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

Lab-Grown Line Won’t Hurt Low-End Goods, De Beers Says

06 august 2018
(jckonline.com) - De Beers doesn’t feel its new Lightbox lab-grown diamond line will hurt the market for the inexpensive diamonds commonly used in fashion jewelry, CEO Bruce Cleaver (pictured) tells JCK. “I have heard that talk, largely out of India,” Cleaver says. “My view is, a large percentage of small goods go into all sorts of products, like watches. I don’t really see a one carat blue or pink really competing with melee. I see it competing with moissanite and lower-value ruby and emerald. So I don’t think there is a cannibalization there.” Of course, Lightbox, which will sell its first jewelry pieces online in September, will offer whites as well, but Cleaver believes consumers will gravitate to the blues and pinks.