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Board of Russian Diamond Miner Alrosa Recommends No Dividends Payments for 2009

In connection with the difficult economic situation stemming from the crisis in the global diamond market, as well as a significant amount of capital investment in construction of underground mining, the Board of Russian diamond monopoly Alrosa has decided to propose to the company’s Supervisory Board to recommend to the shareholders’ meeting not to allocate [...]

37 Carat Fancy Yellow Diamond Recovered at Mandala Diamond Mine in Guinea

Stellar Diamonds plc, the London listed (AIM:STEL) diamond mining and exploration company focused on West Africa, has provided a progress update on its operations following the successful Reverse Takeover of West African Diamonds plc.
Mining at the 100% owned Mandala diamond mine in southeast Guinea has produced 64,800 carats at a grade of over 42 carats [...]

Firestone Diamonds Intends to List on Botswana Stock Exchange

Firestone Diamonds plc, the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), intends to apply for a secondary listing of shares in the Company on the Botswana Stock Exchange and has appointed Capital Securities of Botswana as Sponsoring Broker in relation to the proposed listing. The secondary listing application is expected to be made [...]

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Americas

CPSC Issues Warning on Children’s Winter and Holiday-Themed Charm Bracelets with High Levels of Cadmium

The U.S. Consumer Product Safety Commission is warning consumers about a certain type of Children’s Metal Charm Bracelets, and advising consumers to stop using the products immediately.
Importer: Buy-Rite Designs, of Freehold, N.J. (The firm is no longer in business.)
Hazard: The bracelets contain high levels of cadmium. Laboratory analysis determined that following a 24-hour incubation in [...]

Exploration & Mining

Russia’s Alrosa Signs Agreements with Rosy Blue, Diamond India and Ratilal Becharlal for $490 Million

ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the [...]

Americas

Rachel Hunter Debuts Fine Jewelry Line on GemsTV

Supermodel and actress Rachel Hunter has featured live on Gems TV to debut her Demeter line of fine jewelry. Ms. Hunter has worked with award winning designer Steven Zale of Zalemark, Inc. to put together a line of elegant jewelry in genuine colored gemstones exclusively for GemsTV. This stunning gold jewelry line [...]

Africa

IMF Technical Assistance Helping African Countries Step Up Measures Against Money Laundering and Terrorist Financing in the Gold and Diamond Sectors

The International Monetary Fund (IMF) is helping 16 African countries step up their fight against money-laundering and the use of their lucrative gold and diamond industries to fund terrorism through a range of technical assistance programs and seminars targeted at helping countries address institutional weaknesses. In the last few years, a [...]

Africa

Firestone Diamonds Selected by Namdeb for new toll treatment project

Firestone Diamonds plc,the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), has been selected by Namdeb Diamond Corporation as the preferred supplier and operator for the Dredge and Floating Treatment Plant project at Namdeb’s diamond mining operations on the south west coast of Namibia. Namdeb is a joint venture between the Government of the [...]

China

CIBJO President Discusses Cooperation in Corporate Social Responsibility With Chinese Regional Jewelry Sector

CIBJO President Gaetano Cavalieri has paid an official visit to Southern Chinese city of Guangzhou, where he was a guest of the regional government. In a meeting with senior officials, he discussed cooperation in the area of Corporate Social Responsibility, and in particular the development of CSR education programmes for the Guangzhou’s jewellery sector.
Hosting Dr. [...]

Industry News

CIBJO President VIP guest at Hong Kong International Show emphasises importance of traceability at technology seminar

CIBJO President Gaetano Cavalieri was an officiating VIP guest at the ribbon cutting ceremony at the Hong Kong International Show, which commenced at the Hong Kong Convention & Exhibition Centre on March 5. In this honorary role, he was accompanied by Rep. Starry Lee Wai-king, a member of Legislative Council of Hong Kong representing the [...]

Americas

Disney and Swarovski to Launch Alice in Wonderland Inspired Jewelry Collection

In celebration of the highly anticipated Walt Disney Pictures film Alice In Wonderland, Disney Consumer Products and Swarovski, the world’s largest producer of cut crystal, are launching an all new collection of jewellery pieces. Consumers will be taken inside the world of “Underland” to commune with the unexpectedly mad and caring characters in the latest [...]

Americas

Jeweler James Avery Makes Donation to Nationwide Adoption Ministry

James Avery, a family-owned jewelry retailer based in Kerrville, Texas donated 300 sterling silver Joy of My Heart charms to be given to each adoption made this year through Arrow Child and Family Ministry. The Joy of My Heart charm includes a large heart that embraces a smaller heart, symbolizing a parent’s love for his [...]

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