De Beers rough diamond sales shrinks for Cycle 6

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' sixth sales cycle of 2018, amounting to $530 million.

Bruce Cleaver, CEO of De Beers Group, said: "In the sixth sales cycle of the year, demand for De Beers rough diamonds was in line with expectations during the seasonally quieter summer period for the industry's midstream sector."

De Beers closure of Voorspoed mine

De Beers Group announced that the De Beers Consolidated Mines Proprietary Limited (DBCM) Board has taken the decision to proceed with the responsible closure and rehabilitation of Voorspoed Mine in the Free State Province.

This decision follows an extensive, transparent and comprehensive disposal process, which involved a rigorous due diligence exercise on the bidders to acquire the mine. The disposal process was unsuccessful in identifying a suitable operator that met the specified criteria and therefore the responsible closure process will now be initiated in accordance with the company’s values and with due consideration of employees and host communities.

S&P raises Alrosa’s credit rating to ВВВ-, outlook stable

Alrosa, the world’s leader in diamond mining, reports raising of its long-term credit rating by S&P Global Ratings international rating agency to BBВ-, the outlook is stable.

The agency notes positive trends in the diamond market, Alrosa’s strong profitability, solid global market share, improved financial stability, and strongly positive free operating cash flow (FOCF) generation by the Company and development of its key business.

IGDA Welcomes FTC’s Revisions

The International Grown Diamond Association (IGDA) welcomes the revisions introduced by Federal Trade Commission (FTC) to the Jewelry Guides. This revision, which is the Guides’ first major overhaul since 1996, primarily acknowledges technological developments that have led to existence of diamonds that are formed both below and above the ground.

In a detailed statement explaining the changes, the FTC notes, “The Commission no longer defines a “diamond” by using the term “natural” because it is no longer accurate to define diamonds as “natural” when it is now possible to create products that have essentially the same optical, physical, and chemical properties as mined diamonds.”

Trinkets by The Bohemian

Filigree an enchanting form of Indian art is used in varieties of jewellery. Designer jewellery made with filigree art have been fascinating people with their delicate attractive designs since a long time. The delicacy of this art makes it an alluring and feminine form of jewellery. Bringing this art back into people’s closet is The Bohemian by Mitaali Vohra.

Spectacularly colorful style with Color Pop collection

For this collection we have used colors from red and orange to green and blue, it includes as many different colors in various shades for an eye catching look. These stellar jewels are hand crafted with flawless diamonds and gems along with impeccable craftsmanship; we are embracing a kaleidoscope of colors and a fusion of cultures.

Tango sells 42.26 Ct diamond for $11,267 per carat

Tango Mining Limited has sold the 42.26 carat diamond recovered from run of mine (ROM) gravel in the Oena Central Area, Oena Diamond Mine, Republic of South Africa. The diamond was sold on tender at the Kimberley Diamond Exchange for US$11,267 per carat.

During the most recent production period, ending 19 July 2018, an additional 125.87 carats (82 diamonds) were produced from ROM, placed on tender and sold with an average price of US$945 per carat. This includes a 10.48 and a 7.17 carat diamond which sold at US$2,374 and US$3,600 per carat respectively.

HK Exports bags IGJ Awards 2017!

Hari Krishna Exports Pvt Ltd (HK Exports), India’s leading manufacturer of cut & polished diamonds bagged an award for the highest turnover in cut and polished diamonds category at the 44^th IGJ Awards, organised by  GJEPC.

The glittering award ceremony was in Mumbai & that was attended by many industry stalwarts. Right with the award, the HK Exports has been won the 15 consecutive award of an annual event! This award is a reflection of the organisation’s commitment towards the objective of leading in industry with excellence and determination.

GIA presentation on Color and Pearls on August 4

Staff Gemologist, GIA (Gemological Institute of America),  Nanthaporn Nilpetploy, presents Color and Pearls where GIA representatives will be available during the Malaysia International Jewellery Fair (MIJF). MIJF is scheduled to run  through August 3 & up to August 6 and Nanthaporn would offer Laboratory and educational information.

Nanthaporn Nilpetploy, will offer a presentation on Color and Pearls on Saturday, August 4 at MIJF. Attendees will have the opportunity to learn about pearl identification and color origin, the treatments applied to alter their appearances and look into the mollusks that create them. Attendees will also be able to learn numerous pearl facts and understand how GIA identifies and grades pearls.

Pangolin 100 Positive Kimberlite Indicators

Pangolin Diamonds Corp has recovered two diamonds and 100 positive kimberlite indicators from a 4 hectare soil sampling grid at the MAL 001 drill target located in the Company’s wholly-owned Malatswae Project. This area is 85 km southeast of the AK6 Karowe diamond mine, operated by Lucara Diamonds Corp., in the Central District of Botswana.

The majority of the indicators analysed are garnets (93) and consist predominantly of peridotic garnets which include 4 garnets and an additional 41 garnets consistent with a derivation from the diamond stability field. Only 2 eclogitic garnets were recovered. The chrome poor megacryst garnets are very similar to the megacryst garnets reported from Group II kimberlites like Dokolwayo in Swaziland.