Parmigiani Fleurier offers Toric watch

Parmigiani Fleurier has taken one of the very finest complications, the perpetual calendar and inserted it into its most classic and timeless model: the Toric. With an ultra-accurate moon phase and retrograde perpetual date, the Toric Quantième Perpétuel Rétrograde is the most complex and accomplished of calendar timepieces.

Acquisition of Kristall approved

At its meeting on September 24, the Alrosa Supervisory Board approved the acquisition of a 100% stake in Joint-Stock Company “Production Corporation Kristall from the Russian Federation represented by the Federal Agency for State Property Management (Rosimushchestvo) on the terms set forth in the decree of the Russian Government.

According to the previously approved Russian Government decree, the value of the 100% equity interest in Kristall was determined on the basis of an independent appraiser's report at RUB 1,886 million. Alrosa’s Supervisory Board assigned the company’s Chief Executive Officer to enter into a sale and purchase agreement for Kristall's shares under the conditions proposed by Rosimushchestvo. By the end of the year, the management is to prepare and submit an action plan to operate and develop Kristall as part of Alrosa Group to the Supervisory Board for consideration.

BlueRock sales10.6 carat diamond for US$ 103K

BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei" or the “Project”), is pleased to announce that it has sold a 10.6 carat diamond for USD103,000 (USD9,751 per carat), in the September tender.

Redesigned and upgraded DDE unveiled

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise unveiled the redesigned and upgraded Dubai Diamond Exchange (DDE) auction facility, the world’s largest diamond trading floor located at the iconic Almas Tower in Jumeirah Lakes Towers, Dubai, UAE.

Comprising 41 tables, fully secured with cameras, state-of-the-art technology and specialist lighting, the auction facility is the largest of its kind in the world. Able to host 200 buyers at one time, the DDE has the capacity to host multiple tenders simultaneously.

WDC membership gathering in Antwerp

Members of the World Diamond Council (WDC) will be traveling to Antwerp, Belgium, for the organization’s Annual General Meeting, scheduled to take place October 2 and 3, 2019. The yearly gathering of the WDC membership will provide the opportunity to review the position of the diamond and jewelry industry regarding the Kimberley Process Certification Scheme, less than two months before the KP ends its current reform and review cycle.

The 2019 WDC Annual General Meeting is being organized by the Antwerp World Diamond Centre (AWDC), which during the evening of October 3 will also host a gala dinner for participants, members of the local diamond industry, representatives of government and the European Union, and members of the diplomatic corps.

CIBJO releases Special Report

With fewer than eight weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the third of the CIBJO commissions' Special Reports has been released. Prepared by the CIBJO Precious Metals Commission, headed by Huw Daniel, the report examines the increasing readiness of national authorities, particularly in the United States, to examine the integrity of the gold supply chain. The report also provides an overview of supply, demand and their effect on prices in the gold, platinum, palladium and silver markets.

Iconic Designs at Sotheby’s hammer

Sotheby’s announces Iconic Designs and Exceptional Gemstones sale at Geneva, on 11 & 13 November 2019 with the stunning Art Deco bracelet by Cartier leading the collection features a 47.07-carat Burmese sapphire of coveted Royal Blue colour.

Perhaps even more noteworthy is the stone’s extraordinary clarity: while gemstones of this quality would normally be faceted, this exceptional sapphire was cut into a cabochon shape. The fact that Cartier chose a cabochon cut is a clear design choice, and one which could be regarded as decadent, considering the scarcity of gemstones of this size and quality.

Angolan delegation at WFDB Presidents Meeting

The World Federation of Diamond Bourses (WFDB) Presidents Meeting kicked off in Dubai with special sessions on lab-grown diamonds and provenance and traceability. An important delegation from Sodiam including Chairman Dr. Eugenio Bravo da Rosa took part in the ribbon cutting to officially open the Presidents Meeting.

Botswana Diamonds inks Mining Contract

Botswana Diamonds (BOD) announce that, together with its associate Vutomi, it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm.

The agreement gives EDC a contract for the mining and processing of the identified deposits on the Marsfontein Mining Permit, with 25% of the pre-tax revenue from larger or high value Special Stones and 15% from the standard Run of Mine stones accruing to Vutomi.

Positive result for Waterberg Palladium Mine

Platinum Group Metals Ltd announces Positive Independent Definitive Feasibility Study for the Waterberg Palladium Mine has proven and probable mineral reserves estimated at 19.5 million ounces of Palladium, Platinum, Gold and Rhodium for a Life of Mine Plan of 45 years.

Annual Steady State Production of 420K Oz of Palladium, Platinum Gold and Rhodium plus 16.7 million Pounds of Nickel and Copper. Key highlights includes & say further, a significant increase in Mineral Reserves from the Project's 2016 Pre-Feasibility Study for a large-scale, shallow, decline-accessible, mechanised, palladium, platinum, gold and rhodium mine.