Diamond Prices Soften In May

Polished diamond prices declined slightly in May with buyers waiting for the Las Vegas shows. Trading at the JCK Las Vegas show, which took place June 3 to 6, was relatively weak with traffic slower than previous years. The RapNet Diamond Index (RAPI™) for 1-carat,…

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AngloGold Ashanti Generates Strong Cash Flow in Q1; Operations Solid

AngloGold Ashanti today announced strong free cash flow in the first quarter as an ongoing focus on cost management, and leverage to weaker currencies, yielded positive results and improved margins. Free cash flow was $70m, a marked improvement to the outflow of $40m in the…

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Privatiseer SAL om verdere vermorsing van belastinggeld stop te sit

Die jongste "omkeerstrategie" by die SAL nadat tien vorige omkeerpogings misluk het, plaas ʼn swaar las op die belastingbetaler en die redery moet geprivatiseer word om verdere vermorsing van belastinggeld stop te sit, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor finansies.…

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Diamond Prices Soften with Weaker Global Demand

Polished diamond trading slowed in April due to sluggish demand at the start of a seasonally-quiet period. Sentiment weakened as the positive momentum from the first quarter failed to gain traction. Supplies significantly increased due to high rough sales and polished production in the first…

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Fatality at Savuka Mine

(JOHANNESBURG – NEWS RELEASE) – AngloGold Ashanti regrets to announce the death of two employees who were fatally injured after a series of seismic events, the largest measuring 3.5 on the Richter scale, at its Savuka Shaft. The Department of Mineral Resources has been notified…

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Eskom funksioneer wel, maar teen ‘n prys

Dit is so dat Eskom tans weer funksioneer, maar dit kom teen ʼn prys waarvoor die belastingbetaler moet betaal, sê dr. Pieter Groenewald, die VF Plus se parlementêre woordvoerder oor openbare ondernemings Dr. Groenewald het vandag met die begrotingsposdebat van die departement van openbare ondernemings…

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Polished Diamond Prices Stable in March

April 5, 2016, New York ... Polished diamond prices were stable in March supported by steady dealer trading even though the outlook for consumer demand remains uncertain. In the first quarter, sentiment improved as polished prices rose and profitability increased on select new production. The…

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Rapaport Hong Kong Polished Diamond Auction Sells Over 80,000 Carats for $12M

Rapaport Auctions closed its auction last week at the Hong Kong show achieving $12M for over 80,000 carats. The auction consisted of hundreds of parcels of recycled and finely assorted premium quality diamond parcels in all shapes, qualities and sizes. The diamonds were sourced from…

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