Financial News
Bouncing Back: India’s Polished Exports Way Up in January 2021
India’s cut and polished diamond export increased 9.44% in January
24.02.2021
PETRA’S PRODUCTION UP, REVENUE DOWN IN H2 2019
Production was up 3% to 2,070,240 carats in the last six months of 2019
Petra Diamonds has announced its production and sales results for the six months ended December 31, 2019.
During this period, production was up 3% to 2,070,240 carats, which leads Petra to be on track to meet or exceed its FY 2020 production guidance of about 3.8 million carats. However, the miner’s revenue went down 6% to $193.9 million from 1,743,807 carats sold, “mainly due to lower diamond prices and the previously reported adverse product mix at Finsch and Williamson […]”.
Petra added that in Q2 FY 2020, there was “growing stability in pricing as the calendar year closed” and that “demand has continued to improve as the midstream looks to replenish inventory”. Richard Duffy, Petra’s CEO, added that “the health of the market will depend on continued supply discipline from the majors as well as macro-economic conditions”.
More News
- Financial News
Alrosa Rakes in $430 Million in January as “Demand Improves”
Alrosa: “January sales demonstrate an improving demand for jewelry at key consumer markets”15.02.2021 - Financial News
De Beers’s Sight 1 Rakes In Highest Figure in Three Years
De Beers sold $650 million worth of rough diamonds at its first sale of the year08.02.2021 - Financial News
COVID Brings LVMH’ Sales Down, Jeweler Unveils Ambitious Plans for Tiffany
LVMH seeks to expand Tiffany's high-end jewellery collections04.02.2021 - Financial News
Alrosa’s Sales Up in December, Predicts “Stable Demand” in Q1 2021
In 2020, Alrosa raked in $2.802 billion in rough and polished sales18.01.2021 - Financial News
Alrosa’s Sales Keep Growing in November as Demand Remains “Strong”
Alrosa’s sales were up more than a third when compared to November 201914.12.2020
Most Popular
- Financial News
DE BEERS SELLS $520 OF ROUGH IN 4TH CYCLE
According to CEO Bruce Cleaver, demand for rough continues to be steady17.05.2017 - Financial News
FANCY PINK DIAMOND SHATTERS AUCTION RECORD AT BONHAMS
A fancy pink diamond weighing 5.03 carats raked in in $583,551 per carat30.09.2018 - Financial News
ALROSA’S NINE MONTHS PROFIT SLASHED BY ALMOST HALF
The slash in profits is due to an appreciation of the ruble and a decrease in diamond prices19.11.2017