Chris Del Gatto: “We provide capital to smart companies”

Chris Del Gatto, CEO & Co-Founder of DELGATTO Diamond Finance Fund L.P., a New York-based non-bank lender to the diamond and jewelry industry, started his career as a diamond cutter when he was just 17. In his early 20’s, Chris went on to co-found a...

26 october 2020

Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

GJEPC to organise the first Diamond Studded Jewellery Virtual Buyer-Seller Meet

Today

The Gem & Jewellery Export Promotion Council of India (GJEPC) will organise the Diamond Studded Jewellery VBSM from 25 – 28 November 2020. Buyers are expected from the UK, the USA, Europe, Australia, New Zealand and Russia, according to the press release from the Council.

LVMH and Tiffany discuss reducing price of deal

Today

LVMH and Tiffany Co. are in discussions to reduce the price of the French luxury giant’s contested deal to buy the U.S. jeweler. Tiffany is seeking around $132 a share as a compromise price. It would also likely want a guarantee that LVMH wouldn’t back out of any revised deal after the Louis Vuitton owner said in September it couldn’t complete the acquisition because of a French government request.

Belgium approved a new law, guaranteeing basic banking services for companies

Yesterday

The Federal Parliament of Belgium approved a new law, guaranteeing basic banking services for all Belgian companies. The law will come into effect 6 months after publication in the Belgian Official Gazette, AWDC reported.

India’s polished diamond export dips 20% in September; rough import up by 16%

Yesterday

India’s cut and polished diamond exports declined 19.60 per cent registering $ 1564 mn during Sept 2020 as against $ 1946 mn exported in Sept 2019, according to provisional data released by the Gem & Jewellery Export Promotion Council of India.

Recovering global diamond industry to propel Botswana economic growth in 2021

Yesterday

Botswana's economy will recover and grow by 7.7% in 2021 from the projected 8.9% contraction this year as the global diamond industry bounces back, according to news reports citing the finance minister.

Angola's accession to the EITI with support from the organization

Yesterday

The Extractive Industry Transparency Initiative (EITI) addressed a letter to Angola's Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, where expresses its satisfaction that Angola has announced its intention to become a country implementing the initiative.

Rio Tinto lines up tender of Australian, Canadian diamonds

27 october 2020

Rio Tinto says a selection of rough diamonds from its Argyle mine, in Australia and the Diavik mine, in Canada will be tendered to diamond specialists in October and November.

WDC holds its 2020 Annual General Meeting

27 october 2020

The members of the World Diamond Council (WDC) held their Annual General Meeting on October 19, 2020 by way of a videoconference.

ZCDC resumes rough diamond sales as it struggles to pay workers

27 october 2020

The Zimbabwe Consolidated Diamond Company (ZCDC) has resumed rough diamond sales following interruptions caused by global travel restrictions to curb the spread of the coronavirus.

ALROSA extends long-term supply contracts with its clients

27 october 2020

To support its clients amid the persisting market uncertainty, ALROSA has decided to extend the existing long-term rough diamond supply contracts through the end of Q1 2021.

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