Trans Hex Group’s Loss for FY 2017 Widens to R182.6 Mn
For the year ended March 31, 2017, the Trans Hex Group reported a loss of R182.6 million as compared to a loss of R100.8 million incurred in the previous fiscal.
The loss per share amounted...
Gemfields’ Independent Committee to Shareholders: ‘Seriously Consider’ Pallinghurst Offer
The Independent Committee of Gemfields plc has advised its shareholders to “seriously consider” whether to accept the Pallinghurst offer after reiterating its view that it “significantly undervalues” the Company and warning them about the...
Mountain Province’s Fifth Sale of Rough Diamonds Earns Revenue of US$ 21.1 Mn
Mountain Province Diamonds Inc. for its recently completed fifth diamond sale (June 2017) of Gahcho Kué diamonds, earned US$ 21.1 million for 222,000 carats, as compared to a revenue of...
Golden Saint Recovers Alluvial Diamonds from Tongo site in Sierra Leone
Golden Saint Resources Ltd, the junior mining company focused on exploration for diamonds and gold in West Africa, has announced the recovery of 14 more diamonds weighing a total of 10.46 carats from its...
Firestone Extends Standby Facility Provided by Resource Capital Fund VI L.P.
Firestone Diamonds plc announced yesterday that it has extended its current standby facility of US$ 15.0 million provided by Resource Capital Fund VI L.P. (RCF) which is due to expire on June 30,...
New Thailand Gems & Jewelry Fair 2017 Has Successful Start
The inaugural edition of the Thailand Gems & Jewelry Fair 2017, which was held from June 15 to 18 at IMPACT Challenger 2, Muang Thong Thani, Bangkok, was a success, attracting nearly 13,000 visitors...
Piece of the Week: Buddha Mama’s Lantern Box Ring
All of the elements that make a Buddha Mama piece so distinctive are represented in this Piece of the Week ring: a major gemstone, rich gold, a heavy dose of enamel and plenty of...
De Beers Will Invest in Start-Ups
De Beers Group has just formed De Beers Ventures, a new effort that will acquire minority equity stakes in businesses that target the diamond midstream and downstream.
Among the companies it’s interested in sinking money...
Rockefeller Emerald Sets Auction Record
The Rockefeller Emerald snared $5.5 million ($305,000 per carat), at Christie’s June 20 auction in New York City, setting a new per-carat record for an emerald.
That was within its announced $4 million to $6...
Timex and SilMach set to shake up watch industry with new technology
Watch designer Timex has partnered with SilMach, French pioneer in micro-electro-mechanical-systems (MEMS) to create the first MEMS powered watch.
The timepieces will utilise MEMS watch motors (boxes) and will be the first brand to use...
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