Diamond stocks Articles

Corporate and govt cooperation needed to drive energy stability

25th August 2017 / Robyn Wilkinson     

There needs to be ongoing open dialogue between the corporate sector and government to ensure that energy supplies for mining projects are secured and stabilised timeously to take advantage of valuable economic opportunities in Africa, says Johannesburg-based consultancy Core Consultants founder Lara Smith. "Governments' lead times for approving new power plants in African countries are often too...Read More

Elegen

25th August 2017 / Staff reporter

Johannesburg-based original-equipment manufacturer Elegen has grown to be one of Africa's largest generator manufacturers and suppliers, and has complemented its power-generation offering with the launch of its mobile pneumatic light-emitting diode (LED) lighting tower.This lighting tower has been pioneered by Elegen and is proudly developed and manufactured in South Africa, where the company supp...Read More

Improve efficiencies beforeadopting new energy solutions

25th August 2017 / Robyn Wilkinson     

For many mines, there is stillsignificant work to be done interms of improving operatingenergy efficiencies, and a soundunderstanding of the benefits ofdigitalisation could be the key tounlocking considerable value in this endeavour, says professional servicesfirm EY South Africa advisory services partner Ed Stephenson. He notes that, although mines have looked to new technologies to driveproducti...Read More

Incremental improvements now leading to energy efficiency

25th August 2017 / Robyn Wilkinson     

Having reached an advanced stage, power-generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies, says global power supply solutions provider Zest WEG Group integrated solutions executive Johan van Ni...Read More

Modular, mobiledry-type transformers ideal for Africa

25th August 2017 / Robyn Wilkinson     

As mining projects move into ever- more remote locations in Africa, modular and mobile energy solutions - such as dry-type transformers - are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. He explains that transformers - which increase or decrease voltage - consist of copper or aluminium windings that need to be insulated and cooled down.Historically, oil tr...Read More

Rental generators bridging solution for African mines

25th August 2017 / Robyn Wilkinson     

Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. The generators are offered by the company's rental division Aksa Global Rental Power (AGRP) and are ideal for companies in the African m...Read More

Tax benefits for demonstrated energy savings at mines

25th August 2017 / Staff reporter

Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa's Income Tax Act, before it is too late, as this opportunity is only available to 2020. The incentive provides an allowance for businesses to implement energy efficiency savings.Advertisement Through its certified measurement and verification ser...Read More

Brazil to let mining happen in Amazon area the size of Switzerland

Aug. 24, 2017, 5:20 AM / Cecilia Jamasmie

Brazil's president Michel Temer has opened up a vast national reserve in the Amazon, larger than the size of Switzerland, to mining and mineral exploration, as part of a broader plan to fuel economic activity in the country.The presidential decree, published Wednesday in the official government gazette, abolished the protected status of the National Reserve of Copper and Associates (Renca), which...Read More

Rapaport Weekly Market Comment

Aug 24, 2017 / Rapaport News

Diamond markets seasonally quiet, with polished inventoryrising after slow summer. Dealers hoping Hong Kong show will increase polishedtrading as Chinese retail jewelry sales improve. Rough demand expected tosoften at next week's De Beers sight, with lower prices for boxes on thesecondary market. Signet Jewelers seeks to boost sales with deal to buye-commerce retailer James Allen for $328M. Signet...Read More

Signet to Buy James Allen for $328M

Aug 24, 2017 / Rapaport News

RAPAPORT... Signet Jewelers will acquire the owner of online jewelryretailer James Allen for $328 million, the companies announced Thursday. Signet will purchase R2Net in an all-cash deal, takingcontrol of both JamesAllen.com and Segoma Imaging Technologies, which creates3D displays of diamonds and jewelry for consumers buying on the web. With plansto implement R2Net's technology across its own re...Read More

Signet's Stock Price Soars After Q2 Results, Acquisition Announcement

August 24, 17 / Albert Robinson

(IDEX Online) - Signet Jewelers reported a positive performance for its second quarter Fiscal 2018, with same store sales up 1.4 percent, driven by eCommerce platform improvements, Mother's Day performance and timing, effective marketing and bridal promotion initiatives. The stock market liked the results, along with its announcement that it will acquire R2Net, the owner of JamesAllen.com...Read More

Tiffany's Diamond Wholesale Business Boosts Sales

Aug 24, 2017 / Rapaport News

RAPAPORT... Luxury jeweler Tiffany& Co. reported an increase in revenue and profit in the second fiscalquarter lifted by its wholesale diamond business and e-commerce platform, whileits brick-and-mortar stores continued to struggle.Group sales rose 3%year on year to $960 million during the three months that ended July 31, butcomparable-store sales fell 2%, the company said Thursday. Net earnings g...Read More

Tiffany & Co. Posts Better-Than-Expected Earnings And Sales

August 24, 17 / Albert Robinson

(IDEX Online) - Tiffany & Co. reported earnings and sales that exceeded expectations, with second quarter net income of $115.0 million compared with $105.7 million for the same period last year. Revenue was $959.7 million compared with $931.6 million last year and ahead of the $930.0 million consensus estimated. However, same-store sales fell 2 percent. Results were partially helped by hi...Read More

Alrosa Names Sberbank VP as Sales Head

Aug 24, 2017 / Rapaport News

RAPAPORT... Alrosa has put veteran banker Evgeny Agureev in charge ofits sales division ahead of the miner's new contract period forrough-diamond buyers, it said Wednesday.Agureev (pictured) will be the director of the United SellingOrganization (USO), Alrosa's diamond sorting and sales unit. He will beresponsible for developing rough sales, making them more efficient andtransparent, and strengthe...Read More

Signet Buys Jamesallen.Com And Segoma Imaging Technologies For $328M

August 24, 17 / Albert Robinson

(IDEX Online) - Signet Jewelers Limited is to acquire R2Net, the owner of JamesAllen.com and Segoma Imaging Technologies, for $328 million in an all cash transaction. JamesAllen.com is a fast-growing online jewelry retailer, while Segoma Imaging Technologies provides R2Net machines to enable a next-generation digital jewelry shopping experience. "The acquisition will bring together Signet's...Read More

Indian Exports of Polished Diamonds Slip 0.3% In July

August 24, 17 / Albert Robinson

(IDEX Online) - India's exports of polished diamonds in July were $1.65 billion, a slight decline of 0.3 percent on the year. Polished exports for the April to July period rose 2.4 percent to $7.4 billion, according to the figures released by the Gem & Jewellery Export Promotion Council (GJEPC). Polished imports declined by 8.4 percent to $228.0 million in July, but declined by 8.4 percen...Read More

Despite high upfront costs, technology investments reap long-term savings - BMI

24th August 2017 / Mia Breytenbach     

JOHANNESBURG (miningweekly.com) - With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according to Fitch Group-affiliated BMI Research.In its latest industry trend...Read More

Kareevlei grades, tender prices improve

24th August 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - Aim-listed BlueRock Diamonds has sold a parcel of 400.06 ct of diamonds, at an average price of $330/ct, in an August tender.The company, which operates the Kareevlei diamond mine, near Kimberley, on Thursday noted that the diamonds produced and sold at the tender had resulted in a grade of 2.07 carats per hundred tons (cpht), compared with the average grade of 1....Read More

Botswana Diamonds unearths potential discovery through public library

24th August 2017 / Dylan Slater     

JOHANNESBURG (miningweekly.com) - Three obscure kimberlites in the Free State, near the origin of the South African diamond rush of the 1800s, have piqued the interest of diamond exploration and project development company Botswana Diamonds.Kimberlites are formed when volcanoes become extinct, with the potential of diamonds forming in the igneous rock as molten magma cools.AdvertisementDuring a ke...Read More

De Beers' Two-Month Diamond Budget Isn't Forever

Aug 23, 2017 / Joshua Freedman

RAPAPORT... De Beers ads in the 1980s famously told people tospend two months' salary on their diamond engagement rings. In the US, that's close to $10,000, based on wage data from the Organisation forEconomic Cooperation and Development (OECD). Now another diamond company hascome up with a novel way of devising a ring budget, based not on income, but on how much is left each month.Mint Diamonds,...Read More