ALROSA holds a conference call on the results of 2017 under IFRS

During the conference call on ALROSA’s results in 2017 in line with the IFRS, the diamond miner's management informed there would be no changes in the dividend policy to be followed by the company in 2018 and dividends would not exceed 50% of...


Angola-based Catoca loses potential revenue of $450m due to economic crisis – report

Sociedade Mineira da Catoca deputy director-general, António Galiano said the diamond mining company lost a potential revenue of $450 million over the last few years due to the economic and financial crisis that Angola is experiencing.


Angola’s Lulo diamond sales drop 38% to $31.6 m in 2017

Angola’s Sociedade Mineira Do Lulo (SML), which is operated by Lucapa Diamond in partnership with Endiama and Rosas & Petalas, registered a 38-percent drop in diamond sales to $31.6 million last year compared with $51 million, a year earlier...


Zim police chief professes ignorance over Marange diamond mine

Zimbabwe Republic Police (ZRP)’s new commissioner-general Godwin Matanga said he doesn’t know that they own Gye Nyame diamond company in Marange.


Bharat Diamond Week participants to benefit from new direct flights to India

A new direct flight between Israel and India will give a boost to the first-ever edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India.


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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