De Beers Diamond mining Groups Kimberley Mines are no longer in the company’s strategic plan.
De Beers has been mining at Kimberley South Africa for more than a century, said it hoped to conclude the sale in a matter of months. De Beers produced 722 000 carats of diamonds at Kimberley in 2014.
In 2011 De Beers moved the whole of the company’s sales operation which was London based to Gaborone in Botwana,
Anglo American planned to cut diamond production this year due to lower demand and prices, since late 2014 due to in most part to liquidity problems.
Diamonds certified by the GIA had an undisclosed treatment which fades over time, but improves their colour by as much as three grades.
GIA is asking anyone in trade stocking these potentially treated stones to turn them back into the GIA for re-examination.
The majority of the GIA certified diamonds are one carat or larger, with a number of three to five carat diamonds. A colour grade of three higher in these sizes amounts to a very big difference in price.
GIA has terminated the client agreements with companies suspected of knowing the diamonds were treated and did not disclose it.
GIA discovered the treatment when a client who purchased one of the diamonds resubmitted it to GIA for re-check.
It was then that the GIA connected this stone with hundreds of treated diamonds submitted by the companies.
The GIA has notified industry bodies about the still unidentified temporary treatment.
The updated equipment will have production capacity of up to 700 stones per day.
The new diamond center incorporates miners, diamond dealers, cutters and polishers, jewellers, financial institutions and government regulatory authorities. This centralises the diamond industry and can address accountability, security and transparency in the Zimbabwean diamond industry.
Zimbabwe has realised, the country is not getting value for its rough diamonds, and production of the rough will add value to the diamonds and country.
When the rough diamonds are sold to factories in Zimbabwe, mining companies will benefit from added liquidity, as well as the fully processed diamonds will remain in the country for sale.
Zimbabwe is showing itself to be more forward thinking and proactive.
Lucara’s Karowe diamond mine in Botswana has produced a 341.90 ct type IIa rough diamond gem while processing kimberlite from the central and south lobe interface.
The diamond will be sold along with two other stone weighing over 100 cts each.
DCLA Diamond Certificate
Prices GST exclusive
Up to 0.39ct $65.00
0.40 – 0.69ct $85.00
0.70 – 0.99ct $100.00
1.00 – 1.49ct $115.00
1.50 – 1.99ct $125.00
2.00 – 2.99ct $150.00
3.00 – 3.99ct $175.00
4.00 – 4.99ct $200.00
5.00 – 9.99ct $250.00
Over 10.00ct $500.00
LASERLOGO SYMBOL $30.00
LASER INSCRIPTION DCLA CERTIFICATE $55.00
LASER INSCRIPTION (OTHER CERTIFICATE) $150.00
VERIFICATION OF DCLA CERTIFICATE $35.00
RECHECK COLOUR / CLARITY $25.00
REPRINT CERTIFICATE $35.00
CHECK FOR HEARTS AND ARROWS $10.00
PRELIMINARY GRADING $75.00
PRIORITY SERVICE (SAME DAY*) $50.00
COLOUR AUTHENTICATION $100.00
ADDITIONAL TESTING $150.00
DCLA INSURANCE VALUATION (including laser inscription) $75.00
DIAMOND RECUT / REPAIR BASED ON QUOTE PRIOR
REPAIR HOT LASER DAMAGE $55.00
ROUGH DIAMOND POLISHING BASED ON QUOTE PRIOR
• Discounts are volume based and subject to review
• Prices are subject to change without notification
* Depending on volume
An unnamed diamond trader is suspected of stealing diamonds valued at around US$1 million from several dealers in the Johannesburg diamond center in South Africa, according to a report in The Star.
The diamonds were apparently handed over to the diamond trader with the expectation that payment for them would be made within a few days, as is the custom in the diamond trade. The news source says an industry insider told them that the man was known to have a gambling problem and it was discovered that he had pawned the diamonds and gambled the money away over a period of two weeks.
The diamond trader is said to be in hiding, and his life is believed to be in danger.
South African Diamond Dealers Club Treasurer Michael Ellis is quoted by the news source saying that he is aware of the incident, and that the man is not a member of the Diamond Dealers Club, although he is known within gem circles. "You get a few incidents like this ever so often, but it happens with fringe members, not mainstream dealers," said Ellis, as quoted by The Star, adding that when any theft takes place, a ban on the dealer is placed worldwide, meaning that they will never be able to work in the industry anywhere in the world.
DIB
Debswana’s Managing Director Balisi Bonyongo said, the Diamond Company will cut diamond production at its mines as the company tries to match demand in the short to medium term.
The company would prefer to keep the diamonds in the ground until the market to recovers.
Bonyongo said that the company expected the market to return to normal after it slowed in the last year. In part due the liquidity constraints in India.
DCLA Australia’s leading diamond laboratory valuation service now available.
Valued by DCLA experts and therefore guaranteed accurate. Saving you money on your insurance premiums, and putting you back in the same position without compromising on quality.
The DCLA valuation will guarantee the diamond replaced with the prefect like for like stone.
All valuations will include personalised optional Cold Laser inscription on the girdle.
Call DCLA for information or to book you appointment.
According to the police, robbers used heavy cutting equipment to break into the vault at Hatton Garden. The vault founded in 1954 is in use by almost 300 diamond and gold dealers and more than 50 stores.
The robbers broke into an office upstairs and then abseiled down a disused lift shaft. They then cut through steel exterior walls and finally broke into the vault on Friday. The gang then opened 300 boxes belonging to Diamond dealers and jewellers.
The gang took advantage of the holiday period to open the boxes. This robbery dwarfs any of Britain’s previous biggest heists, with an estimated lost exceeding 300 million USD.
Swiss made CT60 collection is a tribute to founder Charles Lewis Tiffany.
The traditional Tiffany design fused with modern high tech watchmaking includes men’s and women collection in stainless steel or gold.
A 60 piece limited edition in 18 karat rose gold, with a calendar and a 42 hour power reserve will be individually numbered.
The collection is available at Tiffany & Co. locations worldwide and retail price starts at $4,250.
