The marketing battle between the natural diamond industry and laboratory-grown diamond producers and their advocates is intensifying. Not a week goes by without the latest effusive article – sponsored or otherwise – appearing about the inevitable rise of synthetics. While the traditional issue of the undisclosed mixing of synthetics with natural is still very topical,…
Tag: mining and exploration
【Int’l】De Beers’ Diamond Production and Sales Take Step Back in Q3
De Beers’ rough diamond production declined by 5% to 8.7 million carats in the third quarter due to planned reductions in mining volumes in Botswana and South Africa, the miner announced today. In Botswana, production at the Jwaneng mine declined by 6% to 5.7 million carats due to the planned processing of lower grade material. Production…
【Int’l】ALROSA’s Profit Rises 19% in H1 as Rough Prices Climb
Russian diamond mining giant ALROSA said its first half net profit rose by 19 percent year on year to $865 million (RUB 58.3 billion) as higher average prices for gem-quality stones helped offset a drop in the volume of sales. Revenue increased by 8% to $2.5 billion (RUB 168 bn) on the back of higher average…