Financial News

Gem Diamonds’ revenue totaled $167.7 million - up 81% year-on-year

Sales dropped to $505 million in the 7th cycle with De Beers allowing buyers to pass over cheaper diamonds

The mining giant sold $294.9 million worth of rough and polished - a 14% rise year-on-year

The Hong Kong jewelry company reported a 54% increase in net profits to $77.2 million

Sales were up 1.5% year-on-year to $1.42 billion

In Q2, net sales rose 12% to $1.1 billion and earnings rose 26% to $145 million

Annual profit until June 30 dropped 86% to $3.36 million

Net profit in Q2 went up 1% year-on-year to $379.3 million

Alrosa ruble payments for diamonds with foreign clients from China and India

The Canadian miner sold 334,751 carats, price per carat dropped

The miner posted a net loss of $27 million for the second quarter of the year

In the first half of the year, Sarine's net profit rose 27%

The drop due to smaller volume and lower average price of stones sold

From January to July, total diamond sales grew 9% year-on-year to $3.029 billion

Alrosa's board has decided the miner will start paying dividends twice a year

Since July 2009, the miner has cumulatively generated $527.5 million in revenues

De Beers’ sixth sales cycle of 2018 amounted to $530 million, "in line with expectations"