(IDEX Online) - ALROSA, the world's largest diamond miner, announced rough diamond sales by value amounted to $331.6 million in September, and January- September sales of $3.588 billion. In September, ALROSA's sales of rough and polished diamonds increased by 9% yoy to $338.7 million, with polished diamond sales of $7.1 million. ALROSA's total diamond sales in January-...Read More
(IDEX Online) - With the 2018 CIBJO Congress set to open in Bogot??, Colombia, on Monday, agendas and related documentation for the sessions and meetings that will take place during the event are now available online. The schedule of the CIBJO Congress includes a series of meetings of different working groups, called sectors and commissions, each of which focuses on a different sector or f...Read More
JOHANNESBURG (miningweekly.com) – An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday.Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be devoted to the innovative investor battlefield feature, the Mining...Read More
Moscow: 10 October 2018 - ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.In September, ALROSA Group sales of rough and polished diamonds increased by 9% yoy to $338.7 million.Rough diamond sales by value amounted to $331.6 million, polished diamond sales - $7.1 million.ALROSA's total diamond sales in January-September 2018 grew 9% y...Read More
RAPAPORT... Alrosa's sales climbed 9% year on year to $338.7 million inSeptember due to strong demand for large stones, the miner saidWednesday.Higher sales in the 2-carat-plus and 10.8-carat-plus categories boosted the overall result, Alrosa deputy CEO Yury Okoemov explained. Demand for cheaper goods declined - a common trend at this time of year as Indian factories buy less rough in preparation...Read More
RAPAPORT... The Gemological Institute of America (GIA) has discovered anew mineral while studying flaws in large diamonds from the Let??eng mine. The organization named the substance crowningshieldite afterG. Robert Crowningshield. The 50-year GIA veteran and pioneer of gemologicalresearch wrote the first report on gem-quality laboratory-grown diamonds in1971, the GIA said Tuesday. Crowningshield...Read More
RAPAPORT... De Beers Jewellers has pinpointed Asia as its area forexpansion after global revenue fell last year, according to accounts thecompany filed at the end of September. Revenue dropped 6% to $98.6 million in 2017 amid a "moredemanding customer environment," the retailer said. Its net loss widened to$37.6 million from $12.1 million the year before due to an impairment charge - apermanent re...Read More
RAPAPORT... Jewelers of America (JA) has unveiled plans for anindustry-wide collaborative marketing campaign, aimed at increasing consumerinterest in jewelry. The new initiative will promote the unique and emotionalaspects of owning jewelry, as opposed to spending one's disposable income on otherthings, the US trade group said Wednesday. "The jewelry industry has voiced their needs for a genericc...Read More
<IDEX Online> - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, will be coordinating the launch of a consumer marketing program in 2019. The campaign will be an industry-wide collaboration to increase consumer desire for jewelry and drive jewelry sales by promoting the unique and emotional aspects of jewelry ownership vers...Read More
<IDEX Online> - ALROSA has launched a project designed to reduce the extraction-to-market time lag which it estimates will help reduce its work-in-process inventories by more than $100 million this year. As part of the initiative to boost operational efficiency and improve business processes, ALROSA intends to streamline the distribution of rough diamond flows among its business unit...Read More
<IDEX Online> - The Board of Directors of the Jewelry Industry Summit announced that the third Jewelry Industry Summit will be held in Tucson on February 2-3, 2019 at the Tucson Convention Center. Hosted by AGTA, the Summit "promises to be an opportunity to connect, collaborate, and generate plans of action to effect positive change to maintain and support sustainability in the jewel...Read More
LONDON – A dollar shortage that has sparked outrage from mining companies operating in Zimbabwe is a "short-term problem" that will be remedied by a stronger economy, the mines minister told Reuters.Zimbabwe is suffering acute shortages of US dollars, deterring foreign capital from helping the ailing economy recover after 20 years of economic hardship under former leader Robert Mug...Read More
RAPAPORT... De Beers Jewellers has pinpointed Asia as its area forexpansion after global revenue fell last year, according to accounts thecompany filed at the end of September. Revenue dropped 6% to $98.6 million in 2017 amid a "moredemanding customer environment," the retailer said. Its net loss widened to$37.6 million from $12.1 million the year before due to an impairment charge - apermanent re...Read More
JOHANNESBURG (miningweekly.com) – A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy mistake.A study just completed by the advisory services firm shows tha...Read More
Zimbabwean miner RioZim on Tuesday is taking legal action to force the country's central bank (RBZ) to pay it in US dollars for some of its gold output.The move comes after the company reported earlier this month that profit after tax had dropped 86 percent to $406,000 in the six months to June 30, from $2.9 million last year, despite higher gold production. RioZim attributed the weak results to...Read More
RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More
RAPAPORT... Kay Jewelers has located and returned the missing rings of awoman who accused the store of stealing her jewelry in a viral Facebook post. In her September 28 post, Requitta Darshae East said thatthree months after bringing her rings in for servicing, they still hadn't beenreturned. Despite numerous phone calls and visits, the jeweler had not comecloser to resolving her issue. The...Read More
RAPAPORT... So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive results after three years of decline.Sales stagnated between 2014 and 2017 while the Chinese economy was transitioning from being dependent on exports and infrastruc...Read More