Petra Diamonds nearly doubles Q1 revenue

Petra Diamonds’ revenue was up 48% to $114.9 million in the first quarter of the fiscal year 2022 compared with $77.7 million, a year earlier driven by proceeds from the sale of exceptional stones during the quarter totalling $50.2 million.

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GJEPC requests direct supply of rough diamonds from ALROSA

The Gem & Jewellery Export Promotion Council (GJEPC) welcomed representatives from ALROSA including Evgeny Agureev, Deputy CEO, and Stanislav Martanus, Head of Customer Policy Centre, and Dmitry Amelkin, Head of Strategic Development & Polishing...

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NDC partners with Assouline to launch ‘Diamonds’ – a coffee table book

The Natural Diamond Council (NDC) in partnership with Assouline, has launched a coffee table book called ‘Diamonds’ on 21 October 2021 with Edward Enninful, Editor in Chief of British Vogue writing the foreword, says an announcement from the...

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Lucapa subsidiary begins geotechnical drilling at Merlin diamond project

Lucapa Diamond says its wholly-owned subsidiary, Australian Natural Diamonds (AusND), has started the geotechnical drilling programme at the Merlin diamond project in the Northern Territory of Australia.

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UAE to benefit as India's gold imports set to incease in Q4

The rising trend in gold imports by India will be good news for the UAE, which is the second-largest exporter of the yellow metal to the South Asian country. In volume terms, India’s imports were estimated at 91 tonnes last month, compared to 12 tonnes...

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GIA Backlog Raising Concerns for Manufacturers

02 april 2021

(diamonds.net) - Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned. A sharp increase in rough buying since December has led to heightened demand for grading reports, while lower capacity because of Covid-19 restrictions has placed extra pressure on the GIA. The turnaround time in some markets is currently up to 25 days, compared with the usual period of around seven days, diamond manufacturers reported this week.