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Hydrogeological situation at Mir diamond mine put under stricter monitoring

Currently, the main task is to ensure the safety of miners and rescuers on the mine’s level of -210 meters, where search works are carried on. To this end, ALROSA specialists monitor the water level in the quarry and in the underground mine every two...

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Curb on small-scale mining to weaken Ghana's diamond, gold output – report

A move by Ghana to curb small-scale mining, which is causing damage to the environment, will this year cause a low diamond and gold output.

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Rapaport Magazine undergoes a comprehensive redesign

In its 40th year, the iconic Rapaport Magazine, the primary source of diamond pricing and jewelry market information is relaunching after undergoing a comprehensive redesign.

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Zim’s diamond cutting, polishing sector struggling

Zimbabwe’s diamond cutting and polishing sector is reportedly “struggling” to make ends meet as they are not getting enough supplies of rough stones.

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India bans export of gold jewellery, medallion and coins above 22 cts

In an amendment in the Foreign Trade Policy-2015-20, the Government of India has banned the export of Gold Jewellery (plain and studded), Medallions & Coins of above 22k from DTA and Export Oriented Unit (EOU) Scheme, Electronics Hardware...

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A Fake Jerome and real diamonds?

17 february 2017
(polishedprices.com) - Mining Weekly reports that the Diamond Producers Association is lobbying for its advertising fund to be raised tenfold from $6 million to $60 million. The article refers to the fact that overtime De Beers had cut its marketing budget in half to $100 million before effectively stopping generic advertising, all one of the disastrous consequences of their Supplier of Choice strategy in 2001. My understanding is that De Beers no longer owns the ‘Diamonds are Forever’ slogan, which they transferred into De Beers LV or the jewellery business, instead we have got the Coke muse, about ‘Real’… who wants dreams to be real? In the FT it has been reported that Sotheby’s is suing to reclaim the proceeds of the sale for a painting of Saint Jerome that has subsequently proved to be a fraud. Lastly, I read this headline in Vogue, “This is your new source for conflict free ethical (and gorgeous) engagement rings”. It does not take a genius to guess that they are referring to Lab grown diamonds, or as the trade likes to use the pejorative term, synthetic diamonds. To me these three bits of news or information, which I presume bypass the fashion for fake information, though it is difficult to comprehend how anyone thinks raising advertising spend to $60 million, given the absence of coordinated generic advertising for so long, can make much difference.

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