Diamond stocks Articles

Diamonds Mining Companies Listed in All Countries

2020-07-14 / 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%1.231.251.012.122,605632.0  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

Jul 14, 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

US Import Slump Continues in May

Jul 13, 2020 / Rapaport News

RAPAPORT... US polished-diamond imports dropped heavily again in May, according to Commerce Department data, with Covid-19 shutting the global market and devastating demand. May is usually the strongest month for shipments as exhibitors send goods to the JCK Las Vegas show, which was canceled this year due to the pandemic. US Trade Data for May 2020Read More

Lucapa Revenue Plummets in Second Quarter

Jul 13, 2020 / Rapaport News

RAPAPORT... Sales of rough from Lucapa Diamond Company's Lulo mine in Angola plunged in the second quarter, as both the average price and carats sold fell sharply due to the coronavirus pandemic.Revenue slid 80% year on year to $2 million, the company said last week. Sales volume dropped 40% to 3,346 carats, while the average price slumped 67% to $594 per carat. The miner was unable to sell i...Read More

GemFair to Launch Training Program in West Africa

Jul 13, 2020 / Rapaport News

RAPAPORT... GemFair, De Beers' program for the artisanal sector, has partnered with two organizations on a training project to enhance mining practices in West Africa.It has signed a memorandum of understanding with Germany's Deutsche Gesellschaft fr Internationale Zusammenarbeit (GIZ) and the Mano River Union, a cross-border association comprising Sierra Leone, Liberia, Guinea and the Ivory...Read More

Hawaiians Buy the Biggest Diamonds - Shane Co.

Jul 13, 2020 / Rapaport News

RAPAPORT... Consumers in the state of Hawaii are purchasing engagement rings with an average diamond size of 1.20 carats, the largest in the US, according to Shane Co.The retailer and manufacturer, which claims to be the biggest privately owned jeweler in the US, surveyed data of its ring sales over a five-year period from 2015 to 2019. It also found the average diamond size across the countr...Read More

Vivid Heart-Shaped Fancies Fetch $18.6m

July 13, 20 / John Jeffay

(IDEX Online) - A pair of matching heart-shaped fancy diamonds - a vivid pink and a vivid blue - fetched a combined  price of $18.6m at Sotheby's in Hong Kong.The stones were sold as separate lots.  It is not known if they were bought separately or by a single bidder.The vivid blue diamond is described as 5.04-carat fancy heart modified brilliant-cut diamond with VS2 clarity, m...Read More

Coronavirus: Netanyahu Urged to Help Israel's Diamond Industry

July 13, 20 / John Jeffay

(IDEX Online) - The president of the Israel Diamond Exchange has made an impassioned plea for the government to help an industry that has lost $600m to COVID-19."We are turning to you with an urgent request to help the diamond industry, which is on the brink of collapse as a result of the coronavirus," says Yoram Dvash (pictured) in a personal letter to President Benjamin Netanyahu.He says 15,000...Read More

Dispute over $40m Princie Diamond will go to Trial

July 13, 20 / John Jeffay

(IDEX Online) - A long-running dispute over the ownership of the Princie, a $40m pink diamond sold by Christie's, is to go to trial in the USA.The exquisite 34.65-carat stone was sold to the Qatari royal family in April 2013 -  the highest price for any jewel sold by the auction house.But the family of the powerful Italian senator and newspaper magnate Renato Angiolillo, who died in 1973...Read More

Birks Sales Rise Pre-Pandemic

Jul 12, 2020 / Rapaport News

RAPAPORT... Birks Group's sales increased sharply in the latest fiscal year as three of its major retail stores reopened following renovations.The Canadian jeweler resumed trading at flagship sites in Vancouver, Toronto and Montreal during the 12-month period ending March 28. Group revenue climbed 12% to CAD 169.4 million ($124.7 million) for the year, while comparable-store sales - at branch...Read More

India Extends Deadline for Duty-Free Reimports

Jul 12, 2020 / Rapaport News

RAPAPORT... The Indian government has granted diamond companies extra time to ship polished goods back to the country after grading without incurring customs duty.At present, reimports are subject to the 7.5% levy once the diamonds have been outside India for three months. The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline by a further three months for all parcel...Read More

Pink and Blue Hearts Score Big for Sotheby's

Jul 12, 2020 / Rapaport News

RAPAPORT... Two fancy-colored, heart-shaped diamonds led the Magnificent Jewels sale at Sotheby's in Hong Kong, fetching a combined $18.7 million.The first, a 5.04-carat, fancy-vivid-blue, type IIb diamond, flanked by white diamonds, brought in $10.6 million, or $2.1 million per carat, beating its $9.7 million upper estimate. The 4.49-carat, fancy-vivid-pink, internally flawless diamond ring,...Read More

12ct. Blue Diamond Smashes Estimate at Christie's

Jul 12, 2020 / Rapaport News

 RAPAPORT... A fancy-intense-blue diamond ring was the top seller at Christie's in Hong Kong, crushing its high estimate at the first live Magnificent Jewels auction since the coronavirus pandemic began.The piece, featuring a marquise-cut, 12.11-carat, internally flawless stone, went for $15.9 million at the July 9 sale, against its high estimate of $12.3 million. The diamond sold follow...Read More

Alrosa's June Sales Dip to $31m

July 12, 20 / John Jeffay

(IDEX Online) - Alrosa reported another poor trading month in June, with sales of rough and polished totaling just $31.3m.That compares with $222.4m of like-for-like sales in June 2019.The Russian state-owned miner has revised down its production forecasts, postponed its July and August sales, suffered an 87 pr cent drop in profits and is pursuing a price-over-volume strategy as the COVID-19...Read More

Something New... $6,000 Diamond Face Masks for Bride and Groom

July 12, 20 / John Jeffay

(IDEX Online) - Diamond-studded face masks are becoming the latest fashion craze in Covid-hit India.They're popular with wedding couples, who will pay up to $6,000 for a washable N95 mask encrusted with real diamonds, according to Indian media reports. Masks with lab-grown diamonds start at around $800.Lockdown means the number of guests is limited, so there's more money available to add...Read More

Consumers Prefer Shops to Online for Diamond Purchases

July 12, 20 / John Jeffay

(IDEX Online) - Almost two thirds (62 per cent) of jewelry buyers say they'd rather buy a diamond from a bricks-and-mortar shop than online, says new research for De Beers.Even the digital-savvy Millennial and Gen-Z (those aged up to 40) still opt for in-store purchases (59 per cent), according to the Diamond Insight Flash Report, documenting the impact of COVID-19 on retail sales.Research am...Read More

Alrosa Monthly Sales Plummet Again

Jul 12, 2020 / Rapaport News

RAPAPORT... Alrosa's diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations."For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including the opportunity to defer purchasing contracted volumes," Alrosa deputy CEO Evgeny Agureev said Friday. "Alrosa will use all its a...Read More

Alrosa's June Sales Dip to $31m

July 12, 20 / John Jeffay

(IDEX Online) - Alrosa reported another poor trading month in June, with sales of rough and polished totaling just $31.3m.That compares with $222.4m of like-for-like sales in June 2019.The Russian state-owned miner has revised down its production forecasts, postponed its July and August sales, suffered an 87 pr cent drop in profits and is pursuing a price-over-volume strategy as the COVID-19...Read More

Rapaport Weekly Market Comment

Jul 09, 2020 / Rapaport News

Diamond trade uncertain amid spike in coronavirus infections and new restrictions in India and Israel. Prices firm for select goods as 1 ct. RAPI +1.9% in June. Investment demand for 0.50 to 1 ct., D, IF and bridal supporting the market. Rough trading significantly reduced as Surat factories close again for lockdown. Miners under pressure. Smaller producers willing to drop prices to generate sales...Read More

Pandora Benefits from Improved Store Traffic

Jul 09, 2020 / Rapaport News

RAPAPORT... Sales at Pandora improved towards the end of the second quarter as the majority of its stores reopened and consumer traffic increased following the coronavirus lockdown."The better-than-expected financial performance is a result of faster reopening of markets, slightly quicker traffic recovery to reopened stores, and continued strong online performance," the company said Wednesday...Read More