Industry News

August 31, 2017

ALROSA is planning to invite an auditor experienced in work at underground diamond mining facilities with similar hydro geological conditions to carry out an independent analysis of the causes of the accident at the Mir mine where eight men died.

The proposal was sugges...

August 31, 2017

ALROSA reported a weaker financial performance in H1 2017 from a year before due to an 18 percent ruble appreciation against the US dollar and a 15 percent drop in the average price of the diamonds sold as a result of changes in the diamond mix.

The company’s revenue in...

August 31, 2017

DIAMONDS ALROSA will auction its own polished diamonds during the Hong Kong Jewellery & Gem Fair next month.

The first auction will take place from September 13-17, featuring large colorless diamonds, as well as certified fancy colored diamonds, including yellow, green,...

August 31, 2017

A step-cut, 16.90-carat, D-color, internally flawless diamond ring with a pre-sale estimate of $1.6 million to $2.2 million will lead Bonhams’ fine jewelry sale in New York on September 19.

The type-IIa diamond, set with round, brilliant-cut diamond shoulders, “embodi...

August 31, 2017

Polished market cautious as dealers prepare for Hong Kong show. Chinese buyers expected to test the market with offers at high discounts. Rising liquidity concerns following est. $100M default by Indian manufacturer InterJewel. Rough trading slow during De Beers sight,...

August 29, 2017

De Beers Group has announced it will invest more than $140 million in marketing this year – its biggest such spend since 2008.

The increased investment will be focused on generating further consumer demand for diamond jewelry in the leading markets globally, with the gr...

August 29, 2017

The Indian Commodity Exchange (ICEX), a screen-based online derivatives exchange for commodities, went live on August 28. 

ICEX commenced operations with the launch of Diamond Futures, which will be the world’s first futures exchange in diamonds. It is intended to...

August 29, 2017

Sarine Technologies has announced it is, "expanding its services, adding 4Cs grading and diamond identification to its Sarine Profile Report."

Using proprietary tools including its automated clarity, color, cut and light performance grading technologies along with adva...

August 29, 2017

Leave it to Botswana Diamonds' managing director James Campbell to find a groundbreaking approach to diamond exploration.

Dylan Slater of Mining Weekly Online writes, "Three obscure kimberlites in the Free State, near the origin of the South African diamond rush of the...

August 29, 2017

BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in South Africa, said it sold 400.06 carats at a tender this month, achieving an average price of $330 per carat. 
 

The company said a parcel of the diamonds produced and included in the August's sal...

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