Diamonds

Angola’s new diamond trading policy yields positive results

Angola’s new diamond trading policy generated an average annual growth of gross revenue of about 8.5% in the past two years. googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');}); According to a media statement issued by Sodiam – the National Diamond Trading Company ...

Star Diamond starts legal proceedings against Rio Tinto

Canadian junior Star Diamond on Thursday started legal proceedings against Rio Tinto Exploration Canada (RTEC) to protect its interest in the Star-Orion South project, in Saskatchewan. Star Diamond last month flagged possible legal action over RTEC’s purported exercise in November 2019 of its four ...

Diamond sales collapse as China’s luxury shoppers stay at home

As coronavirus cripples the Chinese economy, hardly anyone there is buying diamonds. Diamond sales in China have collapsed since the outbreak of the virus as shoppers stay home. De Beers, the biggest diamond miner, said sales fell by more than a third last week, from its first sale of the year in Ja ...

Lucapa raises funds for kimberlite hunt

Diamond miner Lucapa Diamond Company will raise some A$2.8-million in a share placement to sophisticated and professional investors to advance exploration work at its Lulo kimberlite project, in Angola. The company on Wednesday said that it would issue more than 25.8-million shares, at a price of 11 ...

Alrosa steps up efforts to brighten up fluorescent diamond sales

Russia’s Alrosa (MCX:ALRS), the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wise slowdown that has hit small companies the hardest. googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');}); The state-owned compa ...

Coronavirus dampens diamond auction

(Kitco News) - "The results of our first auction of 2020 are in line with prior auctions of commercial quality emeralds and demonstrate a stable underlying market," said Banks. "It was however evident that the fallout of COVID-19--the corona virus--dampened what might otherwise have been a buoyant r ...

Gold Hits Seven Year High Due to Global Fears: Is a New Bull Market Upon Us? - Nathan McDonald (21/02/2020)

February 21, 2020 Sparked by a tidal wave of uncertainty surrounding the continued spread of the coronavirus, safe haven assets such as gold and silver bullion continue to move higher, with the king of metals reaching a seven-year high throughout Thursday’s trading session. (Chart source, gold ...

Billionaire Ayre Doubles Down on Bitcoin SV Bet – but Slams “Digital Gold” Thesis - Peter Diekmeyer (21/02/2020)

February 21, 2020 Calvin Ayre is doubling down on his biggest bet yet: in Bitcoin SV (BSV), a variant of the popular digital currency that he believes has the bandwidth to backstop a global payments system. The Bodog gambling brand founder claims that BSV is more in line with the “peer-to-pee ...

Petra adjusts cash flow target amid weak diamond market, coronavirus outbreak

London-listed Petra Diamonds has cut its cash flow targets amid a weak diamond market, owing to the coronavirus outbreak, which started to affect Chinese citizens late last year and has since spread to 24 countries. Reporting on its results for the six months ended December 31, Petra on Monday said ...

Alrosa’s diamond sales up 44% y/y in January

Russian diamond miner Alrosa's rough and polished diamond sales increased by 44% year-on-year to $405-million in January. This included $390.2-million worth of rough diamonds sold to third parties and $14.8-million of polished diamond sales. ...