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New Lab Grown Diamond Association Launched

Author: unknown - Published 17-05-2019 14:29
The Lab Grown Diamond Council (LGDC) was launched today in New York. The Mission of the LGDC is to develop and implement a multi-tiered, international communications program designed to increase the awareness of, knowledge about, and demand for Lab Grown Diamonds. Lab Grown Diamond Council was formed by Michael Barlerin and Chris Casey.

Gold Rate Today: Gold prices edge up on improved spot demand

Author: unknown - Published 17-05-2019 14:16
NEW DELHI: Gold prices edged up in futures trade on Friday, supported by improved demand by jewellers at the spot market and weakness of Indian rupee against US dollar.

Rapaport Weekly Market Comment

Author: unknown - Published 16-05-2019 15:32
Rising expectations for Las Vegas shows. Good demand for 0.70 to 1.99 ct., G-J, VS-SI, RapSpec A3+. Other categories weak. Large-stone dealers cautious amid high-end slowdown. Christie’s Geneva garners $62M (87% by lot) as cushion, 118.05 ct., fancy yellow, VS2 diamond sells for $7.1M ($60,000/ct.). Sotheby’s Geneva fetches $42M (77% by lot) with 36.57 ct., D, FL going for $5M ($137,036/ct.). Rough prices stable at De Beers sight but tight Indian liquidity impacting demand. Alrosa April sales -21% to $319M. Letšeng 1Q average price -42% to $1,900/ct. Petra sells 425 ct., D, type II rough to Stargems and Choron for $15M. Industry mourns the passing of Leo Schachter and Sam Abram.

De Beers, Namibia to spend $468m on world’s first custom-built diamond searching ship

Author: Cecilia Jamasmie - Published 16-05-2019 14:26
Debmarine, a 50/50 joint venture between world’s No. 1 diamond producer by value, De Beers, and the government of Namibia, will build a $468 million-diamond recovery ship, the world’s first custom-made vessel of such a kind and the seventh in the company’s fleet.

11ct. Purple Expected to Fetch Over $10M

Author: unknown - Published 15-05-2019 15:31
Hong Kong-based M&B Limited expects to sell a record-setting purple diamond for more than $10 million, after buying the stone from Alrosa

Weak Indian Demand Dents Alrosa Sales

Author: unknown - Published 13-05-2019 14:28
Sales at Alrosa fell 21% year on year to $318.7 million in April amid a continued slowdown in the Indian manufacturing sector.

Titan expects 20% growth despite slowdown in jewellery industry

Author: Jwalit Vyas - Published 10-05-2019 21:13
ET Intelligence Group: Bucking the trend in the midst of a slowdown in Indian consumption, TitanNSE 2.50 % maintained a growth guidance of 20 per cent for the current fiscal. India’s largest jeweller said last fiscal was not so good, but things have started to change from the beginning of the current fiscal, said the company management in a call with the analysts. Beside consolidation from structural changes is also helping.

Gold Rate Today: Gold prices slip on weak spot demand

Author: unknown - Published 10-05-2019 21:09
Gold prices slipped in futures trade on Friday on weaker demand by jewellers at spot markets.

A rise in equity market also weighed on the safe-haven metal. However, positive global cues supported the metal, restricting the metal's fall.

Lucara Diamond Corp. Announces Q1 2019 Results

Author: Ms. Eira Thomas - Published 09-05-2019 21:14
Q1 2019 was characterized by a continuation of the strong operating performance observed during the latter half of 2018, having met or exceeded guidance with respect to all  mining and processing activities including:
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