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.


Rapaport Weekly Market Comment

12 january 2018
(diamonds.net) - Diamond trading steady after positive US retail season. Signet disappoints again as Nov.-Dec. sales -3% to $1.9B due to glitches in outsourced credit program, lower sales of Ever Us line, and less effective promotions. Department stores rebound, with Macy’s and J.C. Penney seeing jewelry growth. Richemont jewelry maisons’ 3Q sales +5% to $2.2B. Rising expectations for Chinese New Year (Feb. 16) after Chow Tai Fook 3Q sales +12% in China, flat in Hong Kong/Macau. Strong rough demand anticipated at Jan. Alrosa and De Beers sales, with manufacturers ready to raise production for 1Q stock replenishment. Shmuel Schnitzer steps down as chairman of Israel Diamond Institute.


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