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Stornoway Secures Nearly $1 Billion to Build Quebec’s First Diamond Mine
(Diamond Investing News) - Quebec’s first diamond mine moved a step closer to becoming a reality when Stornoway Diamond (TSX:SWY) announced the arrangement of a series of transactions aimed at funding its Renard project through to production.

Diamonds: Natural and unnatural wonders
(BBC News) - To a chemist, diamonds are a three-dimensional cubic lattice of carbon atoms. To most of us, they are the ultimate status symbol - but how long will they remain so, now that they can be mass-produced?

Rough Diamond Market Report: Accounting Issues, Price Hikes and A Quiet Market
(IDEX Online) - It’s never boring in the rough sector of the global diamond pipeline. De Beers is proposing a new contract – simplified, with important additions, but still troubling in a way. Alrosa is making apparent moves to protect itself from possible sanctions by the U.S. and European Union, while prices, oh the prices, they are a whole story in their own right.

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Gemfields secures $15m working capital
Gemfields, which has emeralds business in Zambia, says it recently agreed a $15 million working capital facility with key shareholder Pallinghurst.

Richland says no money for TanzaniteOne until illegal miners are ejected
Richland Resources says it will not put any more money into TanzaniteOne Mining (TML), its joint venture with state-owned mining group Stamico, until it completes a strategic review of its operations as well as boost Block C security at Merelani, in Tanzania.

Rio Tinto’s diamond production up 24% in Q1-2014
In its 2014 first quarter ‘production report’, Rio Tinto has declared a 24% increase in diamond production of 3,650,000 carats for Q1 as against 3,236,000 carats for the same period in 2013.

Rapaport Melee Diamond Index Up 5.4% in 1Q 2014
The Rapaport Melee Index (RMI™) for small diamonds increased by 5.4% to 137.60 during the first quarter of 2014. Year on year the index is up 1.9% from its level of 135.00 in March 2013.

OFAC Adds Sino Zim and Sam Pa to Sanctions List
The U.S. Treasury's Office of Foreign Assets Control (OFAC), which lists specially designated nationals and blocked persons, all of whom U.S. citizens and business must avoid when conducting business transactions, added Sino Zim Development Ltd. on April 17.

Zim revenue authority pursues ‘errant’ Marange diamond firms - report
The Zimbabwe Revenue Authority (Zimra) is said to have moved to garnish accounts of Marange diamond mining companies to recover a combined total of $45 million owed in taxes.

Pangolin recovers second micro-diamond at Botswana’s Mmadinare project
Pangolin Diamonds has discovered a second micro-diamond on another block of its Mmadinare diamond project in north-east Botswana.

Diamond Development Initiative Launches New Program in DRC
The Diamond Development Initiative (DDI) recently announced a major new partnership with PROMINES, a project funded by the World Bank and the British Department for International Development (DFID) in the Democratic Republic of the Congo (DRC) for improved governance in the mining sector.


Investment diamonds will open a new distribution and sales channel that the diamond industry dearly needs to evolve - Alain Vandenborre, SDiX
The issue of investment diamonds has become particularly clamorous during recent years. While experts continue to debate whether it is possible to turn diamonds into a popular investment tool, Singapore launched the first Singapore Diamond Investment Exchange (SDiX), which is doing quite a brisk business. Its Executive Chairman and founder Alain Vandenborre gave this interview to Rough&Polished where he shared his vision of diamonds as an investor, described the work of the Exchange and told about the existing obstacles for and potential prospects of investment diamonds.


Rough diamonds, polished diamonds and a few homely reflections...
In mid-March, Yury Trutnev, Deputy Prime Minister of the Russian Government and Presidential Plenipotentiary Envoy to the Far Eastern Federal District visited the Republic of Sakha (Yakutia) and gave instructions aimed at establishing a diamond bourse and developing the diamond cutting industry in its territory. This kind of instruction was also given to ALROSA, OAO. Simultaneously, it was mentioned that a high added value should be left in the territory of Russia and that certain preferences are to be given to companies taking part in this project.

Bangkok Gems & Jewelry Fair 2014 - Heading to become the world’s jewelry hub
Bangkok hosted the 53d Annual Gems & Jewelry Fair 2014 held on February 25 to March 1 at the Impact Exhibition Center, whose work was covered by the correspondent of Rough&Polished. This February show is considered the first major jewelry exhibition kicking off the yearly activities in the international industry calendar. It is a world-class event attended by more than 1,500 suppliers of precious stones and jewelry.

HRD Antwerp
VICENZAORO Spring 2014
Luxury China


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