Industry News

December 29, 2017

Mastercard SpendingPulse reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent, with jewelry sales jumping by 5.9 percent largely driven by last-minute discounts.

It is the largest year-over-year increase since 2011 and a fur...

December 29, 2017

De Beers Canada intends to file a final closure and reclamation plan for its defunct Snap Lake diamond mine and an end to the care and maintenance program under which it has been operating for the past two years.

The miner has told the Mackenzie Valley Land and Water Bo...

December 29, 2017

ALROSA has formed a long-term client list for the new contract period of 2018-2020. The company’s long-term clients will take part in the first trading session on January 15 to 19 in the coming year. The complete list of clients will be published on ALROSA’s trading we...

December 29, 2017

Russia’s diamond miner ALROSA continues large-scale space monitoring of its mining facilities to ensure the safety of mining operations on the company’s licensed areas.
Recently, ALROSA completed the second stage of space surveying, which involves the industrial sites...

December 27, 2017

Auctioneers Christie’s and Sotheby’s (as usual) generated much excitement in the diamond trade in 2017, putting some of the more interesting and colorful diamonds under the hammer. As the Rapaport News team looks back on an eventful year, we’ve compiled a summary of th...

December 27, 2017

Undisclosed lab-grown diamonds got readers clicking in 2017. So did auctions, the GIA, and a carat-eating dog.

Global news followers will likely remember 2017 as the year of sexual-harassment claims, the fall of Robert Mugabe, and Donald Trump’s entry into power. But ma...

December 27, 2017

ALROSA is planning to hold 30 international auctions for the sale of special size natural rough diamonds over 10.8 carats next year.

Two auctions will be held in New York where ALROSA's trade office will resume its full-scale operation.

Five auctions will be held in the...

December 27, 2017

Lucapa Diamond Company will sell two D-color, type-IIa rough diamonds weighing 129 and 78 carats in early 2018, the miner announced. 

“The timing of this sale is designed to maximize sale proceeds by selling into a usually stronger-demand period at the beginning of th...

December 27, 2017

Renowned jeweler Laurence Graff has bought the 476-carat Meya Prosperity Diamond from Sierra Leone for $16.5 million. It is the second major rough diamond Graff has purchased from Sierra Leone this month, having previously purchased the 709-carat 'Peace Diamond' for $6...

December 27, 2017

Billionaire businessman and diamond investor Dan Gertler was among 13 people the Treasury Department’s Office of Foreign Assets Control (OFAC) named as serious human rights abusers and corrupt actors. 

The Treasury imposed sanctions on those individuals in an executiv...

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