Headlines

ALROSA – Long-Term Diamond Supply Agreements Signed With 67 Clients

ALROSA has signed 67 long-term agreements with 65 companies for the sale of gem-quality and industrial rough diamonds for the new 2018-2020 contract period, the Russian miner announced.

US: 1,022 US Jewelry-Related Businesses Closed Down In 2017

More than 1,000 jewelry-related firms closed down in the United States last year, leaving 26,031 businesses in operation, according to the Jewelers Board of Trade (JBT).

De Beers: Output Up 5% In Q4 To 8.1 Million Carats

De Beers posted a five percent rise in rough diamond production for the fourth quarter of 2017 to 8.1 million carats, reflecting stronger trading conditions as well as the contribution from the ramp-up of the Gahcho Kué mine in Canada.

In Botswana, production increased marginally to 5.5 million carats. Orapa’s production increased 14 percent, mainly due to planned increases in plant performance, and the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. This was partially offset by Jwaneng, where production decreased 15 percent due to expected lower grades.

Dan Gertler Placed on US Treasury Sanctions List

Israeli diamantaire and billionaire Dan Gertler has been placed on the US Treasury's Office of Foreign Assets Control (OFAC) sanctioned individuals list due to his business ties with President Joseph Kabila of the Democratic Republic of Congo (DRC).

ALROSA Inviting Design Solutions To Resume Production At Mir

ALROSA will hold a contest for design solutions to enable the resumption of diamond mining at the Mir mine where eight workers lost their lives in an accident in August.

GJEPC Reports 50% Jump in India's Polished Diamond Exports In November

Polished exports from India last month surged by almost 50 percent to around $1.78 billion.

Polished exports for the April to November period were up just 1.3 percent to $15.6 billion, according to the figures from the Gem & Jewellery Export Promotion Council (GJEPC).

Reorganization planned as Antwerp BrilliAnt fair delayed

The organizers of the BrilliAnt fair in Antwerp have announced the postponement of the ninth edition little more than a month before it was due to be held.

Eight consecutive editions of the show have been held in late January-early February.

ALROSA: 30 Auctions Of Special Size Rough to be Held In 2018

Russia's ALROSA will hold 30 international auctions for the sale of special size natural rough diamonds weighing 10.8 carats and more in 2018.

Two auctions will be held in New York where ALROSA's trade office will resume its full-scale operation, the mining giant announced.