Firestone Diamonds sold a total of 195,330 carats at their latest tenders in July and September 2017 in Antwerp, netting total sale proceeds of US$13.5 million, including the sale of the company's second >US$1 million stone. Nonetheless, the average value per carat fell to $69 from $107/ct.
Dominion Diamond Corporation has announced an auction of fancy yellow rough diamonds in cooperation with I. Hennig Tenders. The auction viewings will take place in Israel and Antwerp. The auction will commence with viewings in Israel from October 29 to November 1, 2017 and will conclude in Antwerp from November 6 to 10, 2017. Participation in the viewings and the auction is by appointment only. For more information and to arrange a viewing request email email@example.com.
Merlin Diamonds Ltd has shipped a parcel of rough diamonds to Koin International (Koin) following the receipt of the requisite Kimberley Process Certificate for an auction commencing on August 30. The Merlin diamond mine in Australia’s Northern Territories is famous for producing large, high clarity, white, high value diamonds, including the largest diamond ever unearthed in Australia, at 104.73 carats.
Laurelton Diamonds, a wholly owned subsidiary of Tiffany & Co., will be holding the viewings of its next Tender of Polished Diamonds at the Laurelton Diamonds offices in Antwerp, Belgium. The Tender will include a selection of single GIA certified stones and grouped lots of GIA certified and non-certified polished diamonds. These include rounds ranging in size from caraters to melee. The tender is scheduled from Tuesday 22nd August to Tuesday 29th August in Antwerp. Viewing appointments can be booked.
Rio Tinto has unveiled the largest Fancy Red diamond in the history of its Argyle Pink Diamonds Tender at a world exclusive preview in New York. The 2.11 carat gem, named ‘The Argyle Everglow’, is the centrepiece of the 2017 Argyle Pink Diamonds Tender – an annual showcase of the rarest diamonds from Rio’s Argyle mine in Western Australia. The GIA classified the gem as a notable diamond with a grade of Fancy Red VS2. Argyle Pink Diamonds manager Josephine Johnson said The Argyle Everglow “represents rarity within rarity” of diamonds, and will drive the global demand from collectors.
"When you’re selling your offcuts for almost $20 million, you know something is going right," writes Thomas Biesheuvel for BloombergPursuits. "Lucara Diamond Corp. just sold a 373.7-carat diamond for US$17.5 million.
In October Firestone Diamonds announced the recovery of its first diamond from the Liqhobong Diamond Mine in Lesotho since the the re-commissioning of the new plant. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Firestone has been ramping up production since then, and will hold its third tender in Antwerp as planned.
Koin International will hold its May rough sales of African diamonds in Antwerp from 8 - 17 May. The tender includes exciting selections of original mine rough productions, including diamonds from Ekapa Minerals (selection of tailings from Kimberley, South Africa), Angola F2M (10.80ct.+ and melee to 4ct. parcels), Diamcor Mining (original run of mine from Krone-Endora mine, South Africa, singles through to melee parcels), Democratic Republic of Congo (Run of Mine) and Guiter Minerals Sarl (Guinea Run of Mine).
Diamcor Mining Inc. has moved forward with the testing, commissioning and calibration of its new operational items and expansions at the company’s Krone-Endora at Venetia Project and expects the finalization of these facilities to be completed by April 30, 2017.
Sierra Leone's Ministry of Mines and Mineral Resources and the National Minerals Agency have issued a press release stating that the 709.48-carat rough diamond found in Koryardu village, Tankoro chiefdom in Kono district, Eastern Sierra Leone on March 14 will be sold inside Sierra Leone by international tender. Interested parties from all over the world will have the opportunity to participate.
The month of March will again see a full schedule of rough diamond tenders and sales in Antwerp.
DDA Trading Bvba is pleased to announce the second sale of Namibian Marine Rough Diamonds in Antwerp. They will be offering approx. 8,900cts of Full ROM, Original Marine Goods of Gem quality. The goods are from the underwater concessions of Diamond Fields Namibia ML 111. Viewings will take place by appointment only in Antwerp at DDA Trading’s office in the Antwerp Diamond Bank, Pelikaanstraat 54, Floor 6, 2018 Antwerp from Monday 20 to Monday 27 February with the sale closing on Tuesday the 28th of February.
Koin International will hold a rough diamond tender in Antwerp from 20 – 27 February, and will be presenting for the first time the production of IMDSA (Marine) as well as multiple other original rough mine productions. IMDSA is a new marine production mined in the seas of South Africa, comprising excellent models and gem quality production. Other productions on offer include Ekapa Minerals, ANGOLA F2M, Democratic Republic of Congo (DRC), Guinea, and brand new Koin Manufacturers’ Assortments (consistent monthly fixed assortments, perfect for manufacturers).
I. Hennig Tenders will be tendering a large selection (approximately 250 stones) of large single rough stones (10.80 carats to 183 carats) of Russian origin. Commenting on the upcoming rough diamond tender, I. Hennig Tenders CEO, David Kuchler said, “We will be offering a significant selection of large rough goods of Russian origin sourced in Gokhran in this upcoming tender. The tender will comprise of specialist commercial (cleavage and rejection) articles presenting an interesting buying opportunity to our tender clients.” The Tender will be held in Antwerp February 15-23.
Firestone's first sale of diamonds recovered from its Liqhobong Diamond Mine saw over 90 companies viewing the goods in Antwerp last week, with more than 38 companies making successful bids. The company sold all of the 75,936 carats offered for sale, realising an average price of US$107 per carat, resulting in total proceeds of US$8.14 million. Firestone says, "The average price per carat achieved was very pleasing, considering that the carats sold were recovered from the predominantly lower quality ore areas and are not necessarily representative of the run of mine ore.
Firestone Diamonds, the newest diamond miner in the Kingdom of Lesotho, is holding its maiden tender of diamonds from their Liqhobong Mine (Firestone 75%, Lesotho 25%) in Antwerp this week. It was the perfect occasion to catch up with Firestone CEO Stuart Brown in the offices of First Element, the tender house hosting the sale.
After a difficult 2015, the Antwerp diamond industry recorded a 5% increase in trade in 2016, according to a press release from the Antwerp World Diamond Centre (AWDC). This past year, a total of 48 billion USD worth of diamonds were imported to and exported from Antwerp. "The rough diamond market in particular is clearly making a strong recovery. This is positive sign, given that the rough diamond trade is the foundation and heart of the diamond trade.
In October Firestone Diamonds announced the recovery of its first diamond from the Liqhobong Diamond Mine in Lesotho since the the re-commissioning of the new plant. Liqhobong is owned 75% by Firestone and 25% by the Government of Lesotho. Firestone has been ramping up production since then, and will hold its first tender of approximately 80.000 cts.
Diamcor Mining has completed the installation of additional operational equipment and expansions underway at its Krone-Endora Mine at Venetia project in Limpopo, South Africa. The junior diamond project developer confirmed that all the work is now complete and all the items are now operational.
Koin International will hold a diamond tender in Antwerp from 16 – 26 January for multiple original rough mine productions. The productions from Africa include the Diamcor ‘Krone-Endora’ Mine, ANGOLA F2M (over 50,000cts), ANGOLA 10.80+ Single Stone (average 25-ct each), Fancy Colour (Intense & Vivid Yellows) as well as productions from Democratic Republic of Congo (DRC), Sierra Leone, Guinea, and brand new Koin Manufacturers Assortments (consistent monthly fixed assortments, perfect for manufacturers).
The Israel Diamond Exchange (IDE) has announced they will open a new International Tender Centre in February during their International Diamond Week in Israel. The IDE will host three tenders of rough and polished diamond by Alrosa, I.Henning and Koin. The establishing of this Centre is an attempt to consolidate as many tenders as possible under one roof.
ALROSA held a second test trading session of rough diamonds in the Eurasian Diamond Centre in Vladivostok on November 21-25, selling $5 million. The rough diamond sales are the second in succession in the scope of operation of the Eurasian Diamond Centre. This time Russian and foreign long-term clients were offered, including industrial grade diamonds. “In order to study potential demand, we offered average and small size rough diamonds to our clients in test mode at the last trading session. We assess the trading session results as successful,” says Yury Okoemov, ALROSA Vice President.
Lucara Diamond Co. earned $38.7 million from the sale of 12 stones totalling 1,098 carats - or $35,230 per carat - at its second exceptional stone tender of 2016. The company identifies the following highlights of the tender: 5 diamonds sold for more than US $2.0 million each. Lot 1001 (pictured above), a 224.5-carat Type IIa diamond sold for US $11.11 million (US $49,497/ct), which was also the highest value per carat diamond.
Lucara Diamond Corp. reported a net loss of $3.8 million in Q3 compared to net income of $44.2 million in the prior year. The company explains that this is a result of, "having two sales in the prior year, including an exceptional stone tender, compared to a single sale in the current year. The Company also reported a foreign exchange loss in Q3 compared to a foreign exchange gain on translation of its US dollar cash in the prior year as the pula has appreciated in the current year," reads the press release.
According to a company press release, Rio Tinto’s 2016 Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine has delivered a record result, reflecting strong global demand for these increasingly rare diamonds. Known as The Chroma Collection, the 2016 Argyle Pink Diamonds Tender comprised the highest quality, size and colour composition in the Tender’s 32 year history and was highly sought after, with winners from 10 countries including a strong representation from the sophisticated US collector market.
Mountain Province Diamonds has issued a "Production Report" for Q3 ended 30 September 2016, stating, "Ramp-up production at Gahcho Kué commenced on August 1, 2016 ...
In an ASX press release, Kimberley Diamonds announced that its Botswana subsidiary, Lerala Diamond Mines Limited (Lerala) has entered into an offtake agreement for the sales of diamonds from its Lerala Diamond Mine from September 2016 to February 2017. Lerala conducted a tender of its diamonds in late September 2016, which was operated by DDA Trading BVBA in Antwerp. Following the tender, the winning bidder made an offer to enter into an offtake agreement for all diamonds for a 6 month period.
In a press release, Lucara Diamond has announced the dates for its second Exceptional Stone Tender of 2016. Viewings for the tender will take place from November 7 through November 16, 2016 with the sale closing at 4.00pm CET on November 16, 2016. The sale will include no less than 12 exceptional diamonds with a combined weight of approximately 1,100 carats.
Koin International, a specialist rough and polished diamond tender house, will hold a diamond tender in Antwerp from 26 – 30 September for multiple original rough productions. The productions include large single stones from the Namakwa North West Mine in South Africa as well as orginal stones from Guinea; Koin will have over 50,000 cts of original Angola production on offer (Koin assortments) from ANGOLA F2M, and full Run of Mine from Democratic Republic of Congo.
We’ve got a mine, we’ve got grade, we’ve got the carat value and we’ve got $1.5bn of diamonds in the ground to be mined in the next few years. To date, the amount of kimberlite that’s been mined and processed in ramp-up is really only equivalent to one month’s worth of production of ore from the first block. But already we’ve had a 22 carat stone and lots of plus-eight carat stones. It’s only a matter of time before we pull in a 50 carat stone or a 90 carat stone. It’s a numbers game because we know they’re there.
I. Hennig Tenders, a leading independent international diamond tender operator, will be holding three rough diamond tenders in Antwerp during the month of September in Antwerp, offering clients a full range of original goods.
DDA Trading (Dynamic Diamond Auctions) will hold a diamond tender in Antwerp from 19-26 September with a closed bid tender on September 27. The tender will feature 25,000 carats of stones from the Lerala Diamond Mine, Botswana. The goods will be original Run of Mine (ROM). Viewings will take place by appointment only at DDA Trading's office in the Antwerp Diamond Bank. The Lerala Diamond Mine is owned and opated by Kimberley Diamonds.
LLD Diamonds, part of the Leviev Group of Companies owned by Israeli businessman Lev Leviev, was the largest buyer of rough diamonds at ALROSA's first auction in Vladivostok, according to two sources close to the companies and CEO of GK Ruiz (part of the Leviev group) Valery Morozov. An ALROSA representative declined to comment.
Natural Diamond Corporation and DiamondCorp will be offering rough production from the Lace Mine, Free State Province, South Africa from September 12-19 in Antwerp. Interested parties can request an appointment via Natural Diamond Corporation, +32 (0)3 401 36 36, +32 (0)489 950 970, firstname.lastname@example.org.
ALROSA is holding an International Auction of Special Size Rough Diamonds 10+ carats and a Polished Diamond Tender from August 23 to September 3 in the run-up to the Second Eastern Economic Forum in Vladivostok. There will be 19 rough diamond lots with a total weight of 1,098 carats. The diamonds are from ALROSA and JSC Almazy Anabara. The largest rough diamond being offered for sale at the auction weighs 401.97 carats.
Diamond broker Bonas announces the Braúna September rough sale; the entry of a new rough diamond production, directly to the Antwerp market.
Developed over many years in the Brazilian state of Bahia by diamond miner Lipari, Braúna is South America’s first kimberlite diamond mine. The mine is projected to produce up to 400,000 cts of high quality diamonds per annum over the next nine years. Additionally, Braúna is a cluster of kimberlites, therefore leaving it with ample opportunity for further development in years to come.
The Zimbabwe Independent today published an opinion piece accusing the government and the Zimbabwe Consolidated Diamond Company (ZCDC) of everything from violation of property rights to compliance failures, lack of transparency and failing to meet promised revenue targets due to the very low prices received for their diamonds.
Koin International is organizing a tender from 14 to 20 July in Antwerp featuring a selection of original rough productions from around Africa, including: Angola F2M, Diamcor (Krone-Endora Mine), Klipspringer Mine, Guiter (Guinea), Sierra Leone, DRC. The Angola goods on offer include Koin assortments (30,000 cts+), 6gr down, as well as 10.80 ct+ single stones and large fancy colors (yellow and pink).
Petra Diamonds Limited said the stone is a Type II diamond of exceptional color and clarity, and is an outstanding example of the large, high quality diamonds for which the mine is known. The diamond will be sold in the last tender of Petra's 2016 financial year which is currently underway in Johannesburg. "This, along with a number of other high-quality stones that will also be included in the tender, will deliver an improved product mix at the mine in the last quarter of FY 2016," the miner said in a statement.