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“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 2017

Polished diamond prices remain flat in June

14 july 2017
Polished diamond prices remained flat in June 2017, says IDEX Online in its latest analysis of polished diamond prices.
IDEX reported, that in June global polished diamond prices increased just by 0.05% over May. Compared to June 2016, the average price has shown a 4.9% decrease.
Since the middle of last year, polished diamond prices have shown a decline, with the index being “at its lowest point for four years”, according to IDEX. Since January 2013 to date, there has been a 10.1% decline.
Over the long term, 4-ct stones have shown the most price volatility, while 3-carat diamonds have displayed the steepest year-over-year decline since mid-2015. In addition, from December 2015, there has been relative price stability in 1-ct, 1.5-ct and 2-ct stones.
As for the near future, IDEX Online sees a slowing down. According to major diamond trading centres, activity is stable.
Reports from the JCK Show in Las Vegas, as well as June Hong Kong Gems and Jewellery Fair, indicate that foot traffic was lower than in previous years, but buyers were more serious. However, buyers said that rough diamonds were too high which did not help them to make profits.

Aruna Gaitonde, Editor-in Chief of Asian Bureau, Rough & Polished

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