“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

ALROSA shares fell to six months minimum

06 march 2019
ALROSA shares dropped by 1.76% at the trading session held on Tuesday. The trading in equities of the Russian diamond mining company closed at 92.00 rubles per share. This was reported by the BCS Express portal, which noted that the company’s equities looked worse than the Moscow Exchange index, which fell by 0.31%.
The technical picture is cautiously negative, according to an analysis published by the portal. The trend indicators point to the prevalence of sellers in the company's shares. BCS Express’ expert mentioned the possibility of a rise in the company's stock price to the level of 94.5 rubles per share but said that if the share price is to drop below 92 rubles, there are chances that it will continue to fall to 88.3 rubles per share, although it is too early to talk about achieving this level. The medium-term positive scenario is now hardly likely and implies a return above 94.5-95 rubles per share followed by consolidation over this area, the report concludes.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg