Exploration may reveal Arkhangelsk Province has huge diamond potential

Only exploration performed in the Arkhangelsk Province can confirm the inferred diamond reserves and help discover new promising deposits. This was stated by Viktor Ikonnikov, Deputy Chairman of the Arkhangelsk Province Government for Project Activities...


De Beers’ Forevermark targets Belgium

De Beers diamond brand, Forevermark will launch in five jewellery stores in Belgium through a partnership with Gautam Diamonds.


Antwerp’s Rough Diamond Exports Jump in Nov., Polished Malaise Continues

Antwerp’s rough-diamond trade put a weak October performance in the rear-view mirror in November, as the volume of rough exports in particular rose sharply despite another decline in the average price per carat.


Wenhao Yu appointed Deputy Chairman of Sotheby’s- Jewellery, Asia

Sotheby’s recently appointed Wenhao Yu as new deputy chairman, responsible for driving and further developing the auction house’s jewellery business across Asia.


Petra resumes SA operations after crippling power cuts

Petra Diamonds resumed its mining operations in South Africa on Tuesday as the power utility, Eskom downgraded the load shedding status from Stage 6 to Stage 4.


Rapaport Sees Opportunity for Dealers Amid Turmoil

02 december 2019

(diamonds.net) - In 2100, the diamond industry will look vastly different from its current makeup, Martin Rapaport assured diamantaires at the recent Antwerp Rough Diamond Days event. Most notably, it will be less influenced by the mining companies as demand dynamics increasingly impact the market, the chairman of the Rapaport Group noted. “Market power is shifting from supply to demand,” Rapaport explained at the November 21 event, which coincided with the Antwerpsche Diamantkring bourse’s 90th anniversary. “In the next 90 years, diamond-mining companies will not have market power. They probably won’t even exist, as diamond mining will be very limited.” When rough supplies are reduced, and eventually eliminated from the open market, recycled diamonds, gems and jewelry will emerge as the primary source of supply, with elderly consumers selling and young ones buying. That will result in a more profitable diamond and jewelry trade, as “unconstrained free-market supply becomes available from motivated sellers,” Rapaport continued.