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Christie's to Auction Rare Golconda Ear Pendants
Christie's will auction a pair of ear-pendants featuring rare Golconda diamonds at its upcoming Hong Kong Magnificent Jewels sale to be held at the Hong Kong Convention & Exhibition Center on May 31, 2011. Known as the "Imperial...
Gemstones Apr 03, 2011 Deena Taylor
Marange Fields
Anjin Wants Kimberley Process to Certify Stockpile
Anjin, a Chinese state company, is awaiting Kimberley Process certification to export its stockpile of rough diamonds mined at Zimbabwe's Marange fields, according to Zimbabwe's deputy mines minister Gift Chimanikire. Although the minister could not verify...
Fair Trade Mar 31, 2011 Deena Taylor
Elizabeth Taylor book
Elizabeth Taylor's Jewelry May be Auctioned at Christie's
Elizabeth Taylor's jewelry collection, valued at more than $150 million, could be auctioned by Christie's sometime in the future, People magazine reported. Taylor passed away this past week at the age of 79. Christie's declined comment...
Gemstones Mar 29, 2011 Deena Taylor
BHP Billiton
BHP Billiton Appoints Niels Wage VP Diamond Marketing
Chris Ryder, previously head of BHP Billiton’s diamonds marketing unit in Antwerp, has relocated to Saskatchewan, to lead BHP's external affairs group in Canada. Niels Wage will replace Ryder as the vice president of marketing for diamonds...
Rough Markets Mar 24, 2011 Deena Taylor
Bonhams & Butterfields
Diamond Jewelry Realizes Strong Prices at Bonhams & Butterfields
Bonhams & Butterfields' Salon Jewelry and Watches auction held this week in San Francisco achieved $985,000 and realized strong prices for diamond jewelry, the company reported. Highlights from the 365-lot sale,...
Retail Mar 23, 2011 Deena Taylor
IDCA to Hold Gala Awards Night at JCK Las Vegas
The Indian Diamond and Colorstone Association (IDCA) will celebrate its 27th annual Gala Awards Night during the JCK Las Vegas show to be held on June 4, 2011, at the Mandalay Bay Hotel. This year,...
Marketing Mar 21, 2011 Deena Taylor
Bidz.com Refreshes Website Design
Bidz.com relaunched its website, with new features including improved search options, top brand navigation and an enhanced checkout process, the company reported. "We believe the new website will help increase conversion...
Retail Mar 21, 2011 Deena Taylor
Marange Rough
Zimbabwe's PM Says Diamond Revenue to Help Pay Off Debt
Zimbabwe will use revenue from diamond sales to pay off part of its $7.1 billion external debt, Prime Minister Morgan Tsvangirai said. In an interview with Reuters, Tsvangirai explained that the country will seek...
Rough Markets Mar 09, 2011 Deena Taylor
tiffany small
Tiffany Appoints Cumenal as Executive Vice President
Tiffany & Co appointed Frederic Cumenal as its executive vice president effective March 10, 2011, the company announced today. Cumenal, 51, will head Tiffany’s businesses in Asia, Japan, Europe and emerging markets and...
Retail Mar 02, 2011 Deena Taylor
Academy Awards
Diamonds Shine on Oscar Night 2011
Forget the golden statue, diamonds were hit on Oscar night. Those who took to the red carpet wore some of the most dazzling diamonds on offer at the 83rd Annual Academy Awards ceremony held in Los...
Gemstones Feb 28, 2011 Deena Taylor
Court Says Israeli Accused of Swiss Diamond Switch Can be Extradited
Felix Prakopetz, a 61-year-old Ramat Gan resident charged with stealing $2.3 million worth of diamonds by switching them for candy, can be handed over to Swiss authorities, the Jerusalem District Court ruled yesterday. Prakopetz was...
Financial-Legal Feb 22, 2011 Deena Taylor
Mir Mine
ALROSA Targets 39M Cts. Annual Diamond Production by 2018
ALROSA estimated that annual production will rise 15 percent from current levels to reach 39.6 million carats by 2018, the Russian diamond miner said Monday. The company’s production settled at 34.4 million in 2010, making...
Rough Markets Feb 21, 2011 Deena Taylor
Rough Diamonds
Russia's Rough Exports Jump in 2010
Russia's rough diamond exports increased almost four-fold to 30.6 million carats year on year in the first 9 months of 2010 and amounted to $2.16 billion, Itar-Tass reported.Statistics from Russia's Finance Ministry revealed that rough diamond...
Rough Markets Feb 20, 2011 Deena Taylor
Classic Diamonds 3Q Sales -22%
Classic Diamonds, a Mumbai-based diamond manufacturer, reported that group sales fell 22 percent to $28.6 million (INR 1.3 billion) in the third quarter that ended December 31, 2010. Sales of cut and polished diamonds fell 35 percent to $14.5 million (INR 658.3 million) while jewelry sales decreased...
Polished Markets Feb 17, 2011 Deena Taylor
56ct Heart Shaped Diamond Christie's
Christie's to Auction 56ct Heart Shaped Diamond in Geneva
Christie's is set to auction an unmounted 56.15 carat heart-shaped D color, internally flawless diamond at its upcoming Magnificent Jewels sale in Geneva in May. The stone is expected to fetch between $9 million and $12 million at the auction. “The...
Polished Markets Feb 15, 2011 Deena Taylor
Lucara Diamond
Lucara Raises $60M to Develop AK6 and Mothae
Lucara Diamond Corporation raised $60 million through a private placement, the company reported. Proceeds from the placement will be used towards the development of the AK6 diamond mine in Botswana and Lucara's Mothae mine...
Mining Feb 15, 2011 Deena Taylor
Marange Rough
Zimbabwe Drops Charges Against Some ZMDC Officials
Zimbabwe has withdrawn charges against three of five directors from the Zimbabwe Mining Development Corporation (ZMDC), who were accused of fraudulently facilitating diamond property acquisitions in Zimbabwe, The Sunday Times reported. The state...
Financial-Legal Feb 13, 2011 Deena Talyor
Former De  Beers CEO Gareth Penny
Penny Joins Investment Firm as Senior Adviser
Gareth Penny, former De Beers executive, joined private equity firm TowerBrook Capital Partners as a senior adviser. Penny will be responsible for helping the company explore and develop investment opportunities across the global mining...
Marketing Feb 10, 2011 Deena Taylor
ENDIAMA Eyes Diamond Production Increase in 2011
Angola’s state-owned diamond mining company, ENDIAMA, expects to increase production to nine million carats in 2011, the company said. Endiama's output in 2010 reached 8.5 million carats with revenue from diamond sales totaling $955...
Mining Feb 10, 2011 Deena Taylor
Firestone to Resume Production at Liqhobong Mine
Firestone Diamonds will resume production ahead of schedule at its 75 percent owned Liqhobong mine in Lesotho this month, the company reported. Firestone raised $21 million (GBP 13 million) through an equity placing in December 2010, which...
Mining Feb 09, 2011 Deena Taylor
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