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CIBJO President expressed support for De Beers plan to develop diamond traceability system

CIBJO President Gaetano Cavalieri has voiced the World Jewellery Confederation's support for a De Beers development project that employs blockchain technology, which was announced on December 4 by the group's CEO, Bruce Cleaver.

Today

IDE to unveil technology breakthrough initiatives at IDWI 2018

The Israel Diamond Exchange (IDE) has announced that it will unveil a series of groundbreaking initiatives that will have an important impact on the diamond industry in Israel and worldwide at the International Diamond Week in Israel (IDWI)...

Today

Chinese lab spots stone with CVD coating

A Chinese gemological laboratory has identified a well-concealed synthetic-diamond coating that bolstered the size of a small natural stone.While the lower part of the stone was a colorless, natural diamond, the upper section, including the crown and...

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Fancy yellow diamonds beat estimate price at Bonhams auction

Two separate lots of fancy vivid yellow diamonds that belonged to the Cullinan family were sold at a Bonhams auction for well above their expected price.

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De Beers’ Auction Sales ready to transition fixed forwards programme

De Beers said its Auction Sales business will transition fixed-price forward contracts to core business status, after the success of the pilot programme that was launched last January.

08 december 2017

De Beers suspends exploration budget

11 october 2017

(The Business Day) - De Beers, which will be down to a single mine in South Africa from 2020, has 54 exploration applications stuck with the Department of Mineral Resources, some for two years, and has suspended its R40m annual exploration budget in the country. The focus of De Beers Consolidated Mines (DBCM), the South African subsidiary of De Beers, the world’s largest producer of rough diamonds by value, is on bringing its $2bn Venetia mine into production and managing the transition from opencast mining to underground mining, minimising the anticipated dip in production at that time, said DBCM CEO Philip Barton. While De Beers has patiently pushed for the exploration licences to be approved having exhausted all its other exploration permits but it is now coming to a point where taking the Department of Mineral Resources to court is being considered as an option if talks with Mineral Resources Minister Mosebenzi Zwane yielded no progress, Barton said on the sidelines of the Joburg Indaba mining conference.

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