Category «Industry»

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 for the Chinese New Year Spring Festival starting on February …

100 % black female owned aviation company

‘African Start-Up’: Sibongile Sambo Founder of SRS Aviation, Johannesburg This week, CNN’s ‘African Start-Up’ meets an entrepreneur whose love for flying paved the way to a successful private aviation business. When Sibongile Sambo founded SRS Aviation in 2004, she had little collateral. Now, her Johannesburg-based company provides personalised aviation services including helicopter flights and tourist …

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 118% from $248 million in the tenth sales cycle of …

Fatality at TauTona Mine

AngloGold

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 notified of the incident and an in-loco inspection has been …

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, there is still very limited dealer and retailer diamond inventory …

30 % growth expected for SA craft beer industry

SAB Miller is available in 38 African countries and controls 90 per cent of the South African beer market. Last month, the world’s largest beer company, AB InBev, agreed to buy SAB Miller for $104 billion. ‘CNN Marketplace Africa’ this week examines how this development impacts South Africa’s beer industry and creates opportunities for craft …

Calls For Immediate Drought Relief For Farmers

IFP

The IFP in KZN calls on the Provincial Government to offer drought relief assistance to farmers immediately as the drought continues to persist. “We heard that the Department of Water and Sanitation has committed a further R96.62m to finance water tanks and additional drought intervention projects in KZN but we have not heard any word …

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 deep discounts. The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded …

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 and upgraded 1,042 GIA grading reports. GIA issued laboratory alerts …