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...


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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