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

Small diamond units cut production by 50%

10 june 2019
(indiatimes.com) - The manufacturers in the world’s largest diamond cutting and polishing centre Surat have cut down on production by up to 50% following sharp fall in prices of polished diamond and to avoid the inventory pile-up in a sluggish market. Surat diamond industry, which accounts for about 85% of the world’s production of polished stones, is facing gloomy start in the new financial year with polished diamond prices on the Rapnet—world’s largest online business to business diamond trading platform—falling by 15% and that the prices of diamonds in small sizes falling up to 25% since January 2019.