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Rio Tinto's diamond production up by 58% in Q4 2017

Announcing its fourth-quarter production results, mining major Rio Tinto has announced that its diamond production for the period under review amounted to 7.20 mn carats as compared to 4.57 mn carats in the Q4 of 2016, an increase of 58 percent.

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DDA Trading Bvba announced the sale of the Namibian marine rough diamond production

DDA Trading Bvba announced the sale of the Namibian marine rough diamonds from IMDH (International Mining and Dredging Holdings Ltd).

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FAS requests to amend terms of ALROSA gas assets auction from Finance Ministry

(vedomosti.ru) - Russia’s Federal Antimonopoly Service (FAS) asked the Ministry of Finance to amend the terms of the ALROSA gas assets auction. The body cannot continue its examination of these terms after Rosneft has withdrawn its complaint...

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Signet Holiday Sales Disappoint

Signet Jewelers’ holiday sales fell 3% as issues relating to outsourcing its credit transactions adversely impacted the business.

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Zim anti-graft body after ex mines minister for ‘looting’ Marange diamonds

The Zimbabwe Anti-Corruption Commission (Zacc) is probing the country’s former mines minister Walter Chidhakwa over diamonds that allegedly disappeared from Government vaults during his stint at the ministry.

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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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