ALROSA sells specials for $ 11 million during its New York tender

ALROSA tendered its special-sized diamonds (over 10.8 carats) and earned $11 million in sales revenue. The auction was held in New York, and the viewing took place at the sales office of ALROSA USA Inc.

Yesterday

WFDB and DPA link up to create powerful new marketing channel

The World Federation of Diamond Bourses (WFDB) has launched a powerful new marketing channel for the dissemination of industry news to promote diamonds in a tie-up with the Diamond Producers Association (DPA).

Yesterday

India’s polished diamond exports down 15.39% during October

During October, cut and polished diamond exports declined by 15.39% year-on-year totalling $ 1.95 bln during during October as against $ 2.30bln during October 2018, according to the provisional data released by The Gem & Jewellery Export Promotion...

Yesterday

Zimbabwe lowers royalty on diamonds to 10%

Zimbabwe is set to review the royalty on diamond from the current 15% to 10% of gross revenue from 1 January, 2020.

Yesterday

Diamcor Q2 revenue down on limited processing volumes

Diamcor Mining has realised $560,059 in revenue from its Krone-Endora at Venetia project, in South Africa during the period ended September 30, 2019 compared to revenues of $726,846, realised during the same period in the prior fiscal year.

Yesterday

Diamonds in the rough: price fall 'creates buying opportunity' for investors

06 november 2019

(telegraph.co.uk) – A fall in the value of diamonds has opened up an investment opportunity for people looking to shield their wealth from the turbulence of global stock markets. De Beers, the world’s biggest diamond producer, made sales of £240m at its most recent auction, 39pc less than the equivalent sale in 2018. The sluggish sales figures were blamed on a global surplus of stones, which have depressed values in the past 12 months. However, those who have invested for the long-term have earned strong returns from diamonds in the past 15 years.