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

Hong Kong jewellery fair – the world’s largest – robbed of sparkle by protests, US-China trade war, reports drop in turnout

07 october 2019

(yahoo.com) - The Hong Kong Jewellery & Gem Fair, the world’s largest jewellery fair, might have attracted half its usual number of visitors and buyers of diamonds, as well as fewer exhibitors, who brought half their usual offering to the event, in a climate blighted by poor sales, the US-China trade war and the Hong Kong protests, according to a regular attendee. The fair was held on September 16-22. “This year, overall activity at the exhibition was lower than usual. Among the large industry players, few did not participate. But those who arrived, brought in 40 per cent to 50 per cent less products than usual,” Evgeny Agureev, director of sales at Mirny, East Siberia-based state-backed company Alrosa said in an interview. “According to our observation, the number of visitors to the exhibition and buyers of diamonds was half the usual,” he said, adding that attendance was hit by an unfavourable environment for the diamond industry, the protracted US-China trade war and the anti-government protests in Hong Kong.