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Alrosa unearths 191-carat diamond at Botuobinskaya pipe

Author: unknown - Published 30-12-2019 12:49
Just before the end of the year, the world’s top diamond producer by output, Alrosa (MCX: ALRS), unearthed a large 191-carat rough diamond at its Botuobinskaya kimberlite pipe in Yakutia, eastern Russia.

Graff Buys 20.7ct Firebird Vivid Yellow Diamond From ALROSA

Author: unknown - Published 30-12-2019 12:08
Graff Diamonds, the world-renowned hi-end jewelry brand, has acquired the Firebird 20.7 ct diamond from ALROSA. The parties do not disclose the transaction details, but note that it achieved one of the highest prices per carat for such stones in recent years.

Silver price jumps 8% in two weeks on industrial demand; gold follows suit

Author: Dilip Kumar Jha - Published 27-12-2019 15:59
The price of silver jumped 8 per cent in both domestic and international markets on the back of a sharp rise in industrial demand ahead of the Chinese New Year celebrations on January 25, 2020.

Rapaport Weekly Market Comment

Author: unknown - Published 26-12-2019 15:58
Good momentum as Mastercard reports holiday jewelry sales +1.8%, driven by +8.8% growth in e-commerce. General retail +3.4%. Mall traffic down but more people buying. Stores focused on creating unique customer experience. Tiffany & Co. holiday revenue up 1% to 3%, with strength in China and improvement in Europe and America. Polished trading slow as dealers close for Christmas-New Year. Diamantaires preparing for post-season demand, but manufacturers cautious about raising factory production. Lower rough supply, tech-driven efficiency and ethical sourcing to shape diamond industry in next decade. Rapaport wishes everyone a happy, healthy, ‎prosperous and peaceful New Year.‎

Diamond crisis averted, bigger crisis looms

Author: MichaelMcCrae - Published 26-12-2019 15:06
The closing of the Argyle Mine in Australia should jump-start the suffering diamond market, said Paul Zimnisky, independent diamond analyst and consultant, who talked to Kitco earlier this month

Graff Buys 20.7ct Firebird Vivid Yellow Diamond From ALROSA

Author: unknown - Published 24-12-2019 15:05
Graff Diamonds, the world-renowned hi-end jewelry brand, has acquired the Firebird 20.7ct diamond from ALROSA. The parties do not disclose the transaction details, but note that it achieved one of the highest prices per carat for such a stones in recent years.

Israel Diamond Week Goes International

Author: unknown - Published 24-12-2019 15:03
The upcoming International Diamond Week in Israel (IDWI) will feature exhibitors from outside the country for the first time, in the hopes of drawing in more buyers.

Renaissance Global Ltd receives 45th GJEPC award for largest exporter of Studded Precious Metal Jewellery

Author: unknown - Published 23-12-2019 15:00

The Gem and Jewellery Export Promotion Council (GJEPC) at its 45th award function to felicitate outstanding achievers of Indian Gems & Jewellery Industry has awarded Renaissance Global Limited (formerly Renaissance Jewellery Limited) as the country's largest exporter in the category of Precious Metal Jewellery - Studded for the year 2017-18. Renaissance has been judged based on its excellent export performance, value additions to the company and the industry.

Russian miner helps diamond trade

Author: Sutanuka Ghosal - Published 20-12-2019 14:12
In a relief to the Indian diamond trade, the world’s second largest diamond miner, Russia’s ALROSA, has granted flexibility to Indian sightholders, or authorised bulk purchasers of rough diamonds, to buy 55 per cent of the contracted volume so that they do not pile up inventory. The move will help the Indian diamond trade reeling under low export volumes, non-availability of bank finance and falling margins.
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