1. 29.0k
    Posts

    ALROSA SELLS $9.3 MILLION WORTH OF ROUGH IN ISRAEL
    Alrosa sold 92 rough diamonds weighing 1,700 carats in total

    הדפס
    7.04.2019Israel
    Diamond Sorting
    Credit: Alrosa
    Russian mining giant Alrosa held an auction for special size rough diamonds (over 10.8 carats) at the Israel Diamond Exchange (IDE) Israel last week, selling 92 rough diamonds weighing 1,700 carats in total. The overall revenue amounted to $9.3 million.

    diamond loupe israel
    Credit: 3photographers

    According to Alrosa, more than 30 companies won “in different auction positions”. In 2018, the Russian miner held six auctions for special size rough diamonds in Israel, raking in almost $90 million in revenue. Alrosa will hold four more auctions in Israel during 2019.

    Israeli Diamond Bourse
    Credit: IDI

    Evgeny Agureev, Director of the United Selling Organization at Alrosa, commented on the auction: “Local firms, most of which specialize in large rough diamonds, participated in the auction, as well as other representatives of the global diamond market. We invited over 100 companies. The auction completed with good results, the demand for our products in Israel market remains stable”.

    Tags: Diamonds News, Diamond Industry News, IDE News, Alrosa Ne

  2. 29.0k
    Posts

    THIS IMPRESSIVE 55-CARAT DIAMOND WAS JUST FOUND AT LESOTHO
    This is the fifth 50+ carat diamond recovered to date from the mine

    הדפס
    7.04.2019Mining
    Top color diamond Lucapa
    Credit: Lucapa
    Lucapa Diamond Company has recovered a top-colour 55 carat diamond from its new 1.1 Mtpa Mothae kimberlite plant in Lesotho. It is the fifth 50+ carat diamond recovered to date from the new Mothae mine.

    lucapa white rough diamonds
    Credit: lucapa white rough diamonds

    In mid-March, Lucapa found an 83.9 carat diamond at the 1.1 Mtpa Mothae kimberlite plant. Lucapa said that while the 83.9 carat diamond was not gem-quality, “it continues to underline the large-stone nature of the Mothae kimberlite resource”. Previous 50+ finds included a 51.2 carat diamond in February and Specials weighing 78 carats and 89 carats from the 2018 bulk sampling program.

    83 carat large diamond
    Credit: Lucapa

    At the beginning of March, Lucapa held its first sale of diamonds from its Mothae plant. The sale, held at Antwerp, raked in $3.8 million from the sale of 5,411 carats of rough diamonds.

  3. 417
    Posts

    You’ve. Lost. The. Lot.

    Exactly what you deserve scum bag.

  4. 29.0k
    Posts

    funny that mine ramping up.... on the rumor mill go med

  5. 417
    Posts

    Dirty little crook. Still pushing a liquidated company!!!!

    Mods!!!!!!!

  6. 29.0k
    Posts

    THIS IMPRESSIVE 55-CARAT DIAMOND WAS JUST FOUND AT LESOTHO
    This is the fifth 50+ carat diamond recovered to date from the mine

    הדפס
    7.04.2019Mining
    Top color diamond Lucapa
    Credit: Lucapa
    Lucapa Diamond Company has recovered a top-colour 55 carat diamond from its new 1.1 Mtpa Mothae kimberlite plant in Lesotho. It is the fifth 50+ carat diamond recovered to date from the new Mothae mine.

    lucapa white rough diamonds
    Credit: lucapa white rough diamonds

    In mid-March, Lucapa found an 83.9 carat diamond at the 1.1 Mtpa Mothae kimberlite plant. Lucapa said that while the 83.9 carat diamond was not gem-quality, “it continues to underline the large-stone nature of the Mothae kimberlite resource”. Previous 50+ finds included a 51.2 carat diamond in February and Specials weighing 78 carats and 89 carats from the 2018 bulk sampling program.

    83 carat large diamond
    Credit: Lucapa

    At the beginning of March, Lucapa held its first sale of diamonds from its Mothae plant. The sale, held at Antwerp, raked in $3.8 million from the sale of 5,411 carats of rough diamonds.

  7. 29.0k
    Posts

    DE BEERS’ 3RD SALES CYCLE RAKES IN $575 MILLION
    De Beers' CEO: "We see a continuation of stable demand for our rough diamonds”

    הדפס
    11.04.2019Financial News
    De Beers Diamond Sourcing
    Credit: De Beers
    Provisional data released by Anglo American shows that the value of rough diamonds sold by De Beers in the 3rd sales cycle (Global Sightholder Sales and Auction Sales) of 2019 totaled $575 million.

    Rough and polished diamonds by De Beers
    Credit: De Beers

    De Beers’ 2nd sales cycle of 2019 totaled $496 million, and its 1st sales cycle of 2019 De Beers sold rough for a total of $500 million. De Beers’ corresponding 3rd sales cycle of 2018 totaled $524 million. CEO Bruce Cleaver commented on the 3rd sales cycle results: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds”.

    Rough Diamonds De Beers
    Credit: De Beers
    In 2018, De Beers showed an increase of 4% year-on-year in total revenue to $6.1 billion. Rough diamond sales increased by 4% to $5.4 billion, driven by “improved overall consumer demand for diamond jewellery and a 1% increase in the average rough diamond price index”.

    Tags: Diamonds News, Diamond Industry News, Diamond Prices News

    More News
    Fin

  8. 129
    Posts

    Is Bryan Hughes the liquidator of MED as well as OGX?

    😂😂😂

  9. 29.0k
    Posts

    strange, i hear med mine ramping up ,show us any where med is in liquidation.. or just another lie like your 107 multi nic, lies, sad sad ramper,,

  10. 129
    Posts

    Have they got the $18 million back yet?

    Why still suspended?

    Why no news from the company about the mining you are lying about?

    How many GPT at McNallys????

    You’ve lost it all. 😂😂😂

  11. 29.0k
    Posts

    DE BEERS’ 3RD SALES CYCLE RAKES IN $575 MILLION
    De Beers' CEO: "We see a continuation of stable demand for our rough diamonds”

    הדפס
    11.04.2019Financial News
    De Beers Diamond Sourcing
    Credit: De Beers
    Provisional data released by Anglo American shows that the value of rough diamonds sold by De Beers in the 3rd sales cycle (Global Sightholder Sales and Auction Sales) of 2019 totaled $575 million.

    Rough and polished diamonds by De Beers
    Credit: De Beers

    De Beers’ 2nd sales cycle of 2019 totaled $496 million, and its 1st sales cycle of 2019 De Beers sold rough for a total of $500 million. De Beers’ corresponding 3rd sales cycle of 2018 totaled $524 million. CEO Bruce Cleaver commented on the 3rd sales cycle results: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds”.

    Rough Diamonds De Beers
    Credit: De Beers
    In 2018, De Beers showed an increase of 4% year-on-year in total revenue to $6.1 billion. Rough diamond sales increased by 4% to $5.4 billion, driven by “improved overall consumer demand for diamond jewellery and a 1% increase in the average rough diamond price index”.

    Tags: Diamonds News, Diamond Industry News, Diamond Prices News

    More News

  12. 29.0k
    Posts

    be interesting how this plays..out .. not all one sided ...all doom and gloom getting around lest see.. merlin mine is a cash cow ,,in right hands,,, ??? not a total write off yet ,,far from it IMO

  13. 29.0k
    Posts

    no where near a write off as all the doomsday posters are posting not at all imo ...

  14. 14.3k
    Posts

    Gone, finished, lost, nil, zero, done your $$$. Pick which ever one you like sandune. Asic dont muck around.

  15. 70
    Posts

    Sandy, you are being delusional, shareholders have lost the lot. Writing was on the wall way back when his sister and family were given the assets as security.

  16. 29.0k
    Posts

    Med is nothing where has the avq 100 mill gone ???...

  17. 29.0k
    Posts

    the reports quote Surat Diamond Association (SDA) president Babu Gujarati as saying that “demand of polished diamonds in the global market is very poor due to the trade war between China and the US. Further, the rough diamond prices are at an all time high, which has reduced the profit margin of the polisher

  18. 29.0k
    Posts

    Pink diamond tender dazzles at Rio Tinto's Argyle mine, one year out from 2020 closure
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    ABC Rural
    By Courtney Fowler

    Updated about 3 hours ago
    First posted about 3 hours ago
    Close up of Rio Tinto's six hero stones
    The 64-diamond tender includes six hero stones. (Supplied: Rio Tinto)
    One of its last collections of the world's rarest pink and red diamonds has been unveiled by Rio Tinto in a historic preview at the Argyle mine in Western Australia's far north.

    The East Kimberley mine produces more than 90 per cent of Australia's diamonds, and is one of the only known sources of pink diamonds in the world.

    It is the first time in the 35-year history of the Argyle Pink Diamonds Tender that the collection has been launched on Country, in what's considered to be one of the most exclusive diamond sales in the world.

    These are diamonds so rare they never reach the open market.

    Diamonds on table with tweezers for scale
    The annual tender process has been running for 35 years. (ABC Kimberley: Courtney Fowler)
    Celebrating the end of an era
    Rio Tinto copper and diamonds chief executive Arnaud Soirat said with fewer than 150 of these extremely rare tender stones left, it was a historic moment for collectors, the company, and its employees.

    "Only one per cent of Argyle production is made of coloured diamonds every year," he said.

    "And out of this we are taking the top 50–65 coloured diamonds, putting them together in the tender."

    In practical terms, the total number of top quality pink diamonds can be held in the palm of your hand.

    This year's 64-diamond collection included three fancy red diamonds, weighing in at 56.28 carats in total.

    Most coveted of those diamonds is the Argyle Enigma, a 1.75-carat fancy red diamond, only one of three of its kind weighing more than 1.5 carats to be produced from the mine in 40 years.

    Close up of Argyle Enigma hero stone
    The hero stone Argyle Enigma is a 1.75 carat Fancy Red. (Supplied: Rio Tinto)
    Pink diamond value skyrockets
    Over the past 20 years the value of Argyle pink diamonds sold at the tender have appreciated 500 per cent, outperforming all major equity markets.

    Mr Soirat said these results were a reflection of the supply of these extremely rare diamonds becoming even more scarce and more valuable.

    "If you want to have an idea of the price you can look at the reserves of auctions every year; the best diamonds are sold in Geneva so typically of this quality from Argyle they would attract several million dollars per carat," he said.

    "When Argyle is going to shut, 90 per cent of the worldwide production of pink diamonds is going to stop, so you can see why it's making it extremely attractive."

    Although the total figure reached by each year's tender is kept secret, in 2018 Rio Tinto revealed the collection reached double-digit price growth — including the sale of the most valuable diamond in the tender's history.

    The Argyle Muse, a 2.28-carat fancy purplish-red diamond, was sold to an anonymous buyer.

    It is estimated the top stone went for anywhere between $14–21 million.

    Long distance shot of Argyle mine landscape
    The Argyle Diamond Mine is located in the East Kimberley and has been operating for 40 years. (ABC Kimberley: Courtney Fowler)
    An outback diamond empire

    YOUTUBE: The allure of the Argyle Pink Diamond
    Every year, one of Australia's most renowned diamond collectors, Frauke Bolten-Boshammer, prepares to go into a bidding war for the world's rarest and most valuable diamonds from the remote Kimberley.

    The Kununurra-based owner of Kimberley Fine Diamonds started her outback diamond empire 28 years ago, recently publishing a book about her story Diamonds in the Dust.

    She is also one of the privileged few invited to attend the Argyle pink diamond tender each year.

    And you need to have deep pockets to afford these rare gems.

    Ms Bolten-Boshammer said a lot of mystery surrounded the tender process; potential buyers placed a sealed bid, with the highest bidder notified of their win at the tender deadline.

    "You don't get to know who else bid or who got the stone you wanted to have. It's all secret," she said.

    "I've got maybe 15 tender stones over the years and I've still got seven left in my shop.

    "They're so special; I knew this from the start. I'm 28 years in business and I still love them."

    Kimberley Fine Diamonds owner Frauke Bolten-Boshammer and manager Helen Thorne.
    Kimberley Fine Diamonds owner Frauke Bolten-Boshammer and manager Helen Thorne. (ABC Kimberley: Courtney Fowler)
    Positive for the future
    Ms Bolten-Boshammer said there was an increasing awareness among collectors that the global supply of pink diamonds was running out.

    "The last few days in the shop, so many people came and asked for pink diamonds … the prices will go up too," she said.

    "We had a ring, which 10 years ago was $11,000. We just revalued it and it is now $47,000."

    Ms Bolten-Boshammer said despite the mine's closure next year, she remained positive for the future of the industry.

    "I'm not concerned because I started buying 28 years ago, I have a good collection," she said.

    "And who knows, I still think somebody else might come and go deeper and do it again."

    A piece of history
    Jewellery historian Vivienne Becker travelled 14,000km from London for this year's historic tender at Argyle.

    She has been writing about Argyle pink diamonds since the mid-1980s when they first appeared on the market.

    "It was so important for me to come here to see the start and end of this incredible adventure story," she said.

    "I have to say as a historian that Argyle pink diamonds have really changed the course of jewellery history.

    Jewellery historian Vivienne Becker and Rio Tinto copper and diamonds chief executive Arnaud Soirat look at diamonds in cabinet
    London-based jewellery historian Vivienne Becker with Rio Tinto copper and diamonds chief executive Arnaud Soirat. (ABC Kimberley: Courtney Fowler)
    Ms Becker said after decades of association with the pink diamond industry, it would be an emotional time for long-term collectors when the tender called its last bids.

    "These diamond dealers, they're tough businessmen," she said.

    "But when they're faced with one of these tender stones, you can see them melting, so many have said they actually cry when they have to sell them."

    Ms Becker said with almost the entire world's supply of rare pink, red and violet diamonds coming from Argyle, speculation has risen on how the closure of the mine would ultimately affect the industry.

    With most of the tender stones locked up in banks, vaults and private collections, Ms Becker said it could mean the end of the rare vivid red and fancy pink diamonds being available to the market.

    Close up of hero diamonds through magnifier
    The collection will be displayed in Australia, Hong Kong and New York. (ABC Kimberley: Courtney Fowler)
    Pink colour a mystery
    There are a small quantity of pink diamonds mined in Brazil and in South Africa, including the almost 19-carat Pink Legacy, which last year set a new world record price per carat when it sold for almost a whopping $70 million.

    But so far nowhere else in the world has produced diamonds as vivid as the pinks from the Kimberley.

    Ms Becker said the cause of the colour was an enigma which still puzzled gemologists around the globe.

    "It's definitely part of the fascination: coloured diamonds have always been real collectables, [but] Argyle turned them into the ultimate possession, beyond luxury possession," she said.

    "It's the mystery, the randomness of how they're formed in nature all those billions of years ago, that combination of brilliance, colour and light which I say are the two most emotional triggers in a gem stone.

    "Of course, the pink is the least understood, we know it's something to do with the way the atoms grow [but] there's still mystery at the heart of these beautiful stones."

    Red diamond closeup on colourful background
    The Argyle Muse, a 2.28-carat fancy purplish-red diamond is the most valuable diamond in the tender's 34-year history. (Supplied: Rio Tinto)
    Where to from here?
    Rio Tinto's current estimates indicate sufficient economic reserves at the mine to support production through to late 2020.

    Mr Soirat said the mine's rehabilitation process had already begun and staff had started to be re-located to new jobs or alternative training opportunities.

    He said he looked forward to seeing the land be given a new lease on life.

    "We're working with Traditional Owners and Government to facilitate the handover of the lease, we're also supporting the process for the Traditional Owners to ask for Native Title," Mr Soirat said.

    "We're going to clean-up and rehabilitate [it] and there could be a different use for the site.

    "When we close the mine we will rehabilitate it and eventually we release the mining lease, then if someone else wants to come later on they will have to go through the typical process of asking for mining lease.

    "What we do know is that economically, 2020 will be the end of this incredible journey that Argyle has been through over the past 40 years."

    After its launch at Argyle, the Pink Diamond Tender collection is set to go on tour to Perth, Sydney, Hong Kong and New York, where a handful of collectors from around the globe have been invited to place silent bids on the rare gems.

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