Alrosa wants majority stake to mine diamonds in Zimbabwe – report

Russian diamond miner Alrosa, which will be assessing the quality of Zimbabwe’s diamond reserves over the next six months, wants a majority stake to mine diamonds in the southern African country, according to a news report.

Today

Diamond Fields auctions Namibian marine diamonds for $1.1 mn

Diamond Fields has sold 47,298.18 carats of rough diamonds from the ML111 licence offshore Namibia for $1.1 million.

Today

ALROSA price index has fallen by 2% in the last five months

ALROSA CEO Sergey Ivanov said that the price index for ALROSA rough diamonds fell by almost 2% over the past five months, FINMARKET.RU reported.

Yesterday

Debswana begins extension of Jwaneng to 2035

Debswana Diamond Company, a 50/50 joint venture between De Beers and the Botswana government, has commenced the Cut-9 project to extend the life of Jwaneng Mine to 2035.

Yesterday

India’s polished diamond exports down 3.5% in February

Exports of cut and polished diamonds from India dropped by 3.51% year-on-year during the month of February 2019, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Yesterday

Innovate or Die: Why the Industry Is Lagging

11 july 2018
(Rapaport) - In the heyday of “A Diamond Is Forever,” consumers responded strongly to slogans and instructive advertising. As social media has influenced a more interactive dialogue between businesses and their customers, that is no longer the case. Today, consumers respond to innovation. In an age of unprecedented creativity and development, the jewelry industry has been lagging behind. While sales in the US have grown in the past few years, the sector needs to innovate more to sustain — and improve — its share of consumer spending, according to Gina Drosos, CEO of Signet Jewelers.