De Beers had sales of $6.2 billion
De Beers, the world’s largest diamond producer, had sales of $6.2 billion. For full story, click here
Articles Tagged "sales"
Russia’s Alrosa Stops Diamond Sales to Customers After Slowdown
ZAO Alrosa, the world’s second- largest diamond producer, halted sales of gems to customers except for the state stockpile since late December after demand evaporated because of the deepening economic slowdown. For full story, click here
Around the globe, diamond exports drop
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
In ’08, diamonds lost their luster
When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.
Did Black Friday come through for diamond retailers?
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
US recession- boulder into a pond
Here at diamond investing news, we have been following how the financial crisis has been impacting the industry. For a brief summary over the past few months, it was not until the end of September that dropping revenues became an issue to diamond industry participants.
Russian diamond giant first to report dropping revenues
The diamond industry has been having a unique year.The top jewelry sales time is just around the corner, and not till that milestone is over and the numbers are crunched will companies be able to conclude on the successes and failures of 2008.
Diamond market strong for some, weak for others
The summer market lull has made its mark on July diamond sales in Asia. Japanese polish diamond imports took a marginal 0.9 percent rise to hit $73.96 million. Hong Kong reported July retail sales were flat, with jewelry among the worst performers. July diamond imports from India fell 14.7 percent to $25.56 million. Imports from Belgium rose 8.8 percent to $22.9 million.
Kopane’s subsidiary realized US$3.1m in sales
Kopane Diamond Development’s 75% owned subsidiary, Liqhobong Mining Development, reported US$3.1m in H1 sales. For full news, click here
