Diamond stocks Articles

Diamonds Mining Companies Listed in All Countries

2019-07-23 / Staff reporter

Compare(Show all)CompanyTickerLast Price (native)Change (native)Change (%)Day LowDay High52 Week Low52 Week HighVolumeMC (M CAD$)  Lucara DiamondCorp.LUCRF1.230.0000.00%,605632.0  Petra Diamonds Ltd.PDL.L31.98-0.130-0.41%31.6432.9631.6473.45858,781473.8  Gem Diamonds LimitedGEMD.L102.000.5000.49%101.00102.5078.00125.009,265244.1  Stornoway D...Read More

Stock quotes of diamond mining companies

Jul 23, 2019 / Staff reporter

Stock quotes of diamond mining companiesCompanyStockExchangeTickerPriceper shareChange(%)Market capitalization(in local currency and USD)ALROSAMICEX- RTSALRS75.200RUB0.000%553,845,415,376.00RUB9,784,926,219.00USDALROSA-NyurbaMICEX- RTSALNU163,000.000RUB0.000%130,400,000,000.00RUB2,303,809,589.00USDAfri-Can Marine MineralsCVE-AFAAFA0.000CADnan%0.00CAD0.00USDDiamond Fields International Ltd.TSX Vent...Read More

US Retail Sales Hit High in June

Jul 22, 2019 / Rapaport News

RAPAPORT... US retail sales rose in June, amid improved consumersentiment and a healthier economic outlook, according to the National RetailFederation (NRF). Total purchase value grew 2.3% year on year in June, withthe three-month moving average, which includes April, May and June sales, up3.7% over the same period a year ago. The moving average for the three monthsto May rose 3.3% over the y...Read More

Botswana Diamonds to Start Selling by End of Year

Jul 22, 2019 / Rapaport News

RAPAPORT... Botswana Diamonds has raised the funds needed to continueoperations, and expects to hold its first sale by the fourth quarter. The company, which has struggled with challenges that hitits bottom line, had questioned itsability to continue as a going concern. It had previously recorded losses due to currency fluctuations, an impairment charge, and the cost of buying Alrosa out of a...Read More

Petra to Reduce Production Amid Weak Prices

Jul 22, 2019 / Rapaport News

RAPAPORT... Shares in Petra Diamonds slipped 6% in early trading Monday after the minerreported it would lower its production for fiscal 2020. The company expects to produce about 3.8 million carats inthe financial year ending June 2020, as opposed to 3.9 million caratsin fiscal 2019, it said Monday. While run-of-mine production is expected toremain flat, the decrease will come from lower pro...Read More

Jewelry Business Closure Rate Drops

Jul 21, 2019 / Rapaport News

RAPAPORT... The US jewelry trade continued to contract in the secondquarter, but the rate of downsizing has slowed from the previous year, datafrom the Jewelers Board of Trade (JBT) revealed. In the three months ending June 30, 185 jewelry businessesexited the market, a 21% drop versus the same period a year ago. Retailersconstituted 135 of those - 21% fewer than last year, while the number ofwhol...Read More

Low Grades Dent Mountain Province Output

Jul 21, 2019 / Rapaport News

RAPAPORT... Production at Gahcho Ku dropped 10% year on yearto 1.7 million carats in the second quarter, as mining took place in a lower-grade portion of the deposit. "The grade variance year over year is mainly a function ofmining lower-grade-ore tonnes in [the second quarter of 2019] from Hearne andSWC kimberlites, in comparison to higher grades from the 5034 kimberlite in[the second quarter of...Read More

Hong Kong Slowdown Hits Swiss Watches

Jul 21, 2019 / Rapaport News

RAPAPORT... Swiss watch exports fell 11% to CHF 1.74 billion ($1.77billion) in June, amid a continued downturn in Hong Kong tourism and protests in the municipality. "Hong Kong's performance slowed significantly. Recent events there undoubtedly played a part," theFederation of the Swiss Watch industry reported last week.  Demonstrators in Hong Kong - the Swiss watch industry'ssecond-largest m...Read More

Lucara Names 1,758ct. Diamond 'Rare Find'

Jul 21, 2019 / Rapaport News

RAPAPORT... Botswana's largest rough diamond now has a name, following a public contest held by Lucara Diamond Corp. The company chose to call the 1,758-carat stone Sewel, which means "rare find" in the local Setswana language. It was the winning entry from more than 22,000 submissions. "The largest diamond recovered in Botswana's history wasnamed by the people of Botswana this evening in a...Read More

AWDC Cuts Research-Center Backing

Jul 21, 2019 / Rapaport News

RAPAPORT... The Antwerp World Diamond Centre (AWDC) will no longerfund the city'sdiamond-research-technology center, asthe current market situation in the Belgian diamond industry worsens. "As a result of the high cost of labor in our country,almost the entirety of our diamond manufacturing has relocated abroad," AWDCspokeswoman Margaux Donckier said Friday. The AWDC established the Scientific an...Read More

As expected, De Beers reports decline in performance for second quarter

July 21, 19 / Staff Writer

The De Beers Group released its production results for the second quarter earlier this month, reporting that its rough diamond production was down 14 percent to 7,7 million carats recovered. Mine closures, lower grades and planned maintenance schedules affected many of De Beers mines. Production at the Debswana mine in Botswana fell 9 percent to 5.7 million carats due to a planned plant shut down...Read More

US retail performs better than expected in June

July 21, 19 / Staff Writer

U.S. retail sales rose at a solid pace in June. This is good news as other economic drivers haven't performed that well. The US Commerce Department released new data last week, saying that retail sales had risen 0.4 percent in June - a fourth, uninterrupted monthly increase. Sales made by online retailers, grocery stores, home and garden stores and restaurants and bars all grewe. The numbers...Read More

Belgium Trade Cuts Diamond-Research Funding

Jul 21, 2019 / Rapaport News

RAPAPORT... The Antwerp World Diamond Centre (AWDC) will no longer provide financial backing to the city's diamond-technology unit, citing difficult conditions in the local industry. "As a result of the high cost of labor in our country,almost the entirety of our diamond manufacturing has relocated abroad," AWDCspokeswoman Margaux Donckier said Friday. The AWDC established the Scientific and Techn...Read More

Richemont's watch sales drop slightly in June

July 20, 19 / Staff Writer

"The report comes after rivals Burberry Group Plc and Swatch Group AG announced better-than-expected results, raising the bar for the sector. Richemont's watch brands have suffered from excess inventory, and the company has been buying back unsold products from the market since 2016. Richemont echoed Swatch in saying that protests in Hong Kong, the top export market for Swiss watches, weighed...Read More

Lucara names 1,758-carat rough "Sewelo."

July 19, 19 / Staff Writer

Lucara Diamond Corp.announced that the winning submission for the naming of the 1,758 carat diamond.  Meaning "rare find" in Setswana, the name Sewelo was selected from over 22,000 submissions in a contest open to all citizens of Botswana. The announcement was made during a gala event hosted by Lucara Botswana in the presence of His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President o...Read More

AWDC to discontinue financing of WTOCD

July 19, 19 / Staff Writer

The Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry and trade, issued a statement today that it will halt its financial contribution to The Scientific and Technical Research Center for Diamond (WTOCD). "[The WTOCD] can no longer count on the (unrestricted) financial support from the AWDC. The current market situation has led us to take this decision,...Read More

BlueRock sells 12.2 ct diamond for $105 000

19th July 2019 / Marleny Arnoldi     

Aim-listed BlueRock Diamonds has sold a 12.2 ct diamond for $105 000 in its July tender.This diamond, at $8 584/ct, was the second-most valuable diamond the company had recovered to date, following the sale of a 24.9 ct diamond in the June tender for $196 000.AdvertisementBlueRock executive chairperson Mike Houston attributed the great recoveries to improved operational practices at the company&rs...Read More

Lucara names 1 758 ct diamond 'rare find'

19th July 2019 / Tasneem Bulbulia     

Canada-headquartered diamond miner Lucara Diamond has chosen the name Sewelô, meaning “rare find” in Setswana, for the 1 758 ct diamond recovered from its Karowe mine, in Botswana, in April.The name was selected from over 22 000 submissions in a contest that was open to all Botswana citizens.AdvertisementThe announcement was made during a gala event hosted by Lucara Botswana in t...Read More

Mining construction using safe, quality materials

19th July 2019 / Theresa Bhowan     

With the extensive range of fully serrated, multi-directional non-slip floor gratings, stair treads and safety handrails that manufacturer Vital Engineering supplies, the company is involved in several projects where it supplies mines with mild steel, galvanised steel and stainless-steel products which ensure the very highest standards of safety and quality.“The majority of the mines which w...Read More

Rapaport Weekly Market Comment

Jul 18, 2019 / Rapaport News

Diamond market weak due tosummer slowdown and sluggish dealer demand. Manufacturers frustrated by tightprofit margins and hoping for rough price reduction at De Beers July sight. Cuttersmaintaining low polished production due to profit and liquidity squeeze. ABN Amrorestricts rough-sector lending out of concern for lack of profitability. ChowTai Fook FY1Q same-store sales +11% in China, -11% in Ho...Read More