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22 Nov
Albert Milton (left) will take over from Balisi Bonyongo
Debswana Diamond Company, the joint venture equally owned by De Beers and the government of Botswana, announced that Managing Director Balisi Bonyongo will retire from the business with effect from November 30 following 26 years of service. Albert Milton, currently General Manager of Jwaneng Mine, will take over as Managing Director with effect from December 1. Bonyongo will stay on for three months as a consultant to ensure a smooth leadership transition. Incoming managing director Milton’s career with Debswana spans more than 25 years, during which he has gained extensive diamond and coal mining experience at both operational and strategic level. He holds of a Bachelor of Engineering (Hons) in Mining...
21 Nov
Some of the WDC contingent at the KP Plenary
While reiterating its support for the Kimberley Process Certification Scheme (KPCS) as the most effective means possible to end the trade in conflict diamonds, the World Diamond Council (WDC) expressed concern that more progress was not made in reforming its scope during the 2018 KP Plenary Meeting that ended on November 16, hosted by the European Union in Brussels.  Nonetheless, the WDC considered as positive the noting in the KP Plenary’s final communique of the submission by the Canadian government, of an expanded definition of conflict diamonds, which had been proposed by WDC and its fellow KP observer, the Civil Society Coalition (CSC), and expressed hope that the Kimberley Process participants will support the...
20 Nov
De Beers Group today announced it had provisionally sold $440 million in rough diamonds in its 9th sales cycle of 2018. The figure is an aggregation of Global Sightholder Sales and Auction Sales during the period. It compares with the $466 million sold in the 9th sales cycle of 2017. De Beers also said that its actual sales figures for this year’s 8th sales cycle now stand at $482 million. De Beers CEO Bruce Cleaver said, “As the industry’s focus turns towards the key end-of-year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after...
20 Nov
The Rio Tinto-owned Diavik diamond mine has been awarded the Northwest Territories (NWT) Mining and Exploration (MAX) special achievement award for the design, construction and operations of its dykes and its contribution as a joint venture partner to the Tibbitt-to-Contwoyto winter ice road.  The NWT MAX awards are a partnership between the NWT & Nunavut Chamber of Mines and the NWT government’s Department of Industry, Tourism and Investment. The awards recognise major contributions to the Northwest Territories’ minerals industry, the largest private sector contributor to its economy.  Diavik’s three award winning rock-fill dykes are an integral part of its life of mine plan enabling safe access to underwater deposits whilst keeping the pristine waters of Lac de Gras at bay. The most...
20 Nov
Coloured  gemstone producer Gemfields said that its higher quality emerald rough auction in Singapore, which ran from November 14 to 17, realised $28.4 million from the sale of 20 lots, including the 5,655-carat Inkalamu or ‘Lion’ emerald, which was found on October 2 at the Gemfields majority-owned Kagem mine in Zambia. The specific sale price of the Inkalamu emerald was not disclosed, but Gemfields said it was bought by Rajkumar and Rishabh Tongya of Dia-Color, who specialise in high-value gems. Gemfields said that in furthering its support of wildlife conservation, it is donating 10 percent of the proceeds from the sale of Inkalamu to its conservation partners, the Zambian Carnivore Programme and the Niassa Carnivore Project. The Inkalamu emerald will deploy fully customised Gübelin ‘...
15 Nov
The ‘Pink Legacy’, an 18.96-carat vivid pink was bought at the Christie’s Geneva jewellery sale for a record CHF 50.375 million ($50 million)  Swiss francs ($50 million) by Harry Winston, owned by the Swatch Group. Swatch CEO Nayla Hayek, daughter of the late Swatch founder Nicolas Hayek, promptly renamed it “The Winston Pink Legacy”, adding it to its collection of rare jewels, the auction house said. The stone joins the 101-carat D-flawless Winston Legacy that Harry Winston acquired in 2013. The internally flawless, rectangular cut diamond’s sale price translates to a world-record $2.6 million per carat. The Christie’s Geneva sale netted $110 million, with 86 percent of the lots being sold – 11 of them for more than $1 million, according to Christie’s luxury group Chairman Francois...
15 Nov
The 24.31-carat Internally Flawless diamond
A D colour Internally Flawless 24.31-carat step-cut diamond is set to go under the hammer at Bonhams London December Jewellery sale on December 5. Estimated at £1,300,000 - £1,800,000  ($1,700,000 - $2,300,000), the diamond is from a private collection and this is the first time it has come to auction. Bonhams UK Director of Jewellery Emily Barber said, “This diamond is a magnificent gem, not only due to its significant size – top-quality diamonds over 20 carats are very rare – but also due to its internally flawless clarity and its exceptional white colour. The diamond has also been designated as a Type IIa diamond – meaning it is considered chemically pure – and thus possesses exceptional transparency and optical...
14 Nov
ALROSA said it had sold 119 ‘special size’ (over 10.8 carats) gem-quality rough diamonds with the total weight of 1,890 carats, realising $10.3 million from its auction at its Vladivostok centre. Winning bids came from 26 companies from all over the world. Evgeny Agureev, Director of the United Selling Organisation (SO), ALROSA’s sales arm, commented that the company had held four auctions at its Vladivostok centre this year which had realised almost $55 million in aggregate. He said the results were very promising and ALROSA would develop Vladivostok auction further.
14 Nov
WDC President Stephane Fischler
The World Diamond Council (WDC) and the Civil Society Coalition (CSC) voiced their strong support for an expanded definition of conflict diamonds at the launch of the 2018 Plenary Session of the Kimberley Process (KP) in Brussels, Belgium. The proposal, put forward by the government of Canada, looks to strengthen the scope by expanding the KP’s official definition of what constitutes conflict diamonds. The proposed change would expand the scope beyond rough stones that finance wars against governments and supports the industry’s drive in protecting consumer confidence in diamonds and the value chain, as reflected by the System of Warranties (SoW) reforms recently launched by the WDC. The reforms require all industry participants to...
14 Nov
Anton Siluanov
Russian First Deputy Prime Minister and Minister of Finance Anton Siluanov was re-elected ALROSA supervisory board chairman in a correspondence vote on November 9. The board also elected Head of the Republic of Sakha (Yakutia) Aysen Nikolayev First Deputy Chairman, superseding Yegor Borisov, ex-Had of the Republic. ALROSA Chief Executive Officer Sergey Ivanov was re-elected Deputy Chairman. Russian Deputy Minister of Finance Alexey Moiseev again became head of the Strategic Planning Committee. The committee includes Aysen Nikolayev, Sergey Ivanov, Nikolay Alexandrov (First Deputy Head of the Suntarsky District), Evgeniya Grigorieva (Minister of Property and Land Relations), Kirill Dmitriev (Chief Executive Officer of the RDIF), Ilya Elizarov (...
14 Nov
The government of the Central African Republic (CAR) said it intends to look for partners to reform its artisanal mining sector, normalise its diamond trade and to combat illicit activities and smuggling. The government wants these partners to also engage in capacity building projects for the benefit of CAR’s youth. CAR Minister of Mines and Geology Leopold Mboli Fatran said, “From the CAR government’s side, tax incentives will be considered. By the end of 2018, it is the intention of the CAR Government to announce a new policy to ensure the return of responsible diamond mining to the country.” To allow this to happen in a transparent and responsible way, the CAR government said that at the same time, it asks the Kimberley Process family to approve the compliance of 9 additional zones in...
10 Nov
The Dubai Diamond Exchange (DDE), in collaboration with Stargems, today announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company), with over 2 million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the Dubai Diamond Exchange. Earlier this year, DMCC signed a strategic partnership with Stargems to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower. The six tenders offered clients the opportunity to bid for rough diamonds from Angola, the Democratic Republic of Congo and South Africa. More...
10 Nov
ALROSA announced it had sold $3.8 billion in rough diamonds in the ten months from January to October this year. It had also sold $83 million in polished during the period. The company said it had sold $233.9 million in rough diamonds along with $8.9 million in polished in October alone. ALROSA said the ten-month sales figure represented a 6 percent growth in a year-on-year comparison with the same period in 2017. "In October, demand for small, inexpensive rough diamonds continued to remain weak. A seasonal slowdown on the threshold of Diwali, the main Indian holiday, was exacerbated by a weakening rupee-US dollar exchange rate, a number of minor bankruptcies in India and tighter credit conditions for the cutting and polishing sector in this country,” said ALROSA Deputy CEO Yury Okoemov....
10 Nov
Rio Tinto said that its 2018 Argyle Pink Diamonds Tender collection of 63 pink, red and violet diamonds from its Argyle mine in Australia, has delivered another record result reflecting strong global demand for fancy coloured diamonds. According to the company, these results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becoming even scarcer. The 2018 collection of pink, red and violet diamonds from the iconic Western Australian mine continued its trajectory of double-digit price growth. Sold to an undisclosed buyer, Lot 1, the Argyle Muse, a 2.28-carat fancy purplish red diamond, is the most valuable diamond in the tender’s 34-year history. Also amongst the record-breaking diamonds sold in the 2018 collection was...
10 Nov
WDC President Stephane Fischler
The World Diamond Council  (WDC) has announced that it intends to keep pushing for progress on proposed reforms to the Kimberley Process (KP) at the KP Plenary meeting in Brussels, slated to run from November 12 to16. Specifically, the WDC is advocating for a broadening of the definition of conflict diamonds to address grave and systematic violence.  It also seeks to establish a permanent secretariat and to strengthen the peer review mechanism, both of which are covered in Administrative Decisions that were submitted to the KP Chair for discussion and decision at the KP Plenary.  The WDC also looks forward to a review of the KP Core document and supports the proposal to create a multi-stakeholder fund that will focus on capacity...
10 Nov
ALROSA announced it has recovered a 51.49-carat gem-quality rough diamond from its new Verkhne-Munskoe diamond deposit, that was commissioned on October 31. This is the first large diamond that the deposit has yielded. The transparent octahedron crystal with a slight yellow hue recovered from the Zapolyarnaya pipe – one of four kimberlite pipes at the deposit. "It is the first rough diamond over 50 carats from Verkhnyaya Muna. We have just started mining here, so it is a very promising event, evidence of the deposit’s good potential,” said Alexander Makhrachev, Director of ALROSA’s Udachny Mining and Processing Division, which operates the deposit. Yhe Verkhne-Munskoe diamond deposit is located in Western Yakutia, 170 km from Udachny. Four kimberlite pipes have been explored so far –the...
05 Nov
Trans Atlantic Gem Sales (TAGS) has announced it will be holding a rough diamond tender from November 26 to December 3 at the Dubai Diamond Exchange. Two regular productions of high quality and high colour material from South Africa and Angola will be presented. TAGS is expecting in the region of 20,000 carats of South African goods and 25,000 carats of Angolan goods across a full range of sizes. Final details will soon be forthcoming from the producers, however the event should have a combined value in excess of $40 million.
05 Nov
GJC Chairman Nitin Khandlewal
The All India Gem and Jewellery Domestic Council (GJC) has condemned the harassment of jewellers by government officials in the pre-Diwali-festival period. The GJC said in a press release that across states, there have been several incidents of police (including Railway Protection Force), Income Tax officials and GST officials conducting illegal raids on jewellers, especially the small and medium sized players. There have been complaints, the GJC release, that officials have sought bribes. The GJC said these incidents were made more painful by the fact that jewellers were trying to grapple with low sales during the festive season. The GJC has launched a Twitter hashtag #GJCagainst #harassment of jewellers to provide small and medium...

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