An alliance between a diamond producer and a diamond manufacturer in Russia is simply inevitable and necessary

What is a diamond manufacturer’s margin composed of? What is the profession of diamond processing engineer about? How much time does it take to become a diamond cutter? How does a polishing factory work? The Russian Cut, is it alive? Lightbox from De...

15 october 2018

High technologies make it possible to create a product that can be obtained in natural stones only for very big money

Andrey Zharkov, having left the position of President at diamond mining company Alrosa, has established and headed the Ultra C company, which will be engaged in the production of diamonds from the reactor. In this interview with industry news agency...

08 october 2018

The once unorganised domestic jewellery sector in India is now growing

A veteran businessman, former Chairman of Gem & Jewellery Council (GJC), Bullion Expert, a third-generation jeweller born with a silver spoon (or was it gold?) in his mouth, a perpetual optimist … yes, the list could go on. As the first...

01 october 2018

India is poised to become a major fine jewellery market in the near future - Pramod Agrawal, Chairman GJEPC

Pramod Kumar Agrawal, the current Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a successful entrepreneur in his own right. Despite belonging to a jewellery business family, with his father dealing in gemstones...

24 september 2018

Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Peregrine seeks security holders’ approval of De Beers deal

02 august 2018

Peregrine Diamonds has been granted an interim order from the Supreme Court of British Columbia, which paves way for the holding of a special meeting of its security holders to consider plans by De Beers to acquire the company for C$107 million ($81 million).
The special meeting would be held on August 31.
Peregrine, which owns the Chidliak diamond resource in Canada’s Nunavut Territory, said shareholders would be asked to approve a reduction in the capital of the common shares of the company.
It said its directors had unanimously recommended that security holders vote for the arrangement and that shareholders vote for the stated capital reduction.
De Beers said last month that the transaction would be executed via a plan of arrangement, which was set for September.
The Chidliak resource was discovered in 2008 and 74 kimberlite pipes had been identified at the project, including the CH-6 and CH-7 pipes, which are the current focus of the mine’s first phase diamond development programme.
The diamond development programme had a total inferred mineral resource in excess of 22 million carats.

Mathew Nyaungwa, Rough&Polished