Search
Menu
No internet connection available
Archive
14/12/2022 13:25Petra announces the results of Tender 3 of FY 2023, at which 305,366 carats were sold for a total of US$42.3 million across Petra’s mining operations.
“Petra’s third tender for FY 2023 saw a 2.2% increase in like-for-like prices on Tender 2 FY 2023, reversing the downward trend observed in the previous two tenders. Although it is still too early to speculate on whether rough diamond prices have bottomed out, we are very satisfied with the overall result, “said Richard Duffy, CEO of Petra.
13/12/2022 09:59The IDEX Polished Price Index reported a 2.62% decline in November, standing at 132.76 – “its biggest monthly drop since April of this year.” According to the analysis, several factors are “dampening demand and squeezing prices” – uncertainties over the US economy, EU Recession fears for Q-4, the war in Ukraine and China’s Covid lockdowns along with the protests against them.
12/12/2022 13:13Sotheby’s got $12.4 million for the 303.1 ct. Golden Canary—the recut version of the Incomparable—making it the third most valuable yellow diamond ever sold at auction. The Golden Canary is a Fancy Deep Brownish Yellow color and is considered the largest internally flawless diamond in the world.
The story of the Golden Canary’s discovery is also quite captivating.
12/12/2022 12:42De Beers had two more strikeouts with its Exceptional Blue Collection recovered in Petra’s South African Cullinan mine, this last Dec. 7 - perhaps a harbinger of waning demand in the colored diamond auction market.
09/12/2022 09:38Rough diamond prices are likely to remain firm in FY2024 as no major ramp-up in mining output (of rough diamonds) is expected over the next two years. This, coupled with recessionary pressures, shall continue to exert pressure on the revenues and profit margins of Indian cut and polished diamond (CPD) entities in FY2024, according to credit rating agency ICRA.
09/12/2022 09:24Diamond miners in Zimbabwe are now required to pay half their royalties to the government in rough stones, 40 per cent in local currency and 10 per cent in foreign currency. The annual earnings of the mining sector have nearly doubled from US$2.7 billion in 2017 to US$5.73 billion in 2021. Projections by the Ministry of Finance show that mining earnings will reach US$7.3 billion by the end of the year, achieving 60.8% of the US$12 billion target for 2023.
08/12/2022 13:34Declaring a slight -0.09% loss on the GBX in 2022, Botswana Diamonds (BD) remains optimistic regarding their latest strategy of acquiring existing lots from former mining exploitations. This year alone the company has increased its stake to 50% in the Maibwe joint venture by acquiring a stake from the liquidator of BCL in Botswana, and then landed an acquisition deal of the KX36 discovery from Sekaka Diamonds (a subsidiary of Petra Diamonds) which contains substantial quantities of diamonds.
08/12/2022 12:02Lucapa Diamond Company together with Project Lulo partners, Endiama and Rosas & Petalas, announced the recovery of diamonds from the initial processing of the Lulo kimberlite L164 bulk sample through the stand-alone, dedicated kimberlite bulk sample plant.
07/12/2022 12:10The Chinese National Gemstone Testing Center (or NGTC for short) has issued the first digital certificates (or e-Certificate) for their strategic partner, Chow Taifook (or CTF for short). This is an important step for NGTC’s digitizing transformation. By downloading the NGTC APP or using the WeChat Applet, a user only needs to scan the NGTC certificate code to retrieve the NGTC digital certificate immediately.
07/12/2022 10:39With the imminent coronation of England’s newest monarch, Leviev Diamonds has unveiled “Empresses” — two rare, pristinely cut stones to pay tribute to Camilla, Queen Consort and Her Royal Highness Catherine, The Princess of Wales.
06/12/2022 12:56Molefi Letsiki is the chairman of the South African Diamond Dealers Club, executive committee member of The World Federation of Diamond Bourses and one of the founding members of Young Diamantaires. He is also the co-founder and former president of the South African Young Diamond Beneficiators Guild which aims to achieve increased diamond beneficiation of African produced rough diamonds, and ambassador of World Diamond Council systems of warranties.
06/12/2022 12:50PRESS RELEASE: Dec. 5, 2022, released by CIBJO
06/12/2022 12:46Philips has set the auction date of December 13, 2022, for the sale of lot-139, a Fancy pink diamond Boodles Necklace, among other pieces.
Set with an oval fancy intense pink diamond weighing 4.05 carats, the chain highlighted with collet-set brilliant-cut diamonds, mounted in platinum, length approximately 18 1/8 inches, signed Boodles, case stamped Boodles. The piece is accompanied by a certified GIA report (no. 2155635097), stating that the diamond is Fancy Intense Pink, Natural Color, with VS2 Clarity.
05/12/2022 13:05A one-of-a-kind yellow and pink diamond ring showcasing the finest gems from Rio Tinto’s diamond mines has been unveiled in Sydney. Titled the Diavik Midnight SunTM, this statement piece is a powerful symbol of the union of two of the world’s most coveted jewels: yellow diamonds from Rio Tinto’s Diavik diamond mine in sub-Arctic Canada, and Argyle Pink DiamondsTM from the iconic mine in the remote East Kimberley region of Western Australia.
01/12/2022 17:08Rolex a notable brand and player in the Antwerp diamond scene has reportedly bought 100,000 square meters of land in Bulle the equivalent of ten football fields about fourteen miles north of Montreux on Lake Geneva, in Western Switzerland. To keep up with increased global demand for their signature watches the company has plans to build a facility employing up to 2,000 people.
Rolex currently employs around 30,000 people, according to industry sources.
01/12/2022 14:14Newfield Resources has entered into an asset purchase and sales agreement with DelGatto Diamond Finance Fund (DDFF) for an initial amount of $1.2-million (before costs), payable within 12 months from future diamond sales, to assist with the continued development of the company’s Tongo diamond mine, in Sierra Leone, and for general working capital.
Newfield took over Tongo in March 2018 when it acquired London-based Stellar Diamonds for $23.6m. Before that the mine was owned by Israeli diamantaire Beny Steinmetz, through Koidu Holdings, in which he held a controlling stake.
30/11/2022 11:59Firestone has reported the successful resumption of operations at the Liqhobong Mine after a two and-a-half-year care and maintenance period which commenced from March 2020. Firestone management remained mindful that any potential restart of activities would be required to take place at minimal cost and in the shortest possible timeframe. To achieve this, a number of work-streams were run in parallel, including, particularly, appointing a long-term mining contractor and essential staff.
29/11/2022 16:44Jewellery giant Luk Fook Holdings says its interim net profit increased slightly by 0.6% year-over-year to $84 million USD (HK$658 million) for the six-month period ending September 30, mainly due to a recovery of retail business in Hong Kong, which was most notably offset by a 21% drop in wholesale revenue on mainland China.
The retailing business remained the group's primary source of revenue, which benefited from declining gold prices and recovery of retail sentiment in some regions.
28/11/2022 20:11Researchers from the German institutions Johannes Gutenberg University Mainz (JGU) and the Helmholtz Institute Mainz (HIM), working jointly on a German Federal Ministry of Education and Research-funded project, have developed a quantum sensor that could better ensure safe removal of brain tumors without harming healthy tissue that surround it or areas such as the motor cortex and nerve pathways (see video).
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.
- ‹ previous
- 3 of 5
- next ›