Tango cancels services agreement for Angola diamond project

Tango Mining has terminated the services agreement for mining and marketing of diamonds with Cooperativa Mineira Do Moquita, SCRL in Angola.

Today

Botswana Diamonds renews prospecting licences in Kalahari

Botswana Diamonds’ subsidiary Sunland Minerals has renewed its prospecting licences located in the central Kalahari Desert, in Botswana.

Today

GSI conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds

Gemological Science International (GSI), one of the largest gemological organizations in the world, conducted a full review of Marks Jewelers’ inventory for undisclosed lab grown diamonds.

Today

Aircraft deal involving Murowa Diamonds goes sour – report

Murowa Diamonds has approached the Zimbabwean High Court seeking an order to compel a safari operator to deliver a 1978 Cessna 206G aircraft it acquired for $85,000 last year, according to local media reports.

Today

India’s Bunder diamond mines likely to be revived

The Bunder diamond project in Madhya Pradesh (MP), India with an estimated 34.20 million carat diamond deposits in Chhatarpur may be revived, according to a report in TOI.

Yesterday

Polished Diamond Price Index: Year Ends With Mixed Results

01 february 2019
(ehudlaniado.com) - Prices of smaller goods, below one carat, continued to rise in December after increasing in November, responding to rising demand in the consumer market. Larger goods, however, which suffered from price declines in November, experienced a long-awaited revival, rising 1-1.5% in December, according to the Mercury Diamond Global Tracker™ (MDGT™). The MDGT™ index averaged 109.45 in December 2018. Polished diamond price increases are a typical cyclical trend in November and December, as holiday season purchases drive demand. This year, as in the 2017 holiday season, consumers made their diamond jewelry purchases very late in the season. November was marked by limited demand, with a pick-up taking place only in the last two weeks of December. This past year, just like the holiday season, suffered from sputtering demand, extreme price sensitivity, and very focused demand for a relatively limited range of goods.