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.

Today

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.

Today

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.

Today

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.

Today

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.

Today

Household net worth falls by largest amount since the Great Recession, new Fed data shows

05 april 2019
(The Washington Post) - Total household net worth in the fourth quarter of 2018 dropped by the largest amount since the fourth quarter of 2008 when the country was amid a steep recession, according to data released by the Federal Reserve. Total household net worth is a measure of the assets — such as homes, stocks and bank accounts — owned by American families and nonprofits minus their debts. In the fourth quarter of 2018, it fell by about $3.7 trillion, a 3.5 percent quarterly decline. Going back to 1952, the start of the Fed’s data, only three quarters — the third and fourth quarters of 2008, and the second quarter of 1962 — posted bigger declines in household net worth, percentage-wise.