TAGS sells $20mn rough diamonds at tender in Dubai

Trans Atlantic Gem Sales (TAGS) sold $20.9 mn worth of rough diamonds during a tender it held in Dubai this month.

Today

Lithoquest completes first phase of drilling at North Kimberley

Lithoquest Diamonds said it has completed phase one of the 2018 drill programme at its wholly-owned North Kimberley Diamond Project, in Western Australia.

Today

Rio Tinto celebrates opening of new diamond pipe at Diavik

Rio Tinto celebrated on Aug 20, the opening of a fourth diamond pipe, known as A21, at the remote subarctic Diavik Diamond Mine in Canada.

Yesterday

XI IJA Conference to gather the leaders of jewellery sector in Moscow

XI International Jewellery Academy Conference (IJA), the biggest business event for the heads of jewellery companies, will be held on September 24 in Moscow at the "Kosmos" Concert Hall.

Yesterday

Lucara subsidiary collaborates with diamond technology developer

Lucara Diamond said its subsidiary Clara Diamond Solutions has inked a collaboration agreement with Sarine Technologies, a diamond industry technology developer.

Yesterday

Mercury Polished Diamond Prices: Signs That the Tide Has Turned

24 may 2018
(ehudlaniado.com) - Polished diamond prices increased across the board in April, indicating that the polished market is strengthening. The rise follows weak prices in March and marks a return to the trend of rising polished diamond prices that started in December 2017. The Mercury Diamond Global Tracker™ (MDGT™) averaged 114.94 in April, up 0.2% over March. Year-over-year, polished diamond prices are still low, down 1.9% compared to April 2017. The Mercury Index rose 0.28% in January and 0.08% in February, but declined 0.2% in March. Prior to that, the Mercury Index mainly declined for several years. Polished diamond prices peaked in April 2014, when the index reached 142.3. Since July 2014, the index has exhibited a steady decline with a few notable respites in the 44-month period. The rise in prices is noteworthy, and not only because it is important for the midstream of the diamond pipeline to finally have some relief. Price increases in three out of four months is already a trend. The decline in March in this context even makes sense. Traders had certain sales expectations early in the month due to the trade fair in Hong Kong. When they did not materialize as expected, the reaction of price decreases was normal. However, the forces that are pushing up prices are steady and were present in March as well.