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Impacted by Weak Demand for Smalls ALROSA Revises 2018 Sales Guidance
Nov 12, 2018
ALROSA releasing its IFRS financial results for Q3 and 9M 2018 said that revenue for the nine-month period increased by 11% to RUB 238 billion “on the back of higher price index and average diamond selling prices and a better sales mix”. This, the Company stressed, was achieved despite a 9% drop in sales in terms of carats.
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World Diamond Council to Focus on Reforms at Kimberley Process Plenary Meeting
Nov 12, 2018
The Kimberley Process Plenary Meeting which began today in Brussels, Belgium and is slated to end on November 16, 2018, will be witnessing some significant and crucial discussions.
News
Rio Tinto’s Argyle Pink Diamonds Tender Delivers Record Results
Nov 12, 2018
Rio Tinto’s 2018 Argyle Pink Diamonds Tender delivered record results with a double digit price growth, reflecting both the strong global demand for fancy coloured diamonds and the fact that these extremely rare diamonds are becoming even scarcer, due to the Argyle mine in Australia approaching the end of its mine life. The collection comprised 63 rare pink, red and violet diamonds.
News
Sarine Q3 Revenue Rises 4%, Profitability Improves Despite Challenges in Midstream
Nov 12, 2018
Sarine Technologies Ltd reported a 4% rise in revenue to US$ 11.7 million during the three-month period ended September 30, 2018 (Q3), with improved profitability despite cyclical weakness and other macro-economic challenges in the diamond polishing midstream.

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