Category «Industry»

Diamond Prices Firm Slightly with U.S. Optimism

Diamond trading slowed in November as Indian liquidity dried up and manufacturing shut down for Diwali. U.S. jewelers completed their inventory purchases and focused on selling during the holiday season rather than buying from overseas suppliers. Sentiment improved as the season began. Stock markets rallied to record highs on Thanksgiving weekend and the dollar strengthened …

MWEB Acquired by Internet Solutions

Today, Internet Solutions, the pan-African communications provider, announced through its parent company Dimension Data (Pty) Ltd, that it entered an agreement to acquire the business of MWEB and shareholders. If successful, the transaction is expected to be completed in the first quarter of 2017. Read more

Trump Victory Improves Outlook for Diamonds and Jewelry

Trump’s election victory coupled with Republican control of Congress is expected to set the stage for improved economic conditions that will support increased demand for diamonds and jewelry. Lower taxes, higher domestic employment and the end of Obamacare will increase disposal income and encourage investment in local businesses. This will fuel new domestic economic growth. …

Diamond Prices Decline in October

Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. Trading slowed as larger U.S. holiday orders were already filled and dealers shifted to accommodate specific requirements from their retail customers. The RapNet Diamond Index (RAPI™) for one-carat, RapSpec-A3+ polished diamonds fell 2.3% in October. The index …

Diamond Prices Stable in September

Diamond markets were steady in September. Sentiment improved as trading at the Hong Kong Jewellery & Gem Fair, a bellwether for the industry, was better than expected even though buyers refrained from large inventory purchases. The polished market was supported by relatively high rough prices as suppliers held polished prices firm, preferring to delay sales …

UN Commission: New Investments in Global Health Workforce Will Create Jobs and Drive Economic Growth

The Presidents of France and South Africa today called for urgent investments globally to create new jobs in the health sector in order to prevent a projected shortfall of 18 million health workers primarily in low- and lower-middle-income countries, and help countries to maximize the social and economic benefits of increased health employment. The High-Level …

Diamond Prices Mixed in Slow August Trading

One-carat diamond prices remain under pressure with low trading volume during the August vacation period. Polished inventory is increasing with steady manufacturing and sluggish demand as dealers prepare for the fourth-quarter holiday season. Some improvement in under-the-carat goods as Chinese bridal demand stabilizes. The RapNet Diamond Index (RAPI™) for 1-carat diamonds fell 0.8% in August. …

Rapaport to Provide 100% Natural Untreated Diamond Melee

August 2, 2016, New York…Rapaport Auctions and Trading is pleased to offer clients the opportunity to purchase parcels of melee that are 100% natural and untreated. Every single diamond in these parcels is tested using the latest Gemological Institute of America (GIA) equipment and testing technology. In addition, Rapaport will offer parcels that have been …

Rapaport Press Release: Diamond Prices Decline in July

Polished diamond prices softened in July continuing the downtrend in the second quarter. Diamond markets were seasonally quiet with U.S. wholesalers taking their annual summer vacation. Overall polished demand remains weak. The RapNet Diamond Index (RAPI™) for one carat diamonds fell 1.7 percent in July. RAPI for 0.30-carat diamonds dropped 1.8 percent and RAPI for …

Fatalities at Kopanang and TauTona Mines

AngloGold

AngloGold Ashanti regrets to announce the death of two employees, a Rock Drill Operator and a Crew Supervisor, who were fatally injured in fall of ground and tramming incidents at Kopanang and TauTona Mines this week. The Department of Mineral Resources (DMR) was notified of both incidents and in-loco inspections were conducted. Initial Management response …

VF Plus gekant teen eksplorasie-aansoeke

VF+

Die VF Plus het homself vandag as belangeparty tot die eksplorasie-aansoeke in die Vrystaat geregistreer. Lede van die publiek het die VF Plus genader vir hulp rakende hierdie eksplorasie-aansoeke. Die VF Plus is gekant teen die beplande eksplorasie-aansoeke vir die ontginning van gas, olie en kondensaatbronne wat die Vrystaat as kosmandjie van Suid-Afrika in wese …

Diamond Prices Soften In May

Polished diamond prices declined slightly in May with buyers waiting for the Las Vegas shows. Trading at the JCK Las Vegas show, which took place June 3 to 6, was relatively weak with traffic slower than previous years. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds was flat in May. RAPI for 0.30-carat diamonds …

Privatiseer SAL om verdere vermorsing van belastinggeld stop te sit

VF+

Die jongste “omkeerstrategie” by die SAL nadat tien vorige omkeerpogings misluk het, plaas ʼn swaar las op die belastingbetaler en die redery moet geprivatiseer word om verdere vermorsing van belastinggeld stop te sit, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor finansies. Dr. Groenewald het vandag met die begrotingsposdebat van die departement …

Diamond Prices Soften with Weaker Global Demand

Polished diamond trading slowed in April due to sluggish demand at the start of a seasonally-quiet period. Sentiment weakened as the positive momentum from the first quarter failed to gain traction. Supplies significantly increased due to high rough sales and polished production in the first quarter. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds …

Fatality at Savuka Mine

AngloGold

(JOHANNESBURG – NEWS RELEASE) – AngloGold Ashanti regrets to announce the death of two employees who were fatally injured after a series of seismic events, the largest measuring 3.5 on the Richter scale, at its Savuka Shaft. The Department of Mineral Resources has been notified of the incident and an in-loco inspection will be conducted …

Eskom funksioneer wel, maar teen ‘n prys

VF+

Dit is so dat Eskom tans weer funksioneer, maar dit kom teen ʼn prys waarvoor die belastingbetaler moet betaal, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor openbare ondernemings Dr. Groenewald het vandag met die begrotingsposdebat van die departement van openbare ondernemings gesê die minister (Lynne Brown) spog nou dat daar nie …

Polished Diamond Prices Stable in March

April 5, 2016, New York … Polished diamond prices were stable in March supported by steady dealer trading even though the outlook for consumer demand remains uncertain. In the first quarter, sentiment improved as polished prices rose and profitability increased on select new production. The RapNet Diamond Index for 1-carat, GIA-graded diamonds was flat in …