De Beers sales volume jumps after market recovery

26-10-2016 18:55 PM

AOJ E-NEWS : De Beers total rough diamond sales grew 77 per cent by volume in the third quarter, reflecting improved trading conditions compared with a slump in demand a year ago.

The miner said it sold 5.3 million carats in the three months that ended September 30, versus 3 million carats in the same period a year ago when higher stock levels lowered demand from manufacturers and traders.

Production increased 4 per cent to 6.3 million carats – the improvement comes after the miner had cut output last year in response to weaker trading conditions.

The largest production increase was in De Beers Botswanan joint venture, Debswana, where output jumped 12 percent to 4.5 million carats. Production at the Jwaneng mine leapt 47 per cent to 2.8 million because of planned maintenance a year ago.

Courtesy: Rapaport

Kalyan Jewellers makes a foray in Haldwani with the launch of its new showroom, inaugurated by CM Pushkar Singh Dhami

31-03-2023 13:50 PM

Kalyan Jewellers, today announced the launch of its 2nd showroom in the state of Uttarakhand, making a foray into one of the state’s largest markets – Haldwani. The new showroom was inaugurated by the Chief Mi...

Kirtilals Presents the Forevermark Addigai Collection

31-03-2023 13:45 PM

Kirtilals, presents the Addigai Collection, crafted with De Beers Forevermark diamonds. The collection is an ode to South Indian tradition and showcases the unique beauty of the Addigai ornament with a contemp...

G20 Delegates visits Mumbai office of Kiran Gems

31-03-2023 13:40 PM

With sincere warmth and gracious hospitality, Mavjibhai Patel, Managing Director, and Dinesh Lakhani, Director, Kiran Gems extended a heartfelt welcome to the esteemed G20 Delegates at the Mumbai office of Kir...

Kalyan Jewellers announces the grand launch of its showroom in Jamshedpur

31-03-2023 13:35 PM

Kalyan Jewellers, one of India's leading jewellery brands, today announced that it will be launching its 2nd showroom in the state of Jharkhand, making a foray into the state’s largest market – Jamshedpur. The...

New hallmarking norms hits jewellery sector

31-03-2023 13:30 PM

Gold jewellery that have four symbol hall mark cannot be sold from April 1 as a government order issued earlier this month says no one can sell, display or offer to sell gold jewellery or gold artefacts if not...

8th Edition of India International Bullion Summit organised by IBJA and presented by WGC kickstarts at Mumbai.

29-03-2023 12:55 PM

Chief Guests Rahul Narwekar , Maharashtra Assembly Speaker , Motilal Oswal , Chairman Motilal Financial Services , Ashish Chauhan, MD & CEO NSE , Somasundaram PR , Regional CEO , WGC , Prithviraj Raj Kothari ,...