“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 2017

Genuine transparency: Sine qua non for growth of Zim diamond industry

18 september 2017

Zimbabwean President Robert Mugabe claimed early 2016 that $13 billion was lost through leakages since diamond mining began in Marange in 2006. A local non-governmental organisation, Centre for Natural Resource Governance (CNRG) then said last July that the Kimberly Process Certification Scheme (KP) could have assisted Mugabe’s ruling ZANU PF to “plunder” diamond revenues since 2011.

Mir Disaster Puts Diamond Industry's Excellent Record In The Spotlight

11 september 2017

Just a month after the terrible disaster at ALROSA's Mir mine in Yakutia where eight miners lost their lives following a sudden flooding at the underground operation, attention turns to the safety record of the diamond mining industry. It might appear to be too soon to talk about the subject with the memory of the catastrophe still fresh in the mind and with families and friends of the eight miners still grieving terribly, but the accident nonetheless leads our attention to focus on the safety precautions and standards that are in place.

Looking towards better days...

04 september 2017

Of late many Indian diamond as well as jewellery companies have been hit hard due to the slowdown in the international consuming markets. On the one hand, there is insufficient demand, both from overseas markets as well as in the domestic market, as compared to earlier times; and on the other, payments from clients have been delayed leading to numerous problems for the Indian exporters. And rightly so, the industry is rather apprehensive regarding the oncoming Christmas season... what with the Jewellery Shows in US / HongKong this year turning out into a damp squib.

Southeast Asia: a treasure-trove of the world’s rarest pearls

28 august 2017

Southeast Asia is home to some of the world’s most beautiful pearls. Known for their big size and unique shine, South Sea pearls are very rare and therefore highly sought after. The Philippines and Indonesia have been known as Asia’s largest South Sea pearl producers. Outside of the region, Australia is also famous for making these rare gems. According to government figures, Indonesia became the world’s biggest producer in 2015 with a market share of 43 percent during that year, thereby overtaking Australia. It currently makes around 5.5 tons of pearls a year, but the Ministry of Trade claims the country has the potential to produce at least 20 tons annually. Indonesian pearls come in different colors from white to deep gold, while the Philippines is particularly famous for its golden pearls.

Children's jewelry – still something of an untapped market

21 august 2017

Children's jewelry is a sector of the market that has been quietly growing even though it receives little media coverage and is a much smaller part of sales than the adult sector. Traditionally, the children's jewelry sector has been composed of christening bangles and bracelets and commemorative brooches. However, it is now branching out to include earrings and charm bracelets, among other items. Meanwhile, the phenomena that is Pandora jewelry, has come about due sales largely to girls in 12-18 age group.

DRC: Poor value eclipses new status as world’s second largest diamond producer

14 august 2017

The Democratic Republic of Congo (DRC), a resource-rich country, yet very poor, had been bleeding, literally, for quite some time with no prospects for peace on the horizon. Apart from a never-ending war between the government troops and drug-crazed rebels, the country also plunged into a political turmoil as President Joseph Kabila refused to vacate office when his term came to an end last December. Apart from the instability, which dominates news headlines on a daily basis, the country registered a huge leap in diamond production last year.

Indian Diamond industry at cross roads

07 august 2017

"This sector has come a long way from where it was. However, it is still far, far behind where it should be. Our strongest area is diamond cutting and polishing. In terms of the global value, our market share is much lower than it should be. Our future is much bigger than cutting and polishing. We have a lot of unexplored potentials," said PM Narendra Modi to diamond industry. “Go beyond cutting and polishing, make India a manufacturing hub.”

Tailing Dumps at the Malyshevskoye Emerald Deposit

31 july 2017

The tailing dump was started in the early 1960s during the development of the Malyshevsky and Aulsky quarries. When mining was over, the wastes (middlings) formed at the beneficiation plant, waste rocks and substandard ores from the Malyshevskaya mine were dumped there. Two dumps were made: one for waste rocks and the other for substandard ores (poor in beryllium oxide). The sampling results and their appraisal showed the following inferred resources: the ore content in the waste dump is 6 mln tonnes; crystal raw materials: emeralds – 9,154 kg, alexandrites - 294 kg, phenacites - 435 kg; the in-place reserves do not include the quantity of beryl that can be extracted and converted into the gem-quality raw materials using the up-to-date technologies. It is an advantage that the ore-bearing rocks has already been unearthed to the surface and is ready to be processed.  

What the year of the Fire Rooster brings us: many a carat makes…

24 july 2017

On February 27, 2017, the New Year finally came by the Lunar Calendar. Today, when the Orient determines the global diamond market development trends, the Fire Rooster - the symbol of this year - hopefully will make the life of diamantaires brighter and replenish the diamond miners’ stocks with new carats. Today, five largest companies lead the way in the global diamond mining: De Beers, АLROSА, Rio Tinto, Dominion Diamond Corporation, and Petra Diamonds that produce over three-fourths the diamonds worth of up to 90% of the world diamond value. Based on the reports made by these companies, it is possible to predict the total volume and the value of the rough diamonds mined in the world.

Refinery Discrepancy

17 july 2017

Gold weighted bullion bars are a traditional symbol of welfare and one of the most popular investment tools. Many lines of profession – starting from a geologist to a smelter furnace-operator - are engaged in making a bullion bar, and its manufacture crowns a long production process and logistics. While many gold mining companies prefer to show 999-gold bullion bars in their presentations, more often their end-products are Dore bars. As a rule, it is a gold-silver alloy containing 70% to 85% of gold and up to 5% of byproduct non-precious metals. Dore bars are unsmooth, dark, each weighing about 23 kg, so they do not at all look like the gold the majority of people dream about. These are sent to the refineries where they undergo melting-down, are decontaminated and finally become traditional bank fine gold bars. It is the refinery hallmark that is an integral part of a marking used for a 999 gold bar. And there are reasons for that. First, Dore bars are supplied to the refineries by many gold miners and the metal melts in a ‘common pot’, to put it literally. Second, often this is not about tolling refining but about buying and selling of the gold-containing raw material, in other words, the refineries hold full rights for their end-products. This peculiar feature of the interaction between producers and refineries serves a purpose of collection of indirect taxes to the budget and is an obstacle for the increase in the refineries’ production, whose capacities are far from optimum utilization under the conditions of stagnating gold mining.

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