DeBeers production remained up to 7.8 mn cts in 4Q

DeBeers rough diamond production decreased by 15 per cent to 7.8 million carats, driven by lower production levels in South Africa and Botswana. While trading conditions have improved since Q3 2019, production was reduced in response to softer rough diamond demand conditions experienced in the year.

Botswana diamond production decreased by seven per cent to 5.9 million carats, Orapa production decreased by 29 per cent, caused by a delay in an infrastructure project and expected lower grades. This was partially offset by a 21 per cent increase at Jwaneng, driven by planned increases in both tonnes treated and grade.

WEF calls for reskill 1 billion people by 2030

Estimates say we need to reskill one billion people by 2030 and the World Economic Forum (WEF) launched Reskilling Revolution, a multi-stakeholder effort to do just that. Press conference featured representatives from some of the initiative's founding partners: Ivanka Trump, Assistant and Advisor to the US President, Marc Benioff, Chairman and Co-CEO of Sales force, Peter Hummelgaard, Denmark's Minister for Employment, and Ahmad Belhoul, UAE Minister of State for Higher Education and Advanced Skills.

NRF says 2019 holiday sales were up 4.1%

Holiday retail sales during 2019 grew 4.1 percent over the same period in 2018 to $730.2 billion, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6 percent over the year before at $167.8 billion and are included in the total.

“Having spent the last week with top retail leaders from around the world at our annual convention, and spending time at the White House yesterday with government policymakers and economists, these numbers validate continued optimism for increased investment and opportunity in the retail industry,” NRF President and CEO Matthew Shay said.

GSI and KMJ Jewellers host a live demo session for diamond jewelry care!

Gemological Science International (GSI), one of the largest independently owned gemological organizations in the world recently hosted a jewelry cleaning session with free interactive demo session for clients at the KMJ Jewelers showroom.

Customers came in with their jewelry to witness the shine after cleaning it through the ultra sonic machine. The ultrasonic machines are used to remove heavy dirt and grime. The jewelry was cleaned under the expert supervision of GSI staff.

Market disruptions and managing risk in uncertainty

The Dubai Multi Commodities Centre (DMCC), in collaboration with the Dubai Gold and Commodities Exchange (DGCX) and Richcomm Global Services DMCC, organises the seventh edition of the Global Commodity Outlook Conference to be held under the theme, Market Disruptions and Managing Risk in Uncertainty at Almas Conference Centre, Jumeirah Lakes Towers, Dubai, UAE on Sunday, 09 February 2020.

This year’s GCOC will host a series of panel discussions on how the commerce industry can positively navigate the challenges exacerbated by political, economic and natural forces. In addition, it will explore how to exploit opportunities in 2020 to create a more sustainable future.

Festive Collection with Exciting Offers

Reliance Jewels, one of India’s most trusted jewellery brands, has launched their latest Sankranti & Lohri special jewellery collection to add to the festive fervour. It entails carefully designed pendants and bracelets for customers across Maharashtra, Karnataka, Andhra Pradesh, Telangana, Delhi, Punjab, Haryana, Himachal Pradesh and Odisha to look their best amidst the festivities. 

The leading jeweller has also launched an exquisite contemporary collection, Bella to further lift the holiday spirit of valued patrons. Minimalistic and trendy, it exudes elegance for the modern woman for everyday wear, and is an excellent gifting option for your loved ones this holiday season.

Alrosa’s sales reach $364 mn in December

Alrosa Group announces diamond sales results for December and twelve months of 2019. In December 2019, Alrosa Group sold $363.8 million worth of rough and polished diamonds (+11% YoY). Rough diamond sales by value amounted to $352.1 million, polished diamond sales – $11.6 million.

Alrosa’s total rough and polished diamond sales in January–December 2019 amounted to $3.338 billion. During the twelve months of 2019, rough diamonds were sold for $3.273 billion, polished diamonds – for $64.7 million.

Winners of The Real Cut-Season 3 announced!

Six winning natural diamond jewellery designers will get

to showcase their work at LFW Summer/Resort 2020 in

collaboration with well-known fashion designers from the industry!

After two successfully celebrated seasons, Diamond Producers Association (DPA), in partnership with India’s premier fashion platform for upcoming design talent, Lakmé Fashion Week (LFW) has announced the winners of the third edition of ‘The Real Cut’.

Speakers for Mediterranean Conference announced!

6th Mediterranean Gemmological & Jewellery Conference theme is valuation and marketing of diamonds and gems, and also features roundtable debate on the marketing of natural v/s lab-grown diamonds. The organisers of the Sixth Mediterranean Gemmological & Jewellery Conference, to take place in Thessaloniki, Greece, from May 15-17, have announced the top-level speakers taking part in the event.

The overall theme of the 2020 conference will be, Valuation and Marketing of  Diamonds And Gems, and the gathering will also feature seven parallel workshops. The conference has grown in stature and importance since the first event in 2015, and features scores of attendees and lecturers.

Yamana Gold Exceeds 2019 Production

Yamana Gold announces fourth quarter and full year preliminary 2019 production results, which exceeded guidance for gold, silver, and gold equivalent ounces (GEO). According to Yamana Gold, strong production momentum continued into the fourth quarter and for the full year 2019 with production results as presented in the tables below.

Fourth quarter production of 256,288 GEO, including 221,595 ounces of gold and 2.97 million ounces of silver, was above expectations. Full year production of 1.02 million GEO, including 900,339 ounces of gold, exceeded guidance of 1.01 million GEO and 899,000 ounces of gold. Full year silver production remained of 10.6 million ounces show that has exceeded over guidance of 10.0 million ounces at Yamana Gold.