martes, 23 de octubre de 2018

Diamond market warming to lab-made gems

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Diamond News Digest
Wednesday 24 October 2018
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The centuries-old diamond industry is getting shaken up by small producers and industry giants alike.

De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.

The world's top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.

The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.

Mountain Province Diamonds is a 49% participant with De Beers in the Gahcho Kué diamond mine.

Decision comes after the companies received Wednesday a preliminary geological assessment of the property, which shows Heritage contains several targets for modern alluvial diamond placer deposits.

Researchers from Curtin University discovered reidite, one of the rarest minerals on Earth buried deep within an ancient meteorite crater in Western Australia.

The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they're then free to move around the region.

Anglo American unit De Beers is going after lucrative as it aims to expand its lab-grown diamond business beyond drilling and cutting.

Several major Russian companies are exploring ways to do deals abroad without using dollars.

The miner said it would take legal actions to force the central bank to give it US dollars for part of its gold output.

It is the largest yellow rough diamond mined at ALROSA's deposits this year.

For sale,166 gem-quality rough diamonds with a total weight of 2,607 carats.

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