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Rio Tinto takes centre stage at Mumbai’s jewellery week
Rio Tinto Diamonds recently took Mumbai by storm with the launch of its highly anticipated Nazraana collections at the fifth annual India International Jewellery Week (IIJW).
Bright outlook for fancy-shaped diamonds
Fancy-shaped diamond specialist Vulcan and Co remains upbeat about its future prospects in Asia’s jewellery market in spite of a tougher business climate in China.
US, China to drive diamond jewellery demand in 2014, De Beers says
Global demand for diamond jewellery is expected to grow between 4 and 5 percent in 2014, with the US and China primarily fuelling the demand for bling, according to De Beers.
Gahcho Kué, Lutsel K’e sign benefit agreement
The Gahcho Kué diamond mine, a joint venture of De Beers (51 percent) and Mountain Province Diamonds (49 percent), recently entered into an Impact Benefit Agreement (IBA) with the Lutsel K’e Dene First Nation. De Beers is the operator of the Gahcho Kué project, located 280km northeast of Yellowknife, Northwest Territories.
Gem Diamonds updates resource and reserve statement
Gem Diamonds Ltd has revised its 2014 Resource and Reserve statement, which reflects a significant increase in the Letšeng Indicated Resource category.
DBC president to visit Israel
David Gavin, president of the Diamond Bourse of Canada (DBC), will participate in International Diamond Week scheduled for September 1 to 4 at the Israel Diamond Exchange (IDE), IDE announced recently. It will be Gavin’s first visit to Israel as the Canadian bourse president.
Rockwell Diamonds posts bottom-line profit in Q1
Mid-tier diamond mining company Rockwell Diamonds Inc reported a net profit of Cdn$345,000 (about $321,000) in the first quarter ended May 31, 2014 compared to a loss of Cdn$1.2 million (about $1.12 million) in the prior year. It was also the company’s eighth successive quarter of revenue growth, Rockwell Diamonds CEO and President James Campbell said.
Alrosa H1 2014 production down 7%
Russian diamond miner Alrosa recently reported that diamond production in the first half of 2014 totalled 15.9 million carats, down 7 percent compared with the same period last year.
International Diamond Week showcased at Antwerp congress
The Israel Diamond Exchange (IDE) recently presented its International Diamond Week programmes at the 36th World Diamond Congress in Antwerp to demonstrate how bourses could initiate and benefit from focused marketing events and strengthen cooperation between exchanges affiliated to the World Federation of Diamond Bourses (WFDB).
Petra recovers 122.52-carat blue diamond
Petra Diamonds Ltd recovered a 122.52-carat blue diamond at the Cullinan mine in South Africa in June.
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