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Industry News

Lucara Reports $13.9m Loss

Thursday, August 13, 2020

The Canadian miner Lucara reported a Q2 loss of £13.9m, after choosing not to sell any of its larger stones. Last year it made a 0.7m profit in the same quarter. During Q2 2020 it sold smaller stones....
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Billionaire Buys $1.5m Diamond and Gold Face Mask

Thursday, August 13, 2020

A Chinese billionaire living in the USA has ordered the world's most expensive COVID-19 face mask - costing $1.5m. Teams of jewelers are working in shifts to set 3,608 natural black and white diamonds...
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Star Diamond in New Clash with Rio Tinto

Thursday, August 13, 2020

Canadian miner Star Diamond claims Rio Tinto, senior partner in a joint exploration project, may be to blame for damage to some sample stones. The two companies are already tangled in a legal row...
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Consumer Desire for Diamonds as Strong as Ever, says De Beers Boss

Thursday, August 13, 2020

The desire for diamonds is as strong as ever says De Beers boss Bruce Cleaver. He was launching the company's latest Global Sentiment Report, an assessment of consumer confidence in the wake of COVID-19....
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Coronavirus: Most Factories in Surat Still Closed, Despite Unlock 3.0

Wednesday, August 12, 2020

Fewer than a third of Surat's diamond factories have returned to work despite Unlock 3.0, an easing of restrictions by authorities in India. Owners have to cover the costs of mandatory COVID-19...
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Coronavirus: Botswana's Diamond Sales Down 64 per cent

Wednesday, August 12, 2020

Botswana, the world's top diamond-producing country by value, saw Q2 sales fall by almost two-thirds because of coronavirus. Pandemic-related travel bans and reduced outputs resulted in sales of just $294m...
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Jewelers Mutual Group Launches Transformational ZingTM Platform

Wednesday, August 12, 2020

Jewelers Mutual Group launched the ZingTM platform, created to drive the jewelry industry into the future. The Zing platform empowers jewelers, manufacturers, wholesalers, and others to conduct business digitally...
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Light at the End of Tunnel, says Dvash

Tuesday, August 11, 2020

There is light at the end of the tunnel for the diamond industry, says WFDB acting president Yoram Dvash. COVID-19 has become a fact of life, he tells members in a newsletter...
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Irish Billionaire Provides Liquidity Lifeline for Mountain Province

Tuesday, August 11, 2020

Canadian miner Mountain Province plunged into the red, reporting Q2 losses of $21.8m as COVID-19 brought demand to a virtual halt. But as the pandemic closed markets, globally, a "vital liquidity lifeline"...
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Alrosa's July Sales Down 79 per cent

Monday, August 10, 2020

Alrosa today reported another month of weak sales, with rough and polished totaling just $35.8m for July, down 79 per cent on last year. The Russian state-owned miner....
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