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

Hong Kong jewellery fair – the world’s largest – robbed of sparkle by protests, US-China trade war, reports drop in turnout

07 october 2019

(yahoo.com) - The Hong Kong Jewellery & Gem Fair, the world’s largest jewellery fair, might have attracted half its usual number of visitors and buyers of diamonds, as well as fewer exhibitors, who brought half their usual offering to the event, in a climate blighted by poor sales, the US-China trade war and the Hong Kong protests, according to a regular attendee. The fair was held on September 16-22. “This year, overall activity at the exhibition was lower than usual. Among the large industry players, few did not participate. But those who arrived, brought in 40 per cent to 50 per cent less products than usual,” Evgeny Agureev, director of sales at Mirny, East Siberia-based state-backed company Alrosa said in an interview. “According to our observation, the number of visitors to the exhibition and buyers of diamonds was half the usual,” he said, adding that attendance was hit by an unfavourable environment for the diamond industry, the protracted US-China trade war and the anti-government protests in Hong Kong.