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Ekati Mine
Dominion's 3Q Sales Jump on Higher Ekati Production
Dominion Diamond Corp’s sales jumped an estimated 47 percent during the third quarter that ended October 31 due to increased production at the Ekati mine.The company reported total sales of $222.3 million, which include proceeds from...
Rough Markets Nov 23, 2014 Avi Krawitz
Grib Mine
Grib Diamonds for Grabs
The Grib diamond mine in Russia, owned by the somewhat unlikely candidate of oil supplier Lukoil, is arguably the most prospective of the new generation of diamond mines. Therefore, its launch of commercial mining earlier this year...
Mining Nov 21, 2014 Avi Krawitz
Antwerp Beurs Voor Diamanthandel
Belgium's October Polished Diamond Exports -4%
Belgium’s polished diamond exports fell 4 percent year on year to $1.28 billion in October, according to data published by the Antwerp World Diamond Council (AWDC). By volume, polished exports dropped 11 percent to 565,359 carats, while the average...
Polished Markets Nov 16, 2014 Avi Krawitz
Emanuel Namdar
Diamond Business Cycle Sets Roadblock to Better Bank Finance
Schachter & Namdar Asia (S.N. Asia) is a diamond manufacturer with cutting factories in South Africa and Namibia that is focused on selling branded diamonds in the Asian market. The company’s brands include the Brilliant Rose...
Manufacturing Nov 16, 2014 Avi Krawitz
Lucara Diamond
Lucara's 3Q Revenue, Earnings Jump
Lucara Diamond Corporation, which operates the Karowe mine in Botswana, reported that earnings more than doubled during the third quarter as revenue continued to climb from the sale of large diamonds.The company reported that...
Mining Nov 11, 2014 Avi Krawitz
Borsheims
Berkshire Hathaway's 3Q Retail Revenue +5%
Berkshire Hathaway reported that revenue from its retail division increased by $48 million, or 5 percent year on year, in the third quarter that ended on September 30, 2014. The division, which includes Ben Bridge Jeweler,...
Retail Nov 09, 2014 Avi Krawitz
Jwaneng Operations
De Beers Value Proposition
The analyst presentation that De Beers published this week on behalf of Anglo American was as revealing as the company’s much publicized Diamond Insight Report. Whether this was a once-off publication or not, the presentation was another...
Mining Nov 06, 2014 Avi Krawitz
mokaila
Botswana Reappoints Mokaila as Minister of Minerals, Energy and Water
Onkokame Kitso Mokaila has been re-appointed as Botswana’s Minister of Minerals, Energy and Water, despite losing his parliamentary seat in the national election that took place on October 24. Mokaila lost his Barolong constituency...
Mining Nov 04, 2014 Avi Krawitz
Trade Report Icon
Trade Report
Going With Lower PricesManufacturers and dealers are hoping positive holiday demand and lower rough prices will boost sentiment and liquidity levels.Polished diamond prices continued to decline in October as liquidity concerns deepened and...
Magazine-Industry Nov 01, 2014 Avi Krawitz
CanadaMark Certificate
Made in Canada
The recent re-launch of the CanadaMark hallmark by Dominion Diamond Corporation is designed to enhance the company’s status as Canada’s primary diamond mining company. While CanadaMark is essentially a business-to-business (B2B) program that complements the brands of manufacturers...
Polished Markets Oct 31, 2014 Avi Krawitz
Jewelry Store Owners
Growth Prospects
The diamond and jewelry market, like the global economy, is sending mixed messages ahead of the holiday shopping season. The prevalent claim that the economy is showing its strongest prospects since the 2008...
Polished Markets Oct 24, 2014 Avi Krawitz
Bruce Cleaver
Sharing Information Enhances De Beers Leadership Position
De Beers published its Diamond Insight Report at the September Hong Kong Jewellery and Gem Fair. The 90-page volume, also available online, provides a snapshot of the state of the diamond industry and outlines trends...
Polished Markets Oct 05, 2014 Avi Krawitz
Diamond Rings
Shifting Demand
Diamond prices continued to fall in September maintaining a long-term downtrend that started in mid-2011. Apart from the positive first quarter of 2014, when polished prices rose, average prices have been on a consistent, gradual decline. As a result,...
Polished Markets Oct 03, 2014 Avi Krawitz
Trade Report Icon
Prices Soften, Lower Quality in Demand
The mood in the diamond industry improved during September as the Hong Kong Jewellery & Gem Fair exceeded expectations. Strong visitor traffic in the diamond hall signaled steady Far East demand even if sales...
Magazine-Industry Oct 01, 2014 Avi Krawitz
Botswana Mines Minister
Botswana’s Real Diamond Story Starts Now
Botswana has evolved to become one of the most important diamond centers since De Beers shifted its sorting and sales operations from London to Gaborone and the state-owned Okavango Diamond Company (ODC) launched its...
Mining Sep 21, 2014 Avi Krawitz
Hong Kong Sept 2014
Lessons from Hong Kong
The Hong Kong Jewellery and Gem Fair that took place this week reassured the diamond trade that things are not quite as bad as they seem. There were a high number of visitors at the...
Polished Markets Sep 18, 2014 Avi Krawitz
Hong Kong
Trading Momentum Stretches Into Third Day at Hong Kong Show
Diamond trading at the Hong Kong Jewellery & Gem Fair held steady on Wednesday with strong visitor traffic, despite the opening of the second venue of the show that features finished jewelry. The loose...
Polished Markets Sep 17, 2014 Avi Krawitz
HK Sept Show Registration
Dealer Sentiment, Visitor Traffic Improves at the Hong Kong Show
The mood among diamond suppliers who are exhibiting at the Hong Kong Jewellery & Gem Fair improved on the second day of the show due to strong visitor traffic. While trading did remain slightly...
Polished Markets Sep 16, 2014 Avi Krawitz
HK Sept 2014 Show banner
Visitor Traffic Holds Steady for Opening Day of Hong Kong Show
The Hong Kong Jewellery and Gem Fair opened on Monday with steady visitor traffic but cautious trading as buyers sought out pricing information in the early stages of the show. Suppliers maintained moderate expectations...
Polished Markets Sep 15, 2014 Avi Krawitz
Ghaghoo Mine Opening
The Ghaghoo Narrative
The opening of the Ghaghoo diamond mine, located in Botswana’s Central Kalahari Game Reserve (CKGR), that took place this week was not only a significant milestone for the mine’s owner Gem Diamonds, but...
Mining Sep 12, 2014 Avi Krawitz
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