Diamond stocks Articles

Diamonds Mining Companies Listed in All Countries

2020-05-25 / 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

May 25, 2020 / 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

Alrosa Cuts 2020 Production Plan

May 24, 2020 / Rapaport News

RAPAPORT... Alrosa is set for its lowest annual rough-diamond production in at least a decade, after the Russian miner reduced its outlook by up to 6 million carats due to the weak market.The company now expects to produce 28 million to 31 million carats this year, compared with an earlier plan of around 34 million carats, it said Friday.It will achieve this by shutting mines containing lower...Read More

Dominion to Sell Assets in Bid to Avoid Bankruptcy

May 24, 2020 / Rapaport News

RAPAPORT... Dominion Diamond Mines has agreed to an asset sale that would allow it to resume mining operations and avoid bankruptcy.The deal, which is subject to court approval, would provide an affiliate of the Washington Companies - which purchased Dominion for $1.2 billion in 2017 - with the right to acquire all of Dominion's assets for approximately $126 million. The affiliate would also...Read More

RJC Elects New Board Members

May 24, 2020 / Rapaport News

RAPAPORT... The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior vice president of international relations and ethical initiatives for De Beers, as well as Matthew Kilgariff, the council's honorary secretary and director of co...Read More

Dig-Your-Own Diamond Mine Re-opens after COVID-19

May 24, 20 / John Jeffay

(IDEX Online) -  One of the world's more unusual diamond mines  - a dig-your-own family attraction in Arkansas, USA - has reopened after state lockdown rules were eased.Visitors pay $10 a day to sift the soil of a plowed field at the Crater of Diamonds State Park, near Murfreesboro, and keep whatever they find.Diamonds were first discovered there in 1906 by a farmer who owned the 37...Read More

Traders Retrieve their Diamonds as Lockdown Eases in Surat

May 24, 20 / John Jeffay

(IDEX Online) - Traders and merchants in India have been crowding outside private vaults to retrieve their diamonds, after lockdown rules were finally eased. Authorities in Surat, the cut-and-polish hub, have allowed factories and workshops to resume production with up to half their staff, providing they follow strict guidelines on sanitizing and social distancing. Security companies that operate...Read More

De Beers to Clear Site of Ill-Fated Mine that Cost $2.2bn

May 24, 20 / John Jeffay

De Beers has been given permission for a long-term clean-up at the site of its ill-fated Snap Lake mine, in Canada.   The company invested over $2.2bn in its first mining project outside Africa.   Snap Lake (pictured) had an expected 15-year life when it opened in July 2008, but was closed seven-and-a-half years later, after a decline in diamond prices and ongoing water problems at...Read More

Rapaport Weekly Market Comment

May 21, 2020 / Rapaport News

Diamond trading remains at historic lows due to reduced demand and continued lockdown in important US market. Service providers resume operations. GIA opens five global labs. Israel Diamond Exchange to unlock trading floor on May 24. Focus shifting to marketing strategies to stimulate recovery, with emphasis on digital channels. Diamonds as symbol of values and emotional connection to be central t...Read More

Sotheby's to Hold Magnificent Jewels Sale in June

May 21, 2020 / Rapaport News

RAPAPORT... Sotheby's will hold its Magnificent Jewels and Noble Jewels auction in Geneva in June, its first live sale since the onset of the coronavirus pandemic.The auction will be held in two parts, Sotheby's told Rapaport News Wednesday. The first portion, an online sale, will run from June 16 to 24, and will include jewelry from the 19th century through the present day, from jewelers suc...Read More

JBT Appoints New Chairman

May 21, 2020 / Rapaport News

RAPAPORT... The Jewelers Board of Trade (JBT) has chosen Ann Arnold, chief strategy officer for Buyers Intelligence Group (BIG), to head its board of directors.Arnold, who was appointed at the company's April 30 board meeting, has volunteered with the JBT for nearly 12 years, and has previously served as vice chairman. She will succeed outgoing chair Mike Kaplan, the JBT said Wednesday.An ind...Read More

Surat Diamond-Cutting Sector Reopens

May 21, 2020 / Rapaport News

RAPAPORT... The Indian government has allowed diamond businesses in Surat to reopen with limited staff numbers following concerns the shutdown was causing an exodus of workers.Companies can now employ 50% of workers in factories and 33% in offices, Surat Diamond Association (SDA) president Babubhai Kathiriya told members in a note Wednesday, seen by Rapaport News. Previously, only eight diamo...Read More

US Watch and Jewelry Sales Plunge 27.2 per cent

May 21, 20 / John Jeffay

Total sales of watches and jewelry in the USA plunged in March, compared with same month last year, down by 27.2 per cent. It is an unprecedented fall, driven by unprecedented events. The effects of the COVID-19 pandemic were reflected to some extent in February's year-on-year figure, which saw a slowdown, but still some positive growth (up 3.4 per cent).The disastrous figure for March is the...Read More

Majority Miner Can Hold on to Dominion's Share of Diamonds

May 21, 20 / John Jeffay

(IDEX Online) - A judge has ruled that the Rio Tinto subsidiary DDMI can temporarily withhold diamonds from its troubled joint venture partner Dominion. DDMI and Dominion have a 60/40 split ownership of the Diavik mine in Canada's Northwest Territories.But Dominion has been in creditor protection since April after closing its other mine, Ekati, also in Northwest Territories, because of C...Read More

What Can the Pandemic Teach Us?

May 20, 2020 / John Costello

RAPAPORT... How we manage disruption and upheaval will always be a defining moment. And the lessons we learn during these challenging times will be vital to our future longevity. What we have experienced as an industry over the last several months is unprecedented. Now that we are slowly emerging from the peak of this crisis, it is time to understand what the COVID-19 pandemic can teach us.On...Read More

Swarovski Hires First Creative Director

May 20, 2020 / Rapaport News

RAPAPORT... Swarovski has appointed Giovanna Battaglia Engelbert as its first creative director as part of the company's new business realignment.Engelbert, who has worked as a creative director, international editor and fashion consultant for luxury brands for more than 20 years, was already serving as a creative consultant for Swarovski's business-to-business (B2B) division, the crystal mak...Read More

India Trade Delays Import Freeze to June 1

May 20, 2020 / Joshua Freedman

RAPAPORT... The Indian diamond trade has postponed its one-month freeze on rough imports until June 1 to give companies more time to complete outstanding shipments.The Gem & Jewellery Export Promotion Council (GJEPC) and four other industry bodies had originally called for a pause in imports from May 15. They announced the plan on April 23, allowing around three weeks to import goods they...Read More

Why Melania Ditched Donald's Flawless 15-carat Graff Diamond

May 20, 20 / John Jeffay

(IDEX Online) - First Lady Melania Trump traded up the 15-carat Graff diamond engagement ring Donald gave her, for an even bigger and more expensive rock. The president-to-be gave her a premium D-color, FL, emerald-cut diamond ring, before they wed in 2005. But the former Solvenian model, aged 50, later had the stone replaced with a 25-carat diamond, according to British newspaper The Daily Expres...Read More

Surat Diamond Factories in Peril as Half the Workforce Goes Home

May 20, 20 / John Jeffay

Many of Surat's diamond factories will not survive COVID-19, industry sources have warned, as India's went into "Lockdown 4.0". As many as 90 per cent of the city's 5,000 units are small, unregistered and vulnerable. They're also less able to implement any kind of social distancing rules, likely to be implemented when lockdown eases.The nature of cutting and polishing typically...Read More

DPA to Rebrand, Abandon 'Real Is Rare'

May 19, 2020 / Rapaport News

RAPAPORT... The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name, drop the "Real Is Rare" tagline and introduce a new advertising campaign for the holidays.Starting June 1, the marketing group will unveil a fresh identity and launch new consumer and trade websites and social-media campaigns, David Kellie, the DPA's new CEO, said Tu...Read More