News Cecil Martin, former AFL star

Premier League footballers are not doing enough to help disadvantaged young people, according to the American sportsman recruited by Boris Johnson to mentor London’s teenagers.

City File: Dia Met and Lytton Minerals

AMONG the victims of the great gold ramp earlier this year were Dia Met and Lytton Minerals, two of the smaller companies in the diamond rush in the Canadian Arctic. This is no pipe-dream, for it already involves RTZ, De Beers and Dia Met's backer, the Australian mining giant BHP. First results were highly promising but the gold-share rush cooled enthusiasm.

Notebook: BBC's flawed diamond

ANOTHER BBC bodge-up, it seems. A two-part co-produced documentary on diamonds and the diamond industry, The Diamond Empire, three years in the making at a cost reported to be around pounds 2m, has been pulled from the schedules after complaints from Channel 4 and De Beers, the diamond company, about unlicensed use of footage from another documentary showing the De Beers monopoly in action.

De Beers dips despite rise in sales

DE BEERS, the South African mining giant, saw a drop of 1.6 per cent in net income before tax from its diamond operation in the first half of the year, despite a 42 per cent jump in sales from stocks and a price rise in February.

Diamond sales hit record dollars 2.5bn: Demand for gems from De Beers' stockpile boosted by African shortages

THE diamond market yesterday revealed a dramatic reversal in the two- year decline in worldwide sales.

Charter buys back Minorco's 36% stake

CHARTER Consolidated, the UK industrial holding company, is to sever its last links with Harry Oppenheimer's Anglo American-De Beers mining empire by buying back a long- standing 36 per cent stake held in it by Minorco for pounds 235.5m.

Bottom line: Charter makes the break

PERHAPS the only surprising item in Charter Consolidated's pounds 235.5m buy-back of Minorco's 36 per cent stake and the final breach with Anglo American-De Beers is the fact that Sir Michael Edwardes, brought in 8as 'hit man' by Minorco in 1988, remains as non-executive chairman and is not departing from the Charter board along with the three other Minorco nominee directors.

Russia threatens to renege on De Beers diamond deal

RUSSIA is threatening to renegotiate the deal under which the vast bulk of its rough diamond output is sold through the giant South African De Beers group.

CSO relaxes diamond delivery quotas: Attempt to address imbalance in market

DIAMOND producers received a boost yesterday with the news that the giant Central Selling Organisation (CSO) is to relax slightly the quota system that has curtailed deliveries over the past eight months.

Gold problems hold back Minorco ambitions: Operating loss dollars 2.9m at interim stage, but chairman anticipates an upturn

MINORCO'S attempt to build an active diversified mining and minerals group continues to be dogged by the poor performance of its gold and agribusiness subsidiaries and by its failure to make substantial acquisitions.

De Beers cuts payout as profits fall

DE BEERS, which controls 85 per cent of the world's diamond market through its London-based Central Selling Organisation, yesterday cut its dividend for only the third time this century after a 29 per cent fall in taxable profits.

ART MARKET / Treasure Trove: During the years of communist rule a small group of Russian enthusiasts risked their lives to build impressive art collections. Now the collapse of the Soviet system has allowed them to go public - and reveal their treasures

ELEONORA Afonine has just made her first visit to Israel; the trip cost her a Faberge silver tray and two Faberge bowls. Art treasures are now worth serious money in St Petersburg, where she lives; she sold the tray for dollars 1,000 (pounds 700) and the bowls for dollars 750 each. But she was not impressed by her visit - Israel was so uncultured compared with St Petersburg.

View from City Road: Charter turns intriguing

ANYONE who feels miffed at missing out on the Johnson Matthey placing should consider buying Charter Consolidated instead. The sale of Charter's 38 per cent stake in Johnson has transformed Jeffrey Herbert's industrial holding company from a dull but predictable investment into an intriguing but speculative play. The group's stake in the platinum fabricator meant that half Charter's market capitalisation, 60 per cent of its turnover and 45 per cent of its profits werer tied up in a company over which it had no control. Disposal of that holding leaves Mr Herbert and his team in charge of an assortment of engineering and aggregates-related businesses and about pounds 450m in cash.

Commentary: No longer a girl's best friend

Diamond prices never fall at De Beers, which controls 80 per cent of world rough diamond sales through its Central Selling Organisation. But even a controlled market gives warning signals when it is ailing.

Charter sells Johnson Matthey stake for 342m pounds

CHARTER Consolidated, the industrial holding company, is selling its 38 per cent stake in Johnson Matthey, the platinum refiner, for about pounds 342m.

View from City Road: A gem of an idea from Charter

SOONER or later Charter Consolidated had to do something about its image as a cash-rich, passive holding company.
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Pompeii, Capri & the Bay of Naples
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Prices correct as of 20 February 2015
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