Platinum looks to the hydrogen future

The platinum investment portfolio lacks a strong technology push like the one experienced by palladium in 2015 due to ‘Dieselgate’. The scandal that revealed that gasoline engines were more environmentally friendly than diesel ones*, undermined the platinum's...

Today

Diamond industry of Angola

Diamond mining in Angola dates back to 1917 when a consortium of Belgian, English and Portuguese investors established Companhia de Diamantes de Angola, or Diamang. In 1961, a civil war broke out in Angola against the Portuguese colonialism. In 1975...

27 july 2020

De Beers looks to restructure as diamond sales plummet

(thenational.ae) - De Beers is considering ways to restructure mines, expand in jewellery and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralysed by the pandemic. The company founded by British imperialist...

Today

Deep Sea Diamonds

(idexonline.com) - "There's diamonds in them thar oceans." The original quote, "There's gold in them thar hills", heralded the 1848 Gold Rush and appears in Mark Twain's 1892 novel The American Claimant. I've taken the liberty of updating...

31 july 2020

Jilted by lockdown: Why marriage after global isolation is just what the diamond sector needs

(miningmx.com) - The wedding economy is estimated to be worth $300bn annually with a host of industries, from travel and hospitality to the garment sector, hanging on to its finely-tailored coattails. Perhaps no industry is more desirous, therefore, of sweet nuptials...

30 july 2020

Diamond production in Surat begins in a phased manner

Today

Diamond cutting units in Surat have been allowed greater flexibility to operate from 31 July Saturday on condition that they will adhere to a set of norms that include mandatory Covid-19 tests for traders and staff, as per media reports.

De Beers H1 revenue more than halves as Covid-19 continues to wreak havoc

Today

De Beers’ revenue dropped by 54% to $1.2 billion in the first half of 2020 compared with $2.6 billion, a year earlier, according to Anglo American.

Lucapa’s Lulo earns $3.7m from latest tender

Today

Lucapa Diamond has sold 2,625 carats from its 40%-owned Lulo alluvial diamond mine, in Angola for $3.7 million, representing an average price of $1,400 carat.

Just Diamonds offers unique software to retailers

Today

Just Diamonds, a Birmingham-based CMJ supplier of certified diamonds with unique buying software, has reported record results in its fourth year of trading driven by new customers, with turnover up 9.5 percent year-on-year in 2018/19.

WGC releases Global Gold Demand Trends for Q2 and H1 2020

Today

According to the World Gold Council’s Report released recently, the following are the highlights of the Gold Demand Trends for Q2 and H1 2020.

Christie’s NY sale of diamond necklace yields $6.3 million

31 july 2020

Christie’s New York July 29th auction of Magnificent Jewels totaled $28,142,500 with 87% sold by value and 83% sold by lot.

Gem Diamonds registers strong Letšeng H1 sales despite challenges

31 july 2020

Gem Diamonds raked in $74 million from 43 384 carats recovered at its Letšeng in Lesotho during the first half of the year compared to $87.6 million realised from 55 578 carats sold in the previous half.

Lithoquest Diamonds presents corporate update for new projects

31 july 2020

Lithoquest Diamonds Inc. (TSX-V:LDI) operating in Western Australia provided a corporate update on 30 July providing details about the company’s New Project Initiatives through a press note.

How Russkiye Samotsvety is coping with the current downturn

One of the key issues facing most Russian companies today is the need for an objective assessment of the new consumption decline due to the quarantine, as well as making forecasts for a way out of it. According to a RBC-Petersburg’s study made in June...

Today

Global rough diamond sales down 80-90% in value in Q2 –Zimnisky

The COVID-19 pandemic, which is spreading across the globe, having originated from China’s Wuhan has left diamond traders and buyers at sixes and sevens. Traditional diamond tenders were cancelled around March as governments imposed travel restrictions...

27 july 2020

Indian diamond and polishing industry requires forward integration - Dinesh Navadiya

Dinesh Navadiya is now the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India for the 3rd term. He is also the Director on the Board of the Gem & Jewellery Skill Council of India (GJSCI)...

20 july 2020

GJEPC will focus on demand generation for diamonds and jewellery in the next two years

Mr. Vipul P Shah, Vice Chairman, GJEPC and also CEO & Managing Director of Asian Star Co. Ltd. has a rich experience in the diamond industry. His business acumen and professional conduct have contributed significantly in transforming a diamond manufacturing...

13 july 2020

The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020