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Rosy Blue Renews ALROSA Rough Supply Contract
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Rosy Blue signed a new long-term rough diamond supply deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
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Rough Markets
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Dec 19, 2012
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Dilipp S Nag
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Global Gold Demand -14% at $58B in 3Q
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The value of global gold demand fell 14 percent year on year to $57.61 billion in the third quarter of 2012 reflecting a challenging global economic climate, according to the World Gold Council (WGC).WGC published its quarterly ''Gold...
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Retail
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Nov 15, 2012
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Dilipp S Nag
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No Time Pressure on Rio Tinto Diamond Review
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Rio Tinto said it’s under no time constraints to decide on the future of its diamond business, stressing that it will review all of its options, including a possible divestment from the industry.The company announced in March that...
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Mining
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Sep 13, 2012
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Dilipp S Nag
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Global Gold Demand Flat at $51B, Volume -7% in 2Q
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The value of global gold demand remained relatively flat at $51.2 billion in the second quarter of 2012, having totaled $51.6 billion during the same period of 2011, according to the World Gold Council (WGC), which...
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Retail
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Aug 16, 2012
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Dilipp S Nag
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Rough Prices to Remain Flat in 2012 Says BMO
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Rough diamond prices are likely to remain flat at current levels in 2012 given near-term economic uncertainty, BMO Capital Markets projected.“The 2012 outlook for rough diamond prices appears to be more muted,” said BMO analysts...
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Rough Markets
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Jun 11, 2012
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Dilipp S Nag
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Global Gold Demand +16% to $60B in 1Q
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Global demand for gold rose 16 percent year on year to $59.7 billion in the first quarter of 2012 driven by increased orders out of China, purchases from central banks and inflows into exchange-traded funds (ETFs), according...
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Retail
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May 17, 2012
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Dilipp S Nag
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Rough Markets
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Mar 28, 2012
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Dilipp S Nag
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Asian Demand, Tighter Supplies are Main Drivers in 2012
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Global diamond demand is likely to grow at a ''fairly nice'' pace, driven by consumers across Asia coupled with tighter supplies in the absence of any new big diamond mines, said Varda Shine, the chief executive of the...
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Rough Markets
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Feb 20, 2012
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Dilipp S Nag
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SRDSIL Buys $5M Worth of Rough from ALROSA
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Surat Rough Diamond Sourcing (India) Ltd. (SRDSIL), a consortium of Indian diamantaires, has purchased rough worth $5.2 million from ALROSA, its first direct supply from the Russia-based diamond mining company."They had some...
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Rough Markets
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Nov 22, 2011
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Dilipp S Nag
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Rough Markets
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Aug 01, 2011
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Ricci Dipshan
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