De Beers rough diamond sales for Cycle 3, 2017
De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the third sales cycle of 2017.
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De Beers cuts sightholder allocations
De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia.
2016 diamond pipeline – survival in the absence of growth
“Survival in the Absence of Growth” was the subject of a panel discussion at the recent Mumbai “Mines to Market Conference.” It certainly summarized succinctly the diamond industry’s 2016 performance. The full 2016 Pipeline article is published in Diamond Intelligence Briefs.
Dominion Diamond turns down takeover
Dominion Diamond Corporation has publicly rebuffed a $1.1. billion takeover bid from Washington Companies, saying the Missoula, Mont.–based conglomerate lacks the industry know-how to run the Canadian diamond miner.
‘Mines to Market’ forum highlights
India’s Gem & Jewellery Export Promotion Council (GJEPC) is celebrating 50 years by hosting leaders from across the diamond industry. Rapaport News presents live updates from the two-day conference covering mining, manufacturing, marketing and politics.
Agarwal to buy $2.5B stake in Anglo American
Shares in Anglo American rose 9 percent on Thursday after Indian billionaire Anil Agarwal announced his intention to invest $2.45 billion (GBP 2 billion) in the mining conglomerate.
Alrosa posts 41-percent jump in revenue to $5.4 billion in 2016
Alrosa reported a 41-percent jump in revenue to 317.1 billion rubles ($5.4 billion) for 2016 IFRS (International Financial Reporting Standards) results.
De Beers rough diamond sales for Cycle 2, 2017
The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2017.
Top russian official: ALROSA’s Zharkov to be replaced by Sergey Ivanov
Russia’s Deputy Prime Minister Yury Trutnev has confirmed that Alrosa President Andrey Zharkov will be replaced by Sergey Ivanov, currently the Senior Vice President of Sberbank. He made the comments to the TASS news agency on the sidelines of the Russian Investment Forum in Sochi on Monday.
Diamond Services expanding screening services for synthetic rough diamonds
Diamond Services said it is expanding its synthetic screening service for rough diamonds at its facilities in Hong Kong and New York as evidence continues to mount about a surge in the volume of uncut synthetic diamonds entering the marketplace.
ALROSA president Zharkov to step down
Andrey Zharkov will resign as president of ALROSA, a source close to the Russian diamond miner said. Zharkov’s three-year term as president expires in May 2018, but the timing of his departure is unclear, the source said in an email to Rapaport News on Tuesday.
De Beers profit jumps as diamond market stabilizes
Profit more than doubled for De Beers last year as trading conditions in the diamond-manufacturing sector improved and inventory levels stabilized.