Angolan diamond cooperatives resume exploration

Angola has allowed 16 diamond exploration cooperatives to resume their operations that were halted last September during the country’s "Operation Transparency", according to local news reports.

Yesterday

Petra Diamonds may take 5-10 years to clear Cullinan debt – report

Petra Diamonds, which acquired the Cullinan mine from De Beers in 2008, said it will take between five and 10 years from the opening of the new section to clear the debts related to the South African mine.

Yesterday

No need for gemologists at DTC Botswana, Okavango Diamond – official

Botswana does not need gemologists at Diamond Trading Company Botswana (DTCB) or Okavango Diamond Company (ODC) as they are not involved in polishing and cutting of diamonds, a government official has said.    

Yesterday

GJEPC presents The Artisan Jewellery Design Awards 2019

The Gem&Jewellery Export Promotion Council (GJEPC) presented The Artisan Jewellery Design Awards 2019 powered by GIA (Gemological Institute of America) and co-partnered by the DPA (Diamond Producers Association) on Feb 13, the...

Yesterday

‘Qatar Show’ embraces evolution and growth for the 2019 edition

Organisers of the Qatar Show have announced the 16th edition of the exhibition, which will be held between 20 and 25 February at the Doha Exhibition and Convention Center (DECC).

Yesterday

Kay, Zales, and Jared are hurting after sluggish holiday sales — and it may be the latest sign that millennials are turning the diamond business upside down

Yesterday

(businessinsider.com) - Diamonds aren't necessarily millennials' best friends. At the very least, the jewelry-shopping habits of young people are a world away from that of their parents' precious-gem preferences. And that may be part of the reason it was a rough holiday season for the jewelry retailers Kay, Zales, and Jared.

Huge Diamonds Capture Headlines But Don't Fill Clients' Demands

14 february 2019

(idexonline.com) - It would be interesting to witness the reactions of senior De Beers' management past and present when news is announced of a major diamond find at a mine that it sold off at some point in the past. The thought occurred to me this week after Gem Diamonds said it had found a 125-carat rough stone at the Letseng mine in the mountains of land-locked Lesotho. In an extraordinary run of finds, the stone was the 15th rough diamond weighing more than 100 carats that Gem Diamonds found in 2018.

Rolex rumoured to be considering buying Patek Philippe

13 february 2019

(usa.watchpro.com) - At the risk of propagating fake news based on nothing more than gossip at SIHH, WatchPro cannot resist sharing the gossip that a well-placed Swiss banking analyst thinks that Patek Philippe is up for sale. The industry has had 24 hours to come up with concrete evidence of the news since Bloomberg broke the story, but the only additional speculation that seems to be gaining currency is that the best buyer for Patek Philippe would be Rolex. Whether it is this reasonably obvious suitability for a marriage that has seen Rolex inserted into the story (which may be groundless in the first place), or whether it has any basis in truth is pure speculation.

Recession threat has retailers thinking twice about big decisions

12 february 2019

(cnbc.com) - What does the U.S. economy have in store for retailers in 2019? For many, it looks to be a waiting game. Businesses are waiting for economic data and holiday-quarter earnings to come out before they make decisions on how much and where to invest. They're waiting to see if the economy is slipping into a recession. Waiting to see if global trade tensions rise or ease. And waiting to see if consumers pull back on discretionary spending should their tax refunds shrink. And while these companies wait, some are seemingly holding off on big investments.

De Beers to spend R30m on diamond exploration this year

11 february 2019

(miningweekly.com) - De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a number of South African provinces.

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