Large diamond retailer drops 22% after cutting guidance

Having trouble viewing this email?  View online Diamond News Digest Wednesday 8 August 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Large diamond retailer drops 22% after cutting guidance Pandora cuts expected revenue from 7 to 10 per cent to 4 to 7 percent. read » Record-breaking stones boost Gem Diamonds sales The 10 rough, larger-than-100-carats diamonds produced at Letšeng led the hike. read » Massive gold treasure found in Kazakhstan Archaeologists unearthed 3,000 gold and precious metals objects and jewelry pieces. read » Alrosa sells its most expensive diamond to date The company said that the Dynasty diamond "is the purest of all large diamonds manufactured throughout the Russian jewelry history." read » Killed Russian journalists said to have been working on story involving mining in CAR They were said to be investigating a private Russian security company operating in CAR as well as Russia's interests in the local diamond, gold and uranium sectors. read » Rio Tinto down despite $7.2bn cash return to investors Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts. read » De Beers ready to begin South Africa's Voorspoed mine closure The failed plan was to find an operator with a lower cost structure or a different mining approach that would be able to take over and extend Voorspoed's life. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » South African diamond fetches half a million dollars The gem was sold on tender for $11,267 per carat. read » Canada scaring mining investors with long, unclear permit processes Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years. read » Alrosa to start diamond mining at Zarya by 2019 Total diamond resources are estimated to contain 3.5 million carats of diamonds. read » De Beers buys Canada's Peregrine Diamonds for $81 million Canadian firm is the sole owner of the Chidliak diamond project in Nunavut. read » Miners wrote off almost one-third of investments over last decade From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. read » Earth holds quadrillion tonnes of diamonds deep beneath its surface Getting to them would take technology far beyond what we currently have at our disposal. read » Fura Gems grabs more ruby assets in Mozambique Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group. read » Rio Tinto to sell its largest pink diamond The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds tender. read » Huge diamonds keep coming out of Lucapa's Lulo mine in Angola This time is a 114-carat white stone. read » Alrosa unearths diamond shaped as soccer ball The 0.50-carat stone was found at the company's Karpinskaya-1 pipe, located in the northern Arkhangelsk Region. read » Finds at Lucapa's Lulo project jump on record mined diamonds Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter. read » Petra Diamonds sells stake in Kimberley Ekapa JV for $22 million The Kimberley Ekapa joint venture focuses on mining in the South African town of Kimberley. read » Death, diamonds and Russia's Africa Project: Leonid Bershidsky The killing of three reporters in the Central African Republic pulls a private, pro-Kremlin military company out of the shadows. read » Replenishing economic diamond resources, a daunting task for miners Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations. read » Rare blue diamonds may be Earth's deepest secret The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves. The geological history of blue diamonds is even more complex. read » Lucapa's mine in Lesotho continues to yield special diamonds The 11.88-carat diamond was recovered from the North zone of the Mothae diamond mine. read » Petra shares drop after it cuts 2019 diamond production forecast The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year. read » Death by diamonds: Suicides wipe the shine off India's gem trade Over 80 percent of the total workforce earn a piece rate of 1 to 25 rupees for each stone they polish and have no social benefits. read » S. Africa seeks re-opening of shuttered mines to boost economy Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy. read » S&P raises ALROSA's credit rating to BBB-, outlook is stable The world's leader in diamond mining reports raising of its long-term credit rating by S&P Global Ratings international rating agency to BBВ-, the outlook is stable. read » ALROSA to name diamonds "Lev Yashin" and "Brilliant moment!" based on fans' suggestions More than 30 people suggested naming the diamond "Lev Yashin" in honour of the legendary Soviet goalkeeper. The first participant to propose this idea was Ilya Turbachev from Chelyabinsk, who is to receive a ticket to the final game. The focus of the competition, a 76.53-carat rough diamond, mined at International pipe, will be named "Brilliant Moment!" The suggestion came from Aytalina Argunova from Mirny, who will also receive a ticket to the final game. read » SYNTHdetect shortlisted as finalist for industry innovation award SYNTHdetect, launched last year, is the first synthetic diamond screening device. read » ALROSA sells large diamonds at an auction in Vladivostok for $17 mln In 2017, the total revenue of ALROSA from the sale of diamonds at tenders and auctions in Vladivostok exceeded $70 million. On the first 2018 auction held in May ALROSA sold large rough diamonds for $14.8 million. Until the end of 2018, ALROSA will hold two more auctions in Vladivostok – in September and November. read » New campaign for Rio Tinto's Australian Diamonds is launched in India Rio Tinto's Australian Diamonds programme has launched its latest campaign in India highlighting a new range of affordable bridal and fashion jewellery from the company's Argyle diamond mine in Australia. read » Read more Diamond news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Diamond News Digest". You mayunsubscribe at any time. 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