Financial News

The miner raked in $467 million - a 36% increase year-over-year

Alrosa sold 55% more in September than in August

De Beers sells $436 million in rough in last two Sights

De Beers: "The industry is in a healthier place than it has been for some time”

Pandora’s revenue for the first half of the year plunged 26% to $1.13 billion

Profits were hurt by travel restrictions imposed by COVID-19

The fall is mainly attributed to “the Covid-19 lockdowns in southern Africa”

Both companies remain committed to to their price-over-volume strategy

In April, the miner has remained “committed to its price over volume strategy”

The miner’s revenue from rough and polished diamond sales totaled $904 million

The sale “maintains revenue and cash flow during the global pandemic”

Pandora is still optimistic about a profitable Q1 this year

Profit plummeted to $15 million, compared with $52.4 million in 2018

Revenue for the quarter totaled in $1.4 million - a slight rise year-over year

February sales of rough and polished diamonds reached $346 million - a 14% fall over January

Revenue for the year fell 21% to about $3.33 billion following a fall of 12% in sales

De Beers promised to put in place “additional targeted flexibility" for its sightholders

For 2019, Rio Tinto recorded a net loss of $21 million