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Akil Zubir Alrosa
Alrosa Names New Belgium Chief
Alrosa has appointed Akil Zubir as managing director of its Belgium office, the miner said Thursday. He will succeed Sergey Panchekhin, who has worked for the company for more than 20 years and plans...
Mining Sep 21, 2020 Rapaport News
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Sep 13, 2020 Rapaport News
Alrosa rough 150
Alrosa Sees First Sales Increase Since Feb.
Alrosa’s sales rose 19% year on year to $216.7 million in August as the miner reduced rough prices to spur demand amid an improvement in the diamond market.The month saw the company’s first revenue increase since February,...
Mining Sep 10, 2020 Rapaport News
Diamonds in a shopping cart
The Rough Market’s Window of Opportunity
The price cuts that took effect in the rough-diamond market last month surprised some, but made perfect sense given the trends in polished trading and the recent earnings reports from De Beers and...
Rough Markets Sep 08, 2020 Rapaport News
Alrosa rough
Alrosa Aiming to Extract Higher-Value Rough
Alrosa is expanding its use of X-ray technology in an effort to recover rarer and larger rough diamonds before the sorting system crumbles them into pieces.The Russian company is trialing upgraded equipment at its Udachny mine in Yakutia...
Mining Sep 07, 2020 Joshua Freedman
De Beers rough and polished
Rough-Market Momentum Set to Continue
The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.“There’s still a gap, because demand is there, and supply is very limited and...
Rough Markets Sep 03, 2020 Joshua Freedman
Polished Diamonds & Tweezer
Rising Polished Prices Boost Sentiment
RAPAPORT PRESS RELEASE, September 1, 2020, Las Vegas… Diamond markets improved in August as governments eased Covid-19 restrictions and dealers sought to fill specific orders from jewelers. Indian manufacturers increased polished production to fill shortages...
Polished Markets Sep 01, 2020 Rapaport
De Beers Rough
India Calls for Inventory Caution
India’s major trade body has again urged members to avoid taking on unsellable diamond inventory, arguing that the industry’s recent improvement has been only partial.While polished demand is increasing and some categories are...
Rough Markets Aug 26, 2020 Rapaport News
Sarine Israel 150
Sarine to Track Alrosa Rough from Mine to Market
Sarine Technologies will trace Alrosa’s rough diamonds from the mine through each point of their journey using technology already in play in the manufacturing sector.“[The system] enables tracking diamonds originating from Alrosa, however...
Technology Aug 26, 2020 Rapaport News
Alrosa rough
Alrosa Allows 100% Refusals at August Sale
Alrosa will enable long-term clients to refuse all their supply allocations at this month’s contract sale, continuing the policy it introduced in July.“We should admit that we are at the very beginning of the market recovery, which...
Rough Markets Aug 18, 2020 Rapaport News
Alrosa rough
Alrosa Expects October Recovery
Alrosa has predicted a return to pre-pandemic rough sales levels in October, observing a promising combination of midstream shortages and growing retail demand. Executives made the forecast Friday following the release of the miner’s second-quarter results,...
Mining Aug 16, 2020 Rapaport News
Rough
What De Beers and Alrosa Clients Really Want
Ask a De Beers or Alrosa contract client about the biggest problems with the miners’ age-old systems for selling rough, and the answer will probably include a comment on prices. High rough prices relative to polished...
Rough Markets Aug 13, 2020 Joshua Freedman
Alrosa yellow diamond 150
Alrosa Finds Russia’s Largest Colored Diamond
Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old,...
Mining Aug 10, 2020 Rapaport News
Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
Rough Markets Aug 06, 2020 Joshua Freedman
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
De Beers Rough
Reduced Diamond Supply Lifts Polished Prices
RAPAPORT PRESS RELEASE, August 4, 2020, Las Vegas… Polished diamond prices firmed in July due to supply shortages for select categories. Sentiment remained weak and trading levels low amid new Covid-19 restrictions.The RapNet...
Polished Markets Aug 04, 2020 Rapaport
Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
Rough Markets Aug 02, 2020 Rapaport News
De Beers rough and polished diamonds.
De Beers to Hold Viewings in Antwerp and Dubai
De Beers will allow clients to view goods in Antwerp and Dubai at next week’s sight, with both the company and its Russian rival Alrosa maintaining their policies of enabling 100% deferrals.The two largest miners...
Rough Markets Jul 23, 2020 Joshua Freedman
Alrosa
Alrosa to Begin Exploration in Zimbabwe
Alrosa will spend $12 million over the next two years prospecting and developing several diamond deposits in Zimbabwe.The government has allowed the Russian miner to begin exploration through Alrosa Zim, a joint venture...
Mining Jul 22, 2020 Rapaport News
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