ABN AMRO predicts uncertain future for diamond industry

The global diamond industry has moved from a relatively stable environment to a highly uncertain environment due to lab-grown diamonds, according to The Diamond Insights report published by ABN AMRO Bank recently.

Today

Signet registers drop in its sales during the holiday season

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, has announced its sales results for the holiday season, that ended January 5, 2019.

Today

ALROSA earns $463 mln at international auctions in 2018

In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.

Today

TDC warns entities declaring bankruptcy and restarting business without discharging liabilities

The Trade Disciplinary Committee set up in India has issued a circular for members of the respective organisations intimating them that action will be taken against entities which have declared bankruptcy/insolvency, and continue to conduct business...

Yesterday

Angola extracted 9.43 mln carats of diamonds worth $1.2 bln in 2018 – report

Angola produced 9.43 million carats worth $1.2 billion in 2018, according to Macauhub citing the state-owned diamond company Endiama.

Yesterday

Engineering powerhouse dazzles on diamond delivery

10 january 2019
(miningreview.com) - Mining and metals engineering powerhouse Fluor, through its South African office, has consistently undertaken at least one major diamond project across the project scope spectrum every year since 2008 – a true reflection that Fluor South Africa is a leading expert in diamond mining in the region. The company is now in the process of finalising a solution for Gem Diamonds’ Letšeng mine in Lesotho which will greatly improve the mine’s operating efficiency and diamond recovery, Fluor technical process manager Etienne Bredell tells Laura Cornish.