Diamond News Archives

“The presidency of Joe Biden started with expectations for a new stimulus and with a new rally for the bullion price,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades.

(IDEX Online) - Namakwa Diamonds is to sell another exceptional fancy pink diamond recovered from its Kao mine, in Lesotho.

The 25.97-ct rough stone (pictured), named Pink Dawn, comes from the same geological domain as  several other significant fancy-color stones - the 36.06-ct Pink Storm (sold in 2014) the 3.06-ct  Purple Princess (2017) and the 29.59-ct Rose of Kao (2018).

 

The Pink Dawn, recovered last October, will be shown and tendered in Antwerp with Bonas Group during Kao's first sale of the year. The closing date for online bids is 4 February.

Namakwa owns and operates the Kao mine through its subsidiary, Storm Mountain Diamonds (SMD).

The kimberlite pipe at Kao is the largest in Lesotho and the fourth largest in Southern Africa. SMD is jointly owned by Namakwa Diamonds Limited and the Lesotho Government.         
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Part of the inflow into gold came from funds exiting bitcoin as the cryptocurrency space shuddered again at the thought of regulation — something Biden’s Treasury Secretary pick, Janet Yellen, invoked during the Senate hearing held on Tuesday to confirm her nomination.

(IDEX  Online) - Exports of polished diamonds from India surged last month, up almost 40 per cent year-on-year, as recovery from the pandemic continued.

Foreign sales for December 2020 totaled $1.74bn, up from $1.25bn, according to the Gems and Jewellery Export Promotion Council.

 It's the first month since Covid hit that the industry has outperformed the same month last year.

At its low point in May 2020, polished diamond exports slumped to just $80m as Surat ground to a virtual halt because of lockdown restrictions, but factories are now operating again at virtually full capacity.

Gross export of all gems and jewelry rose more modestly by comparison, up six per cent form $2.35bn to $2.5bn.

 

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