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THOMAS BIESHEUVEL
From Surat to New York, diamond trade suffers under the weight of Russia sanctionsSurat, one of the world’s largest polishing hubs, the diamond bazaars have gone quiet in recent weeks. Workers sit idly and grumble over cu...- ArcelorMittal exits pandemic with shift to younger generationAditya Mittal, who previously worked in Credit Suisse Group AG’s investment bank, played a key role in driving the acquisition of Arcelor i...
- Diamond industry’s torrid year set to continueThe diamond midstream, the industry’s link between African mines and jewelry stores in New York, London and Hong Kong, is being squeezed li...
- A 20-carat blue diamond, that fetched $15 mn, may prove saviour for debt-ridden ownerBlue gem-quality stones are among the most valuable in the world.
- Billionaire Agarwal walks away from Anglo American stakeBillionaire maintains that his interest in Anglo was family investment and no intent to make a takeover offer.
- ArcelorMittal, Resurgent said to mull joint bid for Essar plantThe companies have held preliminary talks on a potential joint bid for the 1,200-megawatt power plant in Madhya Pradesh, sources said.
- Tata warns that UK steel making needs bigger profits to surviveThe past decade has seen some of the most traumatic years for the plant. Hurt by the global financial crisis and then by a commodity-price ...
- Lab-made diamonds for less: Why De Beers' plan worries rivalsDe Beers will target younger consumers with its lab diamonds, sold for about $800 a carat.
- Union Bank of India quits Antwerp diamond hubAntwerp didn’t generate “the expected amount of business, particularly from the diamond sector,” UBI said.
- Arcelor's steel profits keep growing, this time thanks to Donald TrumpArcelorMittal increased its forecasts for steel demand, saying it expects global consumption to rise as much as 3 percent in 2018, up from ...
- Anil Agarwal wants to build Indian commodity giant to rival majors“We take chances," Agarwal said. “We are like a river, we are going as and where assets are available.”
- World's fifth-largest diamond sells for $40 millionThe 910-carat Lesotho Legend was sold in a tender in Antwerp, Gem Diamonds Ltd.
- After fifth-biggest stone, miner finds another 149-carat diamondLast week, the company had found a 910-carat stone, about the size of two golf balls.
- Fifth biggest diamond found in mountains of Lesotho, AfricaA small, embattled miner Gem Diamonds just hit the jackpot with 910-carat stone.
- China sends one of the West's most critical materials soaringThe price of tungsten in Europe has jumped 52 per cent since early July.
- Russia plans gem reform to compete with India's million workersThe plan may lead to Alrosa selling about 10 percent of its gems domestically, Moiseev said, adding that there are no plans for Alrosa to i...
- Steelmakers are worth the most in nearly 6 yearsDemand in China, which produces half the world’s steel, has been surprisingly strong this year
- Cash is king for diamond market reeling from India money war"The Indian demonetisation programme is showing how much of the polishing industry is still a cash business," said Richard Chetwode, an ind...
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