November tender earns US$218.82 per carat for Diamcor

Diamcor Mining announces the tender and sale of 2,979.67 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project.  The 2,979.67 carats tendered were sold for gross proceeds of USD $653,652.23, resulting in an average price of USD $218.82 per carat. 

An additional 2,312.82 carats of rough diamonds-prior to acid wash were also delivered prior to the end of November 2018, which will be offered in a final tender of the Company’s third fiscal quarter in December 2018.

“We are pleased with the quality and value of the Project’s rough diamonds, and our efforts have shifted to increasing the volume of material being processed, and the inclusion of all size fractions up to 40.0mm moving forward”, commented Diamcor CEO, Mr. Dean Taylor.

Polished Prices Stable in November

The sharp decline in prices of small, low-value diamonds will exert further pressure on India’s manufacturing sector, according to the latest issue of the Rapaport Research Report. Prices in some categories have dropped by up to 20% in 2018 due to an oversupply and weaker demand.

The report, “A Crisis in Melee,” outlines four factors influencing the weakness in the market for small diamonds:

1.             The addition of three new mines in 2017 brought global rough production to its highest level since 2008, resulting in an excess of supply.

2.             Manufacturers became cautious due to tighter credit in India and the depreciation of the rupee.

Armenia gold exports tumbles in H1

In the first half of 2018, Armenia exported 2325.1 kg of gold, including electroplating, against 2242.2 kg of gold a year earlier. According to the report of  the Customs Service of the Republic of Armenia, in fact, in terms of  weight, gold exports slowed down to 3.7% from 53% a year earlier.

In the first half of 2018, the customs value of exported gold increased by 8.7% to $ 82.2 million, up from 42.7% growth a year earlier.

DGCX Wins Exchange of the Year Accolade

The Dubai Gold and Commodities Exchange (DGCX) have been named, for the second consecutive year, ‘Exchange of the Year’ at the prestigious Global Investor MENA Awards 2018. The award recognised DGCX’s exceptional performance over the last 12 months, which saw it record new all-time trading highs, launch innovative products, services and initiatives, as well as implementing cutting-edge technology to better serve the needs of its clients.

DGCX beat stiff competition from the region’s leading exchanges to win the award. In the qualifying period, the Exchange traded over 19.3 million contracts, setting a new overall volume record, with a notional value exceeding USD 441 billion.

Blom says industry heading for strong end-of-year

World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks.

India recently reported a 19-percent rise in exports in October in its latest results, while Belgium posted a 17-percent increase. Meanwhile, US retail industry research groups are predicting a rise in holiday season sales of around 5 percent.

We’re doing well but the battle goes on!

Dr Tshepo Sedibe, De Beers Group Senior Occupational Health Manager, reports on the progress being made in the fight against HIV/AIDS.

We in De Beers Group are passionate about the health and wellbeing of our employees and of the communities they come from. So we are determined to keep up the fight against HIV/AIDS and tuberculosis (TB) among our people in southern Africa.

Our view is that the health of our workforce and their communities is interwoven. By helping one, we help the other. Today – 1 December – is World AIDS Day, when we come together to show our support for people living with the illness, commemorate those who have lost their lives from it and rededicate ourselves to the battle against HIV/AIDS.

Graff HK boutique to show Lesedi La Rona

A New Graff Flagship boutique-in the heart of HK Central would showcase Graff Lesedi La Rona. The largest rough diamond found in more than a century, the 1,109 carat Lesedi La Rona was hailed a miracle from the moment it emerged from the ground. Graff clients are now able to own a piece of diamond history. This incredible stone finally begins to reveal its secrets.

Following more than a year of detailed analysis, cutting and polishing by our elite team of gemmologists and master craftsmen, more than 60 sensational Lesedi La Rona diamonds, ranging in size from under a carat to in excess of 100 carats, are beginning to be revealed.

A Toast toYour Rare Love

In a first of its kind initiative, Platinum Days of Love introduces 30 new designs of Platinum Love Bands with 30 films that mirror & celebrate modern day couples. These couples aspire for a relationship that is based on true equality, where each individual wants to feel valued as a partner for his/her distinct persona, beliefs & value system. They each want unique aspects of their individuality to be genuinely accepted. It’s this kind of love, that’s truly rare to find& few manage it.

The designs are crafted in the rarest of precious metals Platinum of course & are inspired to bring alive this rare love. Coming from the simple modern day premise of ‘Individuality amidst togetherness’ the highlight of this collection are designs that are complementary in nature, they showcase couple bands that have a matched central motif but are not look- a-likes of each other.

The Bejeweled Crystals by Diagold

A symbol of endurance and longevity, diamonds have historically represented strength in many cultures. This New Year, Varda Goenka- Fine Jewels by Diagold launches the ‘The bejeweled crystals’ collection that retains the purity within the diamonds along with its beauty while celebrating the rarity and uniqueness that lies within it.

Crafted in 18 carat gold, the assortment consists of statement- making earrings, classy necklace and dazzling bracelet with a splash of white diamonds encrusted in a colour pop of gemstones such as emeralds, sapphires and pearls.

The Shine Bright Collection by Adawna

With the party season almost upon us it’s time to go all-out glamorous this new year.  Adawna launches the ‘The Shine Bright Collection’ that comprises of an eclectic mix of contemporary and modish jewellery pieces that represents boundless love and happiness.

The assortment comprises of delightful earrings crafted with finest metals and choicest semi- precious stones and Swarovski. It leaves you spellbound with its intricate designs and precision craftsmanship that adds to a classic opulent look which is ideal to wear for the day look equally dramatic for the evening.