News
Rough diamond trading conditions continue to be challenging – De Beers
Diamond miner De Beers says rough diamond trading conditions continued to be challenging in the first half of the year.
Yesterday
CIBJO president addresses UN on sustainability efforts
Gaetano Cavalieri, president of the World Jewellery Confederation (CIBJO), spoke at the high-level segment of United Nations Economic and Social Council (ECOSOC) about the jewellery industry’s commitment to support sustainable development...
Yesterday
Australian gold miner Rox Resources enters the final business plan stage for prospective Youanmi project
The board of directors of Australian gold mining company Rox Resources Limited has approved the progress of the Youanmi project in the western Murchison region to the definitive feasibility study.
Yesterday
Nornickel mulls copper smelter JV with China Copper - sources
Norilsk Nickel is considering a joint venture with China Copper, a subsidiary of a major aluminum producer Chinalco, to build a copper smelter in China, according to sources cited by Reuters.
Yesterday
Six Lulo stones sell for $12.4m at Angola tender – Lucapa
Six diamonds from Lucapa Diamond's 40%-owned Lulo alluvial mine in Angola were sold for $12.4 million at a tender run by Sodiam E.P. in Luanda.
Yesterday
The Current State of the Diamond Market Is…Not Good
Yesterday
(jckonline.com) - Both the natural and lab-grown diamond sectors are hurting right now, industry members acknowledged at a panel on “The Current State of Diamond Market,” held July 16 during the Initiatives in Art and Culture’s 14th annual Gold + Diamond Conference in New York City.
Russia overtakes Botswana as a leading diamond producer by volume despite sanctions
19 july 2024
The Kimberley Process (KP) recently released its 2023 statistical data for trade and production of rough diamonds, by value and volume. What is of interest from the dataset is that the value of Russia's rough diamond output exceeded Botswana's for the first-time last year despite sanctions by the European Union and the G7 coupled with a poor market, which hampered the East European country's gem sales.
Diamonds pose a quantum block to India’s research ambition
12 july 2024
(thehindu.com) - Customs Department’s decision on who can and cannot import diamonds is taking some of the lustre off the National Quantum Mission (NQM), a ₹6,000-crore initiative, which may allow India take the lead in the emerging field of quantum technologies.
How Luxury Houses Are Boosting Their Jewelry Market Share
05 july 2024
(rapaport.com) - Richemont and LVMH are well positioned to increase their brands’ influence over the industry. Last year was a big one for luxury jewelry companies. Several brands celebrated milestones, launched new collections and unveiled physical locations, which further elevated their status among high-end consumers.
Probably more diamond industry uncertainty now than at any other point – Gemdax
28 june 2024
(miningweekly.com) - While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever to shape what the future will look like.
