ANGOLA’S ENDIAMA: WE WILL MAKE $1.5 BILLION FROM DIAMONDS THIS YEAR

Endiama, Angola‘s state owned diamond company, said it expects to make about $1.5 billion from carats sold in 2019, compared with $1.25 billion realised from 8.47 million carats sold in 2018, Rough & Polished reports.

Endiama, which produced 9.4 million carats last year, said in a presentation held at African Mining Indaba that it expects to produce 9.6 million carats in 2019. In 2018, the company was the world’s fifth largest diamond producer by value.

Late last December, ite was reported that in 2019, Angola will get a second diamond cutting and polishing factory. Neves Silva, the head of Angola’s state-run diamond company Sodiam, promised that the plant will initially be able to process 4,000 carats of rough diamonds per month.

 Currently, the Angola Polishing Diamonds factory is the only such facility in the country. The second plant, with an estimated cost of $10 million, “will start operating in August and will have a bigger capacity”, according to the same report.

Source: israelidiamond

ANGOLA’S ENDIAMA: WE WILL MAKE $1.5 BILLION FROM DIAMONDS THIS YEAR

Endiama, Angola‘s state owned diamond company, said it expects to make about $1.5 billion from carats sold in 2019, compared with $1.25 billion realised from 8.47 million carats sold in 2018, Rough & Polished reports.

Endiama, which produced 9.4 million carats last year, said in a presentation held at African Mining Indaba that it expects to produce 9.6 million carats in 2019. In 2018, the company was the world’s fifth largest diamond producer by value.

Late last December, ite was reported that in 2019, Angola will get a second diamond cutting and polishing factory. Neves Silva, the head of Angola’s state-run diamond company Sodiam, promised that the plant will initially be able to process 4,000 carats of rough diamonds per month.

 Currently, the Angola Polishing Diamonds factory is the only such facility in the country. The second plant, with an estimated cost of $10 million, “will start operating in August and will have a bigger capacity”, according to the same report.

Source: israelidiamond

CVD Diamond Ring HRD Antwerp Grades ‘World’s First Wearable CVD All Diamond Ring’

HRD Antwerp has graded what it says is the world’s first ring that is entirely made from a lab-grown diamond made by Dutch Diamond Technologies (DD).
‘Project D’, DD’s name for the ring, took a year to manufacture and was created in honor of the company’s 10th anniversary, HRD said.

“The ring was made from a large piece of a 155-carat rough CVD lab-grown diamond which was polished using laser cutting and traditional techniques into a ring which has 133 facets, compared to 57 for a standard brilliant cut,” HRD said. “The ring has a total weight of 3,865 carats. It wasn’t until 2017 that it became technically possible to grow large enough monocrystalline lab-grown diamond plates.

“This is not the first ring to be created from a single diamond. In 2011, Shawish, a Swiss jeweler, unveiled the world’s first wearable ring made from a single crystal of natural diamond. Additionally, another lab-grown ‘all diamond’ ring, called (RED), was conceived by the Diamond Foundry, but as far as we are aware, the production phase has not yet started.”

Ton Janssen, CEO of Dutch Diamond Technologies, said: “For our 10th anniversary we wanted to create something stunning that would highlight our innovative and high-tech techniques. I think we’ve more than succeeded with the one-off ‘Project D’ ring. It’s a true “European” ring: grown in Germany, cut in the Netherlands and graded by HRD Antwerp in Belgium. HRD Antwerp has a well-earned reputation for delivering a perfect grading system thanks to their sophisticated equipment and dedicated team.”

The quality and carat weight of CVD synthetic diamonds has increased significantly over the last 10 years, taking up to 5 weeks to grow a diamond plate of this exceptional size in a laboratory. Growing a diamond with the CVD process requires a heated mixture of hydrocarbon gas and hydrogen in a vacuum chamber at very low pressure and elevated temperatures (900-1200°), he explained.

“DD might be relatively new to cut diamonds for the jewelry market, but they have created an impressive ring for their 10th anniversary,” said Michel Janssens, CEO of HRD Antwerp. The outstanding cutting and polishing work has resulted in a brilliant light reflection which emphasizes the beauty of the ring.”

HRD Antwerp has thoroughly analyzed the ring and delivered the following grading results: clarity VVS2, color E, Fluorescence Nil, Polish very good and Symmetry excellent. A lab-grown diamond grading report is easily distinguishable from a natural diamond grading report by its green color cover, the lab added.

Source: idexonline.com

CVD Diamond Ring HRD Antwerp Grades ‘World’s First Wearable CVD All Diamond Ring’

HRD Antwerp has graded what it says is the world’s first ring that is entirely made from a lab-grown diamond made by Dutch Diamond Technologies (DD).
‘Project D’, DD’s name for the ring, took a year to manufacture and was created in honor of the company’s 10th anniversary, HRD said.

“The ring was made from a large piece of a 155-carat rough CVD lab-grown diamond which was polished using laser cutting and traditional techniques into a ring which has 133 facets, compared to 57 for a standard brilliant cut,” HRD said. “The ring has a total weight of 3,865 carats. It wasn’t until 2017 that it became technically possible to grow large enough monocrystalline lab-grown diamond plates.

“This is not the first ring to be created from a single diamond. In 2011, Shawish, a Swiss jeweler, unveiled the world’s first wearable ring made from a single crystal of natural diamond. Additionally, another lab-grown ‘all diamond’ ring, called (RED), was conceived by the Diamond Foundry, but as far as we are aware, the production phase has not yet started.”

Ton Janssen, CEO of Dutch Diamond Technologies, said: “For our 10th anniversary we wanted to create something stunning that would highlight our innovative and high-tech techniques. I think we’ve more than succeeded with the one-off ‘Project D’ ring. It’s a true “European” ring: grown in Germany, cut in the Netherlands and graded by HRD Antwerp in Belgium. HRD Antwerp has a well-earned reputation for delivering a perfect grading system thanks to their sophisticated equipment and dedicated team.”

The quality and carat weight of CVD synthetic diamonds has increased significantly over the last 10 years, taking up to 5 weeks to grow a diamond plate of this exceptional size in a laboratory. Growing a diamond with the CVD process requires a heated mixture of hydrocarbon gas and hydrogen in a vacuum chamber at very low pressure and elevated temperatures (900-1200°), he explained.

“DD might be relatively new to cut diamonds for the jewelry market, but they have created an impressive ring for their 10th anniversary,” said Michel Janssens, CEO of HRD Antwerp. The outstanding cutting and polishing work has resulted in a brilliant light reflection which emphasizes the beauty of the ring.”

HRD Antwerp has thoroughly analyzed the ring and delivered the following grading results: clarity VVS2, color E, Fluorescence Nil, Polish very good and Symmetry excellent. A lab-grown diamond grading report is easily distinguishable from a natural diamond grading report by its green color cover, the lab added.

Source: idexonline.com

Turkish court jails Irish tourist for swallowing $40,000 worth diamond in theft attempt

A Turkish court has sentenced an Irish man to more than eight years in prison for attempting to steal a diamond ring worth $40,000 from a jewellery store in Turkey’s southern Muğla province, Turkish newspaper Sabah reported  late Saturday.

Ian Cambell was on holiday in Muğla’s Marmaris district. The 54 year-old man attempted to steal a 2.5-carat diamond from a local jewellery store by swallowing it on Oct. 4, 2018. Turkish police arrested him immediately after the incident and he was later released on parole.

Campbell agreed to have the stone removed at a private hospital even though he was warned it could be risky and that he would have to pay for the procedure himself. After the diamond was removed, he was taken to court.

A Turkish court on Saturday sentenced him to 8 years and 9 months in prison for theft.

Campbell had earlier explained to a Turkish prosecutor that he swallowed the diamond because he “fell into trance” the moment he saw it.

“I fell into trance when I saw the diamonds. The jeweller was telling something to me but I couldn’t even hear him because I was in trance. When I was conscious again, I found myself hiding a diamond in my pocket and I swallowed it in panic as jewellers started to search it,” he was quoted as telling the prosecutor.

Source: ahvalnews

Turkish court jails Irish tourist for swallowing $40,000 worth diamond in theft attempt

A Turkish court has sentenced an Irish man to more than eight years in prison for attempting to steal a diamond ring worth $40,000 from a jewellery store in Turkey’s southern Muğla province, Turkish newspaper Sabah reported  late Saturday.

Ian Cambell was on holiday in Muğla’s Marmaris district. The 54 year-old man attempted to steal a 2.5-carat diamond from a local jewellery store by swallowing it on Oct. 4, 2018. Turkish police arrested him immediately after the incident and he was later released on parole.

Campbell agreed to have the stone removed at a private hospital even though he was warned it could be risky and that he would have to pay for the procedure himself. After the diamond was removed, he was taken to court.

A Turkish court on Saturday sentenced him to 8 years and 9 months in prison for theft.

Campbell had earlier explained to a Turkish prosecutor that he swallowed the diamond because he “fell into trance” the moment he saw it.

“I fell into trance when I saw the diamonds. The jeweller was telling something to me but I couldn’t even hear him because I was in trance. When I was conscious again, I found myself hiding a diamond in my pocket and I swallowed it in panic as jewellers started to search it,” he was quoted as telling the prosecutor.

Source: ahvalnews

ALROSA’s First Auction of Large Rough Diamonds of 2019 Raises $9.6M

ALROSA held its first auction this year for special size (over 10.8 carats) rough diamonds in Israel.

The company sold 92 large rough diamonds with a total weight of 1,570 carats. The overall revenue from sales amounted to $9.6 million. Firms from Israel, Russia, Hong Kong, Belgium, India, the United Arab Emirates and the United States participated in the auction, the miner said.

“The auction in Israel is the first in our schedule, and we are satisfied with its results,” said Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization at ALROSA.

“Until the end of the year, we will hold five more auctions here. We also continue to analyze the situation in the global diamond market and see some difficulties with demand, however, in the next two months we expect it to recover.”

In 2018, ALROSA held six auctions for special size rough diamonds in Israel, with revenue for the year reaching almost $90 million.

Source: DCLA