Why ALROSA should not go in for synthetic diamonds

Not so long ago, speaking at the Russia – Africa Summit held in Sochi, Yury Trutnev, Deputy Prime Minister and Plenipotentiary Presidential Envoy to the Far Eastern Federal District suggested that ALROSA should possibly get engaged in the production...

11 november 2019

“Regulatory guillotine” for precious stones can be “nipped in the bud”?

The rigidity of Russian laws is mitigated by the non-bindingness of their observance - N. E. Saltykov-Shchedrin (1826-1889). Some people believe, referring to P. A. Vyazemsky (1792-1878), that the idea in the epigraph was expressed earlier...

05 november 2019

Tiffany asks LVMH to raise its $14.5 billion offer: sources

(reuters.com) - Tiffany & Co (TIF.N) has asked Bulgari owner LVMH (LVMH.PA) to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said in early November. Tiffany’s...

Today

De Beers Outlines Vision for New Diamond Market

(jckonline.com) - At a forum in New York City on October 28, 2019, De Beers executives spelled out their vision for the diamond industry of the future, one that is more responsive to changing societal mores and consumer desires. The presentation was built around the release...

Yesterday

It's Been a Terrible Week for Diamond Miners

(bloomberg.com) - While the world’s biggest diamond miner surprised the market by cutting prices last week, a slew of filings from its smaller rivals show the move was inevitable. While De Beers is a price maker in the supply of rough diamonds, dictating what its customers...

12 november 2019

De Beers offers buyers flexibility – again

Yesterday

De Beers continued offering flexibility to its diamond buyers at the just ended ninth sales cycle of the year as midstream trading conditions are still in the process of rebalancing.

TAGS’ rough diamond tender in November ends successfully

Yesterday

With the Indian Diwali holidays now behind us, most Indian factories will reopen from 15th November 2019.

Botswana Diamonds recovers first diamonds within two weeks of getting Marsfontein permit

Yesterday

Botswana Diamonds has recovered the first diamonds from plant commissioning activities on the Marsfontein mining permit, in South Africa.

Richemont announces unaudited consolidated results for 6 months ending 30 September 2019

Yesterday

According to the company, sales increased by 9% at actual exchange rates to € 7,397 million and by 6% at constant exchange rates.

Power interruptions crippling ZCDC operations

Yesterday

Constant power interruptions being experienced in Zimbabwe is crippling the operations of the state-owned diamond company, according to a government official.

Update from Israel: Israel Diamond Exchange affected by rocket threat

12 november 2019

The Israel Diamond Exchange (IDE) in Ramat Gan has advised people not to come to the Exchange, following recommendations from the IDF Home Front Command.

Rosy Blue Alliance to enter LGDs sector from Surat

12 november 2019

Dilip Mehta, Chairman of Rosy Blue Alliance, an Indian-Belgian company, has announced his family's independent venture into lab-grown diamonds from Surat.

India gold demand down 32% for Q3 2019

12 november 2019

Demand for gold in India for Q3 2019 was at 123.9 tonnes down by 32% as compared to overall Q3 demand for 2018 which recorded 183.2 tonnes. India’s Q3 2019 gold demand value was $4130 down by 18% as compared to Q3 2018 valued $7528.47.

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019