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Botswana Diamonds decries dearth of funding for diamond exploration

Botswana Diamonds said there is a “very little” appetite for funding diamond exploration by financiers.

Yesterday

Pallinghurst gets strong backing for Gemfields takeover

Pallinghurst said it received 96 percent support from its shareholders for the Gemfields takeover – making its offer wholly unconditional.

Yesterday

Mountain Province Diamonds Inc. announced the results of its recently completed fifth diamond sale.

The results from the fifth sale are elevated in part from the inclusion of a selection of the fancies and specials won by the Company otherwise scheduled for inclusion in the sixth sale, which will occur in the second half of July.  

Yesterday

Christie’s Sells Rockefeller Emerald For $5.5M, Sets Auction Record Per Carat Price

The top sale at Christie’s New York Magnificent Jewels was the Rockefeller Emerald, sold on behalf of a private American collector to jeweler Harry Winston, for $5,511,500, which set a new world auction record per carat of $305,000.

Yesterday

Birks’ US Stores Drive Growth

Birks Group’s revenue grew in the past fiscal year as the Canadian retailer significantly increased its sales in the US.

Yesterday

Diamond Industry’s Famous Hungry Crocodile Doesn't Cut It

21 april 2017
(bloomberg.com) - The diamond industry’s most famous chart is the hungry crocodile, the ancient reptile’s jaws wide open, reflecting both a predicted shortage of gems and the inevitable price rises that will come with it. Not only has this chart, which has been an industry staple for more than a decade and promoted by big miners like BHP Billiton Ltd., Rio Tinto Group and De Beers, never materialized, it oversimplifies the fact that the industry’s 15,000 different categories of diamonds are performing in very different ways. That divergent trend has accelerated in the past year. Recently, a mine producing lower quality stones was shut due to a dip in prices, while top producer De Beers has been forced to offer unprecedented concessions to its customers. Both events show the chart is less relevant today than ever before.

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