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De Beers sightholder examining rough
De Beers Lets Sightholders Defer Chinese Goods
De Beers has allowed clients to forgo buying certain rough diamonds at this week’s sight, as the coronavirus outbreak has raised concerns about a polished glut.The miner has let sightholders defer purchases of goods that produce...
Rough Markets Feb 26, 2020 Joshua Freedman
Rough diamonds De Beers
Virus Likely to Impact Demand at De Beers Sight
De Beers and its clients expect a slowdown in rough-diamond sales at the company's Botswana sight this week amid concerns about the coronavirus.“It’s fair to say there will be an impact on rough demand in the short term,” De Beers...
Rough Markets Feb 25, 2020 Joshua Freedman
De Beers rough and polished
De Beers Optimistic After 2019 Earnings Slump
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns about Chinese demand.Early data from the holiday season indicate midstream stock levels are more balanced...
Mining Feb 20, 2020 Rapaport News
Lightbox
De Beers Adds Grading Specs for Lightbox
Lightbox has added grading information for its synthetic white diamonds in an effort by the De Beers brand to bring further transparency to the lab-grown sector.The company will provide technical specifications showing the minimum quality of its...
Retail Feb 18, 2020 Rapaport News
Star Rays factory Surat
Star Rays Outlines Plan to Be Carbon-Neutral
Star Rays revealed its intention to be the first Indian diamond company to become carbon-neutral, arguing that greener credentials will help attract consumers to the product.The Mumbai-based manufacturer aims to reduce travel, produce less plastic...
Manufacturing Feb 16, 2020 Joshua Freedman
Synthetic colored diamonds
De Beers Scores Partial CVD Patent Victory
A court has awarded a limited victory to De Beers’ synthetic-diamond production unit in a patent dispute with Singapore-based grower IIa Technologies.IIa infringed an Element Six patent related to diamond material that’s usable for lab-grown diamond jewelry and...
Financial-Legal Feb 09, 2020 Rapaport News
Canadian Rough
Diamond Market Cautious Amid China Concerns
RAPAPORT PRESS RELEASE, February 4, 2020, Las Vegas… Diamond market sentiment was positive for most of January but weakened as the outbreak of the coronavirus in China resulted in a shutdown of retail stores over the important Chinese...
Polished Markets Feb 04, 2020 Rapaport
mountain province ore crusher 150
Mountain Province to Exit Nasdaq
Mountain Province has decided to delist itself from the Nasdaq stock exchange following six months in which its shares were below the minimum bid price.The company, which is also listed on the Toronto Stock...
Mining Feb 02, 2020 Rapaport News
RDI ring 150
De Beers Brings Its Grading Services to US
De Beers Group Industry Services will provide diamond-grading reports to RDI Diamonds in its first foray into the US market.The grading-lab arm of the mining giant will be the exclusive provider of grading services for the New...
Retail Feb 02, 2020 Rapaport News
De Beers
De Beers Sales Rise to Nine-Month High
De Beers’ January rough-diamond sales reached their highest level since last April as post-holiday stock replenishment boosted demand.Proceeds of $545 million at the first sales cycle of 2020 were 9% higher than a year ago, the miner...
Rough Markets Jan 29, 2020 Rapaport News
De Beers
De Beers Sales Volume Down in 2019
De Beers’ sales fell 8% by volume last year amid a slowdown in the rough-diamond market and weak demand from the manufacturing sector.The miner sold 30.9 million carats of rough, compared with 33.7 million carats in 2018,...
Mining Jan 26, 2020 Rapaport News
De Beers rough
De Beers Plans Overhaul of Supply Policy
De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.The move, which would go into effect from 2021, would...
Rough Markets Jan 23, 2020 Joshua Freedman
Rapaport Diamond Podcast
Podcast Episode 21: Googling Billy Porter
The Rapaport Diamond Podcast ushers in the new year with a review of the holiday season and some bold predictions for 2020. Is this the year of retail refurbishment? Will rough buying become more demand-driven?...
Polished Markets Jan 14, 2020 Rapaport News
WD Lab Grown Diamonds
WD Sues Diamond Growers over CVD Patents
The companies behind WD Lab Grown Diamonds have filed three lawsuits against competitors, accusing them of infringing patents for diamond synthesis and treatment. The Carnegie Institution of Washington, a science organization, and M7D Corporation,...
Financial-Legal Jan 12, 2020 Rapaport News
Forevermark
Forevermark Unveils First Interactive Shop in China
De Beers has launched an immersive concept store for its Forevermark jewelry brand in China. The boutique, the first of its kind for the brand, is located in jewelry department store Caibai in Beijing, De Beers said last...
Retail Jan 12, 2020 Rapaport News
A diamond ring (Shutterstock)
Diamond Prices Stable After Year of Declines
RAPAPORT PRESS RELEASE (Revised), January 7, 2020, Las Vegas… Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized and improved for sizes under 1 carat, supported...
Polished Markets Jan 07, 2020 Rapaport
De Beers Dominion
De Beers, Dominion Seek Canada Expansion
De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada’s Mackenzie Valley Land and Water Board, De Beers noted interest...
Mining Jan 06, 2020 Rapaport News
Stone inspection
The 10 Most Read Stories of 2019
There’s a running joke here at Rapaport News that if we just put “GIA,” “De Beers” and “synthetics” into a headline in a random order and added a few filler words, it would automatically get the diamond industry clicking...
Polished Markets Dec 31, 2019 Joshua Freedman
The Next Diamond Decade
The Next Diamond Decade
It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what...
Polished Markets Dec 25, 2019 Avi Krawitz
Mountain Province
New Pipe Proves Fruitful for Mountain Province
Mountain Province recovered more than 5,000 micro-diamondsfrom Gahcho Kué’s new Wilson pipe during its initial drilling program. The Canadian miner retrieved 1.7 tonnes of kimberlite fromtwo drill holes at the site, it said...
Mining Dec 24, 2019 Rapaport News
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