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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Jewelers must say whether diamonds are mined or synthetic: U.S. FTC

04 april 2019
(Reuters) - The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, said on Tuesday that it has sent warning letters to eight companies to insist that they distinguish in advertisements between diamonds that come from mines and those made in laboratories. The FTC said that it had found instances where the eight companies advertised diamond jewelry “without clearly and conspicuously disclosing that the diamonds are laboratory-created,” according to the letter. The agency declined to identify the recipients of the letters. An unredacted version of one of the letters seen by Reuters identified that recipient as Diamond Foundry, a California company that makes laboratory diamonds.