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ALROSA expects rough sales at the level of 40 million carats in 2018 - UBS

ALROSA (MCX: ALRS) expects to drive its rough sales to the level of 40 million carats in 2018, the UBS Bank informed its customers following a meeting with the diamond mining company.

19 january 2018

De Beers adopts blockchain to boost confidence in diamonds

De Beers said it is progressing development of the first blockchain technology initiative, which will underpin confidence in diamonds and the industry by ensuring that all registered diamonds are conflict-free and natural, while also enhancing efficiency...

19 january 2018

India's cut&polished exports up 7.7% in December

India's exports of cut and polished diamonds during Dec '17 rose to $ 1.59 bn from $ 1.48 bn in Dec '16 recording an increase of 7.7%, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC)...

19 january 2018

US Diamond Imports Rise in November

US polished-diamond imports jumped 11% year on year in November, government data showed.

19 january 2018

ALROSA adjusts gas assets auction rules

On January 18, the Supervisory Board of ALROSA adjusted its gas assets auction rules during an absentee voting.

19 january 2018

Why Diamonds and Gems Are Catching the Eye of Serious Investors

19 january 2018

(robbreport.com) - The kind of sensational headlines that, for the past decade, have been associated with multimillion-dollar art transactions are now occurring with notable regularity in the world of diamonds and gemstones. News makers include Laurence Graff, who acquired a $53 million, 1,109-carat uncut diamond in late September, and Christie’s, which announced in November it would sell a 163-carat D-flawless diamond, the largest ever to come to auction.

New Canadian Diamond Discoveries Could Close Pending Supply Gap

18 january 2018

(stockhouse.com) - On November 1st, De Beers said that it will be closing its nearly depleted Victor diamond mine in northern Ontario in early 2019. Victor is the first in a line of legacy diamond mines world-wide that will be closing over the next 5-years. Most notably, Rio Tinto’s illustrious Argyle mine in Australia is expected to shut operations in 2021. At peak production, in the mid-90’s, Argyle produced over 40M carats annually. To put that into perspective, total 2017 global diamond output is estimated at less than 150M carats. De Beers Voorspoed mine in Botswana is on pace to reach end-of-life by the end of the decade, and a slew of the company’s alluvial mines in Namibia are planned to be phased out by 2022. With global diamond demand forecast to grow at approximately 3.5% annually over the next five years, driven by middle class consumers in Mainland China and India, the industry’s fastest growing large markets, a supply gap down the line seems inevitable if forecasts hold.

GEM share flies on 910 carat whopper recovered at Letšeng

17 january 2018

(miningmx.com) - A 910 carat (ct) diamond recovered at GEM Diamonds’ Letšeng mine in Lesotho could fetch more than $40m and help support the firm’s under-pressure balance sheet. Shares in GEM gained 13% in early morning trade on the London Stock Exchange. On a 12-month basis, however, the company has lost a fifth of its value.

Diamond Portraits – Sir Thomas Cullinan

17 january 2018

(ehudlaniado.com) - Most people in the diamond industry immediately recognize the name Cullinan as belonging to probably the most famous rough diamond in history, and several of the most famous polished diamonds in the world today. They are likely also familiar with the Cullinan mine in South Africa, which has produced some of the most magnificent diamonds in history, including the Blue Moon which I was so incredibly fortunate to have been a part of. But few of us know much about Sir Thomas Cullinan, the namesake of both the mine and the largest gem-quality rough diamond ever found.

5 Amazing Facts You Might Not Know About Diamonds

16 january 2018

(brides.com) - Yay, you're engaged! You found the love of a lifetime—and of course the diamond engagement ring of your dreams! And while you could make a list a mile along of everything that makes your fiancé special, there are plenty of amazing facts we bet you didn't know about that diamond on your finger. If you've ever found yourself asking “how did this rock become a brilliant, sparkling diamond that made its way to my finger?”, you've come to the right place. The ancient Greeks believed diamonds were tears of the Gods fallen from the sky, and while we seriously wish that were true, we set out to get to the bottom of how the modern-day diamond came to be. “Diamonds are truly a miracle of nature” says Grant Mobley, Diamond Expert at Pluczenik. “What most people don’t know is how many factors have to align just perfectly for a diamond to form and come close to the surface of the earth in order for us to enjoy them.” Are you ready to find out why that sparkler on your ring is even more special than you thought? Here, 5 true facts about diamonds we still can't believe!

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