ALROSA to revise output plan at its International underground mine due to stricter health and safety policy

ALROSA's management decided to revise output plan at its International underground mine as the company toughens its approach to health and safety management, though its 2018 production plan remains unchanged.


Lucara rakes in $32.5 mln from exceptional stone tender

Lucara Diamond said it earned $32.5 million from 1,453.06 carats, included two diamonds greater than 300 carats, sold at its 12th exceptional stone tender.


Gem Diamonds pays out $18.3 mln to Botswana, Lesotho gvts

Gem Diamonds said it paid $18.3 million to Botswana and Lesotho governments for diamond mining activities in the financial year ended December 31, 2017.


ZCDC pacifies angry Marange community with $5 mln diamond cash

The state-owned Zimbabwe Consolidated Diamond Company (ZCDC) has handed over $5 million to the Marange-Zimunya Community Share Trust, according to local news reports.


Trans Hex projects increase in FY loss

Trans Hex, which will release its results on Thursday, is set to report a loss per share of 175.6 cents for the financial year ended March 31 compared to a loss per share of 173.5 cents in the previous corresponding period, representing an increase in...


December 2017 Market Report

10 january 2018
(ehudlaniado.com) - The diamond market finally improved towards the end of the year, thanks to the holiday season. Unfortunately, that only happened late in December. Traders reported good demand, and inventories have finally decreased meaningfully. Both ALROSA and De Beers reduced supply of rough diamonds to the market in the final month of the year. Retailers provided mixed reports, although overall the holiday season went well. Signet stated that its third quarter sales decreased, while Pandora reported a 5% rise in same store sales. Richemont, Tiffany and other high-end jewelry retailers are expected to report good to strong sales in the fourth quarter.


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