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SA’s Vutomi project can start production end of 2018 – John Teeling

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which...

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Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery...

19 june 2017

Global demand for polished diamonds will remain steady – Ali Pastorini

Ali Pastorini, senior vice-president of the World Jewelry Hub, answered questions from Rough & Polished concerning the world diamond market, preferences of consumers and role of bank crediting.

13 june 2017

Eternal values in Malaya Bronnaya Street

The assay supervision in Russia is 317 years old. Much younger is the Moscow Gemological Certification Centre (MGCC) established under the Assay Chamber and located in the same ancient respectable mansion at 18, Malaya Bronnaya Street. The MGCC employees’...

05 june 2017

Diamonds will have the greatest potential in 2017

Mumbai-based Rajesh Bhagat, India Consultant of Hong Kong Trade Development Council (HKTDC) who oversees HKTDC’s operations across India, Sri Lanka and Bangladesh, has been assisting companies, particularly small and medium enterprises (SMEs) in the...

29 may 2017

US polished trade slows in February

20 april 2017
US polished diamond imports slid 15% to $1.49 billion in February, according to government data.
By volume, polished imports fell 18% to 635,000 carats, with the average price increasing 3% to $2,345 per carat, figures showed.
Polished exports dropped 11% to $1.75 billion. Net polished imports — the difference between inbound and outbound shipments — stood at negative $257 million, compared with negative $214 million last year, as exports once again exceeded imports in February.
During the month, exports to Hong Kong stood at $633.1 million compared with imports of $62.4 million, dragging down the net figure.
Total rough imports to the US went up 14% to $50 million, while rough exports leapt 37% to $31 million, leaving net rough imports 10% lower at $20 million.
The US net diamond account for the month, calculated as total rough and polished imports minus total exports, stood at negative $237 million compared with negative $192 million a year earlier.
During the first two months of the year, polished imports fell 14% to $3.25 billion, while polished exports decreased 13% to $2.99 billion, meaning net polished imports fell 24% to $261 million.
Rough imports, however, soared 90% to $170 million, and rough exports increased 78% to $86 million, resulting in net rough imports more than doubling to $84 million from $41 million a year ago.
The US net diamond account for January and February, meanwhile, dipped 10% to $345 million.

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