Headlines

World Diamond Mark introduces Part of You™ campaign to retail jewelers at JCK LV Keynote Talk

The World Diamond Mark Foundation (WDM) held a well attended JCK Keynote Talk on June 4 at the JCK Las Vegas show.

The WDM team, consisting of Krisztina Kalman-Schueler, WDM Programme Director, Alex Popov, WDM CEO and Chairman, and Ya'akov Almor, WDM Communications Director, presented Part of You™, the WDM's global diamond retailer promotion campaign and its brand-new B2C website www.passion.diamonds to a full house.

Diamond Producers Association Announces 2017 Marketing Budget Jump to $57M

The Diamond Producers Association (DPA) announced at the JCK show in Las Vegas that it has approved a 2017 full-year marketing investment of $57 million – more than four times the 2016 budget.

DPA Chairman Stephen Lussier said, "The Board's decision is a major turning point for the Diamond Producers Association and the diamond industry. All Board Members are aligned behind the goals and plans of the DPA, which is now fully equipped to fulfill its mission of communicating to next generation consumers about the timeless beauty and emotional value of diamonds. We look forward to working closely with the diamond and jewelry trade and with other industry organizations to build a stronger future for our sector." 

Diamantaire Lev Leviev Acquires Half of Zambian Emerald Mine

Israeli diamond giant Lev Leviev has acquired half of an emerald mine in Zambia – getting into a market where the green stones have reportedly seen a 10-fold rise in price in the last eight years.

Leviev bought half of the Grizzly emerald mine in Zambia close to the border with the Democratic Republic of Congo.

Jamesallen.Com and Dominion Will Market And Brand Canadamark Diamonds

E-tailer JamesAllen.com has signed an agreement to market and brand CanadaMark® certified diamonds as part of a mine-to-consumer deal and Dominion Diamond Corporation.

JamesAllen.com is an online retailer of engagement rings and loose diamonds, while Dominion is Canada’s largest independent diamond producer.

India and-Russia Sign Diamond Sector Cooperation Agreement

India's Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have signed a Memorandum of Co-operation (MoC) in the presence of India’s Prime Minister, Narendra Modi and Russia’s President Vladimir Putin.

The MoC was signed on the sidelines of the St. Petersburg International Economic Forum (SPIEF) in Russia. The GJEPC said it was significant because:

US Diamond Jewellery Demand Hits US$41 Billion High

Total diamond jewellery demand from US consumers increased 4.4 percent in 2016 to exceed US$40 billion for the first time, according to industry insight data published today by De Beers Group.

While slower US GDP growth in the first quarter of 2017 is likely to have impacted diamond jewellery demand in the short term, the US has recorded five years of consecutive demand growth. US consumers now account for roughly half of all diamond jewellery purchases globally – a level not seen since before the financial crisis.

ALROSA Signs Deal For Stake in Angolan Diamond Deposit

Sergey Ivanov, ALROSA President, and Antonio Carlos Sumbula, President of Endiama, Angola's national diamond company, signed a deal to give the Russian miner a stake in the Luaxe diamond deposit. Ivanov said the mine has a value of more than $35 billion.

“The Luele pipe is the largest of all those discovered worldwide over the past 60 years since the discovery of deposits in Yakutia," Ivanov said. "As a specialized investor in the Luaxe project, ALROSA, which has relevant professional competence, will assume obligations for the new company’s project solutions and technical policy. The total commercial value of the deposit is assessed as over $35 billion."

Gareth Penny-Led Group To Buy Firestone Diamonds Botswana Operations

Firestone Diamonds plc has signed a conditional option agreement for the potential disposal of its Botswana operations with a group of private investors led by former De Beers Diamond Trading Company CEO Gareth Penny and Diacore Diamond Group (PTY) Limited, a multinational diamond company with diversified interests in the diamond industry.

The agreement includes its interest in the BK11 mine, to Amulet Diamond Corporation for a total potential cash amount of $5.1 million.