Angola’s government-owned diamond trading company Sodiam has said that it will halt acceptance of any new proposals for the purchase of rough diamonds as the current demand that the company has received is far in excess of the available supply, according to media reports. Stating that it has concluded purchase and sale contracts covering expected […]

The post Demand for Angolan Diamonds Exceeds Supply Says Sodiam; Govt Invites Tenders for New Mining Concessions appeared first on The Jewelry Magazine.

Sales of rough diamonds at De Beers sixth sales cycle of 2019 declined drastically to US$ 250 million as Sightholders were allowed additional flexibility to defer some of their rough diamond allocations to later in the year on account of higher than normal midstream inventories. The sales figures, which include both Global Sightholder Sales and […]

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GCal Laboratories will be showcasing $3,5 million worth of Nirav Modi’s jewelry retail chain collections. Among the to be auctioned collections of the fugituve, bankrupt diamantaire are platinum and 18-karat gold collection suites such as Embrace, Luminance, Mughal, Lotus, Celestial and Jasmine. The Embrace Collection (expandable) includes bracelets, wedding bands, and necklaces. In the past, […]

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ALROSA, a global leader in diamond mining, held an auction in Vladivostok for special size rough diamonds (over 10.8 carats). The overall revenue amounted to $9.1 mln. The company sold 125 rough diamonds with total weight of 2,090 carats; 24 firms from the largest centers of diamond trade were recognized as winners in different auction […]

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This Spring, Sotheby’s Magnificent Jewels and Jadeite auction in Hong Kong promises to deliver “a wealth of color and design through rare gems and intricately crafted jewels.” The auction house will feature signed pieces by legendary maisons, such as an exquisite emerald and diamond necklace by Van Cleef & Arpels, alongside a specially curated collection […]

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Neil Ventura, currently Executive Vice-President, Auction Sales at De Beers Group — and poised to become Executive Vice-President, Strategy and Innovation in February 2018 — in a signed article on the Group’s website, referred to at least two changes in the offing on the Auction Sales front. “If a business wishes to remain relevant, successful […]

The post Variety Through Third Party Purchases and Greater Digitalisation to Mark De Beers’ Auction Sales appeared first on The Jewelry Magazine.