Author Archives: yesweus - Page 30
DDI, UL Extend Tie-Up To Monitor Artisanal Diamond Miner Certification
The Diamond Development Initiative (DDI) announced a partnership with UL Consumer and Retail Services that will strengthen its implementation and auditing of Maendeleo Diamond Standards — the DDI-developed certification process tailored for artisanal…
$361M Provision By Anglo American, Other SA Gold Miners To Settle Case
Six gold mining firms, including Anglo American, have made a $361 million (ZAR 5 billion) provision to settle a class action law suit with thousands of miners who contracted fatal…
Mainland China Recovery Drives Chow Tai Fook H1 Revenue +15% To $3.2B
Hong Kong-listed Chow Tai Fook Jewellery Group, which has a major retail footprint in mainland China, announced its interim results for the six months ended September 30, reporting revenue of…
Constellation Diamond To Yield 325 Ct. & 100 Ct. D-IF Polished Stones
The 813-carat Constellation Diamond, which was discovered in Botswana’s Karowe Mine by Canadian producer Lucara in 2015, is to be cut and polished in Israel and is expected to yield…
Signet Q3 Same Store Sales -5%, Lowers Whole Year Guidance
Signet Jewelers Limited announced its financial results for the third quarter of fiscal 2018 — the 13 weeks ended October 28, 2017. Same store sales were down 5 percent. Signet said…
De Beers Plans $142M World’s Largest Offshore Diamond Mining Ship
Debmarine Namibia, an equal equity joint venture between the Namibian government and De Beers, today announced it is planning to construct the world’s largest custom-built diamond mining vessel. The new vessel, which…
ALROSA Fancy-Coloured Polished Diamond Tender In Israel Nets $1.2M
An auction in Israel of fancy-coloured diamonds by DIAMONDS ALROSA, the large-size cutting and polishing division of Russian diamond mining major ALROSA, generated revenue of $ million, the company reported.…
De Beers Southern Africa Jewellery Design Award Final Shortlist
De Beers announced the nine regional finalists in this year’s Shining Light Awards, which recognise emerging jewellery designers in Botswana, Namibia and South Africa and provide them with a platform…
Lower Prices, Stronger Ruble Hit ALROSA 9-Month Sales, Profit
Russian state-controlled diamond miner ALROSA announced earnings of RUB billion ($ billion) and a net profit of RUB billion ($ billion) for the first nine months of 2017. The revenue…
Signet Renews Funding For DDI High School Program In DRC
The Diamond Development Initiative (DDI) announced that Signet Jewelers had renewed its commitment to access to education for children in the Democratic Republic of Congo (DRC), through a grant that…