Rio Tinto’s Argyle mine to close in Q4 2020

Rio Tinto’s iconic Argyle mine in remote Western Australia and world’s biggest global source of high-quality pink diamonds will close in the fourth quarter this year.

Today

ASEAN Gems & Jewellery Presidents’ Summit scheduled for 3 March

The 9th ASEAN Gems & Jewelry Presidents’ Summit 2020 is scheduled for March 3, 2020, at the Hong Kong Convention & Exhibition Centre.

Today

CTF acquires coloured gemstone jewellery retailer Enzo

Chow Tai Fook Jewellery Group of China recently acquired the entire equity interests in Enzo Jewelry Inc, enriching the Group’s multi-brand portfolio to meet today’s ever-changing customer expectations.

Today

Rio Tinto’s diamond production down 8 per cent in Q4

In its latest announcement of its Q4 and full-year production figures for 2019, Rio Tinto said that the Q4 diamond production of 2019 at both the Argyle and Diavik mines recorded 8 per cent decrease over that of 2018 production.

Yesterday

De Beers mulls key changes to way it sells diamonds – report

Global diamond giant, De Beers is believed to be considering significant changes to the way it sells diamonds following a terrible year for the companies that cut, polish and trade the gems.

Yesterday

Is the sparkle fading?

09 september 2019
(mumbaimirror.indiatimes.com) - According to data compiled by The Gem and Jewellery Export Promotion Council (GJEPC), India’s exports of polished diamonds between April and July dropped to $6.7 billion (a little over Rs 48,012 Crore) as compared to $8 billion (over Rs 57,328 Crore) during the same period last year. Macroeconomic uncertainty, the impact of the US-China trade war, low consumer confidence and large inventories of polished stones, are just some of the challenges before the industry. It’s also been grappling with the threat of diamonds produced by chemical vapour deposition (CVD). And while Paul Rowley, De Beers Group’s EVP — diamond trading and distribution, acknowledges that these and other challenges will make for a bumpy road ahead, he remains optimistic about the industry’s long-term prospects.