Huge diamonds keep coming out of Lucapa’s Lulo mine in Angola

Author: unknown - Published 13-07-2018 20:49 - ( Reads)
Mining reported that Australia’s Lucapa Diamond has found yet another large sparkler at its prolific Lulo mine in Angola a 114-carat diamond, the eleventh 100-plus carat diamond recovered to date and the third this year.

Gold buying picks up in India on low prices

Author: Rajendra Jadhav, Apeksha Nair - Published 13-07-2018 04:03 - ( Reads)
Demand for physical gold in India picked up this week as prices fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, traders and analysts said.

Rio Tinto Unveils Its Largest Vivid Pink Diamond

Author: unknown - Published 13-07-2018 03:40 - ( Reads)
Rio Tinto has unveiled the largest Vivid Pink diamond in the history of its Argyle Pink Diamonds Tender, during a world exclusive preview in Sydney.

Rapaport Weekly Market Comment

Author: unknown - Published 12-07-2018 10:59 - ( Reads)
Polished trading seasonally quiet. Asian demand driving activity during US vacation period. Chinese buyers shifting to lower colors amid yuan currency devaluation (-4% since June 1 to CNY 6.67/$1). Weaker yuan will also impact tourist jewelry shopping. Dossiers selling well, with good orders for 0.50 ct., D-M, VS-SI, RapSpec A2+ diamonds. Polished suppliers maintaining steady prices after rough-price hikes. Miners limiting 2018 supply after global 2017 KP rough production +29% to $15.9B, volume +19% to 151M cts., average price +8% to $105/ct. Alrosa 1H sales estimated +8% to $2.7B. Petra Diamonds sells 76% stake in Kimberley operations to Ekapa Mining for $22M.

Cartier Unveils All-New High-Jewelry Coloratura Collection With Unique Pieces Inspired By Color

Author: Roberta Naas - Published 10-07-2018 07:57 - ( Reads)
Last week at Haute Couture Fashion week in Paris, French Jeweler Cartier officially unveiled its Coloratura high-jewelry collection that – as its name suggests – celebrates vibrant color and artistic cultures. Designed as a sensory exploration of color, Coloratura blends past and present for unique pieces of jewelry that utilize rich shades prevalent in India, animal hues that embrace life in Africa, subtle tones reminiscent of the spirit of Japan, and more.

De Beers, Botswana Prep for New Sales Deal

Author: Avi Krawitz - Published 09-07-2018 07:30 - ( Reads)
Botswana once again finds itself at a crossroads. The sparsely populated, landlocked country is in a constant battle to ensure the longevity of its diamond industry.

Gold prices rise for 3rd day on sustained local demand

Author: unknown - Published 06-07-2018 04:56 - ( Reads)
Gold prices rose by Rs 110 to Rs 31,690 per 10 grams, supported by continued buying by local jewellers despite a weak trend overseas, reported PTI. In global markets, gold prices declined ahead of key US payrolls data and as global equities stood firm, though the metal was on course for slight gains for the week as the dollar drifts lower amid escalating US-China trade tensions. In Delhi, gold rate of 99.9% and 99.5% purity surged by Rs 110 each to Rs 31,690 and Rs 31,540 per 10 grams, respectively

Post-Nirav Modi saga, diamond fraternity aim to regain trust, push exports to $60bn by 2022

Author: Tasmayee Laha Roy - Published 05-07-2018 21:01 - ( Reads)
The Nirav Modi scam might have left some with bad memories, but the diamond fraternity has moved on. The Gems and Jewelry Export Promotion Council (GJEPC) is now aiming to regain trust from the sector and meet their target of pushing India’s exports to $60 billion by 2022.

Rapaport Weekly Market Comment

Author: unknown - Published 05-07-2018 10:58 - ( Reads)
Diamond market slows as US wholesalers take vacation. Positive sentiment continues after polished prices strengthen in second quarter. 1 ct. RAPI +0.8% in June. Manufacturers upholding discounts as they defend high rough prices. Depreciation of currencies in China and India reducing budgets of local dealers and causing shift in demand to lower qualities. Diamantaires aligning their inventory with retailers’ needs and mining supply, resulting in slightly lower stock levels than this time last year. Improving demand for 0.70 ct., G-J, VS-SI, RapSpec A3+ after extended weak period. Belgium June rough imports -13% to $864M. Botswana’s Okavango joins GIA M2M tracking program.
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