Tzoffey's 1818, the Israeli-French auction house, will be tendering a rough diamond of almost 100 carats during its upcoming rough diamond tender that will be held August 30- September 3, at the company's new premises in the lobby of the Diamond Tower of the Israel Diamond Exchange complex in Ramat Gan.
Former Rio Tinto Diamonds executive, Reid Mackie, has moved to Mountain Province Diamonds Inc. where he will take up the position of Vice President Diamond Marketing.
Mackie has a long history in the diamond industry, having served as Manager, Sales and Marketing, for Argyle Pink Diamonds in Perth, and Senior Executive Trader for the firm in Antwerp.
In light of rising numbers of terror attacks, the Israel Diamond Exchange's security system will be operating at an increased level to ensure top security at the exchange's four buildings.
In a statement signed by the IDE's Security Committee Chairman Shalom Papir, the announcement said that rules and regulation relating to the opening of fire by guards and the use of force during a security event have been refreshed.
The sale included excellent quality white stones, with a value of $5,000 per carat achieved for one particular five carat stone.
It will be explored as part of the ongoing 50/50 exploration joint venture between Botswana Diamonds and Alrosa.
Zimbabwe wants to merge all diamond mining firms in the country, including the local unit of Rio Tinto, into one company in which the state will own just over half of the shares, the country’s minister of mines said in parliament.
The government announced previously that it aims to merge some of the diamond companies operating in the Marange area, in which it already owns 50 percent of the shares, to improve transparency.
Russian diamond mining giant Alrosa has recovered a 78.02-carat diamond from its Mir kimberlite pipe.
The miner, which produces a quarter of global output, said in a statement that the diamond measures 28.5mm by 28.4mm by 24.2mm.
The stone has some small inclusions, and is transparent with yellowish and greenish hues, the firm said.
Andrey Zharkov, the newly appointed President of the Russian mining company ALROSA, the world's largest diamond producer by volume, confirmed that he will be heading an ALROSA delegation to attend the 2015 Presidents' Meeting in Tel Aviv next week.
The ADK's history-making first edition of the Rough Diamond Days was held last November.