Russia’s Ministry of Natural Resources and Environment warns of a possible shortage of diamonds in the country

The Ministry of Natural Resources and Environment of the Russian Federation notifies of a future shortage of diamonds in the country and plans to make up for it by mining diamonds in Karelia, Dmitry Kobylkin, the head of the ministry said.

14 december 2018

De Beers to partially lift its source-disclosure ban – report

De Beers is set to relax its source-disclosure restrictions for diamond buyers known as sightholders as calls for transparency grow to a crescendo, according to Rapaport News.

14 december 2018

AGD Diamonds commissioned yet another facility to improve ecology at the Grib mine

In mid-December, AGD Diamonds’ Mining and Processing Unit at the Grib diamond mine launched a car wash to clean rock haulers and auxiliary mining equipment, the company’s press service said.

14 december 2018

Trans Hex returns to profitability

Trans Hex, which has operations in Angola and South Africa, said it recorded a net profit of R52-million ($3.7 million) for the six months ended September 30, compared to a loss of R199-million ($14 million), a year earlier.

14 december 2018

India’s polished diamond exports down by 12% in November

Polished diamond exports dipped by 12.06% as compared to the same month in 2017, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.

14 december 2018

Not for the faint-hearted: Ira Savoie loves the lively challenge of jewelry appraising

04 july 2018
(southernjewelrynews.com) - For the past 17 years, Ira Savoie has been appraising jewelry of all sorts for the people of New Orleans and beyond. Sometimes, it’s business as usual at his appraisals-while-you-wait studio; other times things get animated as he delivers an unwelcome truth. With over 40 years of experience in jewelry, including an impressive retail career, Ira stays busy seven days a week at Savoie Fine Jewelry Appraisers. He is one of only 20 independent certified gemologist appraisers with the American Gem Society and the only AGS independent certified gemologist appraiser in Louisiana. He is a graduate gemologist with the Gemological Institute of America, a senior member of the National Association of Jewelry Appraisers, and past president of Jewelers of Louisiana.