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ALROSA plans to auction large diamonds in Dubai

ALROSA, the world’s largest diamond mining company, will hold an auction for the sale of special size rough diamonds (weighing over 10.8 carats) in Dubai in the period from May 27 to June 14, 2018.

Today

Signet Jewelers to join pilot of De Beers-led blockchain platform

Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join the pilot of De Beers-led blockchain platform, Tracr.

Today

Chow Tai Fook to use blockchain technology for ‘T MARK’ diamond brand

Clients of Chow Tai Fook’s diamond brand, CHOW TAI FOOK T MARK (T MARK), will receive a permanent and immutable blockchain record of their diamond’s GIA grading information.

Today

Mountain Province Diamonds announced results of fourth diamond sale of 2018

Mountain Province Diamonds Inc.  announced the results of its recently completed fourth diamond tender sale of 2018.

Today

Petra Diamonds to raise $178 mln to cut debt

Petra Diamonds, which has mining operations in South Africa and Tanzania, has launched a $178 million rights issue to settle part of its swelling debt.

Today

Discussing synthetics on the sidelines of RJC Annual Meeting in Moscow: Customers should know what exactly they are buying

Today

Last week, the Responsible Jewellery Council (RJC) Annual General Meeting was held in Moscow with the conference organized within the framework of it on the issues related to the synthetic diamonds and the need to set distinction between the markets of mined rough diamonds and synthetic stones. The RJC comprises about 1,000 companies from various segments of the diamond market, including ALROSA, De Beers, Dominion Diamond Corp., Rio Tinto, and Lucara Diamond Corp.

Mercury Polished Diamond Prices: Signs That the Tide Has Turned

Yesterday

(ehudlaniado.com) - Polished diamond prices increased across the board in April, indicating that the polished market is strengthening. The rise follows weak prices in March and marks a return to the trend of rising polished diamond prices that started in December 2017. The Mercury Diamond Global Tracker™ (MDGT™) averaged 114.94 in April, up 0.2% over March. Year-over-year, polished diamond prices are still low, down 1.9% compared to April 2017. The Mercury Index rose 0.28% in January and 0.08% in February, but declined 0.2% in March. Prior to that, the Mercury Index mainly declined for several years. Polished diamond prices peaked in April 2014, when the index reached 142.3. Since July 2014, the index has exhibited a steady decline with a few notable respites in the 44-month period. The rise in prices is noteworthy, and not only because it is important for the midstream of the diamond pipeline to finally have some relief. Price increases in three out of four months is already a trend. The decline in March in this context even makes sense. Traders had certain sales expectations early in the month due to the trade fair in Hong Kong. When they did not materialize as expected, the reaction of price decreases was normal. However, the forces that are pushing up prices are steady and were present in March as well.

ABN AMRO to Shut New York, Dubai Diamond Lending Offices

23 may 2018

(jckonline.com) - ABN AMRO is closing its New York City and Dubai, United Arab Emirates, diamond and jewelry lending offices, the bank confirmed to JCK. ABN AMRO’s New York City diamond division has long been an industry institution and was, until now, one of the last remaining bank offices devoted to serving diamond and jewelry clients in the United States.

Dominion Holds Off on Ekati Expansion

22 may 2018

(diamonds.net) - (Rapaport News) - Dominion Diamond Mines has delayed a key extension to its Ekati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June 2016 because it determined that the main Ekati deposit could yield more ore than it had expected. Following that decision, Dominion said it would begin work on Jay in 2018, rather than its original target of 2017. However, the miner has pushed back the project again to study how it can increase Jay’s profitability, CBC News reported, citing a company official.

De Beers Successfully Tracks Diamonds From Mine To Retail On Industry Blockchain

21 may 2018

(idexonline.com) - De Beers said that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond’s journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter and polisher, then through to a jeweler.

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