AGD report recognized best at Micromine International Conference

AGD DIAMONDS received the highest award at the VIII Conference of Micromine Users held last week at the Minex Russia mining and geological forum, the largest international symposium in the Russian Federation on topical issues of exploration, mining and...

Yesterday

The VIIIth Ecological Forum will be held in Moscow on October 17-18

VIIIth Ecological Forum “Corporate Responsibility to the Future. Technology for Society and Nature” will be held in Moscow on October 17-18, 2019.

Yesterday

Petra revenue down 6% to $463mln as diamond prices weaken

Petra Diamonds’ revenue for the fiscal year 2019 decreased by 6% to $463.6 million from $495.3 million, a year earlier, reflecting the weaker diamond market.

Yesterday

ALROSA's profit under RAS for 9 months decreased by 35% compared to last year

ALROSA's profit under RAS for 9 months of 2019 decreased by 35% compared to the previous year, to RUB 119.8 billion, due to problems faced by the global diamond industry.

Yesterday

Zimbabwe seeks to produce 11Mcts of diamonds by 2023

Zimbabwe is planning to more than triple its diamond output to 11 million carats by 2023 from 3.2 million carats last year, according to the mines minister.

Yesterday

Holiday retail sales could climb 5% despite ‘unprecedented uncertainty’

04 october 2019
(cnbc.com) - Retailers could be in for a jolly jump in sales this holiday season, despite headwinds like the U.S.-China trade war and the threat of another economic slowdown. Holiday retail sales for 2019 are forecast to increase 4.5% to 5%, exceeding $1.1 trillion, according to an annual survey by Deloitte. That would be better than the Census Bureau data of sales growth of 3.1% on sales of $1.09 trillion from last November to January. “I think this will be a surprise for our clients,” said Rod Sides, vice chairman of Deloitte’s retail and distribution practice in the U.S. “I think most [retailers] would expect a slightly lower increase. ... This is probably bigger than those expectations.” A separate forecast by global consulting firm AlixPartners is calling for holiday sales growth of 4.4% to 5.3%.