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The Russian mining company produced 39.6 million carats of diamonds last year, up from 37.4 million in 2016.
Rough diamond sales totaled $665 million, down when compared with the same period last year but up over 2016.
It is looking for a buyer for Elizabeth Bay, located along the southwest coast near the town of Lüdertiz.
Anthony Brooke previously served as vice president of marketing and sales for the company’s Capricorn sapphire subsidiary.
The Environmental Protection Agency said it is pressing pause on a plan to do away with Obama-era restrictions on mining in the Bristol Bay watershed.
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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.