Financial

Expectoque quid ad id, quod quaerebam, respondeas. Satis est ad hoc responsum. Similiter sensus, cum accessit ad naturam, tuetur illam quidem, sed etiam se tuetur; Quodcumque in mentem incideret, et quodcumque tamquam occurreret. Iam id ipsum absurdum, maximum malum neglegi.

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Mountain Province Diamonds Inc. today announced that in light of recent events related to the Covid-19, it is delaying the release of its year end results, originally scheduled for March 16th, by one week to March 23rd 2020 after market hours, within the statutory period for the release of annual financial information.
 

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DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has published a thought leadership report entitled, ‘Diamonds Changing Forever’.
 
The report is available in Arabic and English, and can be downloaded online here: https://www.dmcc.ae/thought-leadership-diamonds
 

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A delegation of ALROSA's management, led by CEO Sergey Ivanov, met with representatives of the industry's largest banks and non-bank financial institutions to discuss the latest trends and developments in the diamond industry as part of a workshop hosted by the company.
 

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The second edition of CARAT+ recorded a total of 3,829 visitors during the three-day event, up from 2,927 last year, the organizers said.
                               
Among the visitors were diamond professionals, buyers and members of the press from 50 countries, including India, Hong Kong, Japan, China, Israel, the United Arab Emirates, the United States and the United Kingdom.
 

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The Union of Northern Workers, which represents unionized workers at Dominion Diamond's Ekati mine, is accusing Dominion of wanting to lay off 150 workers.
                                        
Dominion has threatened to lay off the workers and replace them with contractors due to "unsustainable" absenteeism. The union says the mining company has not backed up the claims.
 

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De Beers and the Antwerp World Diamond Centre (AWDC) are holding talks about potential cooperationin De Beers’ recently announced blockchain platform.
                                  

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Yoram Dvash, the President of the Israel Diamond Exchange (IDE) is calling for more credit to finance the diamond industry globally.

Dvash said the global diamond trade must work together to bring more financing to the diamond sector.

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Two economists have urged Botswana to undergo a second economic transformation. In a report compiled by Econsult Botswana, economists Dr Keith Jefferies and Sethunya Sejoe warned that diamond mining is unlikely to drive economic growth in future, but rather a foundation for current economic activity and income levels.

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Excelsior Capital Ventures (ECV) LLC is to provide "substantial liquidity" to the mid-stream diamond and jewelry industry.

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Rio Tinto’s 2015 Pink Diamonds Tender collection of 65 rare pink and red diamonds from its Argyle diamond mine produced excellent results "reflecting global demand and sustained price growth," the firm said.

Achieving the highest average price per carat since the tender began in 1984, the tender continued its double-digit price growth trajectory.

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