25 June 2017
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NEWLY-FORMED ‘DE BEERS VENTURES’ WILL INVEST IN START-UPS
25 June 2017
De Beers has announced that it has created ‘De Beers Ventures’, an initiative formed to actively consider small investments in start-ups and growth companies.
SDIX TO TRIAL BLOCKCHAIN FOR DIAMOND TRADING
15 June 2017
The Singapore Diamond Investment Exchange (SDiX) has announced that it has entered into partnership with Kynetix and Everledger to complete the first part of a Proof-Of-Concept of a blo...
ALROSA Q1 FINANCIAL RESULTS: REVENUE DOWN 17% Y-O-Y
28 May 2017
Russian mining company Alrosa has released its IFRS financial results for the first quarter of 2017 (Q1 2017), reporting revenue of RUB 84.8 billion (US$1.5 billion).
AWDC ACCUSES BELGIAN BANKS OF UNREASONABLE DISCRIMINATION AGAINST THE DIAMOND INDUSTRY
02 April 2017
The Antwerp World Diamond Centre (AWDC), the Belgium diamond industry’s umbrella organization, has issued a statement strongly criticizing the local banks’ apparent refusal to make bank...
TIFFANY FULL YEAR RESULTS: WORLDWIDE NET SALES DOWN 3%
21 March 2017
Tiffany & Co. has published its financial results for the full year (Fiscal 2016) and the three months ended January 31, 2017 (Q4), reporting a 3 percent decline in the company’s worldw...
PETRA REPORTS H1 2017 RESULTS: DIAMOND PRODUCTION UP 24%; REVENUE UP 48%
24 January 2017
Diamond mining and exploration company Petra Diamonds Limited (Petra) has released its trading update for the first six months of the company’s fiscal 2017 ended 31 December 2016 (H1 20...
SHRENUJ LIQUIDITY PRESSURES TEMPORARY, SAYS COMPANY SPOKESPERSON
27 November 2016
Indian diamond and jewelry manufacturing company Shrenuj and Company (Shrenuj) has reportedly had its De Beers’ sight suspended, as the company faces some financial pressures.
ALROSA 2016 9M IFRS RESULTS: 48% INCREASE IN REVENUE
22 November 2016
Russian mining company Alrosa has announced its 2016 third quarter (Q3) and nine month (9M) IFRS results, reporting total revenue of RUB255.6 billion (US$4 billion) for the first nine m...
PETRA REPORTS FY2016 RESULTS ‘ROBUST’; DIAMOND PRODUCTION UP 16%
18 October 2016
Petra Diamonds Limited (Petra) has released its annual report for the fiscal year ended 30 June 2016 (FY 2016), which shows a 16 percent increase in rough diamond production, which reac...
INDIA APPROVES DIAMONDS FOR TRADING ON COMMODITY EXCHANGE
06 October 2016
In a recent press statement, the Securities and Exchange Board of India (SEBI) reports that the Indian government, on the recommendation of SEBI, has approved six new commodities for fu...
TRUE NORTH GEMS GREENLAND BANKRUPTCY UPDATE
18 September 2016
Earlier this month, True North Gems Inc. announced that its operating subsidiary in Greenland (76 percent share), True North Gems Greenland A/S, had initiated voluntary bankruptcy proce...
ALROSA’S IFRS H1 2016 RESULTS: REVENUE UP 42%
29 August 2016
Russian mining company Alrosa has released its IFRS financial results for the first half of 2016, reporting revenue of RUB 186.7 billion (US$2.87 billion), a 42 percent improvement when...
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