Lucara diamond mine renewal approved

Lucara has announced that the application for the renewal of its Karowe mining licence has been approved for a period of 25 years. The new licence will allow Lucara to continue mining for diamonds until 2046 and marks a “critical step” in the formal sanction of the Karowe underground expansion…

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Chancellor unveils £4.6bn in new lockdown grants

Businesses in the retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000, the chancellor has announced. The news comes after the prime minister’s announcement that businesses will be closed until at least February half-term in order to help control the spread of Covid-19. This…

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Hancocks London launches January jewel of the month

Hancocks London has released its Jewel of the Month series which features a Scottish Gold Hardstone Bulla-Style Locket Fringed Pendant, priced at £3,850. Dated back to circa 1870, the pendant measures 3.6cm in width with an “Etruscan-inspired bulla” design which features a flower motif with a gold bead centre surrounded…

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Diamond trading slows over Christmas

Diamond trading slowed down over the holiday season as the industry shifted focus to retail and as diamantaires took their end-of-year break, according to Rapaport USA. The volume of 1-carat diamonds on RapNet declined 24% in the second half of 2020, with the top 10% of diamonds in that category…

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Pandora FY results to exceed previous guidance

Pandora has revealed it expects its financial results for 2020 to exceed the high end guidance range of “-14% to -17%”. The luxury jewellery brand began 2020’s Q4 with “positive” organic growth in October and November, with December being impacted by the phasing of revenue. On average, more than 10%…

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Alrosa joins Shanghai Diamond Exchange

Alrosa has announced it recently became a member of the Shanghai Diamond Exchange (SDE), a move which will see the group receive more trading opportunities in mainland China. The membership reportedly provides a “great advantage” for direct trade in rough and polished diamonds in mainland China, as well as strengthening…

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Matilde Mourinho launches eponymous jewellery brand

Matilde Faria Mourinho Felix, daughter of legendary football manager José Mourinho, has launched a new sustainable jewellery brand. Named ‘Matilde’, the brand has been made to “inspire change” in an industry known for its “devastating impact” on the environment and communities around the world. ‘Matilde’ uses recycled gold and lab-grown…

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Lucapa recovers seven diamonds and 72 chromites in Australia

Lucapa has announced that seven diamonds and 72 chromites were recovered from a recent loam and stream sampling at the Brooking diamond province in West Kimberley, Australia. The diamond company had previously announced that alongside its partners, it had already identified diamondiferous lamproite at Brooking, where over 1,200 micro and…

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BLM-inspired jewellery training programme set to launch

The National Association of Jewellers (NAJ) has partnered with the Black Jewellery Quarter to launch “culturally relevant” jewellery training to young adults in Birmingham, inspired by the Black Lives Matter movement. Norman Jean Baton approached the trade body for support in delivering the training under the banner of the MasterPeace…

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BlueRock Diamonds recovers two ‘exceptional’ gems

BlueRock Diamonds has announced that the Kareevlei diamond mine has recovered two gem quality exceptional stones of 14.8 carats and 8.7 carats. The company which was founded in 2012, has been producing exceptional quality diamonds and out of its mine near Kimberley in South Africa. The Kareevlei licence area covers…

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