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Dominion Diamond Corp: $1.1B takeover bid rejected

Canada-based diamond miner Dominion Diamond Corp has knocked back a $US1.1B, $13.50-a-share take-over bid from The Washington Companies, a diverse, privately-held Missoula, Montana, US-based group of privately held North American mining, industrial and...

24 march 2017

ALROSA has no intention to increase dividends

ALROSA, the world’s largest diamond mining company, said in a statement released on Thursday that it is not going to increase dividend payments up to 75%.

24 march 2017

Rapaport Auctions sells 83,000 carats of diamonds worth $12.5M at Hong Kong March show

Rapaport Auctions, a leading dealer of recycled diamonds, sold over 83,000 carats of polished diamonds for $12.5M at the Hong Kong jewelry show in March.

24 march 2017

Stellar raises £183,751 from placing, short of target

Stellar Diamonds said it conditionally raised £183,751 gross of expenses from 3,340,931 ordinary shares sold at a price of 5.5 pence per share.

24 march 2017

Hari Krishna Group wins two awards at the 43rd GJEPC Awards

Hari Krishna Group has added yet another feather to its cap by winning two awards at the 43rd GJEPC Awards event, which was held at Hotel Trident on 18th March, 2017 here in Mumbai.

24 march 2017

A Fake Jerome and real diamonds?

17 february 2017
(polishedprices.com) - Mining Weekly reports that the Diamond Producers Association is lobbying for its advertising fund to be raised tenfold from $6 million to $60 million. The article refers to the fact that overtime De Beers had cut its marketing budget in half to $100 million before effectively stopping generic advertising, all one of the disastrous consequences of their Supplier of Choice strategy in 2001. My understanding is that De Beers no longer owns the ‘Diamonds are Forever’ slogan, which they transferred into De Beers LV or the jewellery business, instead we have got the Coke muse, about ‘Real’… who wants dreams to be real? In the FT it has been reported that Sotheby’s is suing to reclaim the proceeds of the sale for a painting of Saint Jerome that has subsequently proved to be a fraud. Lastly, I read this headline in Vogue, “This is your new source for conflict free ethical (and gorgeous) engagement rings”. It does not take a genius to guess that they are referring to Lab grown diamonds, or as the trade likes to use the pejorative term, synthetic diamonds. To me these three bits of news or information, which I presume bypass the fashion for fake information, though it is difficult to comprehend how anyone thinks raising advertising spend to $60 million, given the absence of coordinated generic advertising for so long, can make much difference.

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