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.


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).


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 The body cannot continue its examination of these terms after Rosneft has withdrawn its complaint...


Signet Holiday Sales Disappoint

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


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.


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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