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Angola’s diamond industry makeover underway

The Angolan government aired out plans of refurbishing the diamond sector as being in progress. Speaking at a conference on the re-organising of oil and gas, Diamantino Azevedo Angolan Minister of Mineral Resources and Oil stated that the diamond sector will undergo similar changes to the oil sector. With the …

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Seal of approval for De Beers diamond verification instruments

De Beers Group Industry Services’ four diamond verification instruments (DVI) submitted for testing as part of Project ASSURE have received outstanding results. Project ASSURE is a joint collaboration between the Diamond Producers Association (DPA) and Signet Jewelers, with input provided by other participants in the diamond industry and gemmological laboratories, …

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Liqhobong Mine recovers 70 carat white diamond

Junior diamond miner Firestone Diamond has recovered a 70 carat white, makeable diamond from its Liqhobong Mine in Lesotho. The development follows after a 46 carat gem diamond that was recovered in December, sold for more than US$1 million at a recently held sale. Meanwhile the 70 carat diamond was …

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De Beers’ diamonds prospects remains positive

International diamond group De Beers remains optimistic about its rough diamonds sales, as the year comes to an end. “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. …

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Rough diamonds production soar

De Beers has announced that rough diamond production for the second quarter of the year, increased three per cent to 9.0 million carats, reflecting production increases to meet stronger demand as well as the contribution from the ramp-up at Gahcho Kué. In Botswana, the group’s company Debswana’s production increased six …

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Rough diamond sales increase

Interim figures for De Beers rough diamond sales for cycle four of 2018 showed an increase of US$550 million (N$7 billion). The figures are from Global sightholder sales and auction sales show that the sales value for the third cycle of 2018 stood at US$524 million (N$6,62 billion), slightly lower …

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Signet Jewelers join pilot blockchain platform, Tracr

Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join its pilot programme TracrTM, the end-to-end diamond blockchain being developed by De Beers Group in collaboration with the diamond industry. The company joins the growing list of industry leaders trialing the platform during its …

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1000th Forevermark store opens in China

De Beers Group’s diamond brand Forevermark has launched Libert’aimeTM , a new flagship store at HKRI Taikoo Hui in Shanghai, China. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country. Created to celebrate the spirit of a new generation …

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Consumer diamond jewelry demand hits new high

International diamond miner De Beers has reported that Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82 billion, a two percent increase on the previous year. According to industry insight data published from De Beers Group the US was the main driver of …

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Production soars at De Beers’ mines

International diamond group De Beers has reported total production increased by 15 percent to 8,5 million carats during the first quarter of this year. This rise in output was largely credited to the ramp-up in production at the Gahcho Kué project in Canada, and greater production at the Orapa operation …

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