Latest breaking news about the Diamond Industry and Jewelry World,
from all sources, all in one place: Antwerp World Diamond Center at Ajediam
Januar 6, 2017
ALROSA, the Russian World leader in Diamond mining, repays US $370 Million Bank Loan, Debt left to US $2.3 Billion
Dec 15, 2016 4:22 AM By Avi Krawitz
RAPAPORT... Profit is the new turnover in the diamond trade. As retail inventory levels continue to shrink due to recession-driven efficiencies, the trade has had to change its mindset. No longer can diamantaires play the high-volume production game: they have to do more with less.
It seems 2015 provided the wake-up call which enabled a more profitable trade this year.
November 4, 2016
Fiera di Vicenza and Rimini Fiera completed their merger to create Italian Exhibition Group (IEG),
claiming the new entity is now Italy's largest trade show organizer.
October 20, 2016 by Albert Robinson, Idex
20 years of huge investment and work brings today the Renard Project from a green-field exploration concept
to a fully operating new diamond mine in Canada.
Sept 05, 2016 De Beers, South Africa
Venetia Underground mine output could begin around 2022 Target. The building of a $2.1 billion underground operation at the Venetia mine in South Africa by De Beers Consolidated Mines (DBCM) is within budget and on schedule. The underground mine will have two shafts and the decline system will reach a depth of 1,000 meters when completed.
Rio Tinto Abandons Indian Diamond Mining Project
Dominion’s Mining Production Decline
Aug 17, 2016 Rapaport
The midstream diamond and jewelry industry is set to gain access to more than a billion dollars in loans from a New York-based lender that sees a “dire need” for funding in the sector.
July 24, 16 David Brummer
De Beers Puts Snap Lake Mine (Canada) up for Sale. It spent C$2.2 billion ($1.67 billion) on mine construction and operation up to year-end 2014 and would like to find a buyer. The mine is only accessible by air and an ice road that operates for two months of the year.
Reuters 11 July 2016
Russia raised almost $820 million from its sale of a 10.9-percent stake in ALROSA. The Russian ALROSA Group accounts for over a third of global rough diamond production.
Jun 26, 2016 7:53 AM By Rapaport News
Brexit: Pound's Slump to Hit Jewelry Importers
Jun 22, 2016 4:03 AM By Rapaport News
Rio Tinto Merges Diamond and Copper Units to maximize its technical underground mining expertise
15.06.2016 Antwerp World Diamond Centre, AWDC
AWDC Security Office announces its newest monthly meeting for the benefit of CEOs, GMs and diamond brokers:
Anti-Tiger Kidnapping, Cyber Crime Awareness, S-ADA Security Awareness and Security Office: AMOK Active Killer
June 09, 2016 by David Brummer
The diamond industry have suffered several defaults since 2015. Gem and Jewelry Export Promotion Council warned
traders to adopt the cash system in all its dealings, just like before.
Rapaport TradeWire June 9, 2016
Belgium May polished exports +5% to $1.1B, rough imports +18% to $1.3B.
June 2.06.2016 Christie's Sells 'Aurora Green' for $16.8 Million
Another world record was broken for the sale of a colored diamond at auction, this time the 5.03-carat "Aurora Green,"
which sold for $16.8 million
May 25, 2016
Graff Diamonds' Profit Slumps 74% in 2015
May 19, 2016 David Brummer
Oppenheimer 14.62-carat Blue Diamond Sells for $57.5 Million at Christie's
Sotheby's Sells 'Unique Pink' of 15.38-carat for $31.5 Million
Sotheby's Sells 'Sunrise Ruby' of 25.59-carat Burmese ruby of “pigeon blood color” for $29 Million
May 10, 2016 3:00 AM By Rapaport News
Sotheby’s Swings to 1Q Loss.
A $25.9 million loss from a profit of $5.2 million a year earlier
April.2016 AWDC news
Professionals be aware: Hong Kong received a shipment from Sierra Leone, which was declared to the Hong Kong
Customs and Excise Department. Upon inspection they noticed that the KP Certificate accompanying
the shipment was fake.
March 28, 2016 8:27 AM By Rapaport News
Botswana Diamonds Kicks Off Orapa Exploration, Reports $388M Loss
March 3, 2016
De Beers Consolidated Mines reduces its workforce of 2,236 by 189 positions in Johannesburg and Kimberley
De Beers Group expands his distribution with retail shops with new outlets in Hungary, Thailand and South Korea.
February 15, 2016 David Brummer
404.20 Ct rough Type 2A diamond found at Lucapa mine, Angola
Feb 16, 2016 7:32 AM By Rapaport News
De Beers 2015 Earnings -58% as Rough Demand Falls
*February 04, 16 IDEX by David Brummer
Hong Kong $ sales jewelry and watches slumped 16% over the year 2015
* Antwerp World Trade center January 30, 2016
Firm polished prices due to shortages.
Idex January 21, 2016
Tiffany & Co. Holiday Sales ‘Negatively Affected by Restrained Consumer Spending’
Market Comment January 21, 2016
Polished prices firm due to shortages.
Rio Tinto’s Diamond Head to Depart in Restructuring .
De Beers decides to sell the Kimberley Mines in South Afrika
Polished Diamond Prices Increase in December 2015
December 17, 2015 Rapaport
Rough prices higher than resultant polished, significantly restricting rough trading and diamond production.
Shortages supporting polished prices. - Dominion mining 3Q profit minus -90%
Dec 05, 2015 Diamond World
De Beers will close Snap Lake diamond mine in Canada - De Beers stepping out of the mines.
Petra Diamonds Ltd and South Africa’s Ekapa Mining have bought the Kimberley Mines from De Beers for $7.2 million.
Being a mining major, De Beers Consolidated Mines (DBCM), has over the past few years explored options to extend
the life of its Kimberley Mines beyond 2018 but decided based on a review that it would be best by finding an operator
to process the remaining resources.
Nov 28, 2015 Antwerp World Diamond Center
Petra Diamonds has recovered, from his Williamson mine in Tanzania, a 23.16 Carat rough pink diamond of exceptional quality.
Antwerp World Diamond Centre, AWDC November 17.2015
No mercy for those involved in certification fraud! Four traders have received extremely harsh sentences from the Correctional Court in Antwerp for committing fraud concerning diamond certificates.
Christie’s October 20
New York: Christie's sold a cushion shaped fancy vivid yellow diamond ring of 75.56 carats, on auction realized US $3,609,000
Oct 7, 2015
The Diamond Exchange Bourses are banning in any form of laboratory-made "replica' diamonds.
Sep 20, 2015
A blue diamond weighing 12.03 carats and described by experts as internally flawless could sell for a record $55 million (EUR 47 million) when it goes up for auction in November, Sotheby's said.
Antwerp World Diamond Center 16 September.2015
The Central African Republic (CAR) remains the Kimberley Process (KP) suspended. It is not permitted to import rough diamonds from this country!
Antwerp World Diamond Center AWDC August 31.2015
Antwerp remains most important rough diamond trade hub
Aug 18, 2015 6:54 AM By Rapaport News
Zimbabwe: the vast Marange diamond fields are fast depleting.
Antwerp July 29, 2015
Unique Volcano Diamonds Found in Russian Far East
Market Comment July 24, 2015
Shortages due to significant decline in manufacturing. Few new goods expected for Christmas.
Antwerp July 19, 2015
De Beers maintains high rough prices +7%
Juli 10, 2015
Kimberley Diamonds shuts down its Ellendale mine.
July 7, 2015
Fabian Cancellara wins diamond trophy in Tour de France. On July 6 the Antwerp diamond industry gifted a diamond trophy set with 120 sparkling brilliant cut diamonds to the holder of the yellow jersey.
Jul 1, 2015 2:43 PM By Jeff Miller
Kimberley Diamonds Ltd suspends mining operations at Ellendale due to negative revenue in diamond mining.
Sharp decline in the Rough Market.
19 June 2015 Rapaport Author AVI KRAWITZ
Presidents’ Meeting: Challenges facing the diamond industry, but the issue of profitability was the most pressing
1. The lack of profitability of the Diamond Industry. This will quickly lead to higher prices.
2. Declining bank credit to the industry and the high-risk perception that the banks have about the trade;
3. Over-grading and the temporary color treatment of diamonds;
4. Undisclosed mixing of Gem Lab created synthetic Replica diamonds
5. The call to increase competition and transparency among service providers, with particular reference to the Rapaport Price List to missing Quality Factors.
Rapnet 15 june 2015
Belgium's polished diamond exports for the first five months of 2015 fell 4.7 percent year on year to $5.91 billion
Christie’s HK 5 June 2015
Christie’s HK sells a 9.07-carat, IF, fancy intense pink, type IIa rectangular-shaped, Harry Winston diamond ring for $12.6 million.
Rapaport TradeWire May 29, 2015
De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds, Alrosa and Gem Diamonds will form part of the Diamond Producers Association (DPA), a body that will fund campaigns to drive consumer demand with an initial budget of $6 million to enhance consumer demand for and confidence in diamonds.
Diamonds Net May 27, 2015
Richemont's FY Revenue +4%, Profit -36%
AWDC Antwerp 27.05.2015
The Belgian Government has approved the introduction of a new tax regime for the diamond industry. Carat Tax. This regime is currently under review by the European Commission and will only enter into effect on condition of European approval.
AWDC and Brussels Airlines announce discounts for registered diamond companies
May 8, 2015 5:00 AM By Avi Krawitz
Lack of profitability in the diamond manufacturing sector. Higher prices with necessarily profit are inevitable.
Rapaport called on the banks to stop financing unprofitable diamond manufacturing until polished prices rebound into profitability returns.
GIA Laboratory Trade Alert! May 12, 2015
GIA reasonably suspects that approximately 500 colorless to near colorless diamonds submitted primarily to our laboratory in Israel potentially were subjected to an undisclosed temporary treatment.
Trust is proven once again a prior matter buying and selling diamonds.
Sotheby's May 12, 2015
Sotheby's lowered expenses 10.1 percent to $137.3 million. Profit attributable to Sotheby's improved to $5.2 million compared with a loss of $6.1 million one year earlier.
De Beers London May 12, 2015
Rough diamond prices fell 1.2 percent in the first quarter of this year
Scope for some price increases” this year.
Source: Moti Bessers office, Ramat Gan 11.05.2015
Israel Diamond Exchange mourns death of Michael Cohen. Cohen served as IDE General Manager for more than 25 years.
WFDB Salvador, Brazil May 10, 2015
CIBJO Congress included a special session and debate on the issue of diamond grading, and the problem of overgrading by some grading labs.
WFDB Frank Müller, Salvador, Brazil May 10, 2015
Worldwide, the consumer market for luxury products continue to grow. This growth is apparent, among others, in BRIC-countries [Brazil, Russia, India, and China]
IDEX May 10,2015
Alrosa has announced the recovery of a 76.07-carat diamond in February, produced from the Yubileynaya kimberlite pipe. Estimated value US $ 430,000
Diamond World, Saturday 9 May 2015 Press release
Preserving Preciousness: Diamond and jewellery thefts and duping cases have no longer remained a rare incident. Actual physical thefts are selling online fake diamonds and even selling nothing, just stealing hugue money by online ordering. Watch out!
May 8, 2015 8:55 AM By AWDC
Antwerp Strengthens Ties With Canadian Miners Stornoway. the company is considering to commercialize its entire production from the Renard mine in Quebec through Antwerp. Canada is the third-largest diamond producer in the world and one of the most important suppliers of rough diamonds to Antwerp.
Antwerp World Diamond Centre, 08.05.2015
Shortages of EX EX EX, H&A diamonds
NY Rapnet news 06.05.2015
Martin Rapaport calls for greater profitability on sales of polished diamonds!
Fair Trade May 06, 2015
Unchecked Private Jets Deliver Marange Diamonds to Dubai and Hong Kong
The Panama Diamond Exchange whose World Jewelry Hub was officially inaugurated this week by the Panamanian President Juan Carlos Varela.
Las Vegas Jewelry & Watch Show May 28-31, 2015
The Diamond Empowerment Fund’s Diamonds in the Sky Las Vegas gala will host Kelly Rowland, the GRAMMY® Award winning artist. Premier Presenting Sponsors of the gala event include Chow Tai Fook Jewellery Group Limited, the De Beers Group of Companies, Rio Tinto, and Signet Jewelers Ltd. Partner and Patron Sponsors are Rosy Blue Group and Le Vian Group, respectively.
May 2, 2015 7:33 AM By WMI
ABN AMRO to Extend T24 Platform for Diamond Clients
TradeWire May 1, 2015
Diamond market improving - Prices stabilize - Cutters losing money on high prices rough - Shortages developing
AWDC news 04.30.2015
AWDC, Anrwerp World Diamond Centre, Reinforces Foothold On Turkish Market.
Antwerp Diamond industry reconnects successful with US on networking tour in Chicago and New York
Friday, April 24 2015 Source Diamond World, India
Paul Rowley, De Beers’ Executive Vice President of Global Sightholder Sales spoke at Dubai regarding diamond finance. He noted that for the entire industry to make the most of medium and long term opportunities , a focus on targeted investments in needed.
Antwerp’s diamond industry faced the brunt of winding down of diamond financing, affecting its potential. Today, Dubai does enjoy a new finance for its diamond business with three banks lending support. Misgivings... Wait and see!
Apr 24, 2015 11:15 AM By Jeff Miller for Rapnet
India's Polished Diamond Exports -10% in March
2015-04-17 12:02 Rapaport source
Chow Sang Sang reports declining revenue and profit in 2014, but gem-set jewelry sales performed well in Mainland China;
ALROSA’s fourth quarter diamond sales decline as the average price received for its gem-quality diamonds falls sharply
Rapaport TradeWire April 17, 2015
Miners keeping rough prices high but selling less goods.
Apr 20, 2015 5:06 PM By Jeff Miller
Lucara Diamond Mine in Angola recovers a 342-Ct. Diamond at Karowe
Apr 21, 2015 4:16 AM By Deena Taylor
ALROSA's 1Q Production +6%
Apr 17, 2015 12:11 PM By Jeff Miller
Rapaport... The U.S. consumer price index (CPI) for jewelry dropped 3.5 percent year on year to 165.6 points in March, which was basically unchanged from February.
Rapaport... Lucapa Diamond Company Ltd. recovered an exceptional 63.05-carat, type IIa diamond from alluvial mining operations at its Lulo diamond concession in Angola.
Rapaport... Lazare Kaplan International estimated that revenue fell 31.9 percent year on year to $9.8 million in the third quarter that ended on February 28. Diamond sales declined 33.8 percent to $9.2 million.
Rapaport Friday 17 April 2015
Miners keeping Rough prices high but selling less goods. ALROSA rough prices +2% to+3% at April sale.
ALROSA’s net debt in dollar terms declined 27 percent to $3.1 billion in 2014.
China News: 17 April 2015
Chow Sang Sang reported that revenue dropped 23 percent year on year to $2.48 billion (HKD
19.25 billion) during 2014, due to less spending by Mainland Chinese visitors to Hong Kong and Macau
Petra Diamonds reported that its revenue fell 31% year on year to $96M during the third quarter that ended March 31, 2015.
A 5.29 ct. fancy intense purplish-pink diamond sold for $5.76 million, or $1.09 million a carat.
April 9, 2015
London Diamond Bourse shares concerns for Hatton Garden after raid
The London Diamond Bourse has released a statement to the press in the wake of the raid on Hatton Garden company Hatton Garden Safety Deposit Ltd over the Easter weekend.
Fleeing Marange diamond panner drowns 14/04/2015 00:00:00 by Manicaland Correspondent
An illegal diamond panner on Monday last week drowned in a local dam while he was trying to escape from security guards at Diamond Mining Cooperation (DMC) in Marange.
In the context of the "Integrated Anti-Tiger Kidnapping Program" (IATKP), AWDC Security Office announces the following monthly Anti-Tiger Kidnapping briefing, which will take place on Thursday April 23, 2015 from 11 AM – 12 noon in the Lounge of the AWDC building on the 9th floor. This briefing is addressed to CEOs, middle management and staff working in the Antwerp diamond sector.
"Cyber Crime Awareness Briefing" for the Antwerp Diamond Community
There are several physical threats applicable to Antwerp diamond companies: fraud, theft, switching, robbery, burglary, tiger kidnapping … For a couple of months now, AWDC SO has observed another increasing threat: cyber crime. Examples of cyber crime include, but are not limited to: email hacks, caller ID fraud, money exchange fraud, invoice fraud, bank transfer fraud, malware attacks …
AWDC SO wants to increase awareness in the Antwerp Diamond Community about the recent surge of cyber crime and offer preventive security measures. This briefing is focused on and addressed to CEOs, GMs, CFOs and personnel, mandated to order or perform financial transactions such as payments, money exchanges and transfers.
AWDC SO will organized the "Cyber Crime Awareness Briefings" on a monthly basis.