Industry News

January 29, 2018

The Sociedade Mineira de Catoca (Catoca) mining company in Angola intends to mine 7 million carats of diamonds next year, said Russian CEO Sergei Amelin.

In November this year, the company announced it expected to mine 8 million carats of diamonds by the end of the yea...

January 29, 2018

De Beers reported a five percent rise in rough diamond production for the fourth quarter of 2017 to 8.1 million carats, reflecting stronger trading conditions as well as the contribution from the ramp-up of the Gahcho Kué mine in Canada.

In Botswana, production increase...

January 29, 2018

The Supervisory Board of ALROSA has decided to support Russian large polished diamond manufacturers to boost their competitiveness. Now they will be granted first priority to select stones by quality, as well as pay off 75% of diamond prices by instalment, RBC reports....

January 29, 2018

Alrosa sold more diamonds than it mined in 2017, even as production grew.

The Russian miner reported sales volume of 41.2 million carats for the year, up 3% from the amount it reported for 2016. Meanwhile, output rose 6% year on year to 39.6 million carats, the compan...

January 29, 2018

Russian diamond giant ALROSA has announced plans to open an office in India to monitor the local market, tagging Jim Vimadalal, who previously worked at Indian offices of Rio Tinto and Swarovski, as Director of ALROSA's representative office in Mumbai.

The represe...

January 29, 2018

Dealers gaining confidence, with firm prices and steady demand expected in 1Q. Far East orders slowing as jewelers complete Chinese New Year preparations. Shortages supporting prices. Robust rough market during De Beers sight as cutters increase production. Fewer indep...

January 25, 2018

A global miner hoping to revive the Kimberley diamond industry has made a significant discovery, only 50km east of the old Ellendale mine that once produced half the world's rare fancy yellow diamonds, writes ABC Australia.

Only a few weeks after Lucapa Diamond Co...

January 25, 2018

De Beers Group and parent company Anglo American announced rough diamond production for Q4 2017 increased five percent to 8.1 million carats from 7.7 million carats, bringing their annual production to 33.4 million carats, a 22% increase over 2016 (27.3m ct). They say...

January 25, 2018

Attendance was strong at the January edition of VicenzaOro, spurring confidence that Italy’s gold-jewelry exports would improve in 2018. 

Rising production and consumption of gold jewelry signaled a favorable outlook for the sector, said Lorenzo Cagnoni, president of...

January 25, 2018

IMPACT, previously known as Partnership Africa Canada (PAC), has left the Kimberley Process because it is giving consumers “false confidence” about where their stones come from, according to a news report. 


“There’s no meaningful assurance that a diamond is conflict fr...

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