Diamond News Archives
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(IDEX Online) - Lucara has recovered yet another huge diamond from its Karowe mine, in Botswana.
The 998-carat high white clivage diamond (pictured) is reckoned to be the fourth largest stone found in the country.
It follows several remarkable finds. In February the same mine yielded the 549-carat Sethunya diamond. In April 2019 the 1,758-carat Sewelo was recovered. And in 2015 the mine announced the discovery of the 1,109-carat Lesedi La Rona.
So far this year Karowe has produced 31 diamonds greater than 100 carats, including 10 over 200 carats.
Manufacturer HB Antwerp will cut the stone as part of a partnership with Lucara covering all diamonds over 10.8 carats.
"To recover two +500 carat diamonds in 10 months (a reference to 549-carat Sethunya diamond) along with the many other high quality diamonds across all the size ranges is a testament to the unique aspect of the resource at Karowe and the mine's ability to recover these large and rare diamonds," said Eira Thomas, CEO of Canada-based Lucara.
The diamond, measuring 67x49x45mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe at Karowe....
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American specialty jewelers' revenues have been hard-hit this year by mandated store closings due to Covid-19. As a result, producers, suppliers, and retail jewelry merchants have faced greater-than-normal uncertainties about the market.
In an effort to provide the diamond and jewelry industry with benchmarks to measure sales levels over the past several months, IDEX Research has summarized the results of the major publicly-held jewelers with distribution in the U.S. market.
There are three specialty jewelers who provide reliable, consistent data about their performance in the American market, and who also have significant retail market share. Those three publicly-held jewelers with retail outlets - Signet, Tiffany, and Movado - generate almost a quarter of the total specialty jewelers' retail sales in America. We believe their results could be viewed as a proxy for the $32 billion U.S. specialty jewelry sector.
IDEX Online subscribers please click here [1]to read the full report....
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(IDEX Online) - Alrosa's recovery continued last month with total sales of $310m even though it effectively canceled its trading session.
That was 17 per cent up on the same month last year. In September the Russian miner reported totals sales of $336m, up 23 per cent year-on-year and in August it sold $216m, up 16 per cent on the same month in 2019.
It canceled the October trading session to avoid over-supplying the market. The sales figures comprises part of September's trading session and auctions held during October.
"In October, demand for rough and polished diamonds continued its gradual recovery, a trend seen since August, as cutters and jewelry retailers replenished their stock of end products and raw materials before the festive season," said deputy CEO Evgeny Agureev.
Alrosa rolled its October and November trading sessions into one as part of what it calls a "rhythmical" offering of goods. It said the sales were no longer inextricably tied to specific calendar months.
Dismal performances from April to July will severely dent annual sales at Alrosa. The 2019 total was $3.34bn. So far during 2020 it has sold $1.89bn.
Pic courtesy Alrosa...