fixed-price forward contracts, which will provide a “highly effective” supply sourcing option for small and medium sized enterprises seeking access to regular rough diamond supply at a...

Yesterday

Rockwell posts C$5,5 mln net loss in Q3, targets return to profitability

Rockwell Diamonds has recorded a C$5.5-million net loss for the third quarter ended November 30, 2016 compared to C$10.5 million net loss for the previous quarter due to litigation and the suspension of mining operations in South Africa.

Yesterday

A New Diamond Industry

10 january 2017
(paulzimnisky.com) - From the diamond industry's over-speculation on new consumer demand in China and India, to the resulting financial consequences and pressure on the industry to be more transparent, to shifts in generational consumer and cultural demand, and the advancement of lab-diamond production technology, the esoteric diamond industry has never been more interesting to observe and challenging to predict. The future of the diamond industry hangs on the follow-through of structural changes that have been prompted by the challenges faced and the opportunities presented above. In recent years three primary forces have been shaping a new diamond industry: 1) a new operating discipline, 2) a new generation of consumers, and 3) new technology. All of these forces impact all of the segments of the diamond industry, from mine to retailer.

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