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.

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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.

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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...

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Diamonds: Tears of the Gods

12 june 2019
(scientificamerican.com) - Humans have been captivated by diamonds, the planet’s hardest natural material, for nearly five thousand years. In Egypt, they were incorporated into the ankh, symbolizing the sun. People in ancient India thought they must be created by lightning, and attracted it; they also expected the stones could stave off danger (a belief somewhat at odds with the lightning-attractor thing). Greeks and Romans found the stones much more sacred, seeing them as tears of the gods. Rather poetically, they also thought the gems might be shards of fallen stars. At various times, people have thought diamonds to be capable of conferring invincibility, of healing, and of sealing the deal on romantic love. The truth of diamonds is almost as extraordinary as all of those beliefs.