Gemfair signs MOU to advance ASM standards in West Africa

De Beers’ GemFair has signed a Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and the Mano River Union (MRU) to enhance practices the artisanal and small-scale diamond mining (ASM)...

Today

Fura concludes ruby transaction in Mozambique

Fura Gems has completed the acquisition of interests in two ruby licences/concessions in Mozambique securing a 70% interest in one mining licence and 80% in the other by way of buying shares.

Today

Angola seizes 462 diamonds in Lunda-Norte under ‘Operation Transparency’

Angola seized 462 diamonds under ‘Operation Transparency’ in the last two months, in Lunda-Norte Province, according to the state media.

Yesterday

Jewellery & Gem WORLD Hong Kong 2020 moved to November 9-13

Jewellery & Gem WORLD Hong Kong (JGW), organised by Informa Markets – Jewellery, has been rescheduled for November 9 to 13, 2020 at the AsiaWorld-Expo (AWE).

Yesterday

Namibian police nab three men with six rough diamonds

Three men were last week arrested by the Namibian police after they were allegedly found in possession of six rough diamonds in Windhoek, according to the local media.

Yesterday

De Beers Sales Drop in Weak Rough Market

18 october 2019
(diamonds.net) - De Beers’ sales slumped to $295 million in September as the miner continued to allow sightholders to refuse goods in the prevailing weak rough-diamond market. The company maintained firm prices and offered increased flexibility to encourage lower purchases, thereby reducing the oversupply in the polished sector, sightholders explained to Rapaport News. It continued its policy of allowing clients to reject 50% of their allocations. It also expanded its buyback program by enabling customers to sell back to De Beers up to 30% of goods in the 2- to 10-carat rough categories, and 20% of the smaller items that constitute the majority of its supply.