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ALROSA Investor Day 2016: Long live publicity!

The Investor Day is an annual event, during which an investment community has an opportunity to get acquainted with detailed operating results produced by an issuer of interest, inquire outlooks and ask questions directly to the company’s management...

Yesterday

You win some, you lose some

The month of March began with the Union Budget 2016-17 being a damp squib as many areas in the gem & jewellery sector have not been addressed, including the 1% excise duty levy on jewellery. The Indian gem & jewellery industry was unhappy as...

25 april 2016

Big boost for world's top diamond miner

(mining.com) - Alrosa (MCX:ALRS), the world's top diamond producer by output, received a shot in the arm on Wednesday after ratings agency Moody's upgraded the miner's credit rating by two notches. Moody's upgrade brings the debt rating of Alrosa which is 77%-owned...

30 april 2016

Barclays renews appetite to finance diamond traders

(Mmegionline) - At a time when most financers are trimming exposure in the diamond sector, Barclays Bank Botswana has expressed a fresh appetite to finance rough...

29 april 2016

Venezuela Poised to Reenter Kimberley Process with Eye Towards New Diamond Mining

(venezuelanalysis.com) – Venezuela concluded a week of meetings with representatives of the Kimberley Process on April 15, 2016 in what has been hailed as the final steps towards the...

28 april 2016

India’s Gems & Jewellery exports declines by 3.5%; cut and polished diamond exports slides down 13.7%

29 april 2016

The Gem & Jewellery Export Promotion Council (GJEPC) of India released the annual export performance report for FY2016 in the presence of Chairman Praveenshankar Pandya, Vice Chairman Russell Mehta and other Directors.

US consumers’ appetite for diamond jewellery hit new record level – De Beers

29 april 2016

De Beers said diamond jewellery demand by US consumers hit a record level of $39 billion last year.

Petra Diamonds boosts Q3 output, revenue

29 april 2016

Petra Diamonds said its production for the third quarter of fiscal year 2016 leaped 26 percent to 995,905 carats compared to 791,443 carats, a year earlier.

De Beers IIDGR Diamond Grading Reports to be listed on RapNet

29 april 2016

De Beers announced Monday that diamonds with grading reports from its International Institute of Diamond Grading and Research (IIDGR) laboratories can now be uploaded to RapNet – Rapaport’s Diamond Trading Network.

‘Jubilee Ruby’ fetches $14M at Christie’s New York

29 april 2016

A 15.99-carat Burmese ruby sold for $14.2 million at Christie’s New York Magnificent Jewels auction in New York on April 20.

Belgium and Angola continue growing cooperation in mining sector

29 april 2016

Belgian Deputy Prime Minister and Minister of Foreign Affairs Didier Reynders recently concluded a visit to Angola and said that the European country wanted to cooperate with the African state’s mining sector, particularly diamonds, according to a report on AllAfrica.com.

Moody's upgrades ALROSA's rating to Ba1

28 april 2016

Moody's Investors Service has upgraded Russian diamond mining company ALROSA PJSC's corporate family rating (CFR) to Ba1 from Ba2 and probability of default rating (PDR) to Ba1-PD from Ba2-PD.

Upcoming World Diamond Congress to focus on finance issues

28 april 2016

In the 37th World Diamond Congress (May 16 to 19), the biennial meeting of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), financing matters are set to be high on the agenda for discussions.

Diamonds performing ‘a little bit better’ than most commodities – Deloitte analyst

Liquidity crunch and a sluggish Chinese economic growth, inter-alia, dampened the appetite for rough diamonds last year. Mining analyst and partner at Deloitte Tony Zoghby told Rough & Polished’s Mathew Nyaungwa that despite the depression, diamonds...

25 april 2016

“If consumers lose confidence in diamonds, both the products, natural and synthetic, will be badly hit,” warns Sanjay Kothari, Spokesperson NDMC

For a sector, which grew from just a cottage industry to one of the largest diamond manufacturing industry in the world, India’s diamond industry was, till not long ago, looked at globally with awe as an industry which operated purely on trust. Today...

18 april 2016

Valery Budny: "I really believe in Russian entrepreneurs"

Being a media holding in the field of jewelry and watch industry and trade, RESTEC JUNWEX combines such activities as holding exhibitions and conferences, publishing magazines, operating Internet resources and providing consulting services. It runs Russia’s...

11 april 2016

Ghanaian firm seeks to resuscitate Akwatia diamond mine

Great Consolidated Diamonds (GCD), formerly known as Ghana Consolidated Diamonds, is the West African country’s only commercial diamond company. It owns the Akwatia diamond mine, which produced more than 100-million carats of diamonds since the inception...

04 april 2016

We allowed things to go wrong at the beginning – Ex Zim Fin Minister on Marange diamond mining

When Zimbabwe discovered the vast Marange diamond fields in 2006, there was so much hope that the gems would bring economic relief as was the case in the neighbouring Botswana. However, what happened is no secret and President Robert Mugabe recently...

28 march 2016