[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/14/2018 06:49:00 PM

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"The acquisition of this huge high-quality white diamond again confirms the reputation of the Letseng mine as the world's most important source of large diamonds of exceptional quality," said Clifford Elphick, CEO of the company.
Gem Diamonds owns a 70 percent stake in the Letseng mine, which is known for discoveries of large exceptional white diamonds, and is a kimberlite diamond mine with the world's highest average carat cost per carat.
After the acquisition of Letsseng in 2006, Gem Diamonds produced four of the world's twenty largest diamonds of jewelry quality at the mine.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/14/2018 06:49:00 PM

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President of the International Diamond Manufacturers' Association (IDMA) Maxim Shkadov, world-famous Italian designer and jewelry manufacturer Roberto Coin, President of the Israeli Diamond Exchange (IDE) Shmuel Schnitzer and President of the Diamond Dealers Club of New York (DDC) Reuven Kaufman (Reuven Kaufman) joined the board of directors of the Panama Diamond Exchange (Panama Diamond Exchange), the organization's press service reported.
"We are pleased to welcome a number of people of this scale with impressive experience and business acumen in the board of directors of the Panama Diamond Exchange. We are confident that they will make a significant contribution to the positioning of Panama as the main center of jewelry trade in Latin America, "said PDI's founding chairman, Eli Izhakoff. "They will not only share the wealth of knowledge about international diamond and jewelry markets, but their very participation in the mission of our stock exchange carries an important message to the whole world."
Four new directors will join the other industry leaders participating in the board of directors of the exchange. Among them are President of the World Federation of Diamond Exchanges (WFDB) Ernest Blom, President of the World Jewelery Confederation (CIBJO) Gaetano Cavalieri and former President of the World Diamond Council (WDC), WFDB and IDE Honorary President Avi Paz Avi Paz).
The PDE-led project to create a $ 200 million Panama Gem & Jewelry Center (Panama Gem & Jewelry Center) is the largest and most ambitious initiative ever undertaken in the interests of Latin American jewelry trade. The center will serve as a trading platform for local and international companies on the market, which today is estimated at $ 8 billion and has 11,500 retail outlets in 20 countries and 23 islands.

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Namdeb, a joint venture of the Namibian government and De Beers, intends to extend the life of diamond mines located in the South African country.
Bloomberg agency quoted the statement of Namdeb General Manager Riaan Burger that the company intends to conduct diamond mining at the Elizabeth Bay, Southern Coastal and Daberasup mines until 2035. Recently, Namdeb mining licenses were extended for 15 years.
"We can extend the period of validity of the license and the period of development of concessions if we correctly allocate costs. When optimizing new technologies, I'm sure we will be able to achieve even better results, "Berger said.
In 2013, Namdeb received about 600,000 carats of diamonds on the ground diamond deposits, while the development of marine concessions gave it 1.16 million carats, reports Bloomberg.
In the meantime, Namgeb CEO Inge Zaamwani-Kamwi told reporters that her company is losing 1,600 carats per day from planned production due to a workers strike that began last Friday.
Namdeb employees demand a 15% wage increase and additional education and medical care benefits. Namdeb could raise wages by 10%, but the union rejected this offer.

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Over the past month, prices for certified diamonds have fallen. Margins of profit in the production of diamonds remained under pressure, as trade in diamonds slowed during the calm season, prices sagged, but prices for rough diamonds remained at a high level, Rapaport said in a press release.
The price index for diamonds RapNet Diamond Index (RAPI) for stones weighing 1 carat decreased during the reporting month by 2.4%. RAPI with respect to certified diamonds weighing 0.30 carats fell by 1.3%, and diamonds weighing 0.50 carats slightly increased by 0.3%. RAPI for diamonds weighing 3 carats fell in July by 0.5%.
As the July Rapaport report called Sluggish Trading says, in the United States and the far east there is a strong demand for commercial grade diamonds weighing less than 1 carat in the SI-I2 purity range and GM color.
There is a high demand for diamonds weighing 0.3-05 carats GM, purity VS2-I2, and there was a deficit in this category of products on the market. Many New York and Antwerp dealers in July went on vacation, which determined a further reduction in trade turnover. Some Indian diamond manufacturers have lowered prices for 1-carat diamonds due to low demand, overstocking of this market segment and the need to ensure the inflow of cash.
The results of the Indian International Jewelery Show (IIJS) were quite weak for diamond suppliers, but there is evidence of stability in India's domestic demand for jewelry and improving sentiment ahead of the October season of Diwali. Limited liquidity and the desire of buyers to purchase polished diamonds for the fulfillment of orders received, rather than replenishment of stocks, are noted.