NEWS

The Pink Legacy diamond sold for CHF50mn

The Pink Legacy diamond sold for CHF50mn

The Pink Legacy, a Fancy Vivid Pink cut-cornered rectangular-cut diamond of 18.96 carats. Sold for CHF 50,375,000 on 13 November in the Magnificent Jewels sale at Christie’s in Geneva! Rahul Kadakia, International Head of Jewellery at Christie’s, explains why this spectacular 18.96-carat Fancy Vivid Pink diamond sold for CHF50,375,000 in Geneva.

 

‘The saturation, the intensity of this stone is as good as it gets in a coloured diamond,’ states Rahul Kadakia, International Head of Jewellery, of the Pink Legacy, an extraordinary 18.96-carat Fancy Vivid Pink diamond that sold for CHF50,375,000 in the Magnificent Jewels  auction on 13 November at Christie’s in Geneva, and was promptly renamed The Winston Pink Legacy by its new owners, Harry Winston.

 


 


 

VOD DIJS 2018 declared officially open

VOD DIJS 2018 declared officially open

VOD Dubai International Jewellery Show (VOD DIJS) - an event organised by DV Global Link, a joint-venture company between Dubai World Trade Centre (DWTC) and Italian Exhibition Group (IEG) - was officially opened today by His Excellency Butti Saeed Al Ghandi, Second Vice Chairman of the Dubai World Trade Centre.

 

His Excellency was joined by His Excellency Helal Saeed Almarri, Director General of Dubai’s Department of Tourism and Commerce Marketing and CEO of Dubai World Trade Centre;Gianpaolo Bruno, Italian Trade Commissioner to the UAE, Oman and Pakistan; Valentina Setta, Italian Consul General to Dubai; H.E. Mr. Vipul, Consul General of India Dubai; Mr. Johnson Kam, Director and Ms. Catherine Chan, General Manager of Hong Kong Jewellery& Trade Manufacturers Association; Luca Veronesi, VOD DIJS Show Director; and Marco Carniello, Jewellery& Fashion Division Director - Italian Exhibition Group.

 



Queen Marie pearl sells for CHF 36.4m

Queen Marie pearl sells for CHF 36.4m

Geneva, one of the most important historic collections of royal jewels made auction history. One hundred treasures from the collection of the Bourbon Parma family together realised CHF 53.5m ($53.1m), more than seven times the pre-sale high estimate of CHF 7m ($7m) and a record for any sale of royal jewels, eclipsing the long-held benchmark of $50.3m established by the sale of jewels of the Duchess of Windsor established in 1987.

 

Every jewel offered tonight found a buyer, with many selling for high multiples of pre-sale expectations.

Following exhibitions of the jewels around the world, international collectors and history-lovers demonstrated the full force of their fascination with the historic treasures.

 


New mining equipments for largest emerald mine

New mining equipments for largest emerald mine

Kagem Mining has invested US$11 million in new equipment to increase operational efficiencies at the world’s largest emerald mine, creating further skilled local jobs in the process.

 

The equipment includes 13 Articulated Dump Trucks (ADTs) with a rated capacity of 45 tonnes each; two 6-cubic-metre Hydraulic Excavators and service equipment such as Water Bowser with 36,000 Litres carrying capacity, Tyre Handler, Telescopic Handler and other supporting equipment. These machines feature state of art technology to facilitate smooth, safe and productive operations.

 


Argyle Pink Diamonds delivers record

Argyle Pink Diamonds delivers record

Rio Tinto’s Argyle Pink Diamonds Tender delivers record results for pink, red and violet diamonds!

 

Rio Tinto’s 2018 Argyle Pink Diamonds Tender collection of 63 rare pink, red and violet diamonds from its Argyle mine in Australia has delivered another record result reflecting strong global demand for fancy coloured diamonds. These results are also a reflection of Argyle approaching the end of its mine life, with the supply of these extremely rare diamonds becoming even scarcer.

 




Production up by 49% at Mountain Province 9M

Production up by 49% at Mountain Province 9M

Mountain Province Diamonds Inc announces its financial and operating results for Q3 2018 & says earnings from mine operations for the three and nine months ended September 30, 2018 amounted to $25.2 million and $68.3 million respectively.

 

For the nine months ended September 30, 2018, approximately 2443K tonnes of ore treated and 5391K carats recovered, on a 100% basis, for an average recovered grade of 2.21 carats per tonne, ahead of expectations. The recovered grade for Q3 2018 was also very high at 2.40 cpt. The Company’s 49% attributable share of diamond production for the three and nine months ended September 30, 2018 was approximately 891,000 carats and 2,642,000 carats respectively.

 


AngloGold Ashanti Posts Strong Q3

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 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

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!

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.

 


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