The VIIIth Ecological Forum: clean business means clean air

Despite the fact that greenhouse gas emissions in Russia have halved over the past three decades, the country’s business and government authorities still have a lot of work to do within the National Ecology Project. This was stated during the plenary...

Yesterday

Lulo diamonds sell for $2.6mln

Lucapa Diamond’s 40%-owned Lulo alluvial mine in Angola, has sold 1,736 carats of diamonds for $2.6 million, representing an average price per carat of $1,530.

Yesterday

Firestone hires diesel generator units to keep mine's processing plant running

Firestone Diamonds said its Liqhobong mine, in Lesotho remains without sufficient power to operate the processing plant despite efforts over the past week to identify and to resolve the problem.

Yesterday

GJEPC hosts ‘India Diamond Week’ in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) organized the India Diamond Week from 15th to 17th October 2019, which is aimed at creating an annual trading platform to increase communication amongst diamantaire,  and promoting...

Yesterday

BlueRock achieves record quarterly grades at SA mine

BlueRock Diamonds, which owns the Kareevlei diamond mine, in South Africa has achieved a grade of 4.3 carats per hundred tonnes (cpht) in the third quarter, compared with a grade of 3.13 cpht in the third quarter of last year.

Yesterday

Hong Kong Show Reflects Slow Chinese Demand

30 september 2019
(diamonds.net) - The timing of the September Hong Kong Jewellery & Gem Fair was unfortunate, coming amid a wave of anti-government demonstrations in the city. But for many participants, the political tensions were masking the bigger issue: Chinese demand has slowed, compounding the wider problems in the diamond industry. The trade war, the depreciation of the Chinese yuan currency, and high gold prices have reduced the buying power of companies and consumers in the country, exhibitors noted at the fair. Trade customers are mostly unwilling to buy for stock or make advance bulk orders, as they want to keep their inventory down. Some Chinese jewelers believe they can get better deals if they wait for polished prices to fall further.