ALROSA elects new Supervisory Board

Annual General Meeting of ALROSA Shareholders elected the new Supervisory Board on Wednesday, June 26.

Today

Botswana courts Surat diamond manufacturers

Botswana, which is the second largest diamond producer in the world after Russia, has invited Surat diamond manufacturers to scout for business opportunities in the country.

Today

ALROSA to allocate 100% of free cash flow for second half-year of 2018 for dividends

Annual General Meeting of Shareholders of PJSC ALROSA decided to allocate 100% of free cash flow for the second half-year of 2018 for the period-end dividend – RUB 30.3 billion.

Yesterday

De Beers diamond sales continue to weaken

De Beers’ diamond sales continued on a downward trajectory as demand remains weak, while supply for smaller and cheaper stones, is high putting pressure on polished prices.

Yesterday

India’s cut and polished diamond exports down by 15.12% in May

India’s exports of cut and polished diamonds decreased by 15.12% year-on-year during the month of May 2019 according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Yesterday

Breakthrough in diamond exploration

Today

(jewellermagazine.com) - Scientists at the Diamond Research Group of the University of Alberta – which is partially funded by De Beers – have found that Canadian diamonds are formed in a very different way to other stones.

The 2018 Diamond Pipeline: Faking the Diamond Dream

Yesterday

(thediamondloupe.com) - An annual tradition, industry veterans Chaim Even-Zohar and Pranay Narvekar present the 2018 iteration of The Tacy Diamond Pipeline, with an in-depth look at the impact that the rise and acceptance of laboratory-grown diamonds has had on the industry this past year.

Forget GPS. The next navigation device is powered by quantum diamonds

25 june 2019

(sifted.eu) - What if you could use diamonds instead of GPS to navigate? It is a proposition that has all the elements of a James Bond thriller: quantum mechanics, high-tech gemstones and, yes, spies. Lockheed Martin, the US defence contractor and Europe’s Element Six, the synthetic diamond-producing arm of diamond company De Beers, are working on a navigation technology that would be perfect for covert operations because it is untrackable.

Las Vegas 2019: Guts without Glory

24 june 2019

(edahngolan.com) - When hit, we instinctively flinch. Close our eyes for a moment, crunch, and maybe turn sideways a little. But in a fight, that is the wrong thing to do. You’ll get hit, suffer and lose. Guts without glory. Every boxer knows that when a fist is heading in your direction, the smart thing to do is hit right back. It throws off your opponent, who is usually pretty open at that point, and this has a great psychological impact. In a fight, your goal is more than to remain standing. You want to win. No matter what, even of the cost is an occasional blow. To win, you may need to suffer some pain, so hit back, don’t stop attacking, don’t flinch. The diamond industry used to be a prize winner. It was young, feisty, fast, hungry, well financed, and had the ultimate sponsor. But at more than 100 years old, it’s a little tired, has less energy, bouncing back is tougher, the slower response time does not allow it  to hit back when a blow is sent in its direction. Is the diamond industry an aging fighter losing its stand? A few recent events, including the just concluded trade shows in Las Vegas, may provide an answer.

The Union State to flood the whole world with diamonds

21 june 2019

(scientificrussia.ru) - At the extended meeting of the Bureau of the Inter-Academy Council of the Russian Academy of Sciences (RAS) and the National Academy of Sciences of Belarus (NASB), the scientists of the Union State took the decision to develop a new Union programme for mining and processing of rough diamonds. This is not about the gems we used to see in rings and necklaces but about the polycrystalline diamonds used in the mining and processing industry. As academician Pyotr Vityaz, Chief of the Presidium Staff of the NASB, told, the world’s largest Popigai impact polycrystalline diamond deposit discovered back in the 1970s was declassified, with the reserves of 10 trillion carats (about 2 mn tons). By now, 162 bn carats reserves have been registered, which is 35 times more than those of all the inferred industrial kimberlite diamond reserves.

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