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India’s exports of G&J rises 9.8%; polished diamonds up 10.2% in FY17

India’s exports of Gems and Jewellery increased 9.85% to $43.16 bn in FY17 (provisional data in April 2016 to March 2017) vis-a-vis $39.24 bn in FY16 (April 2015 to March 2016). Gross exports of cut and polished diamonds in FY17 increased...

Today

Firestone Diamonds boosts Q3 Liqhobong output to 103,000 ct

Firestone Diamonds said it produced 103,000 carats during the third quarter of its fiscal year, including 31 special stones larger than 10.8 carats, from Liqhobong mine in Lesotho.

Yesterday

Mountain Province sales of Gahcho Kué diamonds in Q1 drop below expectations

Mountain Province Diamonds reported that its diamond sales from the Gahcho Kué project fell below expectations during the first quarter ended March 31, 2017.

Yesterday

Sociedade Mineira Do Lulo Q1 sales dip 54pc to $10.7m – Lucapa

Sociedade Mineira Do Lulo (SML), which is 40 percent-owned by Lucapa Diamond recorded a 54 percent drop in sales to $10.7 million during the first quarter of the year from $23.1 million, a year earlier.

Yesterday

Sotheby’s reported strong diamond sales at its New York auction

Sotheby’s New York auction fetched a total of $29 million in jewelry sales on Tuesday.

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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