Six illegal mining suspects to appear in Palm Ridge Court

Pretoria: A joint police operation looking into illegal mining in Gauteng’s east rand has ended in the successful arrest of six men in Thokoza, Ekurhuleni. The six suspects were arrested by members of the South African Police Service’s National Investigative Unit (NINU) and crime intelligence,…

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Polished Diamond Prices Firm in February

One-Carat RAPI Rises for Fourth Consecutive Month PRESS RELEASE, March 1, 2016, New York ... Polished diamond prices rose in February continuing the uptrend evident since November. Shortages continue to support the market while trading slowed during the month as dealers in China and Hong…

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Polished Diamond Prices Rise in January

Shortages Spur Increases in RAPI for 0.30-0.50ct. Diamonds New York - Polished diamond prices rose in January as shortages continue to support the market. U.S. demand is steady after a reasonably good holiday season, while China's wholesale market slowed as the focus shifted to retail…

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The Right Way Forward

Statement by Martin Rapaport De Beers is moving forward in the right direction by reducing rough prices sufficiently to enable increased sales of rough diamonds and a resumption of diamond manufacturing activity. This is evidenced by an increase in De Beers rough diamond sales by…

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Fatality at TauTona Mine

AngloGold Ashanti regrets to announce the death of an employee at its TauTona Mine in the Carletonville area. The deceased, a Rock Drill Operator, was fatally injured in a fall of ground incident on Monday, 11 January 2016. The Department of Mineral Resources has been…

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Polished Diamond Prices Increase in December

Polished diamond market sentiment improved in December as shortages supported prices and dealers filled last-minute holiday orders. Initial reports about U.S. holiday season jewelry sales are positive. General retail sales were up about 8 percent with online mobile sales up 50 to 60 percent. However,…

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Polished Diamond Prices Soften in October

November 3, 2015, New York ... Polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year's levels. Suppliers are holding large polished inventory, while dealers are trying to buy select goods at…

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RapNet Suspends Members Suspected of Falsifying GIA Reports

October 28, 2015, New York ... RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA's computer system…

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