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25/11/2022 15:01Petra Diamonds Ltd on Thursday said it increased its diamond sales in the second tender for the financial year, but the average price per carat fell. The diamond mining company with operations in South Africa and Tanzania said its diamond sales in its second tender that ended November was GBP61.3 million, trebling from USD21.5 million during its second tender in October 2021 of its financial year 2022 that ended June 30.
25/11/2022 13:58De Beers’ innovation arm, Ignite, is launching a new diamond verification instrument which it promises can automatically screen large volumes of melee at speed, and identify rogue lab grown diamonds. According to De Beers, the device can be “easily operated in-house with no specialist expertise required,” further adding to the novelty of the device.
25/11/2022 13:55Mountain Province Diamonds has found new kimberlite on the claims and leases surrounding the existing Gaucho Kué mining operation in the Northwest Territories. The new KE kimberlite “is a distinct occurrence that is located about 450metres east of the Kelvin kimberlite,” the Toronto-based miner said on Wednesday. Further drilling of the KE kimberlite is planned for the 2023 exploration program, Mountain Province said. The mine is slated to operate until 2028.
Gahcho Kué is a joint venture between Mountain Province holding a 49% stake and De Beers Group, which owns 51%.
23/11/2022 12:53Antwerp welcomes a new player in the diamond district: Clarity Capital Finance. The company is an Antwerp-based Multi Seller Trade Receivables Finance Platform, a bespoke SPE set up for the purpose of providing trade receivable finance initially to mid-size diamond dealers based in Antwerp.
22/11/2022 14:41Phillips auction house in Hong Kong has announced that it will hold its Jewels and Jadeite sale on Nov. 27. The event will be putting some of the rarest diamonds (both colored and colorless), Burmese rubies, vivid yellow diamonds along with other items on the ballot. The highlight of the auction is a brilliant-cut 26.12 ct. unmounted diamond that’s expected to fetch between $2.3 million and $3 million. Not only is the stone considered the most chemically pure of all diamonds as a type IIa, it’s D flawless, which is regarded as the most coveted of the colorless diamond spectrum.
21/11/2022 16:03In efforts of improving customer protection, the Natural Diamond Council (NDC) has announced the launch of the new ASSURE 2.0 online portal. The updated portal enables all purchasers of Diamond Verification Instruments to browse through the Directory, understand the features and analyse the results of the new series of ASSURE testing.
18/11/2022 13:57UPDATE ON WILLIAMSON TSF DAM BREACH: (announced by Petra Diamonds November, 30, 2022)
Impact on the environment and local community
18/11/2022 13:52UPDATE (Nov. 24, 2022): ARCTIC CANADIAN ANNOUNCES AUCTION VIEWING DATES
Where can they come and do viewings: Arctic Canadian Diamond - Schupstraat 15
When: 08-14 December viewings and on 15 December live auction
Who should they contact for an appointment: receptionantwerp@arcticcanadian.ca
More info at: latifa.elkostit@arcticcanadian.ca
17/11/2022 15:08Lucara Diamond has concluded and extension on their diamond sales agreement with Lucara Botswana, and HB Antwerp Antwerp Trading, with the intent of selling +10.8 carat rough diamonds produced from Lucara’s Karowe mine through December 31, 2032. The general terms of the deal are as follows: Lucara’s +10.8 carat production is sold at prices based on the estimated polished outcome of each diamond, determined through state-of-the-art scanning and planning technology, with a true up paid on actual achieved polished sales thereafter, less a fee and the cost of manufacturing.
17/11/2022 11:13Christie’s is at it again, presenting one of the finest fancy vivid pink emerald-cut diamonds ever to be offered at auction as part of its Magnificent Jewels sale on 6th December, in New York.
The Fancy Vivid Pink Diamond Ring (estimate: $25,000,000-35,000,000) is set with a 13.15-carat VVS1 clarity, potentially internally flawless diamond.
16/11/2022 15:50Lucapa Diamond Company Limited has announced earlier this week that seven exceptional diamonds achieved USD $20.4 million on international diamond tender. The international diamond tender was conducted by SODIAM E.P. in Luanda, Angola and featured seven special sized diamonds weighing 767 carats. The diamonds were recovered by SML from the Lulo alluvial mine. Most notably, “The Lulo Rose”, a 170-carat fancy coloured diamond was among the stones up for tender, along with three +100 carat white Type IIa diamonds and three other special sized white Type IIa stones.
21/10/2022 16:45The American Gem Society (AGS) will shut down laboratory operations at the end of this year and integrate them into the Gemological Institute of America (GIA).
AGS Laboratories’ research staff, intellectual property (IP), technology and Las Vegas facility will become part of the GIA, the two organizations announced Wednesday. AGS Laboratories will continue to provide services until the end of 2022 and will contact clients with details of the transition, it said.
21/10/2022 11:11SODIAM, the State-owned company responsible for marketing Angola’s diamond mining output has announced that they will hold a tender in Luanda. Viewings are scheduled to take place between 24 October and 14 November 2022 at SODIAM’s office and the bid submission - electronically only - will end on 15 November 2022 at 10:00 a.m. Luanda time.
The sale is exclusively targeting SODIAM-registered customers that have a proven expertise in large stones, as the tendered lots will include a total of (43) single stones:
21/10/2022 10:34In recent years, the Kao Mine in Lesotho has established itself as a leading producer of exceptional pink diamonds. Over the last few years, some remarkable stones have been recovered, including the Pink Storm, the Purple Princess and the Rose of Kao. The last discovery, the Pink Palesa a 21.86-carat Pink Palesa diamond, was sold in June of 2021 in Antwerp by Bonas Group.
20/10/2022 12:44After the recent record setting price breaker auction of the Williamson Pink Star, Sotheby’s now announces that they will soon auction eight blue diamonds sourced from the De Beers Group, with the De Beers Exceptional Blue collection expected to fetch more than $US85 million.
17/10/2022 12:05Mid September Bruce Cleaver still attended FACETS 2022, the conference on Diamonds in The Age Of The Consumer in Antwerp, organized by the Antwerp World Dmaiamond Center (AWDC). Today he announced that he will be stepping down from his role of CEO of De Beers after 8 years of holding the post, opting for the role of co-chairman of the diamond behemoth. He joined De Beers group in 2005 and became CEO in 2016.
17/10/2022 12:01Selling to an undisclosed buyer at the Sotheby’s auction house in Hong Kong, the Williamson Pink Star diamond sold at 58 million dollars, fetching more than double the anticipated sales price. The pastel-hued diamond was named in honor of two other pink diamonds, the CTF Pink Star, which sold for $71.2 million in 2017, and the "Williamson" diamond, a pink diamond gifted to Queen Elizabeth II.
The pink colored 11.15-carat diamond is a rare find among gem quality stones and was discovered at the well-known Mwadui mines in Tanzania.
27/07/2022 10:25Australian miner Lucapa discovered a massive 170ct pink diamond at its Angolan Lulo mine, believed to be the largest pink recovered in the past 300 years. The incredibly rare find is named "The Lulo Rose".
20/07/2022 12:12Gem Diamonds has recovered another 114ct rough at the Letšeng Lesotho mine, just a month after the discovery of a 245ct Type II white, the fourth 100ct+ stone in the past two months.
14/07/2022 19:54Since March 2022, both the polished diamond import and diamond retail market have taken a toll from a new wave of Covid-19 pandemic in China, as the local administrations nationwide have strengthened preventive and control measures.
14/07/2022 10:07Israel-based diamond tech company Sarine Technologies and the Chinese state lab National Gemstone Testing Center (NGTC) announced a partnership that includes Sarine’s light performance technology (“Sarine Light”) has resulted in a co-branded new industry standard for this grading feature on the Chinese market. NGTC will include the light performance grading in its grading reports.
14/07/2022 09:49Last week, Van Cleef & Arpels revealed its Legend of Diamonds, 25 Mystery Set jewels. The process took four years to complete, from the moment Antwerp based diamond companies and manufacturers Taché and Samir Gems bought the 910ct, type IIa Lesotho Legend discovered at the Lesotho Letšeng mine, in 2018 to the 67 diamonds that were cut by Antwerp’s high-tech diamond polishing company Diamcad, to the creation of a bespoke Mystery Set collection of 25 unique pieces incorporating the polished stones.
14/07/2022 09:18The “Watch & Jewellery Initiative 2030”, initiated last year by Cartier (Richemont) and conglomerate Kering, has appointed Belgian Iris Van der Veken, former Executive Director of the Responsible Jewellery Council (RJC), as Executive Director and Secretary General. Van der Veken’s task will be to set up a governance structure that can help the initiative to reach its goals, enabling participating brands and companies to achieve commitments regarding climate, diversity, health and safety, labor conditions etc.
30/06/2022 06:18On Tuesday, President Masisi of Botswana, the First Lady, and a large delegation including the country's Minister of Minerals and Energy Moagi and Minister of International Affairs and Cooperation Kwape visited the Antwerp diamond community.
27/06/2022 18:19The Antwerp World Diamond Centre (AWDC), the industry organization representing Antwerp’s 1600 diamond companies and service providers, has appointed David Gotlib as its new President, replacing outgoing President Chaim Pluczenik. The Board also appointed Sahag Arslanian and Amish Jain as Vice Presidents.
17/06/2022 06:14The Financial Times reports that the Angolan Government has blocked and taken over the 18% stake of the Chinese company LLI (part of Sonangol) in Catoca. The Government now holds 59% of shares in Angola’s largest mine through IGAPE, the state body managing govt shareholding in companies active in the country. The move is considered another step in President Lourenço’s reform policy, reducing the interdependence with China that was established under the Dos Santos regime, when deals between Angola and China, especially in the oil business, were booming.
15/06/2022 06:40The Gemological Institute of America (GIA) announced that it has started a winddown of its paper reports, starting with its most popular article, the Diamond Report, to go digital only in January next year. Graded diamonds will be returned with a QR code and the report can be consulted online or via GIA's new app. GIA is also launching an AI-based (Artificial Intelligence) service for diamonds graded in the new system, matching the inscribed diamonds with the digital grading report via a dedicated instrument, which will be available later this year at US$695, JCK News reports.
15/06/2022 06:10Israel-based Lusix, producer of lab-grown diamonds completed an investment round of US$90m, and counts LVMH Luxury Ventures as one of its newly onboarded investors. The company will use the money to expand its production capacity later this year. In a Q&A with JCK News, industry analyst Paul Zimnisky discusses LGD trends, saying LGD prices have been dropping significantly lately as supply is booming. A 1.5ct for example dropped from US$3,500 to US$3,000, Zimnisky noted.
15/06/2022 05:50Barely two weeks after the discoveries of a 129ct and a 125ct, Gem Diamonds has added another rare find to the Lesotho Letšeng list, a 245ct white Type II white rough of exceptional quality.
07/06/2022 06:20Australia-based Newfield Resources, concluded its maiden sale of 5333ct rough produced in the miner’s Sierra Leone Tongo mine, via Antwerp tender specialist Bonas Group successfully, with total revenues amounting to US$1.44m. Strong demand pushed prices for the 15 trial sale lots to an average of US$269/ct, well over Newfields estimation of US$222/ct. Newfield will conduct more sales this year as the company starts production at two of the five identified kimberlites on the Tongo mining leases.
03/06/2022 11:35According to the Zimbabwe Independent, they have obtained evidence that over US$ 20m of diamond revenues was siphoned out of the country as the state-controlled diamond sales agency fails to handle continued corruption and malpractices. In its most recent tender, the four parcels on the block were won by two companies, Diamore DMCC (3 parcels) and NRTS Diamonds Ltd (1 parcel).
03/06/2022 11:04During a kickoff meeting that took place in Kananga, in the DRC’s Kasai region last week, the Antwerp World Diamond Centre (AWDC), together with the DRC’s Ministry of Mining and its subdivisions SAEMAPE and CEEC, NGO DDI@RESOLVE and tech company Everledger initiated OrigemA, a pilot project that aims to set up a fully transparent, digitally enabled mine-to-market program for Artisanal and Small-Scale Mining (ASM) cooperatives in the DRC.
03/06/2022 10:561,5 years after the closing of the famous Argyle mine in Western Australia, which produced the vast majority of the world’s fancy pink diamonds, Rio Tinto announces a partner program that will continue the legacy of the Argyle Pink Diamonds brand, releasing the names of the first two “Icon Partners”, John Calleija and Joh Glajz, both having worked with Argyle’s precious pink diamonds for decades.
- 03/06/2022 10:34
Australia-based Lucapa acquired the Merlin Diamond Project in the Northern Territory, Australia in 2021. The miner is currently progressing the Merlin Feasibility Study and assessing different mining methods for the kimberlite pipes including vertical pit mining (VPM), illustrated in this animation.
03/06/2022 10:11Gem Diamonds announced it has recovered a 125ct top white diamond at the Letšeng mine in Lesotho. Since 2006, the Lesotho mine, famed for its rough diamonds of exceptional sizes and quality, yielded more than 60 100+ct stones, 16 last year alone, six this year-to-date.
28/05/2022 08:32First Element reports extremely strong results from their Antwerp sale of Jagersfontein Developments and Rooipoort Developments production which closed on Monday (23rd May) at the Antwerp Tender Facility. 100% of the parcels on offer were sold with increases in prices seen across all categories, especially in the smaller goods. There were 112 companies who placed bids with 62 of them being successful. “It appears that the diamond market has recovered exceptionally well after the uncertainty seen in recent weeks.
13/05/2022 10:51Fintech company Luxus this week launched a platform where it plans to offer investment grade diamonds, fractionalized into smaller shares, modeled after fractionalized investing models such as the art platform Masterworks. The first diamond the company wants to list is an Argyle pink valued at US$400k, divided into 2,000 shares of US$200 each, pending SEC approval this month. Luxus gathered US$2.5m in seed money last summer and is the brainchild of former Blackstone managing director Dana Auslander and luxury PR specialist Gretchen Gunlocke Fenton.
06/05/2022 14:56According to CNN Business, lab-grown diamond jewelry sales are surging. But why is that? CNN asked a few diamond specialists to weigh in on this matter.
Independent diamond industry analyst Edahn Golan confirmed the increase. March data showed the number of sold engagement rings with a lab-grown diamond rose by 63% compared to last year, while the sales of engagement rings with a natural diamond declined by 25% in the same period.
03/05/2022 15:08Petra Diamonds announced the results of their Tender cycle 5 of fiscal year 2022. They sold 635,806 carats for a total of US$86.1 million. Prices decreased by 23.7% compared to Tender 4 (March 2022) but were up 3.2% on Tender 3 (December 2021).
The tender included a 13.74 ct blue Exceptional Stone for the Cullinan mine. The stone was sold into a partnership with Stargems for US$ 5.7 million, with Petra retaining a 50% interest in the profits.
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