De Beers introduced its new collection of fine jewelry (High Jewellery collection) during the Paris haute couture week 2016, according to a company press release. Collection "London by De Beers" captured in diamonds five London attractions - the Albert Bridge, Battersea Power Station, Elizabeth Tower, Buckingham Palace and the Thames.
"We are proud to call our London home and present our first collection, conceived as a tribute to the hometown of our brand. These unique works were created to capture the magic light that plays on these iconic landmarks, and is reflected from the surface of the majestic Thames, embodying the unique spirit of London. Five sets demonstrate exceptional skill in moving water and light transmission in a beautiful combination of diamond faces and elaborate jewelry technique, "- says CEO of De Beers Diamonds Jewellers Fransua Delazh (Francois Delage).
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Petra Diamonds, which owns diamond mines in South Africa and Tanzania, reported that its revenue for the second half of 2015 fell by 28% to $ 154 million, compared with $ 214.8 million in the same period a year earlier.
As noted in Petra, diamond sales volumes decreased by 7% to 1,303,051 carats because of seasonal fluctuations of texts dates.
However, net profit after tax fell immediately by 85% to $ 6.3 million, versus $ 42.8 million in the second half of the previous year.
Profit from mining operations fell by 41%, to $ 55.1 million, versus $ 92.9 million a year earlier due to lower turnover volumes.
Meanwhile, the diamond mining company increased by 2% during the reporting period to 1,629,403 carats against 1,601,069 carats in the same period the previous year.
"From an operational point of view of performance of the company remained well our program on diamond mining and the expansion of production capacities developed according to plan and in line with the annual objectives -. Says CEO Petra Johan Dippenaar (Johan Dippenaar) -. Although our results were affected by lower prices diamond compared with the previous period, we have managed to maintain a high level of operating profits from diamond mining to 36% thanks to the good economic performance of our mines. in addition, the positive impact It had and the weakening of the rand against the US dollar. "
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