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GIA Showcasing New Technology, Service At IIJS

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The Gemological Institute of America (GIA) will be showcasing its new instrument to identify mounted and loose natural diamonds, a new service that tells the digital story of a diamond, and another new service to address industry concerns about the possibility of synthetic or treated diamonds being mixed into parcels of melee at its booth […]

DPA To Launch Generic Diamond Promotion Campaign For India On July 26

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The Diamond Producers Association (DPA) will officially launch its generic diamond promotion campaign for India on July 26. The campaign will be unveiled at a business-to-business fashion showcase event titled Prelude to IIJS 2017 that the DPA and the Gem & Jewellery Export Promotion Council (GJEPC) are hosting together, a day before the start of […]

Anglo American May Move HQ To Iconic Charterhouse Street Premises

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Anglo American Plc, which owns 85 percent of De Beers, is planning to redevelop the iconic Charterhouse Street premises that served as the De Beers head office and was the location where its clients received their Sights for the better part of the 20th century as its own headquarters, reports Bloomberg. The report, which quotes […]

WDM Adds High Street Jewellers To Authorised Diamond Dealer Ranks

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The World Diamond Mark Foundation (WDM) announced that a group of upper end retail jewellers from Belgium, Canada, Italy and Russia have now been designated World Diamond Mark ‘Authorised Diamond Dealers’. “We are honoured and very pleased to welcome these exclusive high street jewellers in the ranks of our World Diamond Mark Authorised Diamond Dealers,” […]

ALROSA Reports $2.2B Profit For 2016, Pays $1.12B In Dividends

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Russian state-controlled diamond miner ALROSA reported a net profit of RUB 131.4 billion ($2.2 billion) for 2016. Half of this, or RUB 65.77 billion ($1.12 billion) is being paid out as dividend to its shareholders, which include the Russian government and local governments in the Yakutia region. A 10.9 percent stake in the company was […]

Pallinghurst Nears Gemfields Takeover As Board Bows To Inevitable

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A day after Pallinghurst shareholders who also hold stakes in Gemfields voted in favour of selling their stakes in the latter to the former, the Gemfields board bowed to the inevitable and recommended that shareholders seriously consider the Pallinghurst buyout offer. The vote by shareholders to sell their stakes to Pallinghurst, nullified a rival buyout […]

Richland Appoints First ‘Sightholders’ For Capricorn Sapphire Mine

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With its Capricorn sapphire mine in Queensland, Australia, now operational, Richland Resources Ltd. says it has appointed its first two “Sightholders” — Royal Touch LLC and China StoneCo. Ltd. Royal Touch LLC has had a long and successful working relationship with Richland and was previously a Sightholder for Richland’s tanzanite mining operations in Tanzania. It […]

Mountain Province Achieves Best Prices To Date At Gahcho Kué Tender

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Mountain Province Diamonds, the 49 percent partner with De Beers in the Gahcho Kué diamond mine located in Canada’s Northwest Territories, reported earnings of $21.1 million from its recently concluded fifth sale of 2017. An overall average of $95 per carat was achieved at the sale, but Mountain Provinces said that the sale of selected […]

Gitanjali Offers Branded Jewellery In Reliance Retail Lifestyle Stores

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The Gitanjali Group, which owns a raft of Indian and global brands and boasts thousands of retail points of sale in India and around the world, has entered into a partnership with Reliance Retail, part of the giant Reliance industrial group, to sell branded jewellery at the newly-launched Project Eve retail initiative. Project Eve is […]

Rio Tinto Signs Option On New Canadian Diamond Project

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Rio Tinto has signed an option agreement with Shore Gold Inc. giving it three years to spend $18.5 million on drilling and bulk sampling at the latter’s Star-Orion South Diamond Project, 60 kilometres east of Prince Albert in Canada’s Saskatchewan region. The agreement allows Rio Tinto to move to becoming a joint-venture partner once the […]

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