Rapaport Magazine Shifts Focus to the Holidays
The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.
Category: Mining
First-quarter sales and profit dropped amid price decline and weakening of product mix.
Company held more tenders than a year earlier.
Miner sells seven diamonds for more than $1 million each, compared to nine a year ago.
Production from South Africa deposit down 56% as company moves from open pit to underground.
Storm Mountain recovered fancy-intense stone in Lesotho on March 23.
Miner had trouble accessing material from open pit at Diavik.
The relationship between the longtime partners is being tested as the deadline for a new marketing deal and mining license approaches.
Fewer tenders during third quarter also affected revenue.
Company saw record first-quarter sales of $95 million.
Chinese demand recovering, says CEO Al Cook.
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