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Letšeng Sales Fall Amid Lower-Quality Output

Author: unknown - Published 07-02-2019 15:51 - ( Reads)
Gem Diamonds’ sales slumped in the fourth quarter as the miner produced fewer valuable stones at its Letšeng mine

GIA Sheds Light on De Beers’ Synthetics

Author: unknown - Published 07-02-2019 15:48 - ( Reads)
Two white lab-grown diamonds from De Beers’ Lightbox brand have G color and VS clarity, the Gemological Institute of America (GIA) said after examining the stones.

Lucapa in $22.9m diamond sale

Author: - Published 01-02-2019 12:12 - ( Reads)
Lucapa Diamond Company has announced it has sold US$16.7 million ($22.9 million) worth of diamonds at an Angolan auction.

Gold prices are expected to trade higher today: Angel Commodities

Author: unknown - Published 01-02-2019 12:02 - ( Reads)
On Thursday, spot gold prices rose marginally by 0.08 percent to close at $1320.6 per tonne. Prices continue their uptrend after the U.S. Federal Reserve paused their rate hike cycle

India: Polished Manufacturing Slows

Author: unknown - Published 31-01-2019 12:17 - ( Reads)
Dealers and cutters cautious as US restocking is slower than expected. Low volume of new goods coming to the market, with significant slowdown in diamond manufacturing. Inventory levels high and suppliers offering old stock at deeper discounts. Steady demand for SI-I1 clarity goods. Concerns about tight profit margins and reduced bank credit. Rough trading relatively slow following De Beers sight

Rapaport Weekly Market Comment

Author: unknown - Published 31-01-2019 12:14 - ( Reads)
Polished trading sluggish with Far East dealers on holiday for Chinese New Year. Reduced expectations for Chinese Year of the Pig after 4Q slowdown. US buyers cautious as Conference Board consumer confidence index falls 5% to 18-month low, due to volatile stock market and government shutdown. High-end luxury doing well. LVMH 4Q jewelry and watch revenue +8% to $1.3B. Rough premiums decline, with continued weakness in low-value goods at $505M De Beers sight. Petra Diamonds 1H sales +8% to $207M, production +10% to 2M cts., average price -6% to $119/ct. Rapaport Group announces trip to Sierra Leone (April 1-4) to highlight artisanal mining industry.

Local Jewellery Demand Eases Marginally To 598 Tonnes In 2018

Author: unknown - Published 31-01-2019 12:04 - ( Reads)
Annual Indian gold jewellery demand weakened marginally to 598 tonnes (t) in 2018, from 601.9t in 2017, noted the World Gold Council (WGC) in its latest Gold Demand Trends update. Q4 demand was also fractionally lower y-o-y (180.1t v. 182.4t), as consumers showed caution in the face of high and volatile local gold prices. Demand was constrained in 2018 as there were relatively few auspicious wedding days in the Hindu calendar. This had a particularly pronounced effect on Q4 demand, given that November and December are traditionally peak wedding season months. The outlook is more positive for 2019, as there is a marked increase in the number of such auspicious days.
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