If no one purchases the stone in the next six to eight weeks, the Canada-based miner will consider a revenue-sharing deal to sell the 1,109-carat rough diamond, Lucara CEO William Lamb said in an earnings call last week.
Read more: DCLA
Sunday, 13 August 2017
Lucara Mulls Lesedi La Rona Partnership
If no one purchases the stone in the next six to eight weeks, the Canada-based miner will consider a revenue-sharing deal to sell the 1,109-carat rough diamond, Lucara CEO William Lamb said in an earnings call last week.
Read more: DCLA
Wednesday, 9 August 2017
DCLA Diamonds old to new ring design
We understand Sentimental value.
There are other options to selling or leaving it in a drawer until it disappears.
Call DCLA for an appointment to see how we make your cherished heirloom wearable.
There are other options to selling or leaving it in a drawer until it disappears.
Call DCLA for an appointment to see how we make your cherished heirloom wearable.
Tuesday, 8 August 2017
DCLA Diamond stud dream pair special.
We have a selection of Tiffany style diamond studs from 0.20 ct TDW up to 2.00 ct TDW Set in 18 K White Gold, All diamonds are certified and DCLA approved.
Prices start at $550.00 for the set call for a appointment or to select your dream pair. 02 92612104
Monday, 7 August 2017
Jewellery or diamond valuations
The AUD Dollar is now 0.8 to the USD, Do you need a updated insurance valuation to keep your asset correctly covered ?
DCLA insurance valuations call for pricing. 02 92612104
Thursday, 3 August 2017
Rough Market Cools Despite $572M De Beers Sight
De Beers Orapa mine
The rough-diamond market slowed during last week’s De Beers July sight, with prices on the secondary market decreasing.
De Beers sold $572 million of rough in the sixth sales cycle, an increase of 6% from the previous sight and 8% from the same period a year ago, the company said Tuesday. However, rough dealers were reselling boxes of De Beers goods for no premium, or at a loss, in contrast to the buoyant activity in the first half of the year, sightholders said.
While De Beers kept its prices generally steady, prices on the secondary market were about 4% to 5% lower than they were following the June sight, dealers reported. “Taking into account the real cost of the boxes [including tax, broker fees and other costs], the box prices represented a loss to the sellers,” Dudu Harari of diamond broker Bluedax said in a report on the sight.
The cooling of the market comes as diamond cutters are finally realizing that the mismatch between rough and polished prices has made it difficult for them to make money on goods, one rough broker told Rapaport News on Tuesday.
Demand for polished diamonds remains weak, resulting in slim profit margins for manufacturers, sightholders said, as rough prices increased an estimated 3% in the first half. “This sight, we saw a paradigm shift,” the rough broker explained.
“There wasn’t much demand for De Beers boxes on the secondary market. This was a very significant difference from sight five. “The wheels have come off the bus as far as the rough market is concerned,” the broker added. “If something doesn’t change at the end of the pipeline, we could see a drop in rough prices.” De Beers, meanwhile, said demand for its goods was solid across its product range, as the miner had reported in previous sights.
“With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from sight seven,” said De Beers CEO Bruce Cleaver. “This was due to these customers needing to make rough-diamond purchases in sufficient time to complete their polishing before the holiday begins.” De Beers continued its recent practice of not offering any “ex-plan” goods — excess rough that the miner makes available beyond what it has agreed to supply sightholders — according to the anonymous broker.
Buyers reported shortages in certain rough categories, in line with earlier sales this year.
Source:diamonds.net
De Beers sold $572 million of rough in the sixth sales cycle, an increase of 6% from the previous sight and 8% from the same period a year ago, the company said Tuesday. However, rough dealers were reselling boxes of De Beers goods for no premium, or at a loss, in contrast to the buoyant activity in the first half of the year, sightholders said.
While De Beers kept its prices generally steady, prices on the secondary market were about 4% to 5% lower than they were following the June sight, dealers reported. “Taking into account the real cost of the boxes [including tax, broker fees and other costs], the box prices represented a loss to the sellers,” Dudu Harari of diamond broker Bluedax said in a report on the sight.
The cooling of the market comes as diamond cutters are finally realizing that the mismatch between rough and polished prices has made it difficult for them to make money on goods, one rough broker told Rapaport News on Tuesday.
Demand for polished diamonds remains weak, resulting in slim profit margins for manufacturers, sightholders said, as rough prices increased an estimated 3% in the first half. “This sight, we saw a paradigm shift,” the rough broker explained.
“There wasn’t much demand for De Beers boxes on the secondary market. This was a very significant difference from sight five. “The wheels have come off the bus as far as the rough market is concerned,” the broker added. “If something doesn’t change at the end of the pipeline, we could see a drop in rough prices.” De Beers, meanwhile, said demand for its goods was solid across its product range, as the miner had reported in previous sights.
“With Diwali being earlier than normal in 2017, we saw some demand from Indian diamantaires pulled forward from sight seven,” said De Beers CEO Bruce Cleaver. “This was due to these customers needing to make rough-diamond purchases in sufficient time to complete their polishing before the holiday begins.” De Beers continued its recent practice of not offering any “ex-plan” goods — excess rough that the miner makes available beyond what it has agreed to supply sightholders — according to the anonymous broker.
Buyers reported shortages in certain rough categories, in line with earlier sales this year.
Source:diamonds.net
Monday, 31 July 2017
Sarine Claims Superior Accuracy for Grading Tools
Sarine Technologies’ new automated color- and clarity-grading systems
are yielding more reliable results than manual graders, the company has
claimed.
Sarine Clarity, which uses technology to analyze flaws in polished diamonds, showed a 97% correlation with the grades given by a reference group of human gemologists, while Sarine Color matched them 99% of the time, Sarine said Sunday.
Read more: DCLA
Sarine Clarity, which uses technology to analyze flaws in polished diamonds, showed a 97% correlation with the grades given by a reference group of human gemologists, while Sarine Color matched them 99% of the time, Sarine said Sunday.
Read more: DCLA
Sunday, 30 July 2017
Princess cut diamond engagement ring
An old Princess cut diamond engagement ring re-manufactured by the DCLA
from the ordinary into the extraordinary.
Call DCLA to see how we can make your jewellery special. 02 92612104
Subscribe to:
Posts (Atom)
Tiffany Buys Back Titanic Watch for Record $1.97m
Tiffany & Co paid a record $1.97m for a gold pocket watch it made in 1912, and which was gifted to the captain of a ship that rescued mo...
-
The number of bidders at the recent 2019 Argyle Pink Diamonds Tender saw double-digit growth with buyers vying to get their hands on...
-
More than ever before, today’s jewelry store manager has to be a know-it-all. He or she must understand new technolog... -
The Gemological Institute of America (GIA) has updated the language in its lab-grown-diamond certificates to ...
