DelGatto launches first-ever ‘Online Finance Platform’ on IDEX Online

The DELGATTO Diamond Finance Fund (DDFF) launched the diamond industry's first ever online finance platform, on IDEX Online on 26 May 2020.

Today

Lucapa advances Lulo kimberlite exploration project

Lucapa Diamond is making progress on its kimberlite exploration programme in Angola, which seeks to identify the hard-rock sources of exceptional alluvial diamonds mined along the Cacuilo River at Lulo.

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WFDB launches digital campaign to promote Get Diamonds to retailers

The World Federation of Diamond Bourses (WFDB) is launching an international digital marketing campaign to introduce Get Diamonds to jewelry retailers.

Today

SA mines record 320 COVID-19 cases

South Africa’s mining industry has recorded 320 cases of Covid-19 as the industry prepares to operate at full capacity from June 1, according to media reports citing the Minerals Council.

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AGD DIAMONDS issues a report on development prospects for 2019 in line with GRI standards

AGD DIAMONDS has issued its second Sustainable Development Report for 2019 on May 26. The Sustainable Development Report for 2019 is a non-financial report of the Company.

Yesterday

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.