Login

IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

Today

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

Lulo pockets $3.8m in first diamonds sale for 2017 – Lucapa

17 february 2017
Lucapa Diamond said it sold a parcel of 2,946 carats of Lulo diamonds from Angola for $3.8 million to mark its first sale for the year.
The diamond miner, which owns Lulo together with Endiama and Rosas & Petalas, said the stones sold achieved an average price of $1,276 per carat.
“The sale comprised diamond recoveries up to 31 December 2016, which included a 75 carat diamond that was recovered in November and a 55 carat diamond recovered in December,” company managing director Stephen Wetherall said in a note.
He said the diamonds sold by Lulo alluvial diamond mining company Sociedade Mineira Do Lulo through the Angola government’s SODIAM, were the first to be cleaned by the new diamond deep boiling facility installed at Lulo last December.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

Comments

Only registered users can add comments (Register, Login)