10 May
ALROSA announced it had sold rough diamonds worth $1.98 billion over the four months from January through April this year, while polished sales for the period stood at $32.9 million. This aggregated to a total of $2.01 billion in sales for the first four months of 2018. In April alone, ALROSA sold rough diamonds worth $396.2 million and polished worth $9.1 million for a monthly total of $405.3 million. "In January-April, world markets saw consistent high demand for rough diamonds. In April, the diamond trade slowed down seasonally, as has been the case traditionally. Nevertheless, demand and sales results were good enough for this month, supported by an optimistic market trend and positive reports from retailers," commented ALROSA Deputy CEO Yury Okoemov.
10 May
De Beers Group today announced that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, called Tracr. The company said that an immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter and polisher, then through to a jeweller.  The platform is expected to launch later this year and will be open to the industry. When fully operational, Tracr will provide consumers with confidence that registered diamonds are natural and conflict-free, improve visibility and trust within the industry, and enhance efficiencies across the diamond value chain, De Beers said. Five leading diamond manufacturers — Diacore, Diarough, KGK Group, Rosy Blue NV and...
10 May
The Grand Hyatt, Bogotá
CIBJO, the World Jewellery Confederation, announced that it will hold its 2018 annual congress in Bogotá, Colombia, from October 15 to 17, with pre-congress meetings beginning on October 13. The congress will be hosted by Fedesmeraldas, the National Federation of Emeralds of Colombia, which this year will be a celebrating the 20th anniversary of its founding. Immediately prior to the event, from October 12 to 14, Fedesmeraldas will also host the second edition of the World Emerald Symposium, which CIBJO Congress participants are encouraged to attend.  CIBJO Congresses serve as the official gathering place for the World Jewellery Confederation's Assembly of Delegates, and also are the venue for the annual meetings of CIBJO's sectoral...
10 May
The PGI’s Indian arm, the Platinum Guild India Pvt. Ltd., has announced a range of platinum jewellery for the upcoming Mother’s Day on May 13. The range includes an array of designs from layered necklaces, pendants, and statement bracelets, to a simple yet stylish chain. The PGI said the range has been inspired by global trends. The platinum jewellery range starts at ₹40,000 ($595), moving up in price depending on the size, weight of the metal, number and quality of diamonds used. The range is available at leading PGI-authorised platinum retailers across India. The range is being positioned in the premium slot, with platinum being pushed as one of the rarest metals on earth — 30 times rarer than gold. It is being backed up with a quality assurance scheme ensured by third-party auditor...
10 May
The World Diamond Congress, the biennial gathering of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), scheduled to be held in Tel Aviv, Israel, from June 19 to 21, has been cancelled due to poor registration. The WFDB and IDMA released a joint statement announcing the cancellation, attributing the low registration to rising tensions in the region. In the joint statement, WFDB President Ernie Blom and IDMA President Ronnie VanderLinden said, "It is obviously with very great regret that we have reached the decision to cancel the Congress. We had a full agenda of issues regarding the state of the global diamond industry and preparations were in full swing.” The added, ”However, we have to take all factors into account, and felt...
10 May
Sarine Technologies Ltd announced that Borsheims selected the Sarine Profile report to accompany each of a limited series of diamonds inscribed with Warren Buffett’s signature, that were sold at the annual Berkshire Hathaway shareholders meeting this week in Omaha, Nebraska. Each diamond was engraved on-site by Sarine’s DiaScribe system with Buffett’s signature, a personalised commemoration or message of affection of the buyers’ choice and its certificate number. Every year at Berkshire Hathaway’s annual shareholders meeting, a very limited number of these ‘Signature Diamonds’ are sold at Berkshire Hathaway’s Borsheims subsidiary flagship store. This year, Borsheims selected the Sarine Profile system, which includes a diamond report and a digital experience that includes a demonstration...
10 May
Shortly after Alan Cohen took over as the new President, the London Diamond Bourse (LDB) has revamped its board, lowering the average age and making representation proportionate to membership statistics. Along with this, the LDB has announced that Daniel Seller, who was previously the Executive Officer to the board, is the newVice President. Trevor Sigsworth has been appointed Executive Officer. “These are the most fundamental changes to LDB’s governance in my six years at LDB,” said COO, Victoria McKay. She continued, “The following changes are notable — Kathy Chappell, our Special Advisor for Ethical Issues has been welcomed to a full board position and our youngest board member is a millennial. Overall the average age of our board has lowered dramatically and representation around the...
09 May
Zimbabwe’s Central Intelligence Organisation (CIO) secretly went into partnership with a shadowy and now jailed Chinese man to operate the Kusema diamond mine in the country’s Marange diamond fields, a Zimbabwe Parliamentary hearing was told. The spy agency’s former director Happyton Bonyongwe told Parliament that the venture was in order to supplement the poor budgetary allocations for the CIO’s operations. The CIO held a 49 percent stake in the joint venture known as Sino-Zim with the China International Fund owned by Sam Pa who is currently in a Chinese jail. Pa reportedly donated $10 million in mining equipment to the joint venture. The equipment does not seem to have been put to use, however, as it was meant for alluvial mining operations and no alluvial diamonds were found. Hard...
08 May
Jean-Marc Lieberherr at the DPA townhall meeting
Though the relevance of the diamond and the message that the Diamond Producers Association (DPA) wanted to convey is different in different geographic markets, the idea of something that signifies authenticity resonates with test audiences all around the globe, the Indian gem and jewellery industry was told by DPA Chief Executive Jean-Marc Lieberherr and DPA India Head Richa Singh, at the Bharat Diamond Bourse (BDB) today. Lieberherr and Singh were speaking at a Townhall meeting arranged by the Gem & Jewellery Export Promotion Council (GJEPC). While US audiences didn’t think the idea of something lasting forever gelled with what was evident to them in their lives, the idea that something could signify the...
08 May
Fura Gems Inc. announced the recovery of a 25.97-carat rough emerald at its Coscuez emerald mine in Boyacá, Colombia. The company classified the stone as rare and exceptional due due to its size, colour saturation and clarity.  The discovery was made as part of an ongoing bulk sampling program that commenced in late March this year. The emerald has been named the ‘ÄRE Emerald’ after a figure in ancient Colombian mythology, responsible for the creation of the primary sources of emeralds in Colombia’s Boyacá region and the Fura and Tena mountains, as well as the Rio Minero river.  “We are thrilled with the discovery of this exceptional emerald in these very early stages of our bulk sampling program. The results of this program so far have well exceeded the expectations of our highly...
08 May
CIBJO, the World Jewellery Confederation, has announced the establishment of an industry-wide working committee, which will be charged with formulating responsible sourcing guidelines specifically for the jewellery, gem and precious metals sectors. The new body was created by a decision of the CIBJO board of directors in March this year, following board approval of a draft responsible sourcing guidelines document. The guidelines, which when ratified will have the status of a CIBJO Blue Book, are intended to provide a general framework for responsible sourcing practices, serving as a roadmap for all industry participants. The guidelines will be voluntary recommendations for members of the sector, and will not constitute a standard or compliance mechanism by CIBJO. This means that members...
07 May
The second edition of the CARAT+ diamond industry trade show in Antwerp opened with visitor traffic of 2,400, according to a statement issued by Event Director Filip Van Laere and Commercial Director Dirk Blommaert. As a reference point, last year’s inaugural show saw more than 3,000 visitors and featured 130 exhibitors. The inaugural day events included a keynote speech from Holition CEO Jonathan Chippindale, followed by the results of a three-day Hack4Diamonds event, hosted by the Antwerp World Diamond Centre (AWDC) and Junction. The CARAT+ Night evening event was headlined by actress Elizabeth Hurley and featured a fleet of vintage cars driving through the show floor.
07 May
Aviel Elia
The Israel Diamond Institute (IDI) has appointed Aviel Elia as its new Managing Director. He replaces Eli Avidar, who joined the IDI in 2007 and successfully served in this position, with a brief hiatus, until now.   Elia, an attorney, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of IDI’s management team, Elia has been involved in developing company strategy and negotiating all critical company transactions. He has been responsible for many aspects of corporate and operational management, including budgets, regulatory processes and implementation, and has represented the institute in dealings with government and official bodies.   IDI Chairman Boaz Moldawsky said, “I am very pleased that Aviel Elia has agreed to...
07 May
Ahmed bin Sulayem (second from left) with members ofthe new board
The Dubai Diamond Exchange (DDE), a platform of the Dubai Multi Commodities Centre (DMCC), and an affiliate of the World Federation of Diamond Bourses (WFDB), has elected its new board of directors with DMCC Executive Chairman Ahmed Bin Sulayem as its chairman. “The Dubai Diamond Exchange has rapidly grown to a focal point for the global diamond trade with over 1,000 members and monthly tenders further connecting producers and buyers, fuelling further growth. We welcome the newly elect Board of Directors to the DDE who will bring in fresh views and expertise to further boost our key strategic goals, particularly around rough and polished diamond tenders, to elevate our diamond marketplace for the...
04 May
A group of South African gold mining companies fighting a class action suit brought by mineworkers who contracted lung diseases including silicosis and tuberculosis as a result of working in the mines, have reached a settlement deal for 5 billion rand ($390 million) — an amount they had already set aside earlier. The agreement, which comes after three years of negotiations and is the first class action settlement of its kind in South Africa, places no limit on the number of potential claimants entitled to treatment or compensation and the payout could potentially be worth substantially more. The settlement between the workers and the mining companies — Harmony Gold, Gold Fields, AngloGold Ashanti, Sibanye Gold, African Rainbow Minerals and Anglo American — who had formed the Occupational...
04 May
ALROSA’s supervisory board has recommended a dividend payment of RUB 38.59 billion ($610 million) for 2017. This is 50 percent of the miner’s net profit for the year and amounts to RUB 5.24 (8¢) per share.  The board met to discuss a number of issues including the preparation of a voter’s list for the company’s annual general meeting, scheduled to take place on June 26. ALROSA also had paid out 50 percent of its profit as dividend in 2016, the payment amounting to RUB 8.93 (14¢) per share.
03 May
ALROSA announced that it’s rough diamond sales arm, the United Selling Organisation (USO), had sold 101 large diamonds (over 10.8 carats each) with a total weight of 1,751.1 carats for $14.8 million at its Vladivostok rough diamond auction from April 16 to 27. "We invited 86 companies from the world’s main diamond trading hubs, including Hong Kong, Belgium, Israel, India, to our Vladivostok auction. Thirty-three companies made winning bids. The auction had a very good results, confirming high demand for this category of rough diamonds,” said USO Director Evgeny Agureev.
03 May
Coloured gemstone producer Fura Gems has appointed Toronto-based Watts, Griffis and McOuat Limited (WGM), an independent firm of geological and mining consultants, to ensure the disclosure of all existing data, and proposed work and plans for its Coscuez emerald mine in Colombia are compliant with Canadian National Instrument 43-101 (NI 43-101) and the Council of the Canadian Institute of Mining, Metallurgy and Petroleum standards and definitions and Best Practices Guidelines.  Fura said it intends to work with WGM to publish a maiden NI 43-101 mineral resource estimate for the Coscuez mine. The important first step in this process, a site visit to the mine by WGM, was completed in mid-April. Fura will continue to work with WGM to provide further insight into the Coscuez mine, including...

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