Diamond stocks Articles

Diamonds Mining Companies Listed in All Countries

2019-07-21 / 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 21, 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

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

India: Market Still Slow

Jul 18, 2019 / Rapaport News

Fewertransactions than this time last year, despite strong foreign-dealer presencein Mumbai. Buyers looking for bargains amid rumors of tight liquidity andfinancial distress. 0.30 ct. diamonds selling in parcels since prices ofcertified goods have declined. GIA has reduced grading fees for 0.30 by 10%. Soliddemand for SI1-I2 parcels. Manufacturers maintaining low polished production. RoundRead More

Diamond Glut Prompts De Beers to Slash Production

Jul 18, 2019 / Rapaport News

RAPAPORT...De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due to an oversupply of goods, Anglo American, De Beers'parent company, reported Thursday. In light of that, it now expects to recover about31 million c...Read More

Alrosa Falls Victim to Changing Retail Practices

Jul 18, 2019 / Rapaport News

RAPAPORT...Retailers' attempts to maintain low diamond inventories are hurtingdemand across the trade, Alrosa warned after reporting its lowest quarterlysales since 2015. The Russian miner's sales slumped 26% to $807 million in thesecond quarter ending June 30, it reported Thursday. An oversupply of rough andpolished in the manufacturing and retail sectors has hurt appetite for thecompany's goods,...Read More

Soon there will be Breakfast at Tiffany's - in Mumbai

July 18, 19 / Staff Writer

Various Indian online news outlets reported that Reliance Brands had come to an understanding with the 182-year old American jewelry brand Tiffany & Co. to bring Tiffany's to India. Reliance Brands is owned by Mukesh Ambani, India's richest businessman and industrialist. He is the chairman, managing director, and largest shareholder of Reliance Industries Limited (RIL), a Fortune Gl...Read More

China Lifts Richemont Jewelry Revenue

Jul 18, 2019 / Rapaport News

RAPAPORT... Sales at Richemont's jewelry brands increased 10% in the first fiscalquarter, as lower value-added tax and customs duties drove purchases in mainland China,the luxury retailer said Thursday. Proceeds from the group's largest product category - which comprises Cartier and Van Cleef & Arpels - rose to EUR 1.83billion ($2.05 billion) in the three months ending June 30. At constan...Read More

Chow Tai Fook China Sales Rise

Jul 18, 2019 / Rapaport News

RAPAPORT... Sales in Chow Tai Fook's mainland China storesgrew strongly in the first fiscal quarter, while purchases in Hong Kong andMacau slowed. Retail sales jumped 24% in mainland China in the threemonths ending June 30, with same-store sales - at branches open for at least ayear - rising 11%, the jeweler reported Tuesday. Retail revenues in Hong Kongand Macau fell 6%, while same-store sales sl...Read More

CIBJO urges UN to support small business enterprises

July 18, 19 / Staff Writer

Speaking at a meeting of the World Business Council for Sustainable Development (WBCSD), which took place during the United Nation's 2019 High-Level Political Forum on Sustainable Development in New York, CIBJO President Gaetano Cavalieri has advocated for the position of small and medium-sized enterprises. Sustainable economies rely on the contribution of SMEs, he said, but too often they fi...Read More

Chow Tai Fook sees lower sales in second quarter

July 18, 19 / Staff Writer

The Inside Retail Asia website reported that during the second quarter same-store sales of the world's largest jewelry retailer la Chow Tai Fook (CTF) in Hong Kong and Macau fell by 11 per cent. However, sales in Mainland China rose by 11 percent.  "The Hong Kong and Macau market was affected by a tough base of comparison and cautious consumer sentiment amid an uncertain macro environmen...Read More

Botswana Diamonds raises 250 000

18th July 2019 / Creamer Media Reporter     

Aim-listed Botswana Diamonds has raised £250 000, through the placing of 50-million shares with new and existing investors at 0.5p a share.This represents about 7.98% of the company's issued share capital.AdvertisementThe funds will be used to continue diamond exploration efforts in Botswana; to progress the Thorny River bulk sampling programme; to bring the Marsfontein dumps and gravels...Read More

De Beers lowers full-year output expectations on weaker demand 

18th July 2019 / Simone Liedtke     

Diamond miner De Beers has revised its full-year production guidance downward to about 31-million carats, leaning towards the lower end of the previous range of between 31-million and 33-million carats, in response to weaker trading conditions experienced during the second quarter.De Beers is currently producing to demand and, in a statement issued on Thursday, the miner reported that the revision...Read More

Judge Calls Signet Out over Suit Dispute

Jul 17, 2019 / Rapaport News

RAPAPORT... A New York federal judge has refused to back down after ruling that Signet Jewelers' downplaying the impact of sexual-harassment claims could be used in an investor class action against the retailer.On July 10, Judge Colleen McMahon ruled Signet shareholders could form a class action in their securities-fraud claim against the jeweler. The following day, Signet claimed it would seek a...Read More

WJA Awards over $65K to 49 Recipients

Jul 17, 2019 / Rapaport News

RAPAPORT... The Women's Jewelry Association (WJA) has revealed thewinners of its 2019 Excellence Awards scholarships and grants. The group will award a total of $65,500 - raised through itsAwards for Excellence Gala, individual member donations and sponsorships - to 49women. Recipients use the funds to pay for their education and advance theirprofessional careers. "Our grant and scholarship winne...Read More