The 2018 Plenary Session of the Kimberley Process Certification Scheme opened in Brussels yesterday with the World Diamond Council (WDC) expressing its support to calls for an expanded definition of conflict diamonds as part of the ongoing reform process.

Overall demand for gold rose by 4% in Q3 2018 to an estimated 1,010 tonnes on the back of weaker prices, despite continued large outflows from the ETF sector, the GFMS team at Refinitiv said while releasing the GFMS Gold Survey: Q3 2018 Review and Outlook.

Mountain Province Diamonds Inc. reporting its financial and operating results for third quarter ended September 30, 2018 (Q3 2018), said that earnings from mine operations for the period stood at C$ 25.2 million and net income amounted to C$ 17.5 million or C$ 0.08 cents earnings per share.

Titan Company Ltd’s income for the second quarter ended September 30, 2018 of the Financial Year 2018-19 jumped by 26% to Rs. 4,353 crore from its income for Q2 2017-18 which was Rs. 3439 crore.

ALROSA releasing its IFRS financial results for Q3 and 9M 2018 said that revenue for the nine-month period increased by 11% to RUB 238 billion “on the back of higher price index and average diamond selling prices and a better sales mix”. This, the Company stressed, was achieved despite a 9% drop in sales in terms of carats.