Botswana diamond mine sold for $8.1m at online auction

Author: Mbongeni Mguni - Published 31-05-2018 00:55 - ( Reads)
A diamond mine in Botswana sold for $8.1 million at an online auction after its liquidators failed to secure viable offers via conventional bids.

8ct. Blue Sells for $20M at Christie’s

Author: unknown - Published 30-05-2018 06:14 - ( Reads)
The pear-shaped, fancy vivid blue, internally flawless piece by Moussaieff sold for just under $20.5 million, or $2.6 million per carat, Christie’s said. Its original estimate was $18.5 million to $24.9 million (HKD 145 million to HKD 195 million).

De Beers admits defeat over man-made diamonds

Author: Ivana Kottasová - Published 29-05-2018 22:55 - ( Reads)
De Beers launched a new jewelry brand on Tuesday that features synthetic diamonds, a major reversal for a company that had implored consumers to stick with "real" stones.

Forevermark Opens Boutique in India

Author: unknown - Published 29-05-2018 09:22 - ( Reads)
Forevermark, in collaboration with retailer Indian Gem & Jewellery Creation, has opened a boutique in India that will exclusively feature stones from the De Beers-owned brand.

India seeks gold, diamond mining rights in Russia

Author: unknown - Published 29-05-2018 01:48 - ( Reads)
India is seeking rights to mine for gold and diamonds in Russia's resource-rich Far East, Trade Minister Suresh Prabhu told Reuters on Tuesday.

Cheer at home as global diamond demand rises

Author: Sutanuka Ghosal - Published 25-05-2018 09:54 - ( Reads)
Rough diamond prices have risen 3-4 per cent in the past one month as global demand has strengthened, offering some relief to domestic diamond manufacturing sector which has seen bank credit tighten in the wake of the alleged Rs 14,000-crore Punjab National Bank fraud case.

Lucapa prepares for Angolan diamond rush

Author: unknown - Published 24-05-2018 21:53 - ( Reads)
Speaking at Lucapa Diamond Company's AGM chairman, Miles Kennedy, reiterated the company's will to assist the Angolan Government to achieve its goal of doubling diamond production.

World's largest freshwater pearl up for auction in the Netherlands

Author: unknown - Published 24-05-2018 21:33 - ( Reads)
The world's largest known freshwater pearl is going on sale at a public auction in the Netherlands next week. Known as "The Sleeping Lion" due to its unique shape, the rare natural object weighs almost 120 grams (4 ounces) and is over 2.7 inches long.

Rapaport Weekly Market Comment

Author: unknown - Published 24-05-2018 10:59 - ( Reads)
Positive sentiment ahead of Las Vegas shows. Suppliers maintaining firm polished prices and buyers acclimating to new levels. Strong US market fuels 2017 global diamond jewelry demand +2% to $82B, according to De Beers. Momentum continues in 1Q as Macy’s, J.C. Penney note standout jewelry category. Tiffany & Co. 1Q sales +9% to $1B, profit +53% to $142M. Richemont FY jewelry sales at Cartier, Van Cleef & Arpels +9% to $5.3B. Rough trading robust, despite increased bank caution. De Beers raises prices during $550M May sight. ABN Amro reduces diamond lending and plans to close US and Dubai branches. Rapaport to host annual Las Vegas conference on Sunday, June 3, at 8 a.m. Register

Petra Diamonds to Raise $178 Million to Help Lower Debt

Author: Thomas Biesheuvel - Published 24-05-2018 01:25 - ( Reads)
Petra Diamonds Ltd. plans to raise $178 million from shareholders as the southern African gem miner seeks to cut a debt load that has seen it breach its banking terms.
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