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Plan to promote Responsible sourcing

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CIBJO President lays out Comprehensive plan A key step: Responsible Sourcing Blue Book Speaking in Paris to a plenary session of the 13th Forum on Responsible Mineral Supply Chains of the Organisation for Economic Co-operation and Development (OECD), CIBJO President Gaetano Cavalieri has delineated a comprehensive plan for promoting responsible sourcing practices throughout the jewellery, gemstone and precious metals sectors, which includes the release this past January of CIBJO's new Responsible Sourcing Blue Book, and an online platform that will provide a set of dedicated due diligence tools free of charge to the industry. The CIBJO President was speaking during a special session on the first day of the OECD forum at which select stakeholders provided details about current and updated projects. The session was moderated by Guus Houtluin, a senior advisor on trade issues at the European Action Service (EEAS). In his presentation, the CIBJO president poi

Gold production tumbles by 13%

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Acacia 1Q produces 104899 oz of gold According to Acacia, “We achieved gold production of 104,899 ounces for the first quarter of the year. While historically our production is typically stronger in the second half of the year, production this quarter was impacted by unanticipated production issues at our North Mara mine. We have taken immediate steps to address these, introducing a revised mining plan in mid-March for both the underground and open pit mines, and we remain confident of delivering against our full year production guidance of 500K to 550K ounces. I would also like to thank our people for their commitment during these times of uncertainty,” said Peter Geleta, Interim Chief Executive Officer.” Gold production for the quarter of 104,899 ounces was 13% below the prior year period mainly due to lower production at North Mara and Buzwagi. Gold ounces sold for the quarter of 104,985 ounces were in line with production.

The Okavango Blue revealed!

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An exceptional oval shaped 20 carat blue diamond by ODC A remarkable oval shaped blue diamond weighing over 20 carats has today been unveiled to the world by Okavango Diamond Company (ODC) in Gaborone, Botswana - the biggest blue diamond discovery ever made in Botswana. The Botswana sourced; natural diamond’s striking colour has been graded as a Type IIb, Fancy Deep Blue. The Gemological Institute of America (GIA) has graded the diamond as an Oval Brilliant Cut, VVS2 clarity making it one of the highest polished colour classifications attainable for any blue diamond and at 20.46 carats it sits in the very top bracket of all-time historical blue diamond finds. The diamond was discovered at Botswana’s Orapa mine as a 41.11 carat rough stone. Its unique and vibrant blue colour is created by the molecular inclusion of the rare mineral boron which between 1-3 billion years ago was present in the rocks of ancient oceans during violent diamond forming volcanic activity.

More opportunities in Sierra Leone

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Gemfair to create for Artisanal and small-scale miners Pilot scales up Operations on the ground GemFair, a pilot project developed by De Beers Group, that aims to create a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds, is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the opportunities the programme offers. The GemFair pilot provides ASM diamond miners with access to De Beers Group’s industry leading distribution channel, while seeking to improve ethical standards, working conditions and value for miners within the sector. GemFair has partnered with the Diamond Development Initiative (DDI), an NGO that has been instrumental in helping to formalise the diamond ASM sector in Africa. Following the launch of the pilot, where GemFair worked with 16 mine sites in Sierra Leone, the pilot has been extended in the past six months to work with a further 38 sites

Reliance Jewels opens in Lucknow

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A consolidated presence over 62 cities in India! Reliance Jewels, one of India’s most trusted jewellery brands, has launched its third showroom on Kanpur Road in Lucknow. The showroom was inaugurated by renowned personality Manisha Sharma, Mrs India Globe Classic 2017. After overwhelming love and support in Lucknow to showrooms in Hazratganj and Mahanagar, Reliance Jewels opens its largest showroom which caters to the new developed township south side of Lucknow. The new showroom is the largest in the city and spread over 2713square feet featuring stunning contemporary and traditional jewellery in wide range including gold and diamond. The brand has also unveiled an attractive inaugural offer of Flat 25% off* on Gold jewellery making charges and Upto 25%* on Diamond jewellery &also Free Gold Coin* for first 100 customers from 19th April to 7th May. (T&C Apply). The new showroom with its magnificent new look and designs spells grandeur. Unique lighting, eye

TAGS tender from the May 7

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A rough diamond tender untill May 14 TAGS will be holding a rough diamond tender at the Dubai Diamond Exchange in the Almas Tower in Dubai from the 7th May to the 14th May 2019. Two regular productions from South Africa and Angola will again be presented. All materials contain a significant number of large single stones and exceptional specials and are of high quality and high colour. TAGS are expecting in the region of 30,000 carats of South African goods and 25,000 carats of Angolan goods across a full range of sizes. The event should have a combined value in excess of US$40m; however final details will soon be forthcoming from the producers. Interested parties can contact TAGS website for bookings at their earliest convenience to schedule an appointment. The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website. TAGS say, “We act independently to ensure a fair, consistent and reputable e-Market with constantly evolving technology, sale

Rio Tinto reveals Argyle Octavia

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Argyle produced 28.84 carat white diamond Named Argyle Octavia & that will be sold by tender in Antwerp! Rio Tinto's iconic Argyle diamond mine has produced one of the largest gem quality white diamonds in its 35 year history. The 28.84 carat gem quality white diamond was recovered from the east Kimberley mine in March 2019. Named Argyle Octavia™ in recognition of its beautiful octahedral shape, this rough diamond will be sold by tender in Antwerp later this year. Arnaud Soirat, chief executive of Rio Tinto's Copper and Diamonds portfolio said "We are delighted with this discovery which is a testament to the extraordinary Argyle ore body that continues to deliver these miracles of nature, even as it nears the end of mine life." Rio Tinto's Argyle diamond mine, operating since 1983, is renowned as the world's largest coloured diamond mine, with a much more sporadic production of large white diamonds. Since commencement of the mine i