Lukfook’s income increases on improved market sentiment

Hong Kong jeweller Lukfook Holdings (International) Ltd reported a 27.9 percent increase in net profit for the six months ended September 30, on the back of positive market sentiment and lower gold prices.

Today

A 24.31 carat diamond ring sold for £1,86 mn at Bonhams December sale

A magnificent step-cut diamond, weighing 24.31 carats, D colour, Internally Flawless and Type IIa, sold for £1,868,750 (US$2,387,105) ($98,194 per carat) at Bonhams London December Jewellery sale.

Today

Consumer interest in lab-grown diamonds grows – report

The synthetic dimond industry, which currently accounts for the production of 2 mn carats of gem-quality lab-grown diamonds, might substitute the sector of small natural diamonds as consumer interest in synthetics keeps growing, according to Bain & Company...

Yesterday

Lucapa’s Lulo diamonds set for inaugural international tender

Lucapa Diamond said diamonds from the Lulo mine in Angola, which it owns in partnership with Endiama and Rosas & Petalas, will feature in an historic inaugural international tender under the country’s new diamond marketing laws approved by president...

Yesterday

Petra Diamonds disposes of stake in Helam Mining

Petra Diamonds has sold its stake in Helam Mining to Lindleys Mining for a nominal consideration of R200 ($14.20) with immediate effect to support the South African government’s intention to prolong the lives of mines facing closure.

Yesterday

De Beers, Botswana to renew vows

04 december 2018
(The Patriot) - The longest and undoubtedly colossal business deal between Botswana Government and diamond selling giant, De Beers Group of companies, continues to flourish as the two parties start the re-negotiation of a new diamond sales agreement. The current sales agreement cemented in 2011 ends in 2021 and the two bodies are scheduled to start working on the terms for the new agreement soon. Speaking at the Diamond Conference, President Mokgweetsi Masisi enthusiastically highlighted that the two, Botswana Government and De Beers Group, will ‘renew their vows’. By this, the president was referring to the 10 year sales agreement that ends in two years.