Petra's half year output, revenue dip on the back of a weak diamond market

Petra Diamonds’ production decreased marginally by 2% to 1.4 million carats in the first half (H1) of the financial year (FY) 2025 from 1.43 million carats a year earlier.

Yesterday

India's gem & jewellery exports, imports steadily decline in current fiscal year - GJEPC

The Gem & Jewellery Export Promotion Council (GJEPC) has released monthly data on the country's diamond trade for December 2024, and also summed up the interim results of the current fiscal year that began on April 1.

Yesterday

RapNet and AGTA to jointly launch gemstone trading network

Online diamond trading network RapNet has collaborated with the American Gem Trade Association (AGTA) to launch its Gemstone Trading Network for loose coloured gems.

Yesterday

Lucapa identifies large base metal targets at Merlin diamond project

Lucapa Diamond has identified two large and highly conductive base metal targets from the first geophysical survey conducted at its Merlin diamond project in the Northern Territory, Australia.

Yesterday

Chile’s Codelco to borrow $1.5 billion to fund copper production

Santiago-headquartered Codelco, world’s largest copper producer, is tapping the bond market to borrow about $1.5 billion to fund its mine investments.

Yesterday

US Retail Offers Hope for Recovery

13 december 2024

By Avi Krawitz

(rapaport.com) - Will positive end-of-year jewelry retail sales pull the diamond trade out of its current predicament? Expectations were rising as the holiday period kicked off in November. US consumers were upbeat in the run-up to the annual shopping frenzy, despite a contentious election that took place on November 5.