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...
29 May
The Mothae diamond mine in Lesotho
The second rough diamond tender this year held by the Lucapa Diamond Company, which is listed on the Australian Securities Exchange (ASX), garnered $3.5 million.  The company said 7,008 carats of rough from the Mothae kimberlite mine in Lesotho were offered at the tender in Antwerp. Individual gems fetched prices as high as $26,000 per carat. Lucapa has realised an aggregate $7.3 million from its two Mothae rough diamond tenders. A third tender before the end of June is being considered, given the consistent recoveries from the mine, including the 126-carat gem quality diamond recovered earlier this month. Lucapa Managing Director Stephen Wetherall commented that the company was encouraged by the good sales results from the mine’...
29 May
ALROSA reported that it had realised revenue of $10.2 million from its auction of ‘special size’ (over 10.8 carats each) rough diamonds, which took place in Israel this month. The company sold 120 stones with total weight of 1,940 carats, including two large diamonds weighing more than 50 carats each. Firms from Israel, Belgium, India, the US, the UAE, Russia and Hong Kong were among the participants. "Large rough diamonds are consistently popular with Israeli diamantaires. The latest auction is the third in a row this year. This is our highest revenue in Israel since the beginning of 2019. We plan three more auctions here this year and look forward to stable demand from customers," said ALROSA United Selling Organisation Director Evgeny Agureev. Last year, ALROSA held six auctions for...
28 May
The Bharat Diamond Bourse (BDB) in Mumbai has announced that registration is now open for the 2019 Bharat Diamond Week (BDW), slated to take place at the bourse from October 14 to16. This is the third edition of the event and will host delegations of buyers from China, Australia, and various Asian countries. “Preparations are well in hand with the opening of registration. In addition to hosting delegations of foreign buyers which are being specially organised, we will welcome buyers from Israel, Dubai and several European countries as well as from across India,” observed Bharat Diamond Bourse Vice-President Mehul Shah, who heads the  BDW. BDB President Anoop Mehta explained that the show dates were selected because they are just ahead of the Diwali festival, meaning visiting buyers will...
28 May
Marcel Tolkowsky
The Antwerp World Diamond Centre (AWDC) is celebrating the centenary of the round brilliant cut, which maximises the light performance of a diamond. The cut was developed in 1919 by Antwerp diamond dealer Marcel Tolkowsky (1899-1991), who determined that 57 facets at precise angles would achieve maximum brilliance for a diamond. The cut is the most widely used even today. An AWDC press release observed: ‘The brilliant may rightfully be considered as the most successful invention Belgium has ever produced.’ The Antwerp diamond industry celebrated this anniversary with a street festival in the diamond district. During this celebration, the AWDC also launched its ‘100 Years Brilliant’ project, that has 57 different diamond industry stakeholders and...
28 May
ALROSA CEO Sergey Ivanov (left) with IDE PresidentYoram Dvash
Israel Diamond Exchange (IDE) President Yoram Dvash led an Israel diamond industry delegation to Moscow last week, with the aim of increasing the quantity of rough diamonds entering Israel. The delegation, comprising the heads of 28 leading Israeli diamond companies, Israel Diamond Institute Chairman Boaz Moldawsky and Israel Diamond Controller Danny Tal, met with ALROSA CEO Sergey Ivanov and senior ALROSA officials. Dvash told Ivanov that it is significant that a large group of serious Israeli diamantaires want to buy rough from ALROSA given the overall drop in sales of rough diamonds. "This is a brave and important statement, which shows the strength of the Israeli diamantaire, who has a great deal of...
24 May
The Lucapa Diamond Company, which is listed on the Australian Securities Exchange (ASX), reported it has recovered a gem-quality 126-carat diamond from its Mothae mine in Lesotho. The stone is the first-ever diamond larger than 100 carats recovered from the mine since commercial operations commenced in January this year. It is, however, the sixth diamond larger than 50 carats that the mine has produced since pre-production bulk sampling commenced in 2018. The recovery comes just over a week after Lucapa and its partner Endiama announced the recovery of a 130-carat diamond at the Lulo project in Angola. Lucapa MD Stephen Wetherall said the diamond was further proof of the large stone and high-value nature of the Mothae kimberlite resource, which is located within 5 kilometres from Letseng...
23 May
Sarine Technologies Ltd announced the launch of a system it calls 3D-Origin, which generates an accurate 3D-printed model of the rough diamond from which a polished diamond verified by the company’s Sarine Journey provenance verification system, was derived.  The 3D-Origin model is generated as an optional add-on to the Sarine Diamond Journey rough-to-polish diamond report. It uses Sarine’s proprietary Diamond Journey cloud-based data captured during the manufacturing process. It then transforms these data into a 3D-printed physical replica of the original rough stone, from which the polished diamond was manufactured. The company said the 3D-Origin model is identical in its geometrical dimensions and features to the actual rough diamond, scaled for consumer convenience. Sarine CEO David...
22 May
GIA India organised an outreach initiative targeting schoolchildren, in Delhi on May 3. The program allowed children to learn about gemstones through hands-on activities with minerals and gemstones. Content included distinguishing between natural and lab-grown gemstones and learning about enhancement treatments. The GemKids programme, as it is known, was run for the students of Universal Public School in New Delhi, with students from 6th to 8th grade attending. GIA India and Middle East Managing Director Nirupa Bhatt said, “Kids learn from what they see and observe. GIA India believes the GemKids programme is a great step towards igniting a passion in children for gemmology. We were thrilled to see a great response from the students and grateful to Universal Public School for their...

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