ALROSA appoints a new Transformation Director of the Polishing Division

ALROSA has appointed Dmitry Amelkin to the post of a Transformation Director of its united Polishing Division.

Today

GJEPC’s Chairman announces $ 2.74 mln to PM-CARES Fund

In a statement, the Chairman of the Gem & Jewellery Export Promotion Council of India, Pramod Kumar Agrawal has announced the contribution of $ 2.74 mln to the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund on behalf...

Today

Christie’s jewellery auctions rescheduled

Christie’s Magnificent Jewels sales are postponed due to the spread of the new coronavirus.

Yesterday

Pandora hires new Chief Commercial Officer

Pandora invited Martino Pessina to join the company as Chief Commercial Officer.

31 march 2020

COVID-19: De Beers suspends March sight, permits 100% deferrals

De Beers has canceled its third sight of the year, which was set to commence today until Friday this week, due to the COVID-19 coronavirus pandemic.

30 march 2020

The Impact of COVID-19 on the Diamond Industry

Today

(paulzimnisky.com) - In mid-January the diamond industry was first directly impacted by the coronavirus labeled COVID-19 when quarantine measures were taken in China to control the viral outbreak including the temporary closure of shopping centers. An estimated 75% of jewelry stores in Mainland China, and the surrounding regions encompassing Greater China, were shut for an estimated 40-50 days through the first week of March. In addition, the measures taken in China halted diamond trade and other industry-related B2B (business-to-business) activity in industry important regional trade hubs. Global industry conclave, the Hong Kong International Diamond, Gem & Pearl Show, and related shows, were postponed from March until May.

Anglo American hints anxiety in talks such as ‘Renewal of Vows with Botswana’

Yesterday

(weekendpost.co.bw) - President Mokgweetsi Masisi has coined the De Beers 50/50 partnership with Botswana Government as a “marriage” and at the last Diamond Conference he spoke of “renewal of vows” referring to talks between the two parties. The Botswana-De Beers diamond sales deal was renewed into a 10 year union in 2010, it lapses this year in September. However there is a widespread concern that ever since the ongoing talks began, the talks have been taking place in secrecy in Gaborone and London boardrooms. But a lot of public curiosity is about the two parties publicly appearing to be diplomatic about their negotiations and promoting an unbreakable five decade bond. Owner of De Beers, Anglo American, has recently indirectly released a hint red flagging on how dicey it is for the company to be in a business partnership with governments, like the deal with Botswana through their subsidiary. In its recently released annual financial report and notice of AGM, Anglo American hinted that in a deal with Botswana through De Beers there could be, “uncertainty over future business conditions leads to a lack of confidence in making investment decisions, which can influence future financial performance.” Anglo American wanted to highlight “principal risks” that come with the company’s business and political and regulatory concerns were in the basket, with a worry that a deal with government may bring unexpected and uncalculated future changes.

Geologists find lost fragment of ancient continent in Canada’s North

31 march 2020

(science.ubc.ca) - Sifting through diamond exploration samples from Baffin Island, Canadian scientists have identified a new remnant of the North Atlantic craton—an ancient part of Earth's continental crust. A chance discovery by geologists poring over diamond exploration samples has led to a major scientific payoff.

Message from Ronnie VanderLinden, President of International Diamond Manufacturers Association

30 march 2020

Dear IDMA Member and Industry Colleagues! Some of you may have seen this message before. But I was asked to post it, with some adaptations, once again. Our industry, along with the rest of the world, is in crisis mode. Words cannot describe the global impact of the COVID-19 pandemic. Amid the turmoil around us, our membership must stay informed, remain encouraged, and have confidence that this crisis will pass. Naturally, we all worry about our businesses. We were surprised and dismayed, at the very least, by the recent actions of the Rapaport Group (RG).  It is once again claiming - if not preaching to this industry -  that the RG , and the RG alone, knows what is in the best interests of the industry that collectively owns the billions of dollars of diamond inventory listed and traded on the RG's various industry platforms.

Diamond mines’ production, virus safeguards ongoing

27 march 2020

(nnsl.com) - The territory’s three diamond mines are implementing precautions to guard against the spread of COVID-19 but were still operating as usual in mid-March. De Beers, which runs the Gahcho Kue mine has started a rostering system at its Calgary operational support centre where half of its staff work in the office and half from home, said spokesperson Terry Kruger. Dominion Diamond Mines has implemented several safety measures while production is ongoing at its Ekati site. Non-essential work travel for employees is restricted and visitors to Ekati and the corporate offices are also restricted, a company spokesperson told NNSL Media. Safeguards related to Rio Tinto’s Diavik mine remain in place as the mine still functions at full capacity, a spokesperson said. The company has asked all employees to re-assess their need for travel and non-essential travel has been postponed in some regions.

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