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.


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).


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...


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.


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.


Petra shares languish as diamond price malaise eclipses self-help measures

08 november 2019

( - Shares in Petra Diamonds were under the pump again today as the UK-listed firm’s efforts to rein-in costs and sustained first quarter production were eclipsed by an as yet unrelenting slump in diamond prices. The company is now capitalised at £66.85m ($86.8m) which compares to net debt of $593m, having edged up slightly as of September 30. The shares were last trading at some 750 pence/share, a decline of 7.8% and taking losses on a 12-month basis to 80.5%. The company traded at an all-time low earlier last month.