Manufacturers

Petra Diamonds sees revenues surge 48% to $114.9m

Petra Diamonds has revealed its Q1 FY22 revenues increased by 48% during the three-month period ending 30 September. It reported revenues of US$114.9m (£83.1m) compared to Q1 FY 2021 which was US$77.7m (£56.2m). The company said this was driven by proceeds from the sale of Exceptional Stones during the quarter…

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Opsydia technology advances to secure identity of melee diamonds

Diamond security specialist, Opsydia, has revealed its subsurface laser technology can now place permanent identifiers in melee diamonds without affecting their surface polish. The firm said that diamonds that are just 0.5 millimetres in diameter can have an alphanumeric sequence, coded shape or logo placed beneath their surface to create…

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BlueRock H1 revenues hit £2.8m

BlueRock Diamonds, the AIM-listed diamond mining company, has reported a 118% year-on-year increase to revenues of £2.8m in H1 FY21. The group, which owns the Kareevlei Diamond Mine in South Africa, also saw operating losses reduced 64% year-on-year to £538,000. During the period, overall carats produced at the mine jumped…

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Andre Michael reports ‘record’ coloured gemstone sales

Andre Michael has revealed that it is currently seeing  an “all-time high” in sales of its extended coloured gemstone-set jewellery ranges to UK retailers. The manufacturer said that the increase in sales reflects the current trend for brightly coloured jewellery, its production standards and “competitive” prices. Jewellery including rings, earrings…

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Petra achieves $13.5m for 342 and 18 carat diamonds

Jersey-based mining group Petra Diamonds has announced the sale of a 342.92 carat Type IIa white diamond and an 18.30 carat Type IIb blue diamond have been sold for $13.5m (£9.82m). Discovered at the Cullinan Diamond Mine in South Africa, the diamonds have been sold into a partnership with Stargems,…

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BlueRock Diamonds discover 56.6 carat diamond stone

BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa has announced the discovery of a 58.6 carat stone. Mike Houston, executive chairman for the group stated that the expected sales value of the stone will be “significant” as it is a “D”…

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Lucara Q2 revenues soar 517%

Diamond mining company Lucara Diamond Corp saw revenues soar 517% year-on-year to $46.3m (£33.4m) in Q2 FY21. The Canadian group, which operates Botswana’s Karowe Mine, also swung to a net profit of $6m (£4.33m) for the three month period ended 30 June, up from Q2 FY20’s $13.9m (£10m) net losses.…

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Lucara recovers 393.5 carat white diamond

Lucara Diamond has announced the recovery of a 393.5 carat top “white Type IIa gem” quality diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond was recovered from direct milling of ore sourced from the M/PK(S) unit of the South Lobe. During the same production month,…

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Deakin & Francis announces SMO gold partnership

Deakin and Francis, the family-owned jewellery firm, has announced a partnership with Single Mine Origin (SMO) to provide its customers with responsibly sourced gold. Through the partnership, all Deakin and Francis’ manufactured signet rings will be crafted with SMO certified gold. SMO gold was launched in 2018 through a joint…

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Alrosa releases inaugural impact report for 2010s

Alrosa, a global diamond mining company, has released its inaugural impact report, covering the period 2010 to 2020. The report focuses on Alrosa’s Yakutia, Russia region, which is home to 90% of the group’s operations. According to Alrosa, the firm contributed approximately $22bn (£15.9bn) to the region’s local economy over…

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