Recent articles

ALROSA Supervisory Board Elects Anton Siluanov as Chairman

Members of ALROSA Supervisory Board voted to approve Anton Siluanov, Minister of Finance of the Russian Federation, as Chairman of the Supervisory Board.

Yegor Borisov, Head of the Republic of Sakha (Yakutia), was elected as First Deputy Chairman of the Supervisory Board. Alexander Galushka, Minister for the Development of the Russian Far East, remains as Deputy Chairman of the Supervisory Board.

Botswana's Okavango First-Half Diamond Sales Up 9 Percent

Botswana's Okavango Diamond Company (ODC) posted an increase in sales of 9 percent to $309 million in the first half of this year resulting from an improvement in demand.

The state-owned company sold 1.8 million carats in five auctions held in the January-June period.

"In volume terms, there was a 3 percent rise on the year, indicating a higher per carat price had been achieved.

KP Meeting Opening Disrupted by Chinese Protest Against Taiwan Delegation

The first day of the Kimberley Process Intersessional Meeting in Perth on May 1 was disrupted by the Chinese delegation which opposed the presence of the Taiwanese group.

Australia complained to China's ambassador to the country following the disruption, which was described by one attendee as "extraordinary".

China sees Taiwan as a breakaway province which will eventually be reunited with the mainland. It insists that other countries cannot have diplomatic relations with both China and Taiwan.

De Beers Group Returned $5 Billion To Its Partners in 2016

De Beers increased returns to governments, communities, supply chain partners and its joint venture partners by 26 percent to $5 billion in 2016, the miner said in its latest Report to Society.

The rise, delivered through taxes, payments for goods and services and dividends, reflects De Beers Group’s improved financial and operating performance in a year that it signed a milestone sales agreement with its Government partner in Namibia and opened the Gahcho Kué diamond mine in Canada, the miner said in a statement.

De Beers Pioneering Carbon-Neutral Mining Research Program

De Beers Group has announced a research project to deliver carbon-neutral mining at some of the company’s operations in as few as five years.

“The company’s scientists are working in close collaboration with a team of internationally-renowned scientists to investigate the potential to store large volumes of carbon at its diamond mines through the mineralization of kimberlite ‘tailings’, the material that remains after diamonds have been removed from the ore.

Anglo American Reports De Beers Sales Up On Year In First Quarter

Rough diamond sales in Q1 2017 were 14.1 million carats, Anglo American reported.

There were three Sights in the quarter this year compared with two in the year-earlier Sight.

"This increase reflected stronger demand in Sight 1 2017, particularly for lower value goods in stock at December 31, 2016," reported thediversified miner which owns 85 percent of De Beers.

De Beers' rough diamond production increased by 8 percent to 7.4 million carats in the first quarter compared with Q1 2016.

Christie’s To Auction 92-Carat La Légende Diamond

Auctioneer Christie’s sale of Magnificent Jewels on May 17 in Geneva will feature La Légende, a 92-carat D color Flawless heart-shaped diamond pendant signed by Boehmer et Bassenge.

Pandora Opening First Concept Store In India

Pandora's new concept store in the 'Mall of India', in the Noida area of Delhi, is the first of around 50 concept stores to be opened in India over three years.

The official opening of the first Pandora concept store in India took place on April 19.

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