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.


Global Diamond Supply Expected to Decrease 3.4% to 147M Carats in 2018

13 march 2018

(paulzimnisky.com) - Coming off of 2017, a year in which global diamond supply by volume increased by 11.7% year-over-year, supply is forecast to contract by 3.4% to 147M carats in 2018 (see appendix at bottom for itemized analysis by mine). Out of the world's top three diamond miners by volume, only De Beers is expected to increase production this year, while diamond output at Russia's ALROSA (MICEX: ALRS) and diversified-major Rio Tinto (LSE: RIO) is estimated to decline, more than offsetting De Beers' increase. Combined, the three companies represent approximately 70% of global diamond supply by volume.


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