NEWS

DDE and Stargems Tenders over 2mn cts

DDE and Stargems Tenders over 2mn cts

The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, today announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the Dubai Diamond Exchange in a secure, transparent and regulated environment.

 

Earlier this year, DMCC signed a strategic partnership with Stargems, specialised in the sourcing and supply of fine diamonds, to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower.

 


Kagem Surveying Emerald Fields

Kagem Surveying Emerald Fields

The glamour of the red carpet at Cannes or Hollywood is a far cry from the hot and dusty pit of the world’s single largest producing emerald mine, Kagem in Lufwanyama. But for the team at the mine, the excitement of seeing Zambia’s emeralds on the world stage makes their job worthwhile.

 

For one of the mine’s longest serving employees, Senior Manager for Planning and Surveying, Aaron Nyangu, it is the culmination of years of training, experience and hard work that he is now passing on to the next generation of mining engineers. “I feel proud to see those celebrities wearing our emeralds from Kagem. It’s a great feeling,” said Mr Nyangu enthusiastically.

 


Sarine Improved Profitability in Q3

Sarine Improved Profitability in Q3

Sarine announced its financial results for the third quarter and nine months ended 30 September 2018. According to the review, as in prior years, demand for capital equipment by diamond manufacturers slowed in Q3.

 

In addition to this cyclicality, industry sentiments in Q3 2018 were affected by a number of macroeconomic factors, including uncertainties surrounding the impact of trade tariffs on China, credit tightening by Indian banks, increased volatility in foreign exchange rates and uncertainties relating to the long-term effects of the advent of lab-grown diamonds (LGD) into the market.

 



Solely Automation could not work!

Solely Automation could not work!

Automation in gem-n-jewellery industry & through pipeline requires adequate management of 70% & 30% adoption of the technology including mining. While automation is often seen as silver bullets that can solve a range of mining’s problems, for Roy Hill’s Christine Eriksen automation is actually a holistic approach with the majority of the time, effort and funds to be invested in changing in the people working with the technology on the frontline.

 

“You realised that silver bullet approach solely based on technology wasn’t going to work. That’s why Roy Hill has developed System Thinking,” said the General Manager Improvement & Smart Business during her “What's happened since we embraced smart mining into our operations case study” presentation at International Mining and Resources Conference in Melbourne.

 


 

18.96ct Fancy Vivid Pink diamond auction today!

18.96ct Fancy Vivid Pink diamond auction today!

The Pink Legacy a sensational coloured diamond ring is being estimated CHF 30,000,000 - CHF 50,000,000

(USD 30,022,901 - USD 50,038,169) to auction today!

 

As part of Geneva Luxury Sales, Christie’s Magnificent Jewels auction will take place on 13 November, offering over 300 exceptional jewels and designs. The Pink Legacy of an 18.96 carat Fancy Vivid Pink diamond- fancy-cut diamonds of VS1 clarity, type IIa, platinum, ring size, is leading the auction and will be offered alongside other incomparable diamonds, gemstones and pearls.

 


A Bionic Eye Closer to 3D printer Reality

A Bionic Eye Closer to 3D printer Reality

The dream of producing a bionic eye has taken a step closer thanks to silver. The challenge of making such a prosthetic has always been to layer light-sensitive materials onto an orb without the distortion inherent in placing two-dimensional objects even thin ones like wires onto a rounded surface.

 

Researchers at the University of Minnesota claim to be the first to use a 3D printer to overlay light receptors on a hemispherical glass surface. Michael McAlpine, a coauthor of the study 3D Printed Polymer Photo detectors and Associate Professor of Mechanical Engineering, said in prepared remarks: “Bionic eyes are usually thought of as science fiction, but now we are closer than ever using a multi-material 3D printer.”

 


 

 

 

 

Additional tender delivered by Diamcor

Additional tender delivered by Diamcor

According to Diamcor Mining announcement, the initial tender of 2,606.50 carats of rough diamonds recovered from resumed processing exercises at the Company’s Krone-Endora at Venetia Project, an additional 5,335.83 carats of rough diamonds were delivered prior to the end of October. 

 

A total of 2,277.47 carats of these rough diamonds were recovered as part of planned refinements to the Project’s screening systems, and were sold for gross proceeds of USD $431,701.48, resulting in an average price of USD $189.55 per carat. 

 



Diamond production advanced at Botswana

Diamond production advanced at Botswana

According to the Botswana Diamonds the Thorny River project in South Africa is on development spree!

 A mining contract has been concluded with Palaeo Minerals Pty Limited & that will enable the Company to self-fund the Thorny River project from bulk sampling through to mine development, assuming positive results.

 

Modelled diamond grades and value ranges were reported in February 2018 the annual benefits of the contract over the 3 to 6 year mine life of Thorny River could potentially be between US$2 to US$7 million annually.

 


Forevermark diamonds studded collection launches

Forevermark diamonds studded collection launches

Forevermark, the diamond brand from the De Beers Group, celebrates its growing association with AVR Swarna Mahal with the launch of a glittering new collection. AVR Swarna Mahal, which provides authentic jewellery and value for money to their clientele in Southern India, has created a special range of jewellery including earrings, pendants, rings, bangles, and necklaces set with beautiful, rare and responsibly sourced Forevermark diamonds.

 

The new collection was presented in a glittering fashion show at the boutique in Salem. “Less than 1% of the world’s diamonds are eligible to become Forevermark. Using these diamonds in our designs not only enhances the jewellery but also maintains and increases our credibility with our customers.

 


The Glitzy Collection by Adawna

The Glitzy Collection by Adawna

Let your gems speak this party season. As Christmas draws near, celebration is in the air. To mark this joyous time of year, Adawna proudly presents, The Glitzy Collection, which reflects the incandescent beauty of the falling snow.

 

The line features a wide range of rings, earrings and bracelets crafted with dazzling white stones in different kinds of base metal and different shapes, to mimic the spectacular beauty of the snowy winter. All the pieces feature a twinkling shine that brings to mind the serene beauty of the night sky in winter.


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