Login

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...

Today

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.

Today

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.

Today

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.

Today

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...

Today

Diamond Industry’s Famous Hungry Crocodile Doesn't Cut It

21 april 2017
(bloomberg.com) - The diamond industry’s most famous chart is the hungry crocodile, the ancient reptile’s jaws wide open, reflecting both a predicted shortage of gems and the inevitable price rises that will come with it. Not only has this chart, which has been an industry staple for more than a decade and promoted by big miners like BHP Billiton Ltd., Rio Tinto Group and De Beers, never materialized, it oversimplifies the fact that the industry’s 15,000 different categories of diamonds are performing in very different ways. That divergent trend has accelerated in the past year. Recently, a mine producing lower quality stones was shut due to a dip in prices, while top producer De Beers has been forced to offer unprecedented concessions to its customers. Both events show the chart is less relevant today than ever before.

Comments

Only registered users can add comments (Register, Login)