Headlines

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.

Lucara: 472 Carat Diamond, 3rd Largest Ever Found at Karowe

Lucara Diamond Corp. has found a 472-carat, top light brown gem diamond, the third-largest diamond ever recovered from its 100% owned Karowe diamond mine located in Botswana.

Forevermark Launches In Indonesia as Global Expansion Continues

Forevermark, the De Beers Group's diamond brand, has expanded into Indonesia.

Forevermark is partnering with Indonesian jewelry company, Central Mega Kencana (CMK), which will sell Forevermark in its retail brands, Frank & Co., The Palace and Miss Mondial.

NY DDC Holds Israel Diamond Week On New Trading Floor

The Diamond Dealers Club (DDC) held its annual Israel Diamond Week from April 10-12, welcoming Israel Diamond Exchange (IDE) members to its new premises for the first time.

As in the past, members of both bourses exhibited their goods on the DDC trading floor, now located at 50 West 47th Street.

Ongoing Industry Restocking Behind Strong De Beers Sight

De Beers sold rough diamonds with a provisional value of $520 million, following confirmed sales of $564 million in the second sales cycle (Global Sightholder Sales and Auction Sales) of 2018.