Analytics
Natural diamonds vs synthetic: The limits of compromise
The ecological potential of synthetic diamonds, which is so often talked about, turns out to be not so unambiguous. The slogan "A diamond is forever", invented in 1947 by De Beers, is no longer a mantra for modern women. What was unthinkable...
20 march 2023
“Programme 7” and polished diamond generic marketing
According to the Belgian Ministry of Economy, in January 2023, Belgium imported €132 million worth of Russian rough diamonds, which was higher than the €97 million in January 20221. But it was in January 2023 that Belgian Prime Minister Alexander De...
13 march 2023
Expert reports
Will LVMH Try to Take Over Richemont (Or Cartier)?
(jckonline.com) - Swiss newspaper Finanz und Wirtschaft reported there were “whispers” that LVMH wanted to acquire rival conglomerate Richemont—and had its sights particularly set on Richemont star performer Cartier. The story was pretty vague on its sourcing, and some...
Yesterday
Diamond Importers Might Have to Declare Russian Origin
(rapaport.com) - G7 countries could oblige companies to affirm that their imported polished diamonds are not of Russian provenance, according to the US’s top sanctions official. Leaders of the bloc will meet at a summit in mid-May and are looking to have a plan in place...
23 march 2023
Hong Kong Fairs: More Show Than Dough
(rapaport.com) - The recent exhibitions saw strong footfall, but buyers’ price expectations made sales difficult. The diamond and jewelry industry returned with enthusiasm to the March Hong Kong shows, the first major international fairs in the municipality since the...
23 march 2023
News
State visit highlights the successful partnership between the Antwerp diamond sector and South Africa
Yesterday
From the 22nd until the 27th of March, his and her Majesty, the King and Queen of Belgium, are on an official visit to the Republic of South Africa to emphasize the strong bilateral relations between both countries.
Gemfields boosts revenue in 2022 despite macroeconomic pressures
Yesterday
Gemfields achieved record revenues of $341.1 million in 2022, up 32% compared to $257,7 million in 2021, mainly from the sale of rough emeralds and rubies.
Gem Diamonds fails to find a buyer for Ghaghoo mine, faces closure
Yesterday
Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused on its Lesotho operations, is now considering a final closure of the Botswana operation.
Japan's sales growth of platinum jewellery narrows to 0.5% YoY in Q4
Yesterday
Overall Japan's household spending in November 2022 fell 1.2% from the previous year in inflation-adjusted real terms, marking the first drop in six months. General retail sales in Japan rose 3.8% in December 2022 compared to a year earlier, exceeding forecasts for 3% growth and following a 2.5% gain in November.
Galileo delineates 1.5km long gold anomaly at Zim project
Yesterday
Galileo Resources delineated a 1.5km long gold anomaly following a wide-spaced soil sampling along the northern part of the Bembeshi Trend at its Bulawayo Gold Project in Zimbabwe.
Diamond education inadequate at mid-tier retailers, Mystery shopping research reveals
Yesterday
CXG, a global leader in consumer insights, performed research across national and regional retailers to uncover how natural diamonds (NDs) and laboratory-grown diamonds (LGDs) are presented in retail settings. The study analyzed how the store environment, merchandising, and interactions with the Sales Advisors contribute to the customer’s education, experience, and confidence to purchase.
Mountain Province diamonds announced 2022 full year results
23 march 2023
Mountain Province Diamonds Inc. announced its financial and operating results for the full year ended December 31, 2022. 5, 519, 309 carats recovered during FY 2022 at an average grade of 1.782 carats per tonne, 12% lower than the comparable period (FY 2021: 6,229,042 at 2.02 carats per tonne).
Caracal finds new high-grade zone in Kenya
23 march 2023
Caracal Gold has discovered a new high-grade zone above the current underground workings and the areas drilled as part of the Mineral Resource Estimate (MRE) on the Kilimapesa Hill deposit. The East African gold producer already controls over 1,300,000oz of JORC-compliant gold resources.
Exclusive
“In the jewellery art, we express our feelings, emotions and share them with others”
Over 30 years, the MOISEIKIN company based in the Ural area has become a famous jewellery brand. The jewellery and souvenirs of this jewellery house made of precious and semi- precious stones and metals are displayed at museums and in private collections...
20 march 2023
Automatic double upgrade of diamonds is not only a questionable practice but could be systemic fraud – Meeus
HRD Antwerp is under investigation by Belgian authorities following allegations that for every Gemological Institute of America (GIA) stone, which entered their lab for certification an automatic upgrade would be given two colours up and one...
13 march 2023
"At House of Ashish Vijay, diamonds and coloured gemstones will only ever mean stones that carry a storied legacy"
Ashish Vijay, a Dubai-based investor, philanthropist, entrepreneur and businessman with decades of experience in the precious gemstone and luxury jewellery industry, finance and investments sectors, set up his business in Dubai in the year 2013. As the...
06 march 2023
KP should remodel its enforcement, accountability mechanisms if it wants to remain relevant - Fula-Ngenge
The African Diamond Council (ADC) is calling on the Kimberley Process (KP) to remodel its enforcement and accountability mechanisms if it wants to remain relevant and effective. ADC chairperson M’zée Fula-Ngenge told Rough&Polished’s...
27 february 2023
Why ODC is taking longer to sell the polished Okavango blue diamond?
Okavango Diamond Company (ODC), a rough diamond marketing company that is wholly owned by the Botswana government, took an extraordinary decision to polish the 20.46-carat Okavango blue diamond recovered at Debswana’s Orapa Mine in 2018. It was...
20 february 2023
