Angola H1 diamond revenue falls

Angola’s diamond revenue has dropped in the first half of the year, according to the governor of the National Bank of Angola, José de Lima Massano.

Today

ALROSA’s Severalmaz cuts production

PJSC Seralmaz, part of the ALROSA Group, will reduce production at its Lomonosov Division in 2020 due to the closure of the Group’s key sales markets and a slump in demand for diamonds amid the coronavirus pandemic.

Today

Titan to record decreased profit for 1H due to COVID-19

Tata Group company Titan recently announced that the company’s operating cash flow was negative in the last two months due to virtually zero sales in the first six weeks of lockdown.

Today

Mountain Province Diamonds Inc. announced changes to its board of directors

The Company announced the addition of Ken Robertson to its board of directors.

Today

Russian Far East is of interest to Indian diamond cutting companies - report

Indian companies see the Russian Far East as a center for creating diamond-cutting enterprises.

Yesterday

De Beers to Offer Lab Reports in the United States

13 february 2020

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Image credit: De Beers Group Industry Services


(jckonline.com) - De Beers Group Industry Services, the diamond giant’s grading lab, is entering the U.S. market for the first time through a new partnership with RDI, the Rochester, N.Y.–based diamond wholesaler. The De Beers reports will accompany all of RDI’s Rare and Forever branded diamonds. RDI will be, at least for now, the only U.S. company to offer the reports.