Analytics
Diamond industry of Botswana, its current state and prospects
Botswana has a rich source of rough diamonds. The country’s diamond reserves reach about 340 million carats, while its resources (including reserves) exceed 905 million carats. The country is consistently among the world’s three largest diamond...
15 october 2018
Pink Legacy goes on tour like Lesedi, but will it sparkle at the Geneva auction?
A fancy vivid pink diamond weighing 18.96 carats, which was once part of the Oppenheimer collection, is set to go on a tour ahead of the Geneva auction on 13 November.
08 october 2018
Expert reports
Mercury Polished Diamond Prices: Prices Fall in September
(ehudlaniado.com) - Polished diamond prices declined sharply in September, eroding all the gains made during the year. The Mercury Diamond Global Tracker™ averaged 111.74 in September 2018, down 1.85% over August. This is the deepest monthly price decline since May...
Today
Analysts predict a big holiday quarter for Apple Watch, affecting the entire jewelry industry
(9to5mac.com) - As several reports have suggested, Apple Watch is eating into the traditional watch business. Now, analysts are predicting that demand for the Apple Watch this holiday season will eat at sales in the already-slowing traditional watch industry. As noted...
Yesterday
Government Supportive Of Indian G&J Industry But National Needs Come First
(idexonline.com) - The Indian government's decision to raise the import duty on cut and polished diamonds, semi-processed stones, half cut or broken diamonds and lab-grown stones and processed colored gemstones to 7.5 percent from 5 percent was exactly the type of...
15 october 2018
News
De Beers rough sales slide again
Today
Anglo American said the value of rough diamonds sold by De Beers dropped to $475 million during the eighth cycle of 2018 compared to $503 million recorded in the seventh cycle.
Rio Tinto’s diamond production dips in Q3 2018
Today
Rio Tinto has announced that production in its Argyle Mines (100%) and Diavik Mine (60%) have dipped during the third quarter of 2018. Argyle witnessed a 19% dip in carat production y-o-y.
GJEPC Jaipur hosts exporter interaction with bank and customs officials
Yesterday
The Jaipur regional office of The Gem & Jewellery Export Promotion Council (GJEPC) hosted an "Industry Interaction with Banks" on Friday, October 12 as part of its event series ‘The Dialogue - A New Beginning’, says a report in gjepc.org.
Angola denies abusing illegal foreign diamond miners
Yesterday
Angola has refuted reports that its security forces failed to observe human rights when they conducted an operation to drive out foreign illegal artisanal diamond miners in the Lunda Norte province bordering the Democratic Republic of Congo.
Gem Diamonds recovers 357 ct light brown stone from Letšeng
Yesterday
Gem Diamonds said it has recovered a 357 carat light brown ‘high quality’ diamond from its 75 percent-owned Letšeng mine in Lesotho.
GIA-India conducts education seminars for gem & jewellery industry members
Yesterday
GIA India organised more than 20 education seminars for various associations during August and September across India to protect consumers and help ensure public trust in gems and jewellery, says a press note from the organization.
Petra Diamonds to focus on value over higher carat volume
15 october 2018
Petra Diamonds said it is moving its focus away from higher carat volume production targets to value optimisation, which helps it maximise profitability and returns for shareholders.
Stornoway rakes in $24.7 mln from Q3 diamond sales
15 october 2018
Stornoway Diamonds said it sold 184,620 carats in two tender sales for gross proceeds of $24.7 million, representing an average price of $134 per carat.
Exclusive
An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary
What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...
15 october 2018
High technologies make it possible to create a product that can be obtained in natural stones only for very big money
Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...
08 october 2018
The once unorganised domestic jewellery sector in India is now growing
A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...
01 october 2018
India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC
Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...
24 september 2018
Color diamonds are more valuable and desirable and a better investment
In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...
17 september 2018
