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Diamond News Archives

ALROSA Rough Sales $331.6M in September, Jan-Sept Sales $3.56B

Category: News Archives
Created: 11 October 2018
Hits: 1295
October 11, 18 by Albert Robinson
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(IDEX Online) – ALROSA, the world's largest diamond miner, announced rough diamond sales by value amounted to $331.6 million in September, and January- September sales of $3.588 billion.<?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

 

In September, ALROSA's sales of rough and polished diamonds increased by 9% yoy to $338.7 million, with polished diamond sales of $7.1 million.

 

ALROSA's total diamond sales in January-September 2018 grew 9% yoy and amounted to $3.662 billion, with polished diamond sales of $74.1 million.

 

"September sales growth against last year's numbers is due, partially, to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased," said ALROSA Deputy CEO Yury Okoemov. "At the same time, there is a further slowdown in buying activity of in inexpensive stones, traditional for the holiday season during Diwali celebration in India," commented on the sales results," he added.

 

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Double-Top? Dow Drops 500 Points

Category: News Archives
Created: 10 October 2018
Hits: 1068

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Double-Top? Dow Drops 500 Points | Zero Hedge Skip to main content [1]

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Read more from our friends at Gold & Silver

ALROSA September sales of rough and polished diamonds reached $338.7 million

Category: News Archives
Created: 10 October 2018
Hits: 1505
Diamond Buyers Club

Moscow: 10 October 2018 – ALROSA, the world's largest diamond miner, announces diamond sales results for September and nine months of 2018.

In September, ALROSA Group sales of rough and polished diamonds increased by 9% yoy to $338.7 million.Rough diamond sales by value amounted to $331.6 million, polished diamond sales – $7.1 million.

ALROSA's total diamond sales in January-September 2018 grew 9% yoy and amounted to $3.662 billion. During the nine months of 2018, rough diamonds were sold for $3.588 billion, polished diamonds – for $74.1 million.

"September sales growth against last year numbers is due, partially, to the low base effect of the last year, as sales of +10.8 and +2 carat rough diamonds increased.At the same time, there is a further slowdown in buying activity of in inexpensive stones, traditional for the holiday season during Diwali celebration in India," commented on the sales results ALROSA Deputy CEO Yury Okoemov.

The post ALROSA September sales of rough and polished diamonds reached $338.7 million appeared first on MINING.com....

Read more from our friends at Mining.com

Italy's Banks Stumble Into a New Crisis

Category: News Archives
Created: 10 October 2018
Hits: 1148

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Oct 10 2018, 8:00 AMOct 10 2018, 12:46 PMOctober 10 2018, 8:00 AMOctober 10 2018, 12:46 PM

(Bloomberg Opinion) -- Spare a thought for Italian banks if you can. Barely recovered from their recent crisis, the country’s lenders find they have stumbled into a new one.

Rome’s populist administration has sent yields on government bonds soaring[1] by passing a budget that busts the EU’s fiscal rules. And since Italian banks still hold hefty amounts of those bonds, investors have taken fright, dumping the lenders’ shares.

The country’s finance industry is better placed to weather a shock than it was a few years ago. But the consequences of prolonged turmoil shouldn’t be underestimated. Banks could restrict credit, which would weigh on the economy. And were one of the weakest lenders to get into serious trouble, the Italian government would face some unhappy choices. That could cause a widespread loss of confidence.

...

Following Italy’s long recession, its banks have been under severe pressure because of their big holdings of non-performing loans. Yet there has been an improvement. Bad loans made up 11.4 percent of the total loan

Read more from our friends at Gold & Silver

Jewelers of America Announces Consumer Marketing Initiative

Category: News Archives
Created: 10 October 2018
Hits: 1037
October 10, 18 by Albert Robinson
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<IDEX Online> – Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, will be coordinating the launch of a consumer marketing program in 2019. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

 

The campaign will be an industry-wide collaboration to increase consumer desire for jewelry and drive jewelry sales by promoting the unique and emotional aspects of jewelry ownership versus other disposable income purchases.

 

“The jewelry industry has voiced their needs for a generic consumer campaign that speaks with actionable, yet sentimental messages about jewelry,” says JA President & CEO David J. Bonaparte. “We are excited to be moving forward with the campaign that our industry has been so passionate about. We are also are calling on all levels of the supply chain to band together for this initiative that will truly be by the industry, for the industry.”

 

Jewelers of America is currently raising funds for a test campaign. The hyper-targeted, digitally based campaign will run in a targeted region, allow the industry an opportunity to see the campaign creative in real time and establish key learnings before launching nationally. To raise funding, JA has established a “Pioneer Program” for those visionary companies who see the potential for the campaign success and want to contribute. Pioneer companies will be recognized through a variety of mechanisms, including: press coverage, inclusion in trade advertising, recognition in all digital content related to the program and recognition during the 2019 GEM Awards in New York.

 

The current companies joining Jewelers of America in the Pioneer Program are: American Gem Society (AGS), Emerald Expositions, Forevermark, Gemological Institute of America, Gumuchian, Jewelers...

Read more from our friends at IDEX

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  3. ALROSA extracts rare fancy intense yellow diamond
  4. Dell, Wistron teaming up to extract gold from e-wastes

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