RBC: Sergey Ivanov will step down as head of ALROSA

Sergey Ivanov, who has headed the world's largest diamond mining company ALROSA since March 2017, has decided to resign before the expiration of his employment contract. RBC was told this by a source close to the top manager and the news was confirmed...

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ALROSA presented to analysts the vision of the investment diamonds market of the Russian Federation

ALROSA presented to analysts of investment banks and financial companies its vision of the prospects of the Russian diamond investment market and the annual issue of a report on this topic.

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Mountain Province Diamonds completed phase one drilling for the Hearne Northwest extension discovery at Gahcho Kué Mine

Mountain Province Diamonds Inc. has provided phase one drilling results for the discovery of the Hearne Northwest Extension at Gahcho Kué Mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué Mine, which is presently ranked...

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Petra sees a low risk of further breaches at the Williamson mine

There is a low risk of further breaches of the tailings storage facility (TSF) or a breach of the New Alamasi water dam at the Williamson Mine in Tanzania, a Petra Diamonds assessment team has concluded. The wall breach took place on 7 November...

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Rio Tinto’s rare yellow and pink diamonds showcased in symbolic ring

A yellow and pink diamond ring showcasing the finest gems from Rio Tinto’s diamond mines has been unveiled in Sydney.

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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.