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Satellite Boost for Angola’s Diamond Industry

Satellite Boost for Angola’s Diamond Industry

by John Jeffay | Nov 23, 2023 | Analysis, Opinion, & Forecasting

Satellite Boost for Angola’s Diamond Industry Date: 23 Nov, 2023 | By John Jeffay. Launch of the Angosat-2 satellite in Russia last October. Picture : ROSCOSMOS, Russia’s State Space Corporation. Angola’s national diamond company is now using a combination...
Stornoway Files for Bankruptcy Protection

Stornoway Files for Bankruptcy Protection

by John Jeffay | Oct 30, 2023 | Analysis, Opinion, & Forecasting

Stornoway Files for Bankruptcy Protection Date: 15 Nov, 2023 | By John Jeffay. The Renard mine, in Quebec. Picture : Stornoway Diamonds. Canadian miner Stornoway Diamonds has filed for bankruptcy protection for the second time in four years, blaming a sudden drop in...
Lucapa’s Rough Revenue Slides During Q3

Lucapa’s Rough Revenue Slides During Q3

by John Jeffay | Oct 23, 2023 | Analysis, Opinion, & Forecasting

A 180.87 carat Type IIa white diamond from Lulo mine, Angola. Picture : Lucapa. Lucapa reported Q3 rough sales of $14.6m, down 43 per cent year-on-year, and down 33 per cent on the previous quarter. The ASX-listed miner said it held fewer sales than usual during the...
Petra’s Tender Results Down 18%

Petra’s Tender Results Down 18%

by Erez Jacob Rivlin | Oct 6, 2023 | Analysis, Opinion, & Forecasting

Petra’s Tender Results Down 18% Miner optimistic about impact of latest supply restrictions on prices By Erez Jacob Rivlin Rej 1 diamond – part of Jacob Rivlin coursesPicture : Jacob Rivlin Petra’s Tender 2 for FY 2024 reflected 16% to 18% lower prices than...
Negative Mood – Little Trading at New Prices

Negative Mood – Little Trading at New Prices

by Diamond Herald | Oct 2, 2023 | Analysis, Opinion, & Forecasting

Mk2 from Russian Nyurba minePicture : Jacob Rivlin Very negative general mood continues. Many bridge-traders, who buy original goods and re-assort for manufacturers, have stopped trading. Several traders buying Angolan goods claim that prices there are too high, when...
Lucara Ditches HB Sales Agreement

Lucara Ditches HB Sales Agreement

by Erez Jacob Rivlin | Sep 29, 2023 | Analysis, Opinion, & Forecasting

Lucara Ditches HB Sales Agreement How and Why It All Happened Opinion by John Jeffay and Erez Jacob Rivlin Karowe Mine Picture : Lucara Diamond Corp The innovative rough diamond deal between Lucara and HB Antwerp collapsed two days ago (27 September). Lucara said it...
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