Botswana’s President to Demand Increased Local Polishing in New Deal With De Beers

Mokgweetsi Masisi, Botswana’s President, will demand a new long-term diamond deal with De Beers when the current 10-year deal expires in 2020 that will include more stone cutting and polishing domestically.

Stuart Brown Appointed President and CEO of Mountain Province Diamonds

Outgoing Firestone Diamonds Plc Stuart Brown has been appointed as Mountain Province Diamonds new President and Chief Executive Officer with effect from July 1.

ALROSA: Big Jump In Rough Sales And Profits In Q1

Russia's ALROSA reported that rough diamond sales grew by 43% on the quarter to 13.4 million carats in the first quarter of 2018, while production decreased by 26%.

Farnese Blue Sells for $6.7 Mn at Sotheby’s Geneva Jewelry Sale

An historic diamond known as The Farnese Blue, sold for $6,713,837, well above its pre-sale estimate of $3.6 million – $5.2 million at Sotheby’s Geneva jewelry sale.

WDC Leaders Meet KP Stakeholders in DRC

Stephane Fischler, acting president of the World Diamond Council (WDC) and Marie-Chantal Kaninda, executive director of the WDC, traveled last week to the Democratic Republic of Congo (DRC) to meet with key stakeholders involved in the Kimberley Process (KP).

Consumer Demand For Diamond Jewelry Hits Record $82 Bn, Says De Beers

Global consumer demand for diamond jewelry hit a new all-time high in 2017, climbing to $82 billion, a 2% increase on the previous year, according to industry insight data published by De Beers Group.

Debswana to Extend Lifespan of World’s Most Valuable Diamond Mine

The Jwaneng mine in Botswana will be deepened to 830 meters, according to a plan by the government published in local newspapers.

The Cut 9 project will extend the mine’s life by 11 years, to 2035, and allow the extraction of a further 50 million carats.

Jewelry Trade Challenges on Agenda of Dubai Precious Metals Conference

The DMCC held the 7th edition of its annual Dubai Precious Metals Conference (DPMC) in mid-April, with more than 300 participants listening as speakers and panelists from the precious metals sector discussed issues and opportunities critical to the future of the worldwide trade.

Of particular interest to the jewelry industry was the panel debate on the subject of ‘Challenges in The Jewellery Sector’, and moderated by Chandu Siroya, Vice Chairman of the Dubai Gold and Jewellery Group (DGJG).