NEWS
Botswana Diamonds Completes 1st Phase Drilling
Johannesburg: Botswana Diamonds plc said it
has completed the first phase of drilling at its flagship Vutomi project in
Frischgewaagt, 280 km north of Johannesburg.
Warburg Pincus Invests Additional Rs. 500 Cr in Kalyan Jewellers
Mumbai: Private equity firm Warburg Pincus
has invested an additional Rs. 500 crore in Kalyan Jewellers. A statement from
the jeweller said that the money will be primarily used for funding its massive
expansion plans in both the Indian and overseas markets.
ALROSA’s Sales Reached $ 566.6 in March 2017
Moscow: ALROSA, the world's largest diamond
miner in terms of carat output, posted its rough sales in March this year. The
news came in a statement released by the company on Monday.
Thailand Gems & Jewelry Fair 2017 Glitters in Beijing
Beijing: Thai Gem and Jewelry Traders
Association (TGJTA) promoted Thailand Gems and Jewelry Fair 2017 at Beijing
International Jewelry Show 2017 with support from Haiming International
Exhibition Group.
Bank Closures Cause Concern for SMEs
London: Following the closing of more
Lloyds Banking Group’s branches, The Federation of Small Businesses (FSB) has
expressed concern about what this would mean for small and medium-sized
enterprises (SMEs).
Tango’s Latest Sale Realises US$ 875 Per Carat
Johannesburg: Tango Mining Limited
announcing its latest sales results for diamonds mined at the Oena Diamond
Mine, Republic of South Africa, during the one month period ending 20 March
2017, said that a total of 307.94 carats (183 diamonds) were produced and sold
with an average price of US$ 875 per carat. “Diamond production from Oena,
since acquisition, now totals 564.06 carats which have been sold at an average
price of US$1,330 per carat,” the Company added.
Agarwal to "Persuade" Anglo to Mine Diamonds in India
Mumbai: Last week, BloombergMarkets
reported that Anil Agarwal - the founder and controlling shareholder in Indian
resource giant Vedanta Resources Plc. - paid $2.5 billion for 13 percent stake
in Anglo American, a transaction that immediately made him Anglo’s
second-biggest shareholder. At the time, Bloomberg reported that he has no
intention of behaving like an activist investor: “At the moment, I’ve come in
purely as an investor on my personal capacity and that is the intention,” said
Agarwal. “We’ve never been an activist. We’re purely an investor and we are
going to support the management.” Bloomberg said his,"ultimate intentions
... remain unclear." Today, his intentions may have become a bit clearer.
Ten Arrested for Defrauding Jewellers
New York: Ten men were arrested this
morning in New York for their alleged role in fraudulently obtaining millions
of dollars in untraceable diamonds from wholesalers in New York, Las Vegas, and
Mumbai.
114ct. Diamond Recovered from Letšeng Mine
Toronto: Gem Diamonds has found a 114-carat rough diamond at its Letšeng mine in Lesotho, the miner reported Friday.
Sierra Leone Delays 709ct. Rough Sale
Freetown: The government of Sierra Leone
has pushed back the schedule for selling a 709.41-carat rough diamond to give
bidders more time to take part.