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Rough diamonds
Rough Slowdown Weighs on Asian Star
Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
Manufacturing Nov 18, 2019 Joshua Freedman
Synova machine
Synova Launches Automated Cutter
A technology provider part-owned by De Beers has unveiled anautomated cutting machine that, it claims, will significantly speed up diamondmanufacturing and reduce costs. Synova’s DaVinci system is the market’s first automated instrument that can produce all...
Manufacturing Sep 26, 2019 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
Tiffany & Co 150
Tiffany to Close Antwerp Polishing Facility
Tiffany & Co.’s manufacturing unit, Laurelton Diamonds,plans to shut its polishing center in Antwerp, shifting the operations to its otherworkshops in Botswana, Cambodia, Mauritius and Vietnam. Laurelton will continue to carry out rough sourcing,sorting, marking...
Manufacturing Mar 15, 2018 Joshua Freedman
Cutting Wheel
Diamond Midstream Improving Efficiency, Says Bain
Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
Manufacturing Dec 13, 2017 Rapaport News
Alrosa Mir mine
Alrosa Moving to Annual Rough Allocations
Alrosa will start assessing its clients’rough-diamond needs annually rather than every three years, beginning in its next contract period — a move that will give the Russianminer more opportunity to match supply with demand.At...
Mining Nov 06, 2017 Rapaport News
Constellation Diamond
Dubai Factory to Cut 813ct. Constellation
Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond. Almas Diamond Services set up the factory with an investment of $1.8...
Manufacturing Oct 19, 2017 Avi Krawitz
Almod Diamonds
Almod Diamonds to Open Canada Cutting Factory
New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting andpolishing facility in Canada’s Northwest Territories next year.Almod, an affiliate of retailer Diamonds International, saidit will set up a factory...
Manufacturing Dec 21, 2016 Rapaport News
Lesedi La Rona
Lesedi La Rona Poised For 1H Sale
Lucara Diamond Corp. plans to sell the 1,109-carat Lesedi LaRona in the first half of next year, after the rough diamond failed to find a buyer at a Sotheby’s auction in June.The stone, which is the second largest rough...
Mining Dec 18, 2016 Rapaport News
Kiran Gems
Kiran Gems Expands With New Surat Factory
Kiran Gems openeda new factory in Surat in response to the company’s growth and increaseddemand.The 200,000 square-foot facility has capacity for 10,000diamond cutters. It offers advanced planning and cutting technology for allkinds of rough diamonds,...
Manufacturing Aug 07, 2016 Rapaport News
Shrenuj
Shrenuj's Revenue and Profit Slump in 4Q
Shrenuj & Co., a Mumbai-based diamond and jewelry manufacturer, reported that sales slumped 47 percent year on year to $156 million (INR 9.97 billion) during its fiscal fourth quarter that ended March 31. Group...
Polished Markets May 29, 2015 Ronen Shnidman
Israel Diamond Exchange
Press Release: Israel Takes Steps to Revive Diamond Manufacturing
Press Release: An advanced “one-stop-shop” for diamond manufacturing, recently opened near the Israel diamond complex in Ramat Gan, is the first step in an ambitious plan by Israeli diamond leaders to bring back a large part of the offshore...
Manufacturing Mar 25, 2015 IDE
India Arch
Gem & Jewellery Skill Council of India Begins Certification Program
Nearly 20,000 skilled artisans from Surat are preparing to take written and theoretical exams in pursuit of a new professional certificate that was developed by the Gems & Jewellery Skill Council of India (GJSCI) and the...
Research Feb 11, 2015 Zainab Morbiwala
Diamond Under Microscrope
Diamond Cutters Approaching Era of Disruption
Diamond manufacturers are entering an era of fierce competition as the looming decline in rough diamond supply is expected to place additional pressure on their already razor-thin profit margins. “A manufacturer always operates with a benchmark margin, which is the...
Manufacturing Dec 14, 2014 Ronen Shnidman
Belgium
WTOCD Grants Coborn a License for New Polishing Machine
Press Release: After several positive polishing tests made on industrial super hard materials (PCD, CVD, MCD and pcBN), Coborn Engineering Ltd. decided to acquire a license for WTOCDs’ patented grain independent polishing technology.That...
Technology Oct 20, 2014 WTOCD
Cutting Wheel
Saurashtra Polishing Activity Increases as Workforce Shifts
While Surat is the global hub for polished diamonds, much of the work depends upon skilled migrant workers but they are preferring to remain in their hometowns. Given this, polishing work is beginning to shift to units...
Manufacturing Jul 31, 2014 Zainab Morbiwala
China luxury Shoppers
Sino-Africa Diamond Secures Credit Line Agreement for $330M
Press Release: Wang Ning (David Wang), the chairman of Shenzhen Sino-Africa Diamond Co. Ltd. and Dai Huiming, the vice president of China Construction Bank Shenzhen Branch signed a strategic cooperation agreement on November 26,...
Financial-Legal Nov 26, 2013 Sino-Africa Diamond
Sarin
Dharmanandan Diamonds Deploys 10 Galaxy / Solaris Systems
Press Release: Singapore Exchange Mainboard-listed Sarin Technologies Ltd. announced that Dharmanandan Diamonds Pvt. Ltd., in order to meet its growing needs for internal scanning technology acquired additional Galaxy/Solaris systems, thus becoming our...
Technology Oct 14, 2013 Sarin
The Kingswood Co. Announces Three Years of Double-Digit Growth Rates
Press Release: The Kingswood Company, the industry’s leading supplier of private-label fine jewelry care products, has announced that in 2012 the company saw a third straight year of average annual growth of 20 percent. Kingswood opened over 100 new accounts during the year, accounting for more...
Marketing Apr 26, 2013 Kingswood Co.
Antwerp Beurs Voor Diamanthandel
Antwerp Organizes a Polishing Course for September
Antwerp has organized a free diamond polishing course in September to meet increased skill demand. Many of the current polishers are nearing retirement age and over the next two years there will be 55 vacancies, which...
Technology Jun 13, 2012 Jeff Miller
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