Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
De Beers, Alrosa Report Q1 Production Results
De Beers said rough diamond production was up 15 percent in the first quarter while Alrosa noted a 17 percent decrease.
New York—De Beers and Alrosa both recently released production numbers for the first quarter of 2018, but reported very different results.
De Beers said rough diamond production increased 15 percent to 8.5 million carats in the first quarter, boosted by the Gahcho Kué mine in Canada and increased production from the Orapa mine in Botswana in response to “sustained healthy trading conditions.”
In Canada, output rose by 69 percent to 1.1 million carats as De Beers ramped up production at Gahcho Kué.
The company said production in Botswana increased 12 per cent to 5.8 million carats while holdings in Namibia were up 12 percent to 500,000 carats due to access to consistently higher grades.
South African production for the company, meanwhile, was in line with the prior-year period at 1.1 million carats.
Total rough diamond sales volumes in the first quarter were 8.8 million carats from two sights, or sales, compared with 14.1 million carats from three sights last year.
De Beer said in addition to the difference in the number of sights during the period, the first sight in Q1 2017 also saw “an unusually strong demand for lower value goods” following the effects of the Indian demonetization program, which led to a higher-than-normal sales volume then.
The miner’s full-year production guidance remains at 34 to 36 million carats.
Alrosa, meanwhile, said diamond production in its first quarter totaled 7.4 million carats, a 17 percent decrease compared with the year-earlier period.
The company attributed its decline to reduced production at the Mirny division caused by the shutdown of the Mir underground mine following the August 2017 accident, processing of lower-grade ore from the Jubilee pipe and the end of ore processing from Udachny’s open pit after open-pit mining at the site was completed.
It added, however, that it has continued to grow production at key expansion projects during the first quarter, with Q1 output at the Udachny underground mine and Severalmaz increasing year-over-year.
The production goal the company has targeted for the full year is 36.6 million carats.
Alrosa also released preliminary sales numbers for the first quarter.
During the three-month period, Alrosa said it sold 13.3 million carats of diamonds, including 10.1 million carats of gem-quality diamonds at an average price of $154 per carat, and 3.2 million carats of industrial diamonds at an average price of $8 per carat.
Rough and polished
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Nicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
The brand also created a 100-carat lab-grown diamond necklace in honor of its centennial.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.