Diamonds
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De Beers’ operating profit up 112% in 2013
De Beers generated an underlying operating profit of $1.003 billion in 2013, a 112 percent increase compared with $474 million in 2012, its parent company Anglo American announced recently.
Petra sells 29.6-carat blue diamond for $25.6m
Petra Diamonds Ltd sold a 29.6-carat blue diamond recovered from its Cullinan mine in South Africa for about $25.6 million, the company announced recently.
Diamond manufacturer flourishes in China
KGK Group is ideally positioned to capture opportunities in China’s growing jewellery market. The group, which was founded more than 100 years ago, is inaugurating its new jewellery manufacturing facility in China in the middle of this year, according to Sanjay Kothari, vice chairman of KGK Group.
China’s diamond industry aims for high-value growth
Diamond traders in the Greater China region have become increasingly cautious about market growth this year because of rising rough prices and operational costs, and a lacklustre diamond retail market, industry members said in an interview.
Diamantaire bullish on diamond fashion jewellery market
China’s expanding middle class and growing aspirational consumer market will fuel the demand for diamond fashion jewellery in the coming years.
Lucapa recovers 32.2-carat type IIa diamond in Angola
Lucapa Diamond Co Ltd recovered a 32.2-carat type IIa diamond from its Lulo Concession in Angola, the diamond miner announced recently.
Stellar Diamonds making headways in Tongo project
Stellar Diamonds plc, a London-listed diamond miner focused on West Africa, said it has made strong progress at its Tongo dyke kimberlite diamond project in Sierra Leone.
Zimbabwe discovers diamond fields, says report
Zimbabwe said it discovered diamond fields in the Umkondo Basin, which is estimated to bring in “billions of dollars” in profits for the country following the revelation that mining operations in the Chiadzwa diamond fields are becoming challenging as alluvial diamond resources are running out, The Africa Report reported recently.
GIA concludes inaugural Graduate Diamonds class in Dubai
A class of 10 students from eight countries graduated in December from the Gemological Institute of America’s (GIA) first Graduate Diamonds Diploma programme in Dubai, a significant diamond trading centre in the Middle East. The graduates were recognised during a special ceremony, which included Amit Dhamani, a member of the GIA Board of Governors and CEO of Dhamani Jewels.
Forevermark, Diamond Empowerment Fund forge partnership
Forevermark, the luxury diamond brand from the De Beers Group of companies, entered a multi-year partnership with the New York-based non-profit organisation Diamond Empowerment Fund (DEF), the company announced recently.
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