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Sarine Technologies releases new version of its rough planning software

Sarine has announced the release of AdvisorTM 7.0, the latest version of its industry-leading rough planning software tool.

Today

Firestone Diamonds ups production guidance to 360 000 ct

Firestone Diamonds said it is expecting to recover about 360,000 carats in the financial year ending 30 June 2017, against April's guidance of 300,000 carats at its Liqhobong diamond mine in Lesotho.

Today

BrilliAnt 2018 to be highlight of Antwerp Diamond Year

BrilliAnt - the 9th ADTF is to be held January 28-30, 2018, AWDC announced.

Today

Golden Saint recovers 14 diamonds from Sierra Leone’s Tongo licence

Golden Saint has recovered 14 diamonds, weighing a total of 10.46 ct, from its Tongo licence, in Sierra Leone, following bulk sampling operations last week. The stones, it said in an operational update, ranged from 0.25 to 2.15 carats per stone.

Today

Angola’s Endiama surpasses 2016 diamond output target

Angola’s state-owned diamond mining company Endiama produced 9.21 million carats of diamonds last year, exceeding a target of 9 million carats set by the ministry of planning and territorial development.

23 june 2017

A Trip Through the Diamond Industry in March 2017

17 march 2017
(paulzimnisky.com) - As the diamond industry marks its foray into 2017, Q1 demand for rough has been stronger relative to Q4 2016 and also relative to a year ago. Christmas season 2016, albeit mediocre, and a strong 2017 Chinese New year has driven seasonal restocking demand, and most, but not all, Indian cutters have begun to show signs of recovery after the initial shock of the demonetization last year. Last year, most miners liquidated excess rough inventories which they accumulated in 2015, and have since ramped-up production into 2017, resuming more normal pre-indigestion output levels of three years ago. Demand growth this year is likely to come from a post-election U.S. market where employment is stable and the stock market is at an all-time-high, driving positive sentiment that should translate into discretionary spending. The U.S. is the largest diamond jewelry market in the world representing 45% of global demand. China, the world’s second largest jewelry market, at 16% of global demand, should be driven by continued government stimulus and an ever-expanding middle-class consumer. India, representing 8% of the market, should show improvement year-over-year as domestic demand for jewelry returns as the demonetization impact is digested, especially in the second half of the year.

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