Petra Diamonds sees positive cash flow in H2

Petra Diamonds is expected to be cash flow positive in the second half of the year, which will help the company start working on future developments.

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Cluev to create a yellow diamond ring weighing 30 carats mined by ALROSA

Jewelry Maison Cluev purchased a yellow diamond weighing 30.19 carats mined and cut by the Russian diamond mining company ALROSA to create a diamond ring.

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ALROSA launches new diamond deposit in Yakutia

ALROSA, the world’s largest diamond mining company, launched diamond production at Zarya pipe, Aikhal Mining and Processing Division.

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No plans to mine diamonds in CAR – De Beers

De Beers has no plans to mine diamonds in the Central African Republic (CAR), a company spokesperson has said.

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Rio Tinto’s diamond production down 18% in Q1

Rio Tinto’s diamond production for the first quarter of 2019 ended March 31, 2019, dropped by 18% to 3.8 mln carats as against 4.6 mn cts registered in Q1 2018.

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De Beers VP Says Slowdown in Smalls is Largely Cyclical, Not Due to Impact of Lab-grown Diamonds

20 march 2019
(gjepc.org) - The segment of the diamond industry dealing in lower-priced and smaller-sized stones has gone through a rather difficult phase over the last few months. While the most recent sales figures released by De Beers and Alrosa, as well as the trading statistics from AWDC, indicate that there could be some signs of a turnaround, however weak, the market is still far below the levels of a year ago. What were the reasons for the slowdown? Are they reflecting the start of a longer-term shift in the industry brought about by the growth of synthetics or lab-grown diamonds? Will the market for small natural diamonds regain some sort of stable equilibrium?