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13 Jun
ALROSA announced that it had earned $2.2 million from the tendered sale  in Israel of 62 polished diamonds weighing an aggregate 239.6 carats. The goods on offer consisted of 14 regular stones weighing a total of 108 carats, and 48 fancy coloured ones with a total weight of 131.6 carats. The tender, organised by the miner’s cutting and polishing arm, Diamonds ALROSA, saw the participation of firms from Israel, the US, Belgium, India, Hong Kong and Russia. Diamonds ALROSA Director Pavel Vinikhin commented, “There is a continued interest in large polished diamonds over 3 carats in the market. Our assortment mostly consists of such stones. In Israel, we presented polished diamonds of different colours and cuts. Despite the relatively weak market, the auction went well, and we are pleased...
13 Jun
GJEPC Chairman lights the traditional lamp at theinauguration of the silver jewellery buyer-sellermeet in Jaipur. With him are GJEPC RegionalChairman Nirmal Bardiya (centre) and GJEPC Silver Panel Convener Ram Babu Gupta.
A three-day silver and fashion jewellery buyer-seller meet organised by the Gem & Jewellery Export Promotion Council (GJEPC), kicked off in Jaipur yesterday. The event has 20 Indian silver jewellery manufacturers showcasing their product in one-on-one meetings with 39 buyers from some 11 countries. Inaugurating the event, GJEPC Chairman Pramod Agarwal observed, “Indian-made silver jewellery has gradually made a mark in international markets with remarkably good designs, bold use of diamonds and coloured gemstones that add more value.” With...
11 Jun
Sarine Technologies announced a list of diamond industry midstream stakeholders who are officially part of its Sarine Diamond Journey provenance tracking program. The company said more diamond firms would be added to the list in future after they had met the criteria for participation in the program. Sarine’s initial list consists of Andre Messika Diamonds, Ashwin Diamonds, C. Dinesh, Diarough, Finestar, H&A Cutting Works, Hope International, KGK, Moti Gantz Botswana, Rosy Blue, Schachter and Namdar Namibia (pty) Ltd., Shairu Gems, Star Rays and Venus Jewels. According to Sarine, the advantage of its system is is that it allows midstream players to source diamonds from a variety of mining firms without having to depend on the individual tracking programs of those firms. Sarine CEO...
11 Jun
Russian police uncovered a criminal ring that had stolen millions of dollars worth of diamonds over an extended period of time from the miner. The ring comprised a female employee of ALROSA who worked at the United Selling Organisation, the miner’s rough diamond sales arm, and two outside associates — one an intermediary and the other who sold the stolen goods.  Police apprehended the employee on Monday when she attempted to leave the premises of ALROSA with RUB 22 million ($340,000) worth of stolen diamonds on her person. Police raids at her home and the homes of her associates resulted in the recovery of over $2.5 million in cash and about $3 million in stolen diamonds, along with diamond-encrusted watches and jewellery. The mining company issued a statement saying, ”ALROSA completely...
10 Jun
ALROSA reported it had sold $261.1 million worth of rough diamonds in May, bringing the total of rough sold in the first five months of 2019 to $1.6 billion. The miner also said it had sold $5 million in polished diamonds in May, adding up to $24.1 million in polished sales during the January-May period. ALROSA United Selling Organisation Director Evgeny Agureev commented, “We see the market entering its seasonal slowdown phase. India's cutting and polishing sector is still facing a challenge of financing, which holds back the growth in demand for diamond products.” He added, "Retailer stock levels remain quite high but keep declining — this process will take some time. At the same time, we should note the activity of end consumers of jewellery products in the main markets. Meanwhile...
06 Jun
Signet Jewelers reported total sales of $1.43 billion for the first quarter of fiscal 2020 (13 weeks ended May 4, 2019), down 3.3 percent on a reported basis and down 2.6 percent on a constant currency basis. Free cash flow was $80.8 million, an increase of $79 million over the same quarter in the previous year. Total same store sales performance decreased 1.3 percent year-over-year. However, e-Commerce sales were $154.3 million, up 5.3 percent year over year. The company said e-Commerce sales accounted for 10.8 percent of sales, up from 9.9 percent of total sales in the prior year quarter. Brick and mortar same store sales declined 2 percent. The company’s guidance for fiscal 2020 is that total sales will be between $6- and $6.06 billion, with same store sales down between 1.5 and 2.5...
06 Jun
Coloured gemstone producer Gemfields announced a new brand partnership with Valani as well as collaborations with Misahara and Paul Morelli that feature Zambian emeralds, at the Couture show in Las Vegas. New York-based Valani produced jewellery featuring emeralds and rubies. Valani designer Heena Shah’s fascination with astronomical phenomena inspired the Andromeda collection, while floral and lace motifs engendered the Temps Perdu range. “Sourcing emeralds and rubies from Gemfields supports Valani Atelier’s mission of responsible sourcing and transparency in the jewellery industry,” Shah was quoted as saying.  Gemfields has collaborated with New York fine jewellery house Misahara to produce three one-of-a-kind new designs for Misahara’s bespoke Time collection. Lepa Galeb-Roskopp,...
05 Jun
ALROSA announced that its auction of ‘special size’ (larger than 10.8 carats) rough diamonds in New York realised a total of $8.8 million from the sale of 101 stones weighing an aggregate 1,550 carats. About companies from the US, Israel, India, Belgium, the UAE, Russia and Hong Kong took part in the auction. "Our auctions in the US keep bringing in new clients — especially companies from the US market. More than 20 participants in this auction were American companies,” commented ALROSA United Selling Organisation Director Evgeny Agureev. He added, “The assortment consisted of standard colour rough diamonds and most of them were sold at a good premium to their opening price. We are happy with the operational dynamics of our US platform.” ALROSA plans two more auctions in New York this...
04 Jun
Alluvial diamond mining at the Lulo project in Angola
The recently-concluded auction sale of run-of-mine alluvial diamonds weighing a cumulative 5,573 carats, from the Lulo project in Angola fetched an aggregate $10 million. The total translates to an average $1,800 per carat. The Lulo project is jointly run by the Angola’s state-owned Endiama and Australia-headquartered Lucapa Diamond Company. The project has turned up a significant number of high-value and very large diamonds, including one weighing 130 carats which is still being held in reserve by the joint-venture partners along with several other special stones, This is the second tender this year of rough diamonds from the Lulo project. The first, in February, realised $16.7 million from the sales of just...
03 Jun
Trans Atlantic Gem Sales (TAGS) announced it will be holding a rough diamond tender at the Dubai Diamond Exchange from June 12 to 19, once again featuring regular productions from South Africa and Angola. TAGS estimated the total value of the tender to be in excess of $30 million, but said a final figure would be forthcoming after final details from the producers were received. The company said the material on offer is all of high clarity and colour. The tender contains a significant number of large single stones and exceptional specials. It added that it is expecting in the region of 20,000 carats of South African goods and 10,000 carats of Angolan goods across a full range of sizes.
01 Jun
This year’s India Pavilion organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the JCK Las Vegas show, features a design gallery with jewellery specially designed for the US market. The product offerings, under the ‘Cosmos’ theme that reflects US consumer trends feature cosmic elements in designed into rings, pendants, earrings and bracelets. Speaking about this year’s pavilion — the 16th consecutive one at the JCK show — which features 40 Indian firms, GJEPC Chairman Pramod Agrawal said, “The US is a significant market for the Indian gem and jewellery industry. India exported $10.58 billion worth of gem and jewellery products to the US in 2018.” He elaborated, “The rising GDP growth, employment rate and private consumption expenditure in the US have contributed to...
01 Jun
Botswana President Mokgweetsi Masisi
Botswana President Mokgweetsi Masisi said diamond revenue had not only helped build infrastructure in his country, it had played an instrumental role in Botswana’s fight against HIV and AIDS in light of the threat posed to his nation following the epidemic’s outbreak. “We rolled out antiretroviral therapy nationally very successfully and we hit impressive targets in the prevention of mother to child transmission — up to 95 percent and beyond,” the President said in a keynote speech as he opened JCK Las Vegas 2019. He added, “Then, for the first time through medical intervention, we were beginning to birth children from HIV positive parents who themselves were HIV negative, thanks to diamonds.” The President went on to say, “...
01 Jun
The World Diamond Council (WDC) has announced the launch of a newly designed website, upgrading the level of support provided both to its own members and the diamond and jewellery industries in general. It also reports on the organisation's ongoing work within the Kimberley Process (KP), and its mission to protect the integrity of the diamond value chain. The new website is at the WDC's longtime internet address, www.worlddiamondcouncil.org. A key function of the new website is to support ongoing programs and projects being carried out by the WDC, including its Annual Meetings and participation in key KP events and programs. A newly added section focuses on the revised WDC System of Warranties, which was approved toward the end of 2018 and shortly will be augmented by online self...
01 Jun
Mahiar Borhanjoo
Mahiar Borhanjoo has been appointed CEO of the Israel-based DFL Group (Diamonds Finance Logistics), which is building an online diamond trading platform UNI.Diamonds. DFL said in a press release that its new platform will provide multiple suppliers and buyers with financing, online sales capacity and a comprehensive selection of polished diamonds, along with gemological, logistic and market-intelligence support. Borhanjoo was until recently Managing Director of Venus Jewel International. Prior to that, he was for six years, the Executive Director of Sales and Sightholder Services of the Diamond Trading Company (DTC), the rough diamond sales arm of the De Beers Group. “Mahiar is an exceptional business leader who has earned tremendous success...
31 May
Tracr, the diamond provenance platform being developed by De Beers in collaboration with the diamond industry, today launched the Tracr Community, an educational resource and collaboration space for all Tracr-related topics. The Tracr Community will enable industry participants to prepare for the Tracr Beta Platform, which will be launched over the summer. De Beers said that as the Tracr Community develops, it will also serve as a knowledge base for data standards, technical readiness and process best practices that will allow for seamless integration with the Tracr platform. It added that the Tracr’s Community launch is the signal to the diamond industry that the platform’s forming phase has ended. Now begins the migration to the Beta Platform which is the industry grade solution. As the...
31 May
A new digital campaign by the Platinum Guild International (PGI) India, focusses on awkward firsts in a new brides interactions with her in-laws and the resultant genesis of a relationship. PGI India said that for a bride, there are several moments of mixed emotions — happiness on one hand and awkwardness on the other. All these moments become beautiful first memories of her new life. The campaign picks up on some of these, like her first morning in the house after her marriage or the first time she is introduced as someone’s wife and not a girlfriend or even the moment when she is first helped out of an awkward situation by her mother-in-law. The fact that the bride doesn’t see these moments coming make them all the more memorable and become landmarks in her relationship with her new...
31 May
The Gemological Institute of America (GIA) has added natural coloured diamonds to the GIA Diamond Origin Report Service, which until now matched only faceted D-to-Z diamonds to their original rough to confirm the gem’s country of origin. “Reaction to the GIA Diamond Origin Report is very positive,” said Tom Moses, GIA executive vice president and chief laboratory and research officer. “There is strong interest in this program from miners, manufacturers and retailers. We are adding capacity for evaluating rough diamonds to meet the strong demand.” The GIA scientific matching process starts with the collection of physical measurements and other scientific data from natural rough diamonds. GIA then assigns a unique identification number to each rough stone. When polished diamonds with a...
30 May
Princess cut specialists H. Dipak & Co. have made a strategic investment in US-based lab-grown diamond firm ALTR Created Diamonds. The investment was made through H. Dipak’s start-up and strategic investment firm CoVentures, which invests in young brands in the fields of design, technology and retail. ALTR Created Diamonds President Amish Shad commented, “We are very pleased to announce this pivotal development. Our CoVentures alliance will exponentially enhance our penetration of markets all over the world, but most significantly in the Eurozone and the Asia Pacific regions. We will be able to leverage some significant synergies. Shah added, "They are experts in converting earth-mined rough diamonds into new categories of desirable jewellery and we are doing the same with ALTR...

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