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Okavango Revenue Falls in First Half
Sales at Okavango Diamond Company (ODC) dropped 16% to $260 millionin the first half of 2018 due to a limited supply of rough, Reuters reported. Sales volume declined 1.7% to 1.8 million carats, theBotswana-based trading company added...
Rough Markets Aug 21, 2018 Rapaport News
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
Diamond Names to Get DEF Awards
DEF Reveals Diamonds Do Good Honorees
The Diamond Empowerment Fund (DEF) will honor De Beers CEOBruce Cleaver, as well as Rolex and a Canadian regional government, at itsDiamonds Do Good awards event in Las Vegas in May. Cleaver, who has headed De Beers since July...
Mining Jan 17, 2018 Rapaport News
Northwest Territories Expands Training Program for Mining Opportunities
The Surface Miner Training Program Development project in Canada will enable the Northwest Territories Mine Training Society and Aurora College to launch a new training program this summer that is geared toward preparing the...
Mining May 01, 2015 Jeff Miller
Diamond Sector to Gain From India's Foreign Trade Policy
The Union Minister of State for the Ministry of Commerce and Industry of India unveiled the Foreign Trade Policy (FTP) that will be in effect for the next five year term, 2015 to 2020. Diamond industry...
Manufacturing Apr 07, 2015 Zainab Morbiwala
zim sm
Marange Diamond Tender in Antwerp Achieves $11M
Press Release: Over the past week, Antwerp hosted a diamond tender offering rough diamonds from five different diamond-producing companies from the Marange area of Zimbabwe, commissioned by its government and facilitated by First Element,...
Rough Markets Dec 20, 2013 Zimbabwe
Mehul Choksi
Choksi Weighs India's Policy Impact on Gold Imports
Press Release: Mehul Choksi, the chairman and managing director of the Gitanjali Group, issued a statement on the “Impact of Recent Policy Changes related to Gold Imports” in India.The recent series of guidelines issued by the RBI has...
Financial-Legal Jun 25, 2013 Gitanjali
All India Gems Federation Recommends Measures to Govt.
Press Release: The All India Gems and Jewellery Federation recommended several measures to assist India's government on the current account deficit (CAD). The gems and jewelry industry stands by the government and recommends...
Financial-Legal Jun 21, 2013 GJF
diamond prices
Click to play
Watch Martin Rapaport in 'State of the Diamond Industry' Presentation
The following video presentation of Martin Rapaport, the chairman of the Rapaport Group of Companies, lays out the state of the diamond industry along with global economic trends and issues affecting demand. In addition, Farai...
Polished Markets Jun 20, 2012 Rapaport News
Harry Winston Store
U.S. Jewelry Store Sales +3% in October
U.S. jewelry store sales during the month of October, which is the most recent reporting period for this niche sector, rose 3 percent to $2.026 billion, according to government figures. Jewelry sales data lags one...
Research Dec 13, 2011 Jeff Miller
Russia Debates Selling Diamond Stockpile
The Russian State Treasury may sell some of its diamond stock on the open market so that rough prices won't go up due to speculative demand and the shortage of rough. The two issues were debated during the 34th World Diamond Congress in Moscow. “The government of Russia decided...
Rough Markets Jul 12, 2010 Anastasia Serdyukova
Firestone Commences Production at BK11
Firestone Diamonds commenced phase-one production at its BK11 kimberlite property in Botswana through its subsidiary, Monak Venture. The mining company has 20 such properties in the Orapa area, 13 of which are proven to be diamondiferous, with BK16 identified as the most advanced, according to Firestone. The evaluation of satellite kimberlites...
Mining Jul 12, 2010 Jeff Miller
Namdeb, Workers Reach Wage Agreement
A mass strike at Namdeb has been averted following a wage agreement between the diamond mining company and the Mineworkers Union of Namibia (MUN).MUN, which represents 1,132 of the company’s 1,600 workers, gave Namdeb 48 hours notice of its intention to strike, as required by law, last week. However, Deputy...
Financial-Legal Jul 12, 2010 Deena Taylor
Amnesty Intl. Calls for Maguwu's Immediate Release
Press Release: Amnesty International today called upon the government of Zimbabwe to release an activist, Farai Maguwu, who was detained after he exposed human rights violations in the country's Marange diamond fields. The organization said it considers Maguwu a prisoner of conscience who is being persecuted for documenting abuses...
Fair Trade Jul 06, 2010 Amnesty International
Rapaport Weekly Market Report 07/02/2010
Between the LinesShow Time: Prices in Hong Kong Rise, But Not to the Level of Cutting CentersThere were mixed reports from the June Hong Kong Jewellery & Gem Fair 2010, with the overall feeling being that sales there improved against last year. Buying...
Research Jul 02, 2010 Avi Krawitz
Zimbabwe's Cabinet Did Not Approve Sale of Rough Diamonds From Marange
Zimbabwe mines minister Obert Mpofu told his nation's Cabinet this week that the country was cleared for selling and exporting rough diamonds from the Marange fields. Mpofu told the press corps that the Cabinet had approved the immediate sale of rough...
Fair Trade Jul 02, 2010 Jeff Miller
Market Comments 7/1/2010
Trading centers stable. Buyers at June Hong Kong show edge up on prices but still resist high seller asking prices. Zimbabwe cabinet approves illegal Marange rough sales with KP certificates and government agency says it already sold $23m worth in 2010. Botswana approves rough tenders from...
Polished Markets Jul 01, 2010
Rapaport TradeWire July 2, 2010
RAPAPORT NEWS SERVICE | JULY 2, 2010 www.rapaport.com | news@rapaport.com
Mining Jul 01, 2010 Rapaport
Just Say No
When former First Lady Nancy Reagan embarked on a campaign to fight the war on drugs, rather than legalize the use of harmful substances, she championed a drive to resist their temptations that would span decades. In the past few weeks, proponents of legitimizing Zimbabwe’s Marange diamonds have argued...
Fair Trade Jul 01, 2010 Avi Krawitz
The possibility of ALROSA going public is in the headlines again as the company’s management works through the process of changing from a closed joint-stock company (CJSC) to an open one. “The first step is just to transfer ALROSA into an OJSC [Open Joint-Stock Company] without issuing additional shares; the second...
Rough Markets Jul 01, 2010 Anastasia Serdyukova
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