Angola to offload share capital in 195 firms including Endiama

The Angolan government is planning to offload share capital it wholly or partially holds in 195 different companies under the privatisation programme.

16 august 2019

Gem Diamonds’ Letšeng achieves $1,697/ct in H1 sales

Gem Diamonds said its 70%-owned Letšeng mine in Lesotho achieved $1,697 per carat in the first half of 2019, a 10% jump from $1, 537 per carat realised the previous period.

16 august 2019

Stornoway reported 2Q 2019 financial results

Stornoway Diamond Corporation reported its financial and operating results for the quarter ended June 30, 2019.

16 august 2019

DDI appoints new executive director

The Diamond Development Initiative announced the appointment of Ian Rowe as its new executive director, with effect from September 2, 2019.

16 august 2019

PANDORA and Warner Bros. to launch Harry Potter inspired collection

Pandora announced that it will work in partnership with Warner Bros. Consumer Products to introduce a collection of Harry Potter themed jewellery.

16 august 2019

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.