From the Sublime (De Beers) to the Ridiculous (Lil Uzi Vert) February 04, 21 by John Jeffay
Two diamond stories that appeared in the mainstream media stood out for me this week. One was a very respectable tale from the finance pages about De Beers announcing its biggest sight revenue for three years. The other was just about the weirdest diamond story you re likely to read, about a rap singer having a $24m pink diamond implanted in his forehead. From the sublime to the ridiculous. Let s talk about De Beers first. After all, there can barely be a week when the world s biggest diamond supplier (by value) doesn t appear in the diamond media. It s less than a year since they recorded a big fat zero for sight 3. But After a robust recovery they sold $650m (provisional figure) of rough last month in spite of - o
3 February 2021 | 07:18am
StockMarketWire.com - Mining company Anglo American said the value of rough diamond sales at its De Beers unit had increased during the first cycle of 2021 to $650 million from $551 million seen in the same cycle a year earlier.
The figure compared with $452 million seen in the tenth cycle of 2020. With the midstream starting the year with low levels of rough and polished inventories, and following strong sales of diamond jewellery over the key holiday season in the US, we saw good demand for rough diamonds at the first cycle of the year as midstream customers sought to restock and to fill orders from retail businesses, De Beers chief executive Bruce Cleaver said.
Anglo American : Says De Beers Diamond Sales Boosted by Restocking After Strong Christmas marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Top UK Stocks to Watch: Vodafone service revenue returns to growth
Joshua Warner February 3, 2021 9:08 AM
Vodafone surprises the market as services revenue returns to growth, GSK signs a coronavirus vaccine partnership with CureVac, Unite Group extends its rental discounts to students, and Wizz Air’s passenger numbers slump in January thanks to the pandemic. Share:
Top News: Vodafone stays on track as service revenue returns to growth
Vodafone said service revenue returned to growth in the third quarter of its financial year, putting it on course to hit its full year targets.
The telecoms giant said organic service revenue, which accounts for the bulk of its total topline income, grew 0.4% in the last three months of 2020, as a 1.1% decline in central Europe was offset by stronger performances elsewhere and from Vodacom. Its large
By Reuters Staff
(Adds comments from CEO, analyst note, details)
Feb 3 (Reuters) - Miner Anglo American said on Wednesday its diamond unit recorded higher sales in the first cycle of 2021, boosted by robust demand ahead of the Chinese New Year and Valentine’s Day.
The upbeat report comes at a time when the diamond industry has been struggling with falling sales and prices as the COVID-19 pandemic hammered demand and the ensuing lockdowns prevented buyers from travelling to auction sites.
“While risks to recovery as a result of ongoing restrictions on the movement of both people and goods persist, we have been encouraged by demand conditions,” said Bruce Cleaver, chief executive officer of De Beers Group.