Penetration of synthetics and melee crisis

News about the development of the industry producing synthetic rough diamonds and manufacturing synthetic polished diamonds has been dominating the stream of information for several years. But with every coming year, the danger of replacing natural stones...

18 february 2019

Don’t Give Up on the Diamond Industry Just Yet

If diamond miner equities are a proxy, the sentiment surrounding the diamond industry is currently at historic low levels. Just in the last two years, a basket of diamond producer stocks was down 28.9% in 2018, following a decline of 17.3% in...

11 february 2019

Duffy to be supported by “seasoned miners”, says Petra’s Dippenaar as makes final bow

(miningmx.com) - Outgoing Petra Diamonds CEO, Johan Dippenaar, who will leave the company at the end of March after more than 12 years in the job, has no immediate plans other than spending time with his family, he said in an interview on Monday. Duffy, who was most...

Yesterday

Signet Jewelers Fined $11M Over In-Store Credit Cards

(nationaljeweler.com) - Signet Jewelers has agreed to pay $11 million in fines after its in-store credit practices caught the eye of regulatory agencies, though the jewelry giant has not admitted to any wrongdoing. Sterling Jewelers, the unit comprised of Kay Jewelers and Jared...

21 february 2019

How Will China’s New Online Video Censorship Affect Luxury Brands?

(jingdaily.com) - It’s difficult enough for foreign brands to produce successful marketing campaigns in China – there’s a long list of brands that have stumbled and/or caused offense in the country. Now, with the Chinese government’s new guidelines for censoring short...

20 february 2019

Another diamond auction held by Russia’s Ministry of Finance added $3.5 million to the country’s treasury

Yesterday

The Ministry of Finance of the Russian Federation held another auction for the sale of natural diamonds weighing up to 10.8 carats from the State Fund of Russia on Wednesday, as a result of which the country’s treasury raked in $3,542,092.62.

AGD Diamonds celebrated 23 years since discovery of Grib diamond deposit

Yesterday

Last Tuesday, AGD Diamonds, a Russian diamond company, celebrated 23 years since the discovery of the Grib diamond deposit, the fourth largest diamond deposit in Russia and the seventh in the world.

Over 5,000 cts for first Mothae run of mine sale in Antwerp – Lucapa

Yesterday

Lucapa Diamond, which has a 70 percent stake in Lesotho’s Mothae, said more than 5,000 carats will be placed under the hammer at its first run of mine sale in Antwerp.

HKTDC’s Twin Shows: World's largest jewellery marketplace opens next week

Yesterday

Two major jewellery shows organised by the Hong Kong Trade Development Council (HKTDC) will open next week.

FCRF: Fancy color prices will rise as supply wanes

Yesterday

One of the most overlooked facts concerning the diamond industry is that the world’s diamond mines are rapidly depleting. Within a quarter of a century the majority of the 45 most notable diamond mines operating today will cease to exist, and the last diamond will be unearthed in 60 years, says a new research published by the Fancy Color Research Foundation (FCRF).

Lucapa prioritises high-value diamond mines

Yesterday

Lucapa Diamond said it will prioritise production and cash generation from its two high-value diamond mines – Lulo alluvial mine, in Angola and the Mothae kimberlite mine, in Lesotho – to ensure shareholder value is maximised.

Russia’s Ministry of Finance sold diamonds from the State Fund for nearly $6.9 million

21 february 2019

(TASS) - Russia’s Ministry of Finance sold rough diamonds weighing up to 10.8 carats worth $6.9 million at a public tender held on February 19, 2019, the ministry said.

De Beers grows revenue to $6.1 bln as core earnings drop to $1,2 mln

21 february 2019

Anglo American said De Beers’ revenue leaped 4% to $6.1 billion in 2018 compared with $5.8 billion, a year earlier.

Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019