to Alrosa, a global leader in diamond production, reports its Q3 2018 and 9M
2018 production and sales, Q3 2018 diamond production grew by 23% q-o-q (up 2%
y-o-y) to 10.5 m carats due to seasonal growth in output at alluvial deposits,
an increase in ore and gravels processing, and the ramp-up of the recently
launched assets to design capacity.
11% decrease in 9M output 2018 to 26.4 m carats was mainly due to the shutdown
of the Mir underground mine (UM) and the completion of open-pit mining at the
Udachnaya pipe. In Q3 2018, the volume of processed ore and gravels grew by 70%
q-o-q (up 10% y-o-y) to 17.2 m tonnes, due to seasonal return to production at
American just announced its Production Report for the third quarter ended 30
September 2018. At the juncture Mark Cutifani, Chief Executive of Anglo
American, said, “Our focus on driving efficiency and productivity across the
business resulted in another strong quarter, with volumes 1% higher than the
solid operational performance seen in Q3 2017.
per employee has increased by 5% in 2018, compared to 2017, as we maintain
relentless discipline on controllable costs yet, more than offsetting planned
lower volumes at De Beers and the impact of rail infrastructure constraints at
Kumba in the first half of the year.”
Diamonds, a new diamond producer with operations focused in Lesotho, provides
its quarterly update on operations at its Liqhobong Diamond Mine for Q1 of the
Company's 2019 financial year. According to the summary, first lost time injury
recorded in the quarter after 6.7 million hours worked LTI-free since July
2014, with the employee returning to work three days later.
240,733 carats recovered with cost per tonne treated of US$10.05 substantially
lower than FY19 guidance of US$15-16 per tonne treated. In the Q1, a total of
194,206 carats sold in first sale of the financial year while that was 261,985
carats in Q4, FY18, realising revenue of US$13.5 million in Q1 2019 was lower
than Q4, FY18 had earned US$18.6 million.
General Assembly was held in the Association’s headquarters in MERIDIAN Expo center.
The meeting was attended by AJA members, representatives of jewelry industry
from different countries. AJA chapters’ boards worldwide offered candidacies
from their Board members to be elected to AJA International Board.
newly elected Board proceeded to AJA Executive Board elections. The following
members were elected unanimously: President: Krikor Yessayan (Lebanon), Vice-President:
Aris Demir (Istanbul), Vice-President: Leon Haytayan (AJA West Coast USA), Vice-President:
Zohrab Istanboulian (Thailand), Treasurer: Anna Vardanyan (Armenia) & Secretary:
Ruben Kotanchyan (Russia).
Jewelers Limited, the world’s largest retailer of diamond jewelry, announced
that its Board of Directors has appointed Zackery A. Hicks as an Independent
Director, effective October 26, 2018. Hicks currently serve as Executive Vice
President and Chief Digital Officer of Toyota Motors North America (TMNA) Inc and
President and Chief Executive Officer of Toyota Connected Inc.
Jewelers Announces Appointment of Zackery A. Hicks to Its Board of Directors “As
part of our Path to Brilliance transformation plan, we identified the need to
continue to strengthen our digital and data analytics capabilities across
Signet to advance each of our three strategic priorities – Customer First,
Omnichannel, and a Culture of Agility and Efficiency,” said H. Todd Stitzer,
Chairman of Signet’s Board of Directors.
Hay While the Diamond Shines’ this party season as SS Jewellers introduces a
splendid diamond edition. This magnificent ensemble comprises of earrings,
neckpieces, bracelets and cuffs and is carved out in combination of rose,
yellow and white gold in 18k. Furthermore, this edition has been studded with
fine cut diamond.
the end-to-end diamond industry blockchain traceability platform being
developed by De Beers Group in collaboration with industry stakeholders, is
pleased to announce that Alrosa has joined the platform’s pilot programme.
Alrosa will join industry leaders from the diamond manufacturing and retail
sectors in creating the blockchain platform by the industry, for the industry.
the announcement of the Tracr pilot earlier this year, Alrosa’s involvement brings
the world’s two largest diamond producers together to provide enhanced
assurance for consumers and trade participants about the provenance and
authenticity of their diamonds, and in creating a digital foundation for new
services that can only be developed on an end-to-end platform.
Diamonds Limited announces the appointment of Mrs Varda Shine and Mr Bernard
Pryor to its Board as Independent Non-Executive Directors, with effect from 1
appointments have been made in accordance with the Nomination Committee’s three
year Succession Plan which is in line with Petra’s development from a phase of
intensive capital expenditure and expansion to a focus on steady-state
Mining has discovered an exceptionally rare high quality 5,655 carat (1.13kg)
emerald crystal at its mine in Lufwanyama. The emerald – dubbed ‘Inkalamu’, the
Lion Emerald - shows remarkable clarity with a perfectly balanced golden green
colour, and is already creating a buzz in the global gemstone industry ahead of
its auction in Singapore next month in November.
was discovered at Kagem, the world’s largest emerald mine, which is 75% owned
by London-based Gemfields and 25% by the Zambian government through the
Industrial Development Corporation of Zambia. “The discovery of this
exceptional gemstone is such an important moment both for us and for the
emerald world in general” commented Gemfields’ London-based gemmologist Elena
Datwani, Founder-Anmol says, “Gold temple jewellery & classic diamond
jewellery is trending this festive season. We're expecting an increase in
demand for both gold & diamond jewellery this festive season. It is also
the onset of the wedding season, so there will be a good demand for small &
big ticket items. Keeping these factors in mind, we are expecting at least
20-25% increase in sales.”
looking at the season at latch, Tanya Rastogi, Director-Lala Jugal Kishore
says, “The increased rate of gold has worked in favor of the metal and the
industry, as the consumer is reminded that gold is still an investor friendly
metal. There is a lot of promotion and buzz around offers and collection
launches around this season.” On the other hand, the consumer is expected to
make small purchases this year due to the high price but a good footfall and
sales are expected.
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