Gem Diamonds shares rise despite third quarter price drop November 5, 2019 Gem Diamonds’ share price was up three per cent today despite prices being six per cent lower than in the last quarter. Achieved prices per carat fell from $1,501 (£1164) to $1,417. Read more: Petra Diamonds loses its sparkle as annual profits plunge The leading diamond producer said that it sold 25,631 carats in the [...]
Petra Diamonds share price tumbles over 20 per cent as company fights to raise £127.4m June 14, 2018 Shares in mining company Petra Diamonds have fallen 23 per cent this morning, after the company flooded the market with new shares in an effort to raise £127.4m. Shareholders approved the rights issue to help cut the company’s debt burden at a special general meeting yesterday by a 99 per cent majority, driving share prices [...]
Ultra-clear 302 carat cut diamond sets new record, London jewellers say April 11, 2019 Jewellers yesterday revealed a massive 302.37 carat diamond, cut from a 1,109 carat beast which was discovered in Botswana. Graff, which cut the stone, said it is the biggest square emerald cut diamond in the world. “It is the highest colour, highest clarity diamond ever graded” by the Gemological Institute of America, the firm said [...]
Miners lift London Stock Exchange’s FTSE 100 as iron price hits record in China May 28, 2019 A rising iron ore price pushed up London-listed miners today, helping lift the FTSE 100. Rio Tinto rose 3.3 per cent by the early afternoon, while Fresnillo was up 2.8 per cent, putting both in the top five blue-chip risers. Read more: Charged: Chinese giant takes £14m stake in London lithium miner Bacanora It comes [...]
Petra Diamonds share price (PDL) rocked as the miner slashes full-year forecasts January 29, 2018 Shares in Petra Diamonds have tumbled as much as 20 per cent today as the company cut its full-year earnings expectations after it was dealt a number of blows in the first half of the year. Petra slashed its guidance on full-year earnings before interest, tax, depreciation and amortisation (Ebitda) by 10 to 15 per [...]
Diamonds aren’t forever: Sales drop off at De Beers as demand slows for small stones January 29, 2019 Diamond sales at De Beers dropped off in the first part of the year as the group faced slowing demand for its smaller products. Sales dropped by around 25 per cent in the initial so-called cycle of 2018, a reduction of $167m to $505m. Read more: Petra Diamonds' stock rally hit by falling prices at crown [...]
Centamin shares fall down mine shaft on poor annual results February 25, 2019 London-listed gold miner Centamin dropped heavily today as production fell 13 per cent last year, squeezing its bottom line. Shares had fallen by around 22 per cent by the early afternoon as the company showed disappointing results for the year ended December. Read more: Barrick Gold launches $18bn hostile bid for Newmont The company said [...]
British American Tobacco boss to step down within next year September 19, 2018 The chief executive of British American Tobacco will step down in the next year as the sector struggles with share price decline and slowing sales growth, according to reports. Nicandro Durante will leave the company after seven years in the top job, Sky News reported this evening, and is likely to be replaced by an [...]
British American Tobacco boss to step down within next year September 19, 2018 The chief executive of British American Tobacco will step down in the next year as the sector struggles with share price decline and slowing sales growth, according to reports. Nicandro Durante will leave the company after seven years in the top job, Sky News reported this evening, and is likely to be replaced by an [...]
De Beers just launched a Game of Stones June 12, 2018 Diamond pioneer De Beers has always insisted it would never market man-made, or “fake”, diamonds. It recently made a surprise U-turn, revealing it will soon sell laboratory-grown stones, despite its current “real is rare” marketing campaign. So what has sparked this change of heart? De Beers, owned by Anglo American and the Government of Botswana, [...]