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Rockwell's 4Q Revenue +11%, Loss Narrows to $4M
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Rockwell Diamonds reported that revenue increased 11 percent year on year to $9.1 million for the fourth quarter that ended on February 28. The average per carat value of rough diamonds sold rose 30 percent to $1,355...
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Mining
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May 24, 2013
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Jeff Miller
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ALROSA's 1Q Production -8%, Sales +5% to $1B
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ALROSA's rough diamond production fell 7.5 percent year on year to 7.48 million carats for the first quarter that ended on March 31. However, rough and polished diamond sales in the first quarter jumped...
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Rough Markets
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May 24, 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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Rough Markets
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Feb 13, 2013
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Dilipp S Nag
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Polished Markets
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Jan 29, 2013
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Dilipp S Nag
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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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China's Rough Diamond Deals May Impact Surat Industry
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Surat’s diamond manufacturing sector is facing increased competition from China, putting a dent the Indian city’s status as a leading polishing and cutting hub. A report by the Associated Chamber of Commerce and Industry of India (ASSOCHAM) noted...
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Manufacturing
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Dec 05, 2012
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Dilipp S Nag
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Gemfields' Auction Nets $27M in Singapore
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Gemfields raised $26.8 million from its auction of predominantly higher-quality rough emerald and beryl in Singapore between October 29 and November 2, 2012.The company offered about 925,000 carats for sale of which 902,000 carats were...
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Rough Markets
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Nov 07, 2012
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Dilipp S Nag
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Strong Demand at Rio Tinto’s Large Rough Diamond Tender
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Rio Tinto witnessed strong bidding for its recent sale of rough diamonds larger than 10.8 carats.The company offered 94 parcels of diamonds in the tender, including 26 weighing more than 20 carats. "[The diamonds] attracted very...
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Rough Markets
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Nov 07, 2012
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Dilipp S Nag
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SRDSIL Opens New Office in Surat
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Press Release: Surat Rough Diamond Sourcing (India) Ltd. (SRDSIL) is pleased to announce the opening of its new office and rough diamond center at C/401-403, Diamond World Building, Mini Bazar, Varachha Road, Surat – 395007.The...
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Rough Markets
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Nov 05, 2012
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SRDSIL
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Rough Markets
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Oct 25, 2012
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Dilipp S Nag
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Rio Tinto Creates a Large Rough Diamond Tender
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Rio Tinto launched a ''Specials Tender,'' which showcases fine rough diamonds, greater than 10.8 carats, from a year’s worth of production from its three operating diamond mines in Australia, Canada and Zimbabwe.The collection comprises...
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Rough Markets
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Oct 04, 2012
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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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CARE Assigns 'A4+' Rating to Ambika Diamonds Bank Facilities
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CARE Ratings assigned “CARE A4+” rating to Ambika Diamonds' short-term bank facilities, estimated at $4.5 million (INR 240 million), based upon the capital deployed by the partners and the current financial strength of the firm.The rating is primarily constrained by low profitability and cash accruals of Ambika...
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Polished Markets
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Sep 28, 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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India, Belgium Ministers Meet to Strengthen Ties
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India called for institutional cooperation between the Antwerp World Diamond Centre (AWDC) and domestic diamond facilities, mainly in the areas of diamond and gemstone grading and sorting, research and development, certification and...
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Polished Markets
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Aug 03, 2012
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Dilipp S Nag
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Global Rough Production Reaches a Plateau
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Global rough diamond production has plateaued with declining output at the world’s major mines and no significant new sources, according to a report by Metals Economics Group (MEG).MEG noted that only two relatively small new...
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Rough Markets
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Jul 31, 2012
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Dilipp S Nag
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White Diamond's 1Q Sales -90%
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White Diamond Industries Ltd. reported that net sales fell 90 percent year on year to $95,067 (INR 5.3 million) during the first fiscal quarter that ended on June 30, 2012. The company didn’t offer...
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Polished Markets
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Jul 30, 2012
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Dilipp S Nag
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Lemon Successfully Completes First Tender on its Online Solution
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Press Release: Lemon Technologies announced the successful completion of the first tender on its new online rough diamond tender and auction solution. The tender was conducted in Antwerp by a leading diamond group.The online solution of Lemon Technologies has many unique features and can be used as a tender...
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Polished Markets
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Jul 16, 2012
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Lemon Technologies
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Lemon TechnoMist Hosts Diamond Manufacturing Event in Antwerp
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Press Release: Lemon TechnoMist Private Ltd. (LTM), jointly with HRD, Antwerp, organized a unique event ''Science of Value Creation in Diamond Manufacturing'' at AWDC/HRD, Hoveniersstraat 22, 2018 in Antwerp on June 26 and 27.During the event, LTM...
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Manufacturing
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Jun 28, 2012
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Lemon TechnoMist
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