Diamond jewellery demand by US consumers reached a record level of US$39 billion in 2015, up 5 percent from a year ago, according to industry data published by The De Beers Group of Companies. De Beers attributed the increase in sales to sustained economic recovery in the US, higher levels of job creation and wage growth. … Read More →
Alrosa’s diamond mining production reached over 38 million carats in 2015, an increase of 6 percent from the previous year, the Russian mining giant announced recently. Alrosa President Andrey Zharkov attributed the results to the opening of the Botuobinskaya pipe in Yakutia, rising production at Severalmaz in the Arkhangelsk region, and improved diamond mining at … Read More →
Tiffany & Co. delivered fourth-quarter and full-year earnings results that managed to beat analysts’ expectations, but sales were down from the previous year and the company lowered guidance once again. Net income for the quarter was $186.8 million, or $1.46 a diluted share, a 4.8 percent decline from last year’s $196.2 million, or $1.51 a … Read More →