In the spotlight

share

De Beers and the Antwerp World Diamond Centre (AWDC) are holding talks about potential cooperationin De Beers’ recently announced blockchain platform.
                                  

share

A new initiative to encourage the involvement of younger diamantaires in the industry is moving ahead, with its first major networking event to take place on September 15 during the Hong Kong Gems and Jewellery Fair.

share

Rio Tinto’s 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine produced excellent results "reflecting global demand and sustained price growth," the firm said.

Achieving the highest average price per carat since the tender began in 1984, the tender continued its double-digit price growth trajectory.

share

The World Federation of Diamond Bourses' (WFDB) Executive Committee meeting, which will take place next week in Idar-Oberstein, Germany, will enable the organization to hold discussions on the global diamond industry and a new strategy going forward.

share

De Beers' mother company, Anglo American, reported that the diamond miner's production rose 5% to 32.6 million carats, and that this year the company expects production to be in the range of 32-34 million carats. De Beers' underlying earnings soared 74% on the year to $923 million in 2014, according to Anglo American’s share in De Beers, with expansion being driven by higher rough diamond prices and lower operating costs.

share

The award of certificates to members of the first polishing course took place on Tuesday at the IDE's Modern Manufacturing Center. 
Attending the event were IDE President Shmuel Schnitzer, General Director of the Economy Ministry, Amit Lang, and senior members of the Israeli diamond sector, the IDE reported on its web site.

share

In 2014, the Israeli diamond industry maintained its export achievements of 2013, with a slight rise of $160 million in total polished and rough exports, according to figures published by the Ministry of Economy’s Diamond Controller Shmuel Mordechai.
 
Israel’s total combined exports of polished and rough diamonds stood at $9.324 billion in 2014, compared to $9.166 billion in 2013.
 

share

At a meeting at the Israel Diamond Exchange (IDE), bourse president Shmuel Schnitzer and IDE management discussed the creation of a code of ethics for exchange members to operate by with Israel Prize winner Professor Asa Kasher and other Israeli experts.

share

Petra Diamonds Ltd reported the discovery of a 122.52-carat blue diamond at its Cullinan mine in South Africa.

"The stone will require further analysis in order to assess its potential value and upon completion of this process, Petra will be in a position to evaluate its optimal route to market.

"The diamond will therefore not be sold before the end of the company's current financial year (30 June 2014).

share

De Beers has updated its model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015 – March 2018 contract period.

Around 90 percent of De Beers’ total rough diamond availability by value is sold through GSS.

Pages