National Jeweler Network

Supply

04/21/14

Lazare Kaplan anticipates 9 percent drop in sales

Diamond supplier Lazare Kaplan International Inc., which remains unable to file complete financial statements, estimates that its third quarter sales fell 9 percent year-over-year.

04/14/14

Alrosa inks agreement with GJEPC

State-owned Russian diamond mining company Alrosa has signed an agreement with India’s Gem & Jewellery Export Promotion Council to share trade and statistical data on the diamond trade. 

04/04/14

Shareholders seek to oust Scio board

A recent filing with the Securities and Exchange Commission reveals that a number of shareholders of Greenville, S.C.-based Scio want to replace the board because the lab-grown diamond company isn’t making any money. 

04/01/14

De Beers releases names of new sightholders

De Beers has named the five companies it has added as sightholders for the remainder of the 2012-2015 contract period. 

03/25/14

Forevermark expands quality operations to India

De Beers’ diamond brand Forevermark is opening a second Diamond Institute in India next year in anticipation of the growth it is expecting to see in the coming years, the company announced Thursday. 

03/19/14

De Beers adds another 5 sightholders

 De Beers said Tuesday it is adding five more companies to its list of sightholders for the current contract period but won’t be releasing their names until early next month, when they are “formally appointed to the list.”

03/13/14

In Russia, AWDC strengthens ties with Alrosa

Leaders from Antwerp and Russia inked an agreement in Moscow Wednesday that deepens the partnership between the Antwerp World Diamond Centre and diamond miner Alrosa. 

03/12/14

Arkansas diamond park yields large white

The Crater of Diamonds State Park in Arkansas continues to be a source of relatively large rough finds for visitors, including this 2.89-carat white diamond dubbed the “Jax Diamond,” which was unearthed by Brandon Kalenda last week. 

03/10/14

70-carat white among stones in Rio Tinto tender

A 70-carat rough white diamond from the Diavik mine in Canada is among the lots that will be offered at Rio Tinto’s first tender of the year, which will take place in Israel and Antwerp.

03/07/14

Ivory Coast to ‘demand’ UN lift diamond ban

After being deemed compliant by the Kimberley Process in November, the Ivory Coast will urge the United Nations to lift its embargo on the nation’s diamond exports at a meeting scheduled for next month, Reuters reported.

03/05/14

Large rough stones net $13M for Gem Diamonds

The 162.02-carat and 161.31-carat diamonds recovered by Gem Diamonds Ltd. in January sold for a total of $13.5 million at the miner’s February tender.

02/28/14

Hari Krishna’s Kisna diamond jewelry wins award

The All India Gems & Jewellery Trade Federation awarded Hari Krishna Exports’ diamond jewelry brand Kisna with its 2014 Paramparik (Traditional) Jewelry of the Year Award for the west. 

02/25/14

Fugitive in diamond investment scam dies at 57

A man wanted by federal authorities in Las Vegas in connection with an alleged diamond mining company stock scam that bilked investors out of millions has died in Canada, authorities have confirmed.

02/24/14

GIA temporarily suspends rush services to relocate

The Gemological Institute of America’s New York Laboratory announced recently that it is suspending two of its services next month as the organization prepares to relocate from its current offices to the International Gem Tower.

02/14/14

Rio Tinto’s diamond revenue up 15 percent

Rio Tinto reported Thursday that revenues from its diamond mining and sales unit increased 15 percent year-over-year, from $741 million in 2012 to $852 million in 2013. 

02/14/14

De Beers: Diamond demand to rise slightly in ’14

Global demand for diamonds will increase slightly in 2014, fueled by a desire for polished diamonds in the United States and China, De Beers said when releasing it annual results Friday.

02/13/14

Gem Diamonds unearths two 160 carat-plus stones

The Letšeng mine in the Kingdom of Lesotho has yielded a pair of rough diamonds weighing 162.06 and 161.74 carats, Gem Diamonds Ltd. announced Thursday.

02/11/14

Israel names diamond co. as outstanding exporter

Andre Messika Diamonds was one of 10 companies to receive Israel’s “Outstanding Exporter” award at a ceremony held Feb. 4 at Israel President Shimon Peres’ residence. 

02/10/14

Antwerp hosting second sale of Zimbabwe diamonds

This week, Antwerp will host another run-of-mine tender of diamonds from Zimbabwe’s Marange region that will be “substantially bigger” than the first held in December, the Antwerp World Diamond Centre announced.

02/03/14

Malca-Amit creates the ‘Gaborone Express’

Following the relocation of De Beers’ sales operations to Gaborone, Botswana, Malca-Amit announced it is now offering jet shuttle service between Johannesburg and the Botswana capital.  

01/30/14

De Beers’ Q4, full-year production rise

De Beers’ parent company Anglo American PLC reported Wednesday that diamond production increased by 13 percent to 9.1 million carats in the fourth quarter while full-year production was up 12 percent to 31.2 million carats.  

01/30/14

Alrosa’s 2014 forecast is ‘moderately optimistic’

Russian mining company Alrosa experienced an increase in both sales and production in 2013 and said it is “moderately optimistic” about the year ahead. 

01/29/14

95-carat, Type IIa diamond found in Angola

Mining company Lucapa has unearthed a 95.45-carat diamond from its Lulo Diamond Concession in western Angola, the second-largest stone recovered to date at the alluvial deposit.

01/28/14

US remains top market for Antwerp, Israel

The United States is still the No. 1 market for polished diamonds from both Antwerp and Israel, with both industry hubs reporting an increase in their respective diamond trades in 2013.

01/28/14

Leo Schachter remains Israel’s No. 1 diamond exporter

For the third year in a row, Leo Schachter Diamonds tops the list of Israel’s polished diamond exporters, figures published recently by the Israel Diamond Controller’s Office show.

01/21/14

Nearly 30-carat blue diamond found in S. Africa

Mining company Petra Diamonds Ltd. announced Tuesday that it has recovered a 29.6-carat rough blue diamond from the famed Cullinan mine in South Africa. 

01/17/14

Trau Bros. acquiring Lazare Kaplan Botswana

Belgian diamond company the Trau Bros. NV is taking 100 percent control of New York diamond company Lazare Kaplan’s operations in Botswana. 

01/17/14

Indian jewelers select brand of the year

Indian Jeweller magazine awarded Kisna Diamond Jewellery, the flagship brand of Hari Krishna Exports, as the jewelry brand of the year in its Jewellers Choice Design Awards. 

01/07/14

Diamond park compiles 2013 stats

Visitors uncovered a total of 453 diamonds at the Crater of Diamonds State Park in Arkansas last year, down from the 530 found in 2012, according to Park Interpreter Margi Jenks.

01/06/14

Israel Diamond Exchange aids handicapped children

The Israel Diamond Exchange (IDE) recently held a fundraising drive for ILAN, the Israel Foundation for Handicapped Children, an organization that helps thousands of physically handicapped children and adults across the country.

01/03/14

Eloquence’s Jason Segal dies at 76

Longtime diamond salesman Jason Segal died on Dec. 24 of lymphoma. He was 76 years old.

12/27/13

KP vice chair continues support of artisanal mining

The Government of Angola, the current vice chair of the Kimberley Process (KP), has renewed its financial support of the Diamond Development Initiative (DDI), the Ottawa-based nonprofit that is working to formalize the artisanal diamond mining sector.

12/11/13

Manufacturer AV Diamonds teams up with sightholder

Manufacturer and diamond wholesaler A.V. Diamonds announced that it now has a partnership with HVK International Private Ltd., a sightholder with both De Beers and Russian diamond miner Alrosa.

12/10/13

Dates set for tender of Marange diamonds

The first tender of rough diamonds from the Marange region of Zimbabwe in Antwerp will take place this week, Botswana-based diamond company First Element (Pty.) Ltd. announced.

12/05/13

Colored diamond butterfly on display at LA museum

A private collection of fancy color diamonds arranged in the shape of a butterfly is on display at the Natural History Museum of Los Angeles County (NHM).

12/04/13

Rockwell recovers 200-carat-plus piece of rough

Rockwell Diamonds Inc., which mines alluvial deposits in South Africa, has unearthed a 287-carat rough diamond from its operations in the Middle Orange River region.

11/27/13

Tender of large rough nets Lucara $23M

 Mining company Lucara Diamond Corp.’s latest exceptional stone tender brought in $22.9 million for the company, or $20,280 per carat.

11/12/13

De Beers holds first sight in Botswana

This week marks De Beers’ inaugural sight in Gaborone following the relocation of its sales activities from London to Botswana, a move that has been two years in the making.

11/12/13

Rio Tinto marketing diamond fashion pieces in China

In an effort to tap into the growing demand for diamond fashion jewelry in China, mining company Rio Tinto has launched a new diamond marketing initiative called “The Fashion of Diamonds” there.

11/11/13

Book on Canadian diamonds, diamond industry

A new book has been published that explains why Canadian diamonds are one of the most important discoveries of the last century and showcases how diamond firms are working to tag these ethically mined gems to regulate distribution. 

10/31/13

Varda Shine leaving De Beers

After 30 years with the company, Varda Shine is leaving her post as the global head of sightholder sales for the De Beers Group of Companies at the end of January to “explore other opportunities,” De Beers announced Thursday. 

10/30/13

US investors buy up Alrosa IPO shares

Russian mining company Alrosa, which seeks to overtake De Beers as the world’s largest diamond miner by value, launched its initial public offering this week, with reports indicating that U.S. investors snagged 60 percent of the shares sold.
 

10/28/13

Gemesis introduces lab-grown pinks

Lab-grown diamond e-tailer Gemesis is now selling pink diamonds, available in “blush” and “brilliant” shades.

10/24/13

SRK Exports celebrates five decades

Indian diamond manufacturing company Shree Ramkrishna Exports Pvt. Ltd. (SRK) is marking its 50th anniversary this year and recently was recognized by India’s Gems and Jewellery Export Promotion Council (GJEPC).

10/24/13

New projects improve diamond supply outlook

Amid industry concerns about the dwindling supply of diamonds, a number of announcements surfaced this week regarding new projects that will open up additional sources for mining the stones. 

10/23/13

Israeli Diamond Week slated for November in NY

More than 100 diamond companies from the Israel Diamond Exchange (IDE) will attend Israel Diamond Week (IDW), scheduled for Nov. 11 to 14 in New York.

10/22/13

De Beers’ Q3 production rises 21 percent

 De Beers parent company Anglo American announced that the full restoration of operations at one of its mines led to a 21 percent increase in production in volume terms for De Beers.