Diamond News Archives

(IDEX Online) – Lucapa Diamond Company Limited has recovered a gem-quality, 46-carat pink diamond from the Lulo diamond project in Angola.

The diamond is the largest gem-quality colored recovered to date from the Lulo mining operations, eclipsing the 43-carat yellow gem recovered in January 2018 and the 39-carat pink recovered in September 2016.
 
Significantly, the 46-carat pink, along with other large Specials, was recovered from new Mining Block 4, which is an area planned for resource delineation in 2018 to be included in the alluvial JORC resource update, Lucapa said. This Mining Block is located close to the treatment plant.
 
“The frequent recovery of large and premium-value diamonds from new areas along the Cacuilo River valley continues to illustrate the uniqueness and potential of the Lulo diamond concession. Lulo has already recovered 10 +100 carat diamonds to date, including Angola’s two biggest recorded white Type IIa gems, weighing 404 carats and 227 carats....

The DIVA Museum, an institution created with the idea of highlighting the story behind some of the world’s most beautiful diamonds, opened today in Antwerp, the capital city of the Flemish province of the same name located in northern Belgium.

Antwerp is known for being home to silversmiths, jewellers and diamond dealers since the sixteenth century, and this new 850 m²- museum tries to showcase how, throughout time, different techniques have been used in the area to work precious metals and gemstones. The museum’s exhibits are prepared in collaboration with researchers, universities and associated institutions.

DIVA’s website defines the place as “a vibrant, interactive knowledge centre where the creative industry finds the inspiration that will ensure that Antwerp retains its prominent position on the world map.”

The museum is divided in six rooms where visitors can see collections of curious objects such as diamond-encrusted boots, learn about the art of diamond-cutting, get interactive explanations about the ins and outs of international diamond trading including how diamonds have made their way to Antwerp for 550 years, or study diamond crimes and what is being done to tackle the problem.

The post Diamond museum opens in Belgium appeared first on MINING.com....

Gold was fairly steady overnight, trading either side of unchanged in a range of $1308.65 - $1314.45 and awaiting the release of the US Payroll Report this morning.

It traded up to its high during early Asian hours as it faded some early dollar weakness (DX to 92.36) which was pressured by some strength in the yen (109.24 – 108.92).

During European time, gold drifted lower as the dollar rebounded (DX to 92.62), boosted by a softer euro ($1.1996 - $1.1955, miss on Eurozone PMI’s).

A tick down in the US 10-year bond yield was supportive for gold while global equities were mixed. The NIKKEI was closed, the SCI slipped 0.3%, Eurozone shares ranged from -0.1% to +0.4%, and S&P futures were off 0.2%. News that US – China trade talks ended with no deals and no date set for further talks weighed on stocks, but was countered by news from Berkshire that they bought 75M shares of Apple in Q1.

Firmer oil prices were a tailwind for stocks with WTI up to $68.86 on continuing concerns US reinstating sanctions on Iran.

At 8:30 AM, the US Payroll Report was mixed. While Non-Farm Payrolls were less than expected (164k vs. exp. 192k), the last two months were revised up by 30k.

The Unemployment Rate ticked down (3.9% vs. exp. 4.0%, 18-year low), but Average Hourly Earnings were off a bit (0.15% vs. exp. 0.2%). Initially, the bond yield (2.911% - fresh 2-week low), S&P futures (-14 to 2614) and the DX (92.36) slipped sharply from the algorithms picking up the lower NFP.

Gold rallied in response, and took out its overnight high to reach $1315.35.

At 9AM, Eurozone Retail Sales were much lower than expected (0.1% vs. exp. 0.5%), and...

Please join Dr. Ron Paul and Chris Rossini as they discuss on how America’s monetary system was hijacked in 1913.

The U.S. Constitution wasn’t amended to bring about The Federal Reserve….it was just ignored. We use unconstitutional money every day. This “system” is the monetary system of Empire. It was constructed for that purpose. We’ll, anyone with even a passing knowledge of history knows what happens to Empires. There’s a crisis ahead, and you’d be correct to blame the Fed!...