Alrosa Diamond Profits Double
Bloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
Bloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.
Lucara Diamond Corp. (TSX:LUC,NASDAQ:LUC) announced production results for the quarter ended March 2012.
Forbes reported a collection of 15-carat yellow diamond rings is on display for sale at Birks in Toronto.
Reuters reported a"Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million.
Forbes reported on Tuesday a 9-carat pink diamond from the estate of Huguette M. Clark, sold for more than $15.7 million, after intense, competitive bidding.
CNBC reported there is a move to create a diamond back exchange traded fund which will allow investors to purchase diamonds like gold as an investment, not just jewelry.
Bloomberg reported Bain & Co. said the diamond jewelry industry may face a shortage on increased demand from China and India.
CNBC reported diamonds are an attractive option for investors looking to diversify portfolios said David Riedel.
Forbes reported a retail jeweler will showcase a 10-carat fancy light purplish pink diamond from April 13-17.
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