ALROSA to allocate 100% of free cash flow for second half-year of 2018 for dividends

Annual General Meeting of Shareholders of PJSC ALROSA decided to allocate 100% of free cash flow for the second half-year of 2018 for the period-end dividend – RUB 30.3 billion.

Today

De Beers diamond sales continue to weaken

De Beers’ diamond sales continued on a downward trajectory as demand remains weak, while supply for smaller and cheaper stones, is high putting pressure on polished prices.

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India’s cut and polished diamond exports down by 15.12% in May

India’s exports of cut and polished diamonds decreased by 15.12% year-on-year during the month of May 2019 according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

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Dubai Diamond Conference to focus on disruption and technology in the diamond industry

DMCC, the world’s leading free zone for commodities trade and enterprise, will stage the fourth edition of its Dubai Diamond Conference (DDC) on 26 September at the Almas Conference Centre, Almas Tower, Dubai, United Arab Emirates.

Today

Zim diamond workers demand salary increment

The Zimbabwe Diamond and Allied Minerals Workers’ Union (Zdamwu) has requested an urgent meeting with the National Employment Council for the mining industry to consider salary increment as hyperinflation returns to the southern African country...

Today

How Trade War Affects U.S. Consumer Goods Companies and Beyond

11 june 2019

(jingdaily.com) - On May 14, the U.S.-China trade war entered into a full-fledged battle after the Chinese government took retaliatory measures against the latest round of tariff hikes by the Trump Administration. Beijing announced it would raise its own tariffs on the total value of $60 billion on exported goods from the United States from five percent to as high as 25 percent, starting June 1. A variety of targeted products — agriculture, metals, apparel, footwear — are on the list, according to a statement published on the official portal of the Chinese government.