US$12bn mining industry achievable
Minister of Mines and Mining Development Hon. Winston Chitando WHEN President Emmerson Mnangagwa in October last year launched a roadmap to achieve a US$12 billion mining industry by 2023 most people and economic analysts dismissed it as a highly ambitious statement of intent. The roadmap was described as hollow on how such an ambitious […]
A ring with 7,801 diamonds sets new World Record
The design is based on a rare Himalayan flower and has 46 “petals” of diamonds A super lavish ring, aptly named “The Divine”, now holds the new Guinness World Record for most diamonds set in one ring. The ring, set with 7,801 diamonds, will be auctioned in the future, according to IDEX Online. The […]
Alrosa combines cutting and polishing into a single framework
Alrosa plans to integrate all its facilities to a new production framework in 2021. Russian mining giant Alrosa has begun to combine its cutting and polishing facilities into a “single production framework”, according to a press release. To date, Alrosa has three cutting and polishing facilities across the country, all together responsible for more than […]
Trade must continue transformation: Dvash
Image: Yoram Dvash – (Israel Diamond Exchange) The week of September 14 was as momentous as they come for Yoram Dvash. The 56-year-old head of the Israel Diamond Exchange was elected president of the World Federation of Diamond Bourses (WFDB), having served as its interim leader since April, while his office facilitated the biennial […]
Diamond revival underway after a 10-month slump
A Sotheby’s employee holds a 102.39-carat D Color Flawless Oval Diamond during a media preview at Sotheby’s in New York last month. (Photo by Angela Weiss, AFP via Getty Images Diamonds are starting to sparkle again after a 10-month slump with jewelers hoping that the recovery will accelerate in the lead up to Christmas, […]
Are lab-grown diamonds a threat?
Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations and international associations, CIBJO is the industry’s oldest international organization, having been established in 1926. In 2006, […]
Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly started to come back to life. This fall, De Beers, the world’s largest diamond producer by value has reported a growing momentum in sales; several small producers reported their first regular diamond tenders in Antwerp in September; and mines such as Renard in […]
38 Israeli Diamond Traders Approach Dubai’s Exchange
The normalization agreement has opened direct flights and bank dealings with the UAE. The strengthening relationship between Israel and Dubai is already affecting the diamond trade: According to IDEX Online, diamond traders from Israel “are flocking to set up offices in Dubai”. 38 Israeli have approached the Dubai Multi Commodities Centre (DMCC), home to the […]
World’s largest known vivid purple-pink diamond could fetch $38 Million
A 14.83-carat fancy vivid purple-pink internally flawless diamond will be the top lot at Sotheby’s Geneva Magnificent Jewels and Noble Jewels auction on November 11. It is the largest vivid purple-pink diamond ever offered at auction. Its estimate is $23 – $38 million. Named the “The Spirit of the Rose,” it also is one of […]
UAE-Israel accord could bring sparkle to Dubai diamond trade
Dubai, with $21.2 billion in diamonds traded last year according to DMCC, and Israel, with around $12 billion according to its exchange, are Middle East’s main diamond centers; local traders say they are inundated with Israeli inquiries.The week that Israel and the United Arab Emirates normalized ties, Israeli diamond trader Zvi Shimshi headed to the […]