DCLA has opened a second diamond laboratory

Australia’s International listed and recognised diamond grading laboratory DCLA, has opened a second office under the directorship of Mr Matthew Zamel.

The new office Address 319/38 Gawler Place Adelaide SA 5000 This is the first after 17 years as Australia’s trusted name in diamond analysis certification.

DCLA employs the most qualified, knowledgeable people using the most technologically advanced gemmological equipment and references available worldwide.

DCLA remains the only laboratory who can guarantee all diamonds ever graded are untreated and natural mined origin.

DCLA founded in 2001 is an Australian based company and proudly the only Diamond grading laboratory recognised by international bodies from its founding.

About US

The DCLA is an Australian owned company.

The DCLA shareholders and directors have a heritage of over 3 generations in the industry.

The DCLA directors come from a long line of professional diamond cutters and markers.

Our involvement in the diamond trade has been from Diamond mining and in Africa, to our Cutting works in South Africa and most recently the formation in 2001 of the DCLA laboratory in Australia.

Source: DCLA

DCLA has opened a second diamond laboratory

Australia’s International listed and recognised diamond grading laboratory DCLA, has opened a second office under the directorship of Mr Matthew Zamel.

The new office Address 319/38 Gawler Place Adelaide SA 5000 This is the first after 17 years as Australia’s trusted name in diamond analysis certification.

DCLA employs the most qualified, knowledgeable people using the most technologically advanced gemmological equipment and references available worldwide.

DCLA remains the only laboratory who can guarantee all diamonds ever graded are untreated and natural mined origin.

DCLA founded in 2001 is an Australian based company and proudly the only Diamond grading laboratory recognised by international bodies from its founding.

About US

The DCLA is an Australian owned company.

The DCLA shareholders and directors have a heritage of over 3 generations in the industry.

The DCLA directors come from a long line of professional diamond cutters and markers.

Our involvement in the diamond trade has been from Diamond mining and in Africa, to our Cutting works in South Africa and most recently the formation in 2001 of the DCLA laboratory in Australia.

Source: DCLA

Lucapa Diamonds highest dollar per carat miner dazzles the market

Lucapa Diamond Company is well advanced with a strategic plan to unlock greater wealth from its asset portfolio by expanding production of large, premium value diamonds and continuing exploration programmes to make new discoveries.

Its operations include an extensive exploration programme at its 40% owned Lulo alluvial mine to locate the hardrock source or sources of the exceptional alluvial diamonds and the development of a second high value diamond mine at Mothae in Lesotho.

Source: DCLA

Lucapa Diamonds highest dollar per carat miner dazzles the market

Lucapa Diamond Company is well advanced with a strategic plan to unlock greater wealth from its asset portfolio by expanding production of large, premium value diamonds and continuing exploration programmes to make new discoveries.

Its operations include an extensive exploration programme at its 40% owned Lulo alluvial mine to locate the hardrock source or sources of the exceptional alluvial diamonds and the development of a second high value diamond mine at Mothae in Lesotho.

Source: DCLA

De Beers Sales Slip to $440M

De Beers recorded its lowest-value sales cycle this year as weak Indian demand prompted it to drop prices of cheaper goods.

Proceeds fell to $440 million in November as the miner reduced prices by high-single-digit percentages for rough diamonds costing $100 per carat or less, sightholders said last week.

The Indian manufacturing sector has struggled with thinning profit margins due to relatively high rough prices and the weak rupee, while tighter bank lending has further contributed to a decline in demand.

November is also seasonally slow as factories close for the Diwali festival.

Proceeds from the ninth sales cycle fell 6% compared with the equivalent period a year ago, and were down 9% versus the $482 million it garnered in October, De Beers reported Tuesday.

“As the industry’s focus turns towards the key end-of-year retail selling season, rough-diamond sales continued to be in line with expectation during the ninth cycle of the year,” said De Beers CEO Bruce Cleaver.

“While demand for smaller, lower-quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali.”

Rough-diamond sales came to $4.85 billion for the first nine cycles of the year, in line with a year ago, according to Rapaport calculations. The company offers its rough goods at 10 sales cycles across the year, mainly at sights in Gaborone, Botswana. Its sales figures also include auction proceeds.

Image: A De Beers sightholder examines a parcel of rough diamonds. (Kieran Doherty/De Beers)

Source: Diamonds.net

De Beers Sales Slip to $440M

De Beers recorded its lowest-value sales cycle this year as weak Indian demand prompted it to drop prices of cheaper goods.

Proceeds fell to $440 million in November as the miner reduced prices by high-single-digit percentages for rough diamonds costing $100 per carat or less, sightholders said last week.

The Indian manufacturing sector has struggled with thinning profit margins due to relatively high rough prices and the weak rupee, while tighter bank lending has further contributed to a decline in demand.

November is also seasonally slow as factories close for the Diwali festival.

Proceeds from the ninth sales cycle fell 6% compared with the equivalent period a year ago, and were down 9% versus the $482 million it garnered in October, De Beers reported Tuesday.

“As the industry’s focus turns towards the key end-of-year retail selling season, rough-diamond sales continued to be in line with expectation during the ninth cycle of the year,” said De Beers CEO Bruce Cleaver.

“While demand for smaller, lower-quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali.”

Rough-diamond sales came to $4.85 billion for the first nine cycles of the year, in line with a year ago, according to Rapaport calculations. The company offers its rough goods at 10 sales cycles across the year, mainly at sights in Gaborone, Botswana. Its sales figures also include auction proceeds.

Image: A De Beers sightholder examines a parcel of rough diamonds. (Kieran Doherty/De Beers)

Source: Diamonds.net

Mumbai Exchange Mulls Lifting Synthetics Ban

Mumbai’s Bharat Diamond Bourse (BDB) is considering allowing synthetic-diamond trading on the exchange premises, its president told Rapaport News.

Some members have asked management to reconsider its 2015 ban on selling lab-grown diamonds anywhere in the BDB’s vast office complex, Anoop Mehta said this week. The bourse will consult with members after the Diwali vacation season, and could call a vote in the first quarter of next year, he added.

“One of the prime reasons [for outlawing lab-grown diamonds] was that detection was a major problem at that time,” Mehta explained. “Detection has come a long way, so we will relook at it.”

Most diamantaires are unlikely to back the change as it would damage their business, according to a trader at a member company, who was not aware that the matter was on the table.

The bourse expects to brief members in informal meetings in December once traders have returned from Diwali, Mehta said. It will also use those events to discuss the issues and ensure voters make an informed decision, he added.

The BDB declared the bourse a “natural-diamond zone” in October 2015, claiming it was the first exchange to do so.

Which exchanges allow trading in laboratory-grown diamonds?

Belgium: Antwerp’s bourses admit companies that trade synthetics, provided that they give full product disclosure.
Dubai: The Dubai Diamond Exchange doesn’t track whether traders are dealing in natural or lab-grown diamonds, but members must comply with its bylaws and make appropriate disclosures.
Hong Kong: The Diamond Federation of Hong Kong, China, does not currently admit lab-grown-diamond companies to its membership.
India: The Bharat Diamond Bourse banned synthetics from the entire complex in 2015, and is now considering requests to change that.
Israel: Members can’t deal in synthetics on the Israel Diamond Exchange trading floor, but the rule doesn’t apply to offices in the bourse building.
US: The Diamond Dealers Club of New York had not confirmed its policy to Rapaport News at press time.
Sources: Bourse and organization spokespeople