DIAMONDS.NET: The diamond industry must invest in new products and ethically sourced natural diamonds to boost profitability and counter the growth of synthetics, Martin Rapaport, Chairman of the Rapaport Group, stressed at the annual Rapaport Breakfast in Las Vegas. June 2019
RAPAPORT… Lucapa Diamond Company garnered $10 million at its second rough sale of 2019, achieving an average price of $1,800 per carat.
MINING.COM;Acacia Mining is Tanzania’s biggest gold producer and operates three major mines in the country — Bulyanhulu, Buzwagi (pictured) and North Mara. (Image courtesy of Acacia Mining.)Tanzania will no longer allow Acacia Mining Plc to manage its mines in the country and will only work with the company’s parent, Barrick Gold Corp., to resolve the two-year impasse that has stymied operations, a government spokesman said.
STAY UP TO DATE WITH NEWS FROM THE INDUSTRY AROUND THE WORLD THROUGH US
RAPAPORT… The RapNet community has voted overwhelmingly against introducing services for the lab-grown-diamond sector.
Members voted by 79% to 21% against the trading platform listing synthetics on the site. They also rejected a lab-grown price list, with 74% voting “no.”Photo courtesy of GIA
MINING.COM;Tanzania intends to collect 470.9 billion shillings ($205.5 million) from minerals in 2019-20, compared with a projected income of 310.6 billion shillings in the fiscal year ending June 30.
The East African nation plans to boost production and exports, open new mineral trading centers, curb smuggling and ensure closer supervision of the industry, Mining Minister Doto Biteko told lawmakers Monday. By the end of March, Tanzania had collected 244.3 billion shillings from the industry, he said.
ICA;The International Colored Gemstone Association is proud to announce its next Congress, to be held in Bangkok, Thailand on OCT 12-15th 2019 at the Shangri La Hotel.