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Rockwell Diamonds' Production -5%
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Rockwell Diamonds reported that its production fell 5 percent year on year to 4,043 carats for the fourth quarter that ended on February 28. Rough diamond production from its Saxendrift property jumped 34 percent to 1,929...
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Mining
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May 07, 2013
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Jeff Miller
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De Beers 1Q Diamond Production +3% to 6M Carats
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Anglo American reported that its first quarter diamond production from De Beers rose 3 percent year on year to 6.4 million carats. The increase reflected improved grades, however, that was offset by lower production due...
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Rough Markets
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Apr 19, 2013
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Jeff Miller
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Diavik Diamond Mine's 1Q Production +21%
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Dominion Diamond Corporation, formerly Harry Winston Diamond Corporation, reported that diamond production at the Diavik diamond mine in Canada rose 21 percent year on year to 1.9 million carats during the first quarter, which ended...
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Rough Markets
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Apr 16, 2013
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Jeff Miller
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Rio Tinto's 1Q Diamond Production -4%
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Rio Tinto's diamond production fell 4 percent year on year to 3.24 million carats for the first quarter that ended on March 31.The company's Argyle diamond mine in Australia produced 1.99 million carats, representing a year-on-year...
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Rough Markets
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Apr 16, 2013
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Jeff Miller
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Petra Diamonds Records Net Loss of $15M
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Petra Diamonds Ltd. reported a net loss of $15.2 million for the six months that ended on December 31, as it accounted for losses from the sale of its Fissure mines. The miner reported a net loss...
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Mining
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Feb 25, 2013
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Dilipp S Nag
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ALROSA's Profit -38% in 1H 2012
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ALROSA reported that profit declined 38 percent year on year to $522 million (RUB 16.19 billion) in the first half of 2012 due to foreign-exchange losses from revaluation of dollar-denominated debt. Revenue, however, rose by 16 percent to $2.47 billion...
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Rough Markets
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Oct 04, 2012
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Dilipp S Nag
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Rockwell's 2Q Production +14%
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Rockwell Diamonds reported that rough diamond production grew 14 percent year on year to 4,218 carats for its second quarter, which ended on August 31. The company's Saxendrift and Jasper projects produced 1,876 carats,...
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Mining
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Sep 12, 2012
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Jeff Miller
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ALROSA Approves Production Development Plan Through 2021
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ALROSA's supervisory board approved, in principle, the company's production development plan through the year 2021. The key objectives are to ensure that ALROSA’s growth is primarily driven by its core-business of diamond-mining; retain leadership in the...
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Mining
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Jun 20, 2012
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Jeff Miller
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ALROSA's 1Q Production -19%
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ALROSA's rough diamond production fell 19 percent year on year to 8.088 million carats in the first quarter, according to the company's executive committee meeting minutes published today. The committee also approved the concept of developing...
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Mining
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May 25, 2012
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Jeff Miller
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ALROSA's FY Revenue +21%, Profit +126%
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ALROSA reported that revenue rose 21 percent year on year to $4.4 billion (RUB 137.73 billion) and profit surged 126 percent to $856 million (RUB 26.7 billion) for fiscal-year 2011. The cost of sales fell...
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Mining
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May 17, 2012
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Jeff Miller
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Rockwell Updates 4Q Sales to $6M
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Rockwell Diamonds updated a preview of its fourth-quarter rough sales for fiscal-year 2012, during which company proceeds reached $6 million for 5,795 carats. During Rockwell's fourth-quarter of fiscal-year 2011, revenue exceeded $9.2 million. The...
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Rough Markets
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May 02, 2012
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Jeff Miller
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Rockwell's 4Q Production +77%
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Rockwell Diamonds will report its fiscal 2012 financial results in May, but today the junior miner updated investors on its production results for the fourth-quarter. Rockwell Diamonds' total production rose 77 percent to 4,022...
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Mining
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Apr 17, 2012
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Jeff Miller
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Lucara's Sales Approach $15M in 2011
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Lucara Diamond sold approximately $14.6 million worth of rough diamonds in two sales during 2011, its first year of recording diamond revenue. The mining company's net loss in 2011 came to $18.7 million compared with...
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Financial-Legal
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Mar 23, 2012
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Jeff Miller
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BHP's Diamond Production -32% in 1H
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BHP Billiton reported a drop in diamond production at its Ekati diamond mine in Canada for the six months that ended on December 31, 2011. The mining giant recovered 938,000 carats during its first fiscal-half,...
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Mining
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Jan 17, 2012
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Jeff Miller
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Kiran Gems Increases Manufacturing Strength
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Kiran Gems Private Ltd. recently upgraded its equipment to enhance its manufacturing strength. The company stated that it has increased the number of laser bruiting machines, which significantly enhance time efficiency and quality...
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Manufacturing
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Dec 01, 2011
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Dilipp S Nag
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Diamond News Broadcast
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Download MP3 audio. The August Diamond Trading Company (DTC) sight experienced an average price increase of 4% to 8% and the overall sight estimate was up 48% year on year. But most of that increase was due to rough...
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Rough Markets
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Aug 24, 2011
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Rapaport News
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Diamond News Broadcast
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Download MP3 audio. With India's international jewelry week in full swing there is a strong sense of optimism heading into IIJS. Rapaport Research says the diamond markets quieted a little in July and there was some...
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Polished Markets
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Aug 03, 2011
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Rapaport News
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Global Diamond Production +39% to $12B in 2010
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Global rough diamond production rose 39 percent by value in 2010 to $12 billion, according to Kimberley Process statistics released today. The production total was still below the peak year of 2008, when production totaled $12.73...
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Rough Markets
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Aug 01, 2011
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Jeff Miller
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Diavik's 2Q Carat Production +11%
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Harry Winston Diamond Corporation reported that the Diavik diamond mine produced 1.79 million carats during the second quarter of 2011, representing an increase of 11 percent year on year. Harry Winston's share in Diavik is 40 percent and Rio Tinto's share is 60 percent. Diavik's full-year target production remains at 6.9...
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Rough Markets
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Jul 14, 2011
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Jeff Miller
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ALROSA 2010 Profits Soar, Lowers Debt
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ALROSA reported a 45 percent increase in revenue for 2010 to $3.98 billion (RUB 113.39 billion) and net profit rose to $414 million (RUB 11.8 billion) from $122 million in 2009. These results were filed under International Financial Reporting Standards (IFRS), which typically follows financial reporting...
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Financial-Legal
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May 25, 2011
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Jeff Miller
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