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De Beers Partners With Circa to Offer Natural Diamond Authentication

Author: Fiona Ma - Published 31-10-2019 22:46
De Beers has partnered with Circa, buyers of pre-owned jewelry and watches, to help authenticate pre-owned diamonds. De Beers diamond detection technology will be adopted and implemented by Circa to provide confidence to those selling their jewelry.

Diamond Manufacturers Must Brace for Automation

Author: unknown - Published 31-10-2019 22:42
Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different sizes before being sent for further aggregation. The goods are fed into machines that determine their color and clarity potential while also assessing where the stone fits best amid the many assortment options. The diamonds are then run through the company’s computer-based planning mechanism, which analyzes how to get the optimal polished yield.

South Africa grants Botswana Diamonds mining permit for Marsfontein

Author: Cecilia Jamasmie - Published 28-10-2019 22:43
Botswana Diamonds (LON:BOD) said Monday that it had received a mining permit for diamond-bearing gravels and residual unprocessed stockpiles around its Marsfontein mine in Limpopo, South Africa.

Dhanteras 2019: Gold prices rise today, silver rates surge

Author: Surajit Dasgupta - Published 25-10-2019 12:54
Dhanteras is considered auspicious for buying gold. From last year's Dhanteras to this year's Dhanteras, gold prices are up about 20%, making investors happy. On MCX, prices of gold futures contracts edged higher by ₹82 to ₹38,434. In the previous session, gold prices had surged 0.91% or nearly ₹350 per 10 gram. Gold prices have edged higher just ahead of Dhanteras, tracking a similar move in global markets. Silver prices on MCX rose 1.85% to ₹46,844 per kg, adding to Thursday's 1.5% gain.

Alrosa finds 230 ct diamond

Author: unknown - Published 25-10-2019 12:07
Russian diamond miner Alrosa has unearthed its largest gem-quality diamond in more than three years: a 232.4-ct stone that was unearthed at the Udachnaya kimberlite pipe.

Rapaport Weekly Market Comment

Author: unknown - Published 24-10-2019 12:10
Indian companies filling final orders ahead of Diwali. Manufacturing slowing before the festival with factories closing until late November. Steady demand for select categories but traders struggling to sell unwanted items. Markets quiet in Israel, Antwerp and New York following Jewish holiday period. De Beers inventory up in 3Q due to weak rough demand and despite production decline -14% to 7.4M cts. Miner predicts elevated stock levels will last until 2020. Alrosa 3Q sales -37% to $611M, output +15% to 12.1M cts. Jewelry business closures +27% to 286 in 3Q, JBT reports. Signet launches synthetic diamonds at Kay and Jared. The Rapaport Group wishes all our friends a happy Diwali.

Christie’s, De Beers Partner on London Exhibition

Author: unknown - Published 24-10-2019 12:09
Christie’s will collaborate with De Beers to stage a museum-quality exhibition in London aimed at educating the public about the science of diamonds, the auction house said.

Weak Prices Dent Petra Revenue

Author: unknown - Published 23-10-2019 12:53
Petra Diamonds’ revenue fell in the first fiscal quarter amid a drop in the average price and a weaker product mix at three of its mines.
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