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De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

Yesterday

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

Yesterday

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

Yesterday

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

Yesterday

DTCB plans to sort and value non-De Beers stones

Diamond Trading Company Botswana (DTCB) is looking into the possibility of taking diamonds from non-De Beers mines for sorting and valuing, Weekendpost quoted DTCB Managing Director Tobake Kobedi as saying.

Yesterday

Diamond Portraits – Tolkowsky Family

06 december 2017

(ehudlaniado.com) - The Tolkowsky name is legendary in the diamond business, and synonymous with expertise and precision. The firm bearing its founder’s name is still active today, run by the seventh generation of this illustrious family. Over the years, various family ancestors have been responsible for major breakthroughs and innovations in the craft, and have been a part of cutting some of the most important diamonds in the world. The Tolkowsky dynasty began in the early 1800s with Abraham Tolkowsky, who was a talented diamond and precious gem cutter and dealer. He was well connected, and became a recognized diamond dealer to European nobility. He moved his family from Bialystok, Poland to Antwerp to work in what had already become the center of diamond trade in Europe at that time. Several of his nine children would work with him in the family business. His sons Samuel and Maurice would establish themselves as professional diamond cutters, and would eventually carry on the family’s growing legacy.

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