Category Archives: Diamonds

Isak Katali, Namibian Mines & Energy Minister Appointed to the Board of DDE

The Dubai Diamond Exchange in its attempts to consolidate its position as a truly global player in the international diamond trade has been expanding its Board of Directors recently to include experts from diamond-producing countries in Africa, which account for 61% of the World’s diamond production by value and 56% by volume (carats). It was […]

De Beers Appoints Five New Sightholders While Adjusting Allocations to Existing Sightholders in Line with Availability and Demand

The De Beers Group of Companies in a press release dated March 18, 2014, announced the qualification of five new sightholders for the remaining 2012-2015 Supplier of Choice (SoC) contract period. The companies selected are expected to be appointed formally before sight number four due to be held in May 2014. The De Beers’ modified […]

Kimberley Diamonds Ltd. Announces Highest Price-Per-Carat for Ellendale Diamonds

Australian Stock Exchange (ASX) listed Kimberley Diamonds Ltd. announced on Friday, March 7, 2014, that the company had registered the highest price-per-carat for its rough diamonds, produced at the Ellendale mine, since taking ownership of the mine in February 2013. The overall price achieved at the recently concluded online auction, conducted on the company’s behalf […]

Gem Diamonds Sell two 160+ Carat Diamonds at their Antwerp February Tender

In a press release dated March 5, 2014, Gem Diamonds Ltd. the world’s leading producer of high-value diamonds, announced the sale of the two 160+ carat diamonds recovered from their Letseng la Terai mine in Lesotho at the end of January 2014. The successful sale took place at the Company’s end of February diamond tender […]

AGS Laboratories Open Take-in Window for New York’s Diamond District

The American Gem Society (AGS) Laboratories, based in Las Vegas, Nevada, whose Diamond-grading reports enjoy universal acceptance, is due to open its first-ever New York Diamond District take-in window, on March 12, 2014, at the Brinks offices, located at 580, 5th Ave, Suite 400 in Manhattan. This is in response to numerous requests from AGS […]

DDC New York Organizes Pavilion for the First Time at the Hong Kong International Diamonds, Gem & Pearl Show

Reuven Kaufman, president of the New York Diamond Dealers Club (DDC) announced on February 28, 2014, as part of DDC’s commitment to open new trading opportunities for its members, DDC New York will for the first time take part in the Hong Kong International Diamond, Gem & Pearl Show to be held from March 3-7, […]

Lucara reports strong 2013 FULL YEAR RESULTS with a total revenue of $180.5 million from diamond sales

In a Press Release dated February 20, 2014 Lucara Diamond Corp. a member of the Lundin Group of Companies based in Vancouer, Canada and owner of the Karowe mine in Botswana and the Mothae mine in Lesotho, reported strong 2013 full year results, with a total revenue of $180.5 million from diamond sales that achieved […]

Kimberley Diamond Limited to Recommence Mining at Ellendale’s E4 Mine

Kimberley Diamond Limited, the wholly owned subsidiary of Goodrich Resources, a company based in Sydney, who acquired the Ellendale Diamond Mine situated in the West Kimberly Region of Western Australia, from Gem Diamonds Ltd. in February 2013, announced recently its plans to recommence mining at Ellendale’s E4 mine this year, which was hitherto under care […]

GIA’s DiamondCheck Machine Installed at Dubai Diamond Exchange

The GIA working in association with the World Federation of Diamond Bourses (WFDB), committed to enforcing its stand of “zero tolerance” in the non-disclosure of synthetic diamonds, offered its latest invention by its research scientists, the user-friendly DiamondCheck machine to all member bourses of the WFDB, free-of-charge, to enable them tackle this menacing problem and […]

15% of Anglo-American’s Underlying Operating Profit of US$ 6.6 billion generated by De Beers

UK-based mining giant Anglo-American, listed on the London and Johannesburg stock exchange, with a portfolio spanning iron-ore, manganese, metallurgical and thermal coal, copper, nickel, niobium, phosphates, platinum and diamond, released their 2013 preliminary operating and financial review for the financial year 2013, on February 14, 2014. Overall, Anglo-American announced underlying earnings of $2.7 billion with […]

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