Rio Tinto’s diamond output dropped by 54% according to diamondworld .net to Only 2.79 million carats. The production of diamonds during the third quarter at its mines doubled. During the first nine months of this year, ending September 30th there was a 31% fall in its overall diamond output from all its mines to 9.58 […]
Rockwell Diamonds Inc. (TSX:RDI; JSE:RDI, OTCBB:RDIAF), a mid-tier diamond mining and development company has announced its financial results for the first six months ending August 31st 2009 of the first half of Fiscal 2010. Rockwell Diamonds is an alluvial diamond mining company with three active alluvial operations at Holpan, Klipdam, and Saxendrift. Wouterspan, a fourth […]
Due to the skyrocketing price of gold, many people in India are opting to buy diamonds. However according to the Economic Times of India, this has kept interest in gold alive, to a certain extent. According to Pankaj Parekh, regional chairman of the Gem and Jewellery Exports Promotion Council “Gradually, diamond sales in India are increasing […]
An 8.74 carat blue diamond was sold for 5.7 million U.S dollars at Sotheby’s auction in Hong Kong on Wednesday the 7th of October 2009. The diamond was emerald cut fancy intense blue with VVS1 grade (which is the third best grade). The stone was bought by an anonymous phone bidder. Four rivals were also bidding seriously […]
Alrosa, the Russian diamond miner sold $676.24 million worth of rough diamonds to Gokhran, the Russian precious metals and gemstone repository according to Interfax. These large scale sales of rough diamonds to the repository has been fueled by the limited sales of rough diamonds to the market due to the economic downturn. Alrosa announced on […]
GemEx systems Inc. , a company which specializes in the light performance of diamonds is to start offering their services in the Manhattan’s diamond district. Their Proprietary Brilliance Scope Analyzer will also be available. Customers can make an appointment to have their stones examined. Testing is done using 5 different light measurements so as to […]
The Hong Kong Gem and Jewellery Fair which is one of the worlds most famous jewellery fairs held its 2009 Fair. Click to enlarge Buyers at the Sri Lanka Pavilion Hong Kong Gem and Jewellery Fair 2009 Photos courtesy NGJA It is also considered among the top 3 fine jewellery fairs of the world. It is the […]
The NGJA –National Gem and Jewellery Authority now provides silver at subsidized rates to traditional jewelers. This gives the local jewelers an opportunity of improving their designing skills and organizing themselves so that they can manufacture products that will meet internationally acceptable standards. The Sri Lanka assay office guarantees the purity of the silver. On […]
A large 507.55 carat diamond was discovered at the Cullinan Diamond Mine on Thursday the 24th September 2009. This makes it one of the largest rough diamonds ever found. This is the 18th largest rough diamond discovered in the world so far. The Cullinan Diamond with a weight of 3106 carats is the largest rough […]
The diamond output of Namibia rose more than double in the second quarter compared to the first,said Paul Hartmann, the Deputy Governor of the Bank of Namibia. However the number of carats mined were not disclosed. According to Bloomberg the output of diamonds declined by 48% compared with the same period an year earlier. Hartmann […]