Headlines

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).

ALROSA Sells $1.582B Of Rough Diamonds In First Quarter

ALROSA sold $1.582 billion of rough diamonds in the first three months of this year, with sales of almost $550.3 million in March.

"In January-March, world markets saw higher demand for medium and large-size rough diamonds compared to the same period last year," said ALROSA Deputy CEO Yury Okoemov.

Actress Elizabeth Hurley Guest of Honor at CARAT+ Show Event

CARAT+ will welcome exhibitors, visitors and CARAT+ Club members to its second annual CARAT+ Night evening event on May 6.

British actress and model, Elizabeth Hurley, will be guest of honor at CARAT+ Night. She will formally open the event before meeting exhibitors and discovering the loose diamonds, diamond jewelry and colored gemstones on display.