31 Jan
The Montepuez ruby mine is an open-pit operation
Coloured gemstone miner Gemfields has agreed to pay £5.8 million ($7.8 million) to settle claims of human rights abuses brought against it by members of the community living near its Montepuez ruby mine in Mozambique. The settlement is on a “no admission of liability” basis. Local community members, represented by British law firm Leigh Day, had alleged that Gemfields security forces had shot, beaten and subjected people to humiliating treatment and sexual abuse. Over and above the settlement, Gemfields is setting up an independent grievance mechanism to allow local community members to file complaints more easily. It is also creating a £500,000 ($659,000) agricultural development and training fund for the community...
31 Jan
The Gemological Institute of America (GIA) is offering aspiring gem and jewellery professionals interested in GIA gemmology and jewellery manufacturing arts programs, distance education courses and lab classes, $2 million in scholarships funded by the GIA Endowment Fund and private donors for 2019. Applications open on February 1.   GIA has awarded more than $10 million in scholarships since 2010, helping more than 2,000 students study at its institutions and through the its distance education programs. “Scholarships are a very important part of our mission-driven education programs, helping hundreds of students start or advance their careers in the global gem and jewellery industry every year,” said Duncan Pay, vice president and chief academic officer. He added, “With scholarships,...
30 Jan
Indian Minister for Commerce & Industry and Civil Aviation Suresh Prabhu formally launched the country’s Domestic Council for Gems & Jewellery at a function in Mumbai on Tuesday and announced that the new body would be operational with elected representatives by May 1. The new council’s constituents will be existing industry bodies that each cater to specific sectors. Its  launch follows a third meeting of gem and jewellery industry bodies with the government on January 16 in Delhi which resulted in a decision to go ahead with the initiative by month’s end.  An ad hoc committee has been set up to take the new body through to operational status with an elected representation. It is headed by Gem & Jewellery Export Promotion Council (GJEPC) Chairman Pramod Agarwal and consists...
30 Jan
ALROSA announced it had recovered a 191.46-carat rough diamond at its Udachnaya kimberlite pipe. The stone is transparent, with a slight yellowish tinge. ALROSA United Sales Organisation (USO) Director Evgeny Agureev commented, “Such large, gem-quality discoveries, weighing more than 100 carats, confirm that there are many unique precious minerals in the reserves of the Udachnaya kimberlite pipe. Since the beginning of the development in 1967, the pipe has given hundreds of large diamonds to our company. In the near future, this rare specimen will go to the United Selling Organization for detailed study and evaluation.” A rough diamond comparable in size was found at the company's deposits more than 2.5 years ago. The Udachnaya pipe was discovered in 1955. It is among the largest known...
30 Jan
GIA India conducted two educational seminars titled “Identification and Update on Laboratory-Grown Diamonds” and “The Causes of Colour in Natural Fancy-Coloured Diamonds” at the Bharat Diamond Bourse (BDB) on January 24. The seminars were presented by Dr. Sally Magaña, GIA senior research scientist from Carlsbad, California. Magaña is an expert in diamond physics, treatments and laboratory-grown diamonds who has authored and co-authored numerous research articles about laboratory-grown diamonds, temperature effects on luminescence centres in natural type IIb diamonds and more.  BDB Vice President Mehul Shah commented, “These educational seminars are very much the need of the hour. The industry is going through a lot of changes and there is a need for awareness. Such initiatives at the...
30 Jan
De Beers announced that it had provisionally sold $505 million in rough diamonds during the first sales cycle of 2019, a nearly 25 percent drop from the $672 million it sold in the first cycle of 2018. CEO Bruce Cleaver said, "Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher than normal sales in the previous cycle ($540 million in cycle 10 of 2018) and the slow movement of lower value rough diamonds through the pipeline.”
29 Jan
GJEPC Chairman Pramod Agarwal
As the Indian government readies to present its annual budget for fiscal 2019-20, the Gem & Jewellery Export Promotion Council (GJEPC) has presented an industry wish-list for fiscal policy. As a preamble, GJEPC Chairman Pramod Agarwal observed, “The gems and jewellery sector constitutes 7 percent of the country’s GDP, 13.52 percent of India’s merchandise exports and directly employs around 5 million people, thus making a significant contribution to the country’s economy while maintaining a global leadership in cutting and processing of diamonds and some categories of gemstones. The GJEPC has sought government support in ensuring the ease of doing business and thus helping exporters to enhance exports in 2019-20.” The wish-list...
29 Jan
Mathew Tratner
The Gemological Institute of America (GIA) announced that Matthew Tratner has been appointed global director of business development. Previously director of membership and sales at Jewelers of America and publisher of National Jeweler, Tratner will be responsible for expanding and deepening GIA’s relationships with retailers and other stakeholders. “I am delighted to join the talented team at GIA,” said Tratner. “I look forward to taking on new challenges, creating opportunities and being part of GIA’s development and continued growth.” Tratner has been in the jewellery industry for 15 years. His experience spans retail sales, e-commerce, publishing and marketing. He earned a Bachelor of Arts from Empire State College and an Accredited Jewelry...
28 Jan
ALROSA announced that six additional companies — Chow Sang Sang Jewelery from China, Kapu Gems, Mohit Diamonds and VD Global, all from India, the UAE operations of India’s M. Suresh Company and Richold SA from Switzerland. ALROSA said that despite its focus on established manufacturing firms for its client base, companies like Chow Sang Sang, which is one of the largest jewellery retailers in the world, are also considered for their effectiveness in the diamond value chain. With the additions, ALROSA now has 59 long-term clients for gem-quality diamonds and 10 for industrial goods. As is required of all long-term contract clients, the six were participants in the ALROSA Alliance program, which enables the use of a logo indicating regular rough diamond supplies from ALROSA and the...
25 Jan
Anjin had previously already been mining diamonds inZimbabwe's Marange diamond fields
Zimbabwe has approved diamond exploration and mining licences for ALROSA and Anjin, the Chinese-owned firm that was already mining in the country’s Marange diamond fields before all diamond mining was nationalised in 2015 and brought under the state-owned Zimbabwe Consolidated Diamond Company (ZCDC). Despite having reportedly previously invited them to explore and mine diamonds in the country, Mines Minister Winston Chitando said in an interview that De Beers and Vast Resources had not been granted mining licences. De Beers had previously stated that it did not intend to mine in Zimbabwe. Zimbabwe President Emerson Mnangagwa has reportedly been aligning the country more with...
25 Jan
At a meeting between the Indian Ministry of Commerce & Industry and leading gem and jewellery exporters from Jaipur that it had hosted to discuss various issues related to the export trade, the Gem & Jewellery Export Promotion Council (GJEPC) urged the government to clearly define procedures to enable foreign mining firms and distributors to import and make direct sales of rough coloured gemstones to Indian companies. Such a policy, the GJEPC said, would ensure the consistent supply of raw material to a processing industry that is totally dependent on imports for its rough coloured gemstones. GJEPC Chairman Pramod Agarwal, welcoming Ministry of Commerce Economic Advisor Rupa Dutta and Deputy Secretary Senthil Nathan, who represented the government, said interactions such as this...
24 Jan
De Beers reported that its rough diamond production in the fourth quarter of 2018 increased 12 per cent to 9.1 million carats, bringing total production for the year to 35.3 million carats. Rough diamond sales volumes totalled 9.9 million carats (9.2 million carats on a consolidated basis) from three sales cycles, up 20.7 percent from the 8.2 million carats (7.5 million carats on a consolidated basis) from the same number of sales cycles during the equivalent period in 2017. Fourth quarter rough sales revenues increased year on year as the re-phased allocations of some lower value rough diamonds from Sight 7 (in September) were realised in Sights 9 and 10. For the full year, rough diamond sales volumes were four per cent lower at 33.7 million carats (31.6 million carats on a consolidated...
24 Jan
ALROSA said that its 2018 rough diamond production volume at 36.7 million carats, with overall sales (including from its stockpile) of 38.1 million carats, represented a downturn of 8 percent. Sales proceeds, however, had risen 6 percent to $4.5 billion. The average realised prices for gem-quality diamonds grew 21 percent  to $164 per carat in 2018. Over Q4, however, they were down by 23 percent in a quarter-on-quarter comparison but up 10 percent year-on year to $153 per carat. Looking at the process pipeline, ALROSA said the trend of weaker demand for lower-priced stones that emerged in Q3 continued into Q4 2018. Demand for rough diamonds echoed the situation on the polished diamond market, where uncertified melee diamonds saw the strongest price decline due to oversupply, weak rupee...
23 Jan
Sarine Technologies will inaugurate its fully automated diamond grading lab, which it says is the only such facility based on artificial intelligence (AI), during the International Diamond Week in Israel (IDWI) that will run January 28 to 30. The launch follows an initial pilot of the lab facility in Israel and India that opened in January 2018. The Sarine lab is offering automated diamond grading reports, based on machine learning and monitored by expert gemologists, which the company says supplies objective, consistent grading results. The Sarine Profile reports are provided in a customisable printed or digital format. The lab also offers science-based Light Performance grading, measuring brilliance, sparkle, fire and light symmetry, which they say objectively assesses the beauty of the...
22 Jan
Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender from February 12 to19 in the Almas Tower at the Dubai Diamond Exchange. Two regular productions from South Africa and Angola will again be presented. TAGS said both materials are of high quality and high colour and they are expecting in the region of 25,000 carats of South African goods and 30,000 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.
22 Jan
CIBJO's new Responsible Sourcing Blue Book was the centre-point of a well-attended seminar at the VICENZAORO January jewellery trade show in Vicenza, Italy, on January 19. The precious coral sector was used as a case study for sustainability. The seminar comprised the opening session of the 21st Symposium of the Federation for European Education in Gemmology (FEEG), which was hosted by the Italian Gemmological Institute. In his introduction, CIBJO President Gaetano Cavalieri, who moderated the opening seminar, said that consumer confidence, without which, "the entire premise on which our business is built would be meaningless," requires more than just the integrity of the product to be maintained. "Today, and for about 20 years already, it has become increasingly apparent that the ways in...
21 Jan
The Gem & Jewellery Export Promotion Council (GJEPC), said 19 Indian jewellery manufacturers were participating in the Vicenzaoro Winter 2019 trade show, which kicked off last Friday, under the GJEPC-organised India Pavilion.  Restating the importance of Europe as a market for the Indian gem and jewellery export production industry, GJEPC Chairman Pramod Agrawal said, “India’s total exports of gems and jewellery to Europe in 2018 stood at $3.94 billion. Europe has been an important market for India, and Italy has been an entry point for EU countries and Europe in general.” He added, “Vicenzaoro offers a perfect platform for our exhibitors to learn about and understand the market here and, also come up with jewellery that follows changing trends. This also provides us the opportunity...
21 Jan
The Diavik diamond mine in Canada
Rio Tinto’s Argyle mine produced 14.07 million carats in 2018, an 18 percent decline over its 2017 production, while its Diavik mine’s output of 4.36 million carats during the same period was 3 percent lower than the previous year. Rio Tinto said that Argyle’s output drop was mitigated by enhanced processing of higher grade alluvial tailings, while the Diavik output drop was due to lower grade ore, partially offset by higher ore processing. The company said the A21 project successfully mined its first ore in March 2018 and reached commercial production during the fourth quarter. Diamond production guidance for 2019 is between 15- and 17 million carats.

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