AngloGold Ashanti Posts Strong Q3

AngloGold Ashanti delivered a solid third-quarter operating result, with steady production and a significant drop in costs helping drive net debt down by 15% year-on-year. Production for the full year remains forecast for the top end of the guidance range, while costs are expected at the lower end.

Production from retained operations, after stripping out the South Africa asset sales, was 851,000oz at a total cash cost of $722/oz for the quarter ended 30 September 2018, compared with 853,000oz at $743/oz in the corresponding period of last year. Mponeng, Kibali, Iduapriem and Tropicana delivered standout performances. In South Africa the restructuring process to better match support infrastructure with the smaller production base, is largely complete.

China to Continue Driving Silver

China will continue to be a major driver in the global silver market for the foreseeable future, fueled by continued industrial demand and silver mining activity, according to Prospects for the Chinese Silver Market, a report recently published by The Silver Institute.

China is not only the largest consumer of silver globally but the world’s third largest mine producer, the report noted. “Starting with supply, Chinese mine production has averaged 110 Moz over 2010-17… This puts China in a position to also be a key supplier of metal to a number of silver-hungry nations, most notably India. China is also a leading fabricator. During 2010-17, total Chinese fabrication averaged 153 Moz accounting for 18% of the global total.”

Wedding Charisma by TBZ- The Original

TBZ- the Original, a premium fine and India’s most trusted and well known jewellery brand launches its latest collection Wedding Charisma for this wedding season. Known for their bridal creations TBZ-The original is a treat for the to-be bride’s with breath taking jewels that boast of unmatched designs and quality. The grandeur of each piece complemented with flawless craftsmanship is sure to cast a spell and embrace your bridal glow.

This fascinating and awe inspiring collection is best for modern brides and the assortment have a balanced mix of traditional and modern aesthetics exuberating utmost grace. The beautiful collection comprises of stunning earrings and jhumkas, gorgeous chokers and necklaces, handcrafted rings with emeralds and rubies, Pearl nath with uncut diamonds & bangles with a personalised touch. The beautiful assemblage of jewels is crafted in gold encrusted with polkis, kundan, & pearls; the assortment is as unique and charming with a touch of Indian heritage.

IIG announces a joint venture with VIVA!

The International Institute of Gemmology (IIG), one of the leading training institutes in the diamond industry claims a brand new collaboration with the leading diamond exporter VIVA International based in Hong Kong. The official announcement happened at the IIG Mumbai office & that hosted by Riddhi Gupta, Business Development Head, IIG and Mr. Nikhil Sheth, Managing Director, VIVA International.

The joint venture to open doors for a brand new IIG centre in the city of Hong Kong and lay several opportunities for the IIG students to participate in their one of a kind programs. “Our technical expertise together with the educational expertise that IIG brings on board will be helpful for the students to gain practical knowledge that will help them gain an edge over their peer in the same field” said Mr. Nikhil Sheth, Managing Director-VIVA.

DDE and Stargems Tenders over 2mn cts

The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, today announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the Dubai Diamond Exchange in a secure, transparent and regulated environment.

Earlier this year, DMCC signed a strategic partnership with Stargems, specialised in the sourcing and supply of fine diamonds, to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower.

Kagem Surveying Emerald Fields

The glamour of the red carpet at Cannes or Hollywood is a far cry from the hot and dusty pit of the world’s single largest producing emerald mine, Kagem in Lufwanyama. But for the team at the mine, the excitement of seeing Zambia’s emeralds on the world stage makes their job worthwhile.

For one of the mine’s longest serving employees, Senior Manager for Planning and Surveying, Aaron Nyangu, it is the culmination of years of training, experience and hard work that he is now passing on to the next generation of mining engineers. “I feel proud to see those celebrities wearing our emeralds from Kagem. It’s a great feeling,” said Mr Nyangu enthusiastically.

Sarine Improved Profitability in Q3

Sarine announced its financial results for the third quarter and nine months ended 30 September 2018. According to the review, as in prior years, demand for capital equipment by diamond manufacturers slowed in Q3.

In addition to this cyclicality, industry sentiments in Q3 2018 were affected by a number of macroeconomic factors, including uncertainties surrounding the impact of trade tariffs on China, credit tightening by Indian banks, increased volatility in foreign exchange rates and uncertainties relating to the long-term effects of the advent of lab-grown diamonds (LGD) into the market.

Solely Automation could not work!

Automation in gem-n-jewellery industry & through pipeline requires adequate management of 70% & 30% adoption of the technology including mining. While automation is often seen as silver bullets that can solve a range of mining’s problems, for Roy Hill’s Christine Eriksen automation is actually a holistic approach with the majority of the time, effort and funds to be invested in changing in the people working with the technology on the frontline.

“You realised that silver bullet approach solely based on technology wasn’t going to work. That’s why Roy Hill has developed System Thinking,” said the General Manager Improvement & Smart Business during her “What's happened since we embraced smart mining into our operations case study” presentation at International Mining and Resources Conference in Melbourne.

18.96ct Fancy Vivid Pink diamond auction today!

The Pink Legacy a sensational coloured diamond ring is being estimated CHF 30,000,000 - CHF 50,000,000

(USD 30,022,901 - USD 50,038,169) to auction today!

As part of Geneva Luxury Sales, Christie’s Magnificent Jewels auction will take place on 13 November, offering over 300 exceptional jewels and designs. The Pink Legacy of an 18.96 carat Fancy Vivid Pink diamond- fancy-cut diamonds of VS1 clarity, type IIa, platinum, ring size, is leading the auction and will be offered alongside other incomparable diamonds, gemstones and pearls.

A Bionic Eye Closer to 3D printer Reality

The dream of producing a bionic eye has taken a step closer thanks to silver. The challenge of making such a prosthetic has always been to layer light-sensitive materials onto an orb without the distortion inherent in placing two-dimensional objects even thin ones like wires onto a rounded surface.

Researchers at the University of Minnesota claim to be the first to use a 3D printer to overlay light receptors on a hemispherical glass surface. Michael McAlpine, a coauthor of the study 3D Printed Polymer Photo detectors and Associate Professor of Mechanical Engineering, said in prepared remarks: “Bionic eyes are usually thought of as science fiction, but now we are closer than ever using a multi-material 3D printer.”