Diamond News Archives
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(IDEX Online) - New dates have been announced for two Hong Kong jewelry shows after they were twice postponed because of coronavirus.
The Hong Kong International Jewellery and Diamond Show and its sister event, the Gem & Pearl Show, are now due to take place on 3 to 6 August, with extra Covid-19 precautions.
They were originally scheduled for 2 to 8 March, were put back to 18 to 21 May because of Covid-19 and have now been moved back to August.
Visitors to the venue, AsiaWorld-Expo, will have to enter through an installation that checks their temperature and sanitizes clothes and carried items.
The first postponement was because of the Covid-19 pandemic. The second came after the Hong Kong government required visitors from any country other than China to quarantine themselves for 14 days.
Irene Chan, CEO of AsiaWorld-Expo Management, said staff uniforms and surfaces at the conference centre will be sterilised using a light-based coating, which can prevent the growth of microbes for up to 12 months.
The air will be purified and the venue disinfected with a wide-spectrum liquid sanitiser that kills both viruses and bacteria....
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- Category: News Archives
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- Category: News Archives
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(IDEX Online) - Petra Diamonds saw prices for its rough stones fall 27 per cent in February, compared with the same month last year, as coronavirus brought its mining operations to a halt.
The UK-listed firm has put its Williamson mine in Tanzania on care and maintenance from the middle of April, and government lockdowns on its Finsch, Cullinan and Koffiefontein mines in South Africa will be reviewed on 16 April.
Petra sold only half the diamonds, by value, at its February sale and withdrew large diamonds (over 10.8 cts) and parcels of other sizes and qualities totalling over 24,000 cts.
It blamed "experienced depressed and opportunistic bidding" and said tenders planned for May and June remain under review, given travel restrictions because of coronavirus.
The company also said it was closely monitoring its liquidity risk, and had drawn down on its working capital facility of 500m rand ($27.5m).
Richard Duffy, CEO of Petra Diamonds, said: "Given the unprecedented trading conditions, we are taking all steps necessary to preserve the Company's liquidity position in order to withstand this very difficult period until market conditions improve.
"We remain committed to protecting the ongoing viability of our operations, to the benefit of all our stakeholders." ...
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