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Lucapa Sells $2M of Rough from Lulo Mine

Author: unknown - Published 25-07-2018 10:30 - ( Reads)
Lucapa Diamond Company garnered $2 million at its July sale of diamonds from the Lulo mine in Angola, it said Tuesday.

Firestone Sees Strong Bigger-Stone Demand

Author: unknown - Published 24-07-2018 20:24 - ( Reads)
Sales were strong at Firestone Diamonds in the fourth fiscal quarter amid robust demand for larger rough stones, the miner reported Monday.

Alrosa Sales Fall Amid Lower Supply

Author: unknown - Published 23-07-2018 20:18 - ( Reads)
Alrosa’s sales dropped in the second quarter as the closure of the Mir underground mine resulted in a lower supply of rough diamonds.

De Beers Group Signs Agreement to Acquire Peregrine Diamonds Ltd

Author: unknown - Published 20-07-2018 15:31 - ( Reads)
De Beers Group has announced that its Canadian mining business, De Beers Canada, has entered into an agreement to acquire 100 per cent of the outstanding securities of Peregrine Diamonds Ltd, owner of the high quality Chidliak diamond resource located in Canada’s Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 million.

Liquidity crisis for gems, jewellery sector as Nirav Modi case scares banks

Author: Dilip Kumar Jha - Published 20-07-2018 14:16 - ( Reads)
The Rs 5-trillion gems and jewellery industry in India is facing a huge liquidity crisis due to the reluctance of lenders to finance working capital loans over fears, which have been sparked by a couple of precedents set in the past few months, of default.

Rapaport Weekly Market Comment

Author: unknown - Published 19-07-2018 14:28 - ( Reads)
Slow trading, with dealers in summer vacation mode. Bargain-hunters asking for higher discounts during quiet period, but suppliers holding prices firm. Difficult to replace goods after recent price hikes and with fewer RapSpec A2+ goods on the market. US retail seasonally slow,

Pangolin Diamonds Corp. gains ground in Botswana

Author: unknown - Published 19-07-2018 14:24 - ( Reads)
TSXV-listed diamond explorer Pangolin Diamonds Corp. has finalised its joint venture agreement with privately-owned Botswana incorporated, Makanwu Civil Blasting, and now owns a 75% interest in the diamondiferous AK10 diamond project in Botswana – just 4 km from the now famous AK06/Karowe mine.

Harmony Gold reports fatality at Tshepong

Author: unknown - Published 19-07-2018 14:22 - ( Reads)
Harmony Gold Mining Company has reported that one of its employees was fatally injured in a fall of ground incident at its Tshepong mine in Welkom, Free State this morning (19 July 2018).

Three-day Indian jewellery expo concludes on a high note

Author: unknown - Published 18-07-2018 14:19 - ( Reads)
The 11th edition of three-day-long Indian Fashion Jewellery and Accessories Show (IFJAS 2018), organized by the Export Promotion Council for Handicrafts (EPCH) generated business inquiries worth Rs. 130 crores on its conclusion at India Expo Centre and Mart, Delhi-NCR.This year, for the first time, IFJAS was held concurrently with 61st India International Garment Fair.

Surat Must Pivot to Marketing, Says Rapaport

Author: unknown - Published 17-07-2018 14:27 - ( Reads)
Martin Rapaport has called on manufacturers in Surat to develop relationships with small US jewelers in an attempt to expand their sales and marketing.
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