Financial News

Profit totaled $6.6 million, compared to $26.8 million in H1 2018

Lucapa raked in $1.1 million despite "a challenging period for many diamond miners globally"

The company also recorded a net profit of $564 million for the period

In the first half, worldwide net sales declined 3% to $2.1 billion

De Beers’ diamond sales totaled $503 million in the most recent sales cycle

Gemfield's 26 lots went for an average price of $4.75 per carat

Net profit totaled $200.4 million - 47% less than Alrosa’s profit during Q2 2018

Alrosa sold 99 large gem-quality diamonds weighing 1,532 carats

Stornoway achieved $76 per carat for all goods sold - a fall of 9% year-on-year

Sarine: "Level of midstream polishing activities continued to be restrained amidst industry challenges"

The miner saw “continued pressure on prices in the smaller, cheaper rough categories”

In 2019 to date, Lucapa has sold a total of $26.5 million worth of Lulo diamonds

Sales of jewellery rose 13.3% year-on-year to reach $571.64 million in April-June

In July, sales of rough and polished diamonds were almost halved to $170.5 million

LVMH’s Watches and Jewellery business recorded organic revenue growth of 4%

Christie’s sold 60% of the highest priced objects in the first half of the year

De Beers has allowed its customers to defer rough allocations

Earnings before taxes decreased by 27% to $518 million in H1