Investor Sentiment in Diamond Mining Stocks Makes for a Contrarian Play

On ALROSA’s (MICEX: ALRS) Capital Markets Day on March 18th, the company said the most frequently asked questions it gets during 1-on-1 meetings with investors are those related to the impact that “synthetic” diamonds will have on the business...

Yesterday

Is this Botswana Diamonds’ eureka moment?

The now defunct African Diamonds (AFD) discovered the AK6 mine, in Botswana, which was acquired by Lucara Diamond in 2010 and renamed Karowe Mine. Karowe, which was fully commissioned in the second quarter of 2012, is one of the world’s foremost...

15 april 2019

Signet President Resigns, Company Closing 150 Stores

(jckonline.com) - Signet announced plans to close 150 more stores in its upcoming fiscal year, after it closed about 262 over this year. A statement added that any store openings will be “limited” and primarily in off-mall locations. By the end of the fiscal year 2020...

Today

Brazil disaster throws spotlight on tailings management

(safetowork.com.au) - Brazil experienced its worst ever environmental disaster with the collapse of Dam 1 at Vale’s Córrego de Feijão iron ore mine in Brumadinho, Minas Gerais in January. The collapse of the upstream-style dam led to the deaths of an estimated 300 people...

Yesterday

Angola's Kleptocracy Doesn't Merit U.S. Support

(realclearpolitics.com) - The U.S. sees Angola as an ally in Africa. Angola President Joao Lourenco has been given the benefit of the doubt that he will fulfill his promise to create a “new” Angola, despite its well-documented history of pervasive corruption. President Lourenco...

Yesterday

Zimbabwe yet to lift ownership restrictions on diamonds

Today

Zimbabwe needs time to assess the potential of the diamond industry before it lifts restrictions on diamond operations, a government official has said.

De Beers appoints new Forevermark CEO

Today

De Beers has appointed Nancy Liu as the new Forevermark chief executive, stepping up from her current role as chief operations officer.

AGD Diamonds celebrates 88 years since its foundation

Yesterday

On April 22, 1931, in Arkhangelsk the Northern Geological Prospecting Trust (SGT) was organized, the successor of which is AGD Diamonds.

Russian jewelry, precious metals and gemstones will be subject to marking in 2020

Yesterday

The Ministry of Finance of the Russian Federation proposes to make the marking of jewelry, precious metals and precious stones mandatory from January 1, 2020.

Imperial provenance emerald will be auctioned off at Christie’s, Geneva

Yesterday

Christie’s said that at its “Magnificent Jewelry’’ auction, which will be held on May 15, 2019, it will sell a historically significant emerald, the provenance of which can be traced back to Catherine the Great.

Vast Resources raises £600k as it focuses on Zim diamonds, Romania

Yesterday

Vast Resources has raised £600,000 before costs through a placing and subscription of 444,4 million ordinary shares to fund exploration and mining of diamonds in Zimbabwe, maintain Baita Plai mine in Romania and for general corporate purposes.

Ministry of Finance to hold auction of diamonds from the State Fund of the Russian Federation

Yesterday

The Ministry of Finance of the Russian Federation announced a public auction of polished diamonds from the State Fund of Russia.

Petra on a roll, recovers another big stone at Cullinan

19 april 2019

Petra Diamonds has recovered a 209.9 carat D colour Type II gem quality diamond at its Cullinan diamond mine, in South Africa.

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Yesterday

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019