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Stuart Lee Signet
Two Industry Veterans to Leave Signet
Signet Jewelers executives Stuart Lee and ClarkMcEwen will retire after decades in the industry, the company said Wednesday.Lee (pictured, above right), currently executive vice president and chiefmerchandising officer, joined Signet in 1996...
Retail May 03, 2017 Rapaport News
Chidliak Project
BHP Billiton, Peregrine Settle Litigation & End Chidliak Royalty Deal
BHP Billiton Canada (BHPB) settled litigationwith Peregrine Diamonds and ended a royalty agreement with the diamond minerrelated to the Chidliak project in Canada.Under theroyalty arrangement, Peregrine had granted BHPB 2 percent of future mineralproduction, including...
Financial-Legal Jan 25, 2016 Rapaport News
Ekati Mine
Dominion Diamond Corp. to Launch Contract Sales in July
Dominion Diamond Corporation will soon sell its diamonds via long term contracts, company executives told Rapaport News. “Manufacturers want the consistency of supply and now we have the volume and the mix...
Mining Jun 02, 2014 Avi Krawitz
Ekati Mine
Ekati Diamond Mine Production -26% in 3Q
BHP Billiton reported that production at the Ekati diamond mine in Canada fell 26 percent year on year ‎to 322,000 carats in the third fiscal quarter that ended on March 31, 2013. Ekati production is ‎down 32 percent...
Mining Apr 17, 2013 Avi Krawitz
Bank
Bank Pains
There is an increasing unease in the diamond trade that the banks are ‎reducing their exposure to the industry. For a trade so heavily reliant on credit, the ‎concern is justified. The banks are taking a more cautious approach...
Rough Markets Mar 16, 2013 Avi Krawitz
Jwaneng Operations
De Beers February Sight Estimated at $550M
The most recent De Beers sight closed with an estimated value of $550 million as the ‎company adjusted assortments to reflect higher values in its boxes. ‎Sightholders noted that while De Beers kept its prices basically stable...
Rough Markets Mar 05, 2013 Avi Krawitz
Ekati Mine
BHP's 1H Diamond Revenue -44%
BHP Billiton reported that revenue from its diamond operations fell 44 percent year on year ‎to $199 million in the six months that ended on December 31, 2012. Underlying earnings ‎before interest and tax...
Mining Feb 20, 2013 Avi Krawitz
Ekati Mine
BHP Billiton's Diamond Revenue -30%
BHP Billiton reported that revenue from its diamond operations fell 30 percent year on year to $707 million during the ‎fiscal year that ended on June 30, 2012. Underlying earnings before interest and tax...
Mining Aug 22, 2012 Avi Krawitz
Rough Diamond Sorting
The Rough Reality of 2012‎
The 2011 global production data published by the Kimberley Process (KP) last week ‎presented a vastly different market scenario than what is the reality today. Then again, a ‎very different atmosphere has engulfed the...
Rough Markets Aug 10, 2012 Avi Krawitz
Ekati Mine
BHP Billiton's Diamond Production -28%
BHP Billiton reported that its diamond production fell 28 percent year on year to 413,000 ‎carats in the fourth fiscal quarter that ended on June 30, 2012. Production for the fiscal ‎year declined 29 percent to 1.784...
Mining Jul 18, 2012 Avi Krawitz
Ethical pledge
Value-Added Ethics
Two major trends are currently engulfing the diamond market – branding and ethical ‎consumerism. Savvy diamond firms across the pipeline would do well to enmesh the ‎two. Ultimately, a company’s corporate social responsibility (CSR)...
Fair Trade Jun 22, 2012 Avi Krawitz
Alrosa rough
Russian Businessman Aims for ALROSA, BHP Diamond Asset Merger
Businessman Suleiman Kerimov is hoping to merge a prospective stake in ALROSA with BHP ‎Billiton’s diamond assets, Bloomberg reported quoting Moscow based Vedomosti.‎The report indicated that Kerimov has urged the Russian government to offer 51 percent...
Mining May 28, 2012 Deena Taylor
Ekati Mine
BHP Billiton's 3Q Diamond Production -21%
BHP Billiton reported that its diamond production fell 21 percent year on year to 433,000 ‎carats during its third quarter that ended on March 31, 2012. The company explained that ‎the lower production was...
Mining Apr 18, 2012 Avi Krawitz
Ekati Mine
KKR Plans to Combine BHP, Rio Tinto Diamond Assets ‎
New York-based investment firm Kohlberg Kravis Roberts & Co. (KKR) is planning to ‎combine the diamond assets from Rio Tinto and BHP Billiton, the Sunday Times reported. ‎The report noted that the...
Mining Apr 16, 2012 Avi Krawitz
Diavik Mine
More Diamond Mines For Sale
The announcement this week that Rio Tinto is considering selling its diamond assets offered some shock value but little surprise. Like its conglomerate rival BHP Billiton, which made a similar declaration four...
Mining Mar 30, 2012 Avi Krawitz
Ekati Underground
Sources Say Harry Winston, KKR, Apollo Global Could Buy Ekati
Harry Winston and investment groups KKR & Co. and Apollo Global Management are reportedly negotiating with BHP Billiton to buy the Ekati diamond mine in Canada, according to Bloomberg News. BHP already sold...
Mining Mar 14, 2012 Jeff Miller
Ekati Mine
BHP's Diamond Revenues, Earnings Slump in 1H
BHP Billiton reported that revenue from its diamond operations fell 16 percent year on year to $357 million in the first fiscal-half that ended on December 31, 2011. Earnings before interest and tax (EBIT) at the...
Mining Feb 08, 2012 Avi Krawitz
Ekati Mine
Diamond (Mines) For Sale
When it comes to diamond mines, particularly ones that yield consistent and good quality production, there should generally be a buyer. This is especially true given the supply-demand outlook that the diamond industry enjoys. A simple...
Research Dec 02, 2011 Avi Krawitz
Ekati Underground
BHP Billiton's Diamond Production -35% in 1Q
BHP Billiton reported that diamond production fell 35 percent year on year to 457,000 carats during the first fiscal quarter that ended on September 30, 2011. ''Production was lower than all comparable periods due...
Mining Oct 23, 2011 Avi Krawitz
diamonds
Opportunity Knocks
The diamond trade returned from the summer vacation period to a different market reality than when it left. As a result, trading has slowed as dealers are seeking price stability with unease and a bit of nerves. There...
Polished Markets Sep 01, 2011 Avi Krawitz
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