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Diamonds net - Firestone Sells Second Batch of Rough Inventory

Firestone Sells Second Batch of Rough Inventory RAPAPORT. Firestone Diamonds observed positive pricing in its third fiscal quarter as the company depleted its rough stockpiles amid the continued closure of the Liqhobong mine in Lesotho. The miner sold the second of two inventory batches that it had been offering to customers as a test of the market’s recovery. Some 19,942 carats of mainly smaller, run-of-mine goods fetched $900,000 at an average price of $47 per carat the highest for that category since June 2018, Firestone said in a trading update last week. Still, sales for the third quarter ending March 31 were lower than the $3.6 million the company generated in the preceding three months. That period saw Firestone sell a larger parcel containing 43,269 carats, including higher-value special stones that drove an average price of $84 per carat.

Diamonds net - RJC Launches Task Force to Tackle UN Goals

RJC Launches Task Force to Tackle UN Goals RAPAPORT. The Responsible Jewellery Council (RJC) has unveiled a task force to help benchmark the progress of its members in the implementation of the 17 United Nations Sustainable Development Goals (SDGs). The group, which includes 26 industry leaders together with representatives of nongovernmental organizations, trade bodies and academia, will establish a platform to coordinate the joint efforts, according to an RJC statement. The council, which sets standards for the jewelry and watch supply chain, said the task force would also launch a library of best practices while building a unified reporting framework. “Nothing is more important than the continuous improvement in the integrity of the global jewelry supply chain to help strengthen consumer confidence and underpin its future with greater trust,” said RJC chair David Bouffard. “That is why the task force is critical to the future of our industry.”

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