Diamond stocks Articles

Diamonds Stocks List | Diamonds Mining Companies Listed in All Countries (2021)

2021-10-18 / Staff reporter

Compare(Show all)CompanyTickerLast Price (native)Change (native)Change (%)Day LowDay High52 Week Low52 Week HighVolumeMC (M CAD$)  Rio Tinto Ltd.RIO.AX100.51-0.910-0.91%99.14100.6290.04137.331,509,601147,903.6  Anglo American plcAAL.L2,879.5052.7481.83%2,892.502,936.001,747.113,492.831,814,21868,022.6  Petra Diamonds Ltd.PDL.L1.72-0.020-1.16%1.601.731.202.7413,111,749...Read More

Rough Diamond Breaks Dubai Record with $5M Sale

Oct 17, 2021 / Rapaport News

RAPAPORT... Trans Atlantic Gem Sales (TAGS) garnered $5.2 million from the tender of a 118.58-carat rough diamond in Dubai, setting a local record.The price was the highest for any rough stone sold on the Dubai Diamond Exchange (DDE) tender floor, the bourse reported Thursday. The piece fetched $44,004 per carat."The stone generated huge interest from the leading specialist manufacturers from...Read More

Alrosa Rough Prices Hit Three-Year High

Oct 17, 2021 / Rapaport News

RAPAPORT... Alrosa's rough-diamond prices have reached their highest level since late 2018 as scarcities prevented the Russian miner from meeting strong demand.The company's rough-price index, which tracks like-for-like valuations, jumped 22% year on year in the third quarter and rose 10% versus the previous three months, it reported Friday.While the diamond market's recovery from the Covid-1...Read More

Lower Grades Dent Rio Tinto Production

Oct 17, 2021 / Rapaport News

RAPAPORT... Rio Tinto's rough-diamond production from its Diavik mine in Canada fell in the third quarter amid the recovery of lower-grade ore.Output dropped 17% year on year to 834,000 carats for the three months ending September 30, the company said last week. The decline also reflected the processing of lower volumes of ore during the period. Output slipped 2% from the previous quarter.For the...Read More

Australian Mine Unearths World's Second "Russian Doll" Diamond

October 17, 21 / John Jeffay

(IDEX Online) - Miners in Australia have unearthed the world's second ever Matryoshka or Russian doll diamond. The 0.844-carat flat, triangular gem has a cavity that contains another tiny diamond, reckoned to be just 0.001-ct, which can freely roll around inside.It was discovered by India Bore Diamond Holdings (IBDH) in the southern part of the Ellendale alluvial deposit, in Western Aust...Read More

Dubai's Record Rough Diamond Sells for $5.2m

October 17, 21 / John Jeffay

(IDEX Online) - Dubai's Diamond Exchange has sold its most expensive rough stone ever - a 118.58-ct diamond that went for just over $5.21m.It was the highlight of the Trans Atlantic Gem Sales (TAGS) October tender, which raised a total of $35.57m.The record-breaking diamond is described as being of "exceptional color and clarity". The price paid per carat was $44,004.TAGS sold 88.9 per cent o...Read More

Al Capone's Patek Philippe Sells for $223,000 (His Favorite Gun Fetches $1m)

October 17, 21 / John Jeffay

(IDEX Online) - Al Capone's diamond-encrusted platinum Patek Philippe pocket watch has sold for for $229,900, way above its $25,000 to $50,000 estimate.The watch - no longer working - is set with 90 single cut diamonds (.02-ct each / VS / EF).The condition report said: "Not working at present time. Dial is yellowed. Missing minute hand. Some rust on center post."It was among 174 lots sold by...Read More

US Retail Sales Jump Amid Boost from Delta Variant

Oct 17, 2021 / Rapaport News

RAPAPORT... US retail sales rose in September as consumer fears over the Covid-19 Delta variant redirected spending toward goods rather than services, the National Retail Federation (NRF) said.Revenue grew 0.7% versus the previous month and jumped 14% over the same period a year ago, according to data the US Census Bureau reported last week. That compares to a 0.9% month-on-month increase in Augus...Read More

Rapaport Weekly Market Comment

Oct 14, 2021 / Rapaport News

Rising expectations for US holiday season as retailers see strong sales momentum. Major jewelers carrying good inventory and hoping to capitalize on shipping delays affecting electronics and appliances. Signet Jewelers raises 4Q forecast, agrees to buy Diamonds Direct for $490M. LVMH 3Q jewelry sales +125% to $2.5B, buoyed by Tiffany acquisition. China outlook cautious after drop in domestic touri...Read More

De Beers Reaches 20-Year Deal with Namibia

Oct 14, 2021 / Rapaport News

RAPAPORT... De Beers' joint venture with the Namibian government has secured a new long-term business plan that will generate an extra 20 years of production from the country's land-based mining operations.Namdeb's land operations were due to finish their life span at the end of 2022 because of "unsustainable economics," De Beers said Thursday. However, a "series of positive engagements" betw...Read More

Profits Return at Hong Kong Jeweler TSL

Oct 14, 2021 / Rapaport News

RAPAPORT... Tse Sui Luen (TSL), one of Hong Kong's large jewelry retailers, went back into the black in the past six months as the Chinese market returned to strength, management estimated in a preliminary update.The company expects to report profits of at least HKD 2 million (around $257,000) for the first fiscal half ending September 30, it said Tuesday. While the figure is small, it repres...Read More

Chow Tai Fook Sales Rise in China and Hong Kong

Oct 14, 2021 / Rapaport News

RAPAPORT... Retail sales at Hong Kong-based jeweler Chow Tai Fook rose 56% year on year in the second fiscal quarter as consumer demand persisted.The mainland China business drove the growth during the three months ending September 30, as did sales of gold jewelry, according to data the company released Tuesday. However, Hong Kong also saw an improvement relative to last year, as the worst of...Read More

Lucapa Raises 2021 Forecast Amid Strong Demand

Oct 14, 2021 / Rapaport News

RAPAPORT... Lucapa Diamond Company has raised its revenue guidance by up to 27% for the full year amid continuing positive market conditions.The Australia-based miner expects revenue for 2021 to be between AUD 66 million ($48.9 million) and AUD 71 million ($52.6 million), compared to the AUD 50 million ($37 million) to AUD 56 million ($41.5 million) it forecast in May, it said Thursday. The rise r...Read More

Sotheby's Rakes In $50M at Hong Kong Auction

Oct 14, 2021 / Leah Meirovich

RAPAPORT... Sotheby's garnered $50 million from its Hong Kong sale Tuesday, even as several big-ticket items failed to find buyers.A ring featuring an emerald-cut, 3.01-carat, fancy-vivid-blue, VS1-clarity, type IIb diamond  was the top seller, Sotheby's told Rapaport News Wednesday. That piece, which also contains two modified triangular brilliant-cut, fancy-pink and fancy-intense-...Read More

Pigeon's Blood Ruby Ring could sell for $4.5m

October 14, 21 / John Jeffay

(IDEX Online) - A ring with diamonds and a giant 8.11-ct pigeon's blood ruby - so-named because of its vivid crimson hue - is to be sold by Christie's Hong Kong with a high estimate of $4.5m.It will lead the Magnificent Jewels Auction on 28 November.The sale features additional high-value pigeon blood rubies - a pair of earrings with gems weighing 5.19-cts and 5.03-cts, and a high estima...Read More

Fraud Beater: Laser-Inscriptions Below the Diamond's Surface

October 14, 21 / John Jeffay

(IDEX Online) - A diamond tech company is introducing laser inscriptions below the stone's surface, to deter fraud.That means the unique identifier can't be removed without dramatically altering the stone.US-based PhotoScribe Technologies says the subsurface technology it's using was developed some years ago but was "a solution looking for a problem".Its newly-launched PermaScribe p...Read More

Michael Hill's Same-Store Sales Rise in First Quarter

Oct 13, 2021 / Rapaport News

RAPAPORT... Australian jeweler Michael Hill reported strong same-store sales in the first fiscal quarter amid robust consumer demand and a reopening of the Canadian market.Same-store sales - at branches open more than a year - rose 16% year on year to AUD 102.2 million ($74.9 million) during the three months ending September 26, the company said Tuesday. Group sales slipped 10% to AUD 107.6 millio...Read More

Another 'Diamond Inside a Diamond' Comes to Light

Oct 13, 2021 / Rapaport News

RAPAPORT... India Bore Diamond Holdings has found a piece of rough containing a separate diamond inside it.The 0.84-carat outer diamond is near-colorless, while the smaller inner stone resides in a tiny cavity and can move around freely, the Australian miner said Wednesday. India Bore discovered the specimen at the Ellendale mine in West Kimberley, Australia, where it operates a portion of the sit...Read More

LVMH Jewelry Sales Get Boost from Tiffany

Oct 13, 2021 / Rapaport News

RAPAPORT... LVMH saw sales of jewelry and watches surge in the third quarter, buoyed by a strong performance from Tiffany & Co.Revenues from the category jumped 125% to EUR 2.14 billion ($2.48 billion) in the three months ending September 30, LVMH reported Tuesday. Sales for the segment also beat pre-pandemic levels, increasing 90% versus the same period of 2019. However, the figure for both t...Read More

Bank Failed to Spot Jeweler's $500m Money Laundering Scam

October 13, 21 / John Jeffay

(IDEX Online) - A British high street bank is facing a huge fine for failing to prevent a jewelry wholesaler from laundering almost $500m.NatWest could be ordered to pay up to $463m following an historic prosecution by financial regulators. The exact amount of the fine will be determined at another hearing, on 8 December.It's the first time a bank has been prosecuted under the Money Laun...Read More