Financial News

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

Sarine sold a record 145 systems in 2019, and returned to profit in Q4 2019

Alrosa sold 123 rough diamonds with the total weight of 2,205 carats

Lucapa sold 1,223 carats at an average price of $1,535 per carat

Lucara’s revenue exceeded its guidance for the year, estimated at $170-$180 million

Angola’s diamond marketing company Sodiam predicted a rise in production to 14 million carats in 2020

Despite increased production at its mines, Petra recorded a net loss in the 2nd half of 2019

Diamonds from the prolific Lulo mine generated an average price per carat of $2,200

Gem Diamonds sold $51.3 million in rough diamonds in the 4th quarter

According to Alrosa, “January saw steady demand for rough diamonds as cutters continued restocking”

LVMH experienced continued growth in all geographic areas

Production was up 3% to 2,070,240 carats in the last six months of 2019