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De Beers truck
De Beers Allows Deferrals at $505M Sale
De Beers’ sales slipped to $505 million at its seventhcycle this year as the miner allowed sightholders to refuse allocations of cheaperrough diamonds. The proceeds — which include last week’s sight — weremarginally lower than the $507 million...
Rough Markets Sep 12, 2018 Joshua Freedman
Rapaport Research Report: India in Focus 150
Rapaport Research Report: India in Focus
India holds a dominant position in the diamond industry, coming closer than any other market to spanning the entire pipeline. Besides its extensive rough and polished trade, it has made a name for itself in jewelry-making,...
Polished Markets Feb 22, 2018 Avi Krawitz
Rio Tinto Diamond Sales Rise 150
Resurgent Rough Market Boosts Rio Tinto Revenue
Rio Tinto’s diamond revenue rose 15% to $706 million in 2017,as global rough demand increased and Indian manufacturers replenished stockfollowing demonetization. Profit in the diamond unit almost doubled over the previous year, climbing...
Mining Feb 07, 2018 Rapaport News
Botswana Rough Exports Fall in 2017 150
Botswana’s Rough Exports Drop
Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the...
Mining Jan 31, 2018 Rapaport News
US Polished Imports Grow in November 150
US Diamond Imports Rise in November
US polished-diamond imports jumped 11% year on year inNovember, government data showed. Shipments grew to $1.77 billion as a 26% rise in the averageprice of imports — to $2,573 per carat — outweighed a 12% drop in volume to687,000 carats. Polished exports...
Polished Markets Jan 18, 2018 Rapaport News
Bharat Diamond Bourse
India Trade Rebounds After Demonetization
India’s diamond industry showed significant gains inNovember as both rough and polished trading recovered from last year’s post-demonetizationslump. Polished-diamond exports jumped 50% year on year to $1.78billion, according to data the nation’s Gem &...
Polished Markets Dec 24, 2017 Rapaport News
Alrosa Sale 150
Alrosa Benefits from Rough Market Recovery
Alrosa’s sales spiked in November as the rough-diamondmarket recovered from a downturn it had experienced a year earlier. Sales grew 36% to $334.2 million compared with November2016, when the Indian government’s demonetization policy negatively impactedliquidity and...
Mining Dec 11, 2017 Rapaport News
Trans Hex
Trans Hex Sales and Prices Decline
Revenue fell for South Africa-based Trans Hex in the pastfiscal year as the company sold a smaller volume of diamonds and pricesdeclined, the miner said in a statement last week.Sales of rough diamonds slumped 19.5% to $41.8 million...
Mining Jun 27, 2017 Rapaport News
David Whittle Mountain Province
Mountain Province Names New Chief
Mountain Province Diamonds has appointed David Whittle asinterim CEO to replace Patrick Evans, who has stepped down, the miner announcedThursday.Evans, who had been CEO of Mountain Province for 11 years,will continue as a director and...
Mining Jun 11, 2017 Rapaport News
Titan Withstands Indian Demonetization
Titan Company’s sales and profit increased in the fiscal fourth quarter that ended March 31, even with India’s jewelry market under pressurefollowing November’s demonetization program.Revenue jumped 44% to $543.4 million (INR 34.87...
Retail May 15, 2017 Rapaport News
India gold jewelry
India Boosts Global Gold Jewelry Demand
Global gold-jewelry demand increased in the first quarter, driven by a reawakening in India, the World Gold Council (WGC) said in its quarterly report ongold trends.Overall demand for gold jewelry advanced 5% to $18.85 billion, and by volume...
Retail May 08, 2017 Rapaport News
Global Money
Diamond Trade Banking on Relationships
The diamond industry and the banking sector are getting to know each other again, having recognized the gulf that’s developed between them. In that spirit, the diamond financing seminar that took place...
Polished Markets Apr 06, 2017 Avi Krawitz
Tanishq Titan
Titan Optimistic Amid Indian Economic Reforms
Titan Company expects sales will increase by more than 10%this year, following Indian government measures that aim to create a moremature economy.“The formalization of the economy bodes well for all thedivisions of the company, and...
Retail Apr 06, 2017 Rapaport News
India gold jewelry
India Braces for Ban on Large Cash Deals
India’s ban on high-value cash transactions could damagerural gold demand or spur growth in the black market, the World Gold Council(WGC) warned.From April 1, the government will cap cash purchases at $4,493(INR 300,000) as it continues its...
Retail Mar 09, 2017 Rapaport News
De Beers
De Beers Sale Points to Steady Rough Demand
De Beers reported rough diamond sales of $545 million inFebruary as demand remained steady from the beginning of the year.Sightholders noted an improvement in market conditions forthe first two months of the year, particularly after Indian demand...
Rough Markets Feb 28, 2017 Joshua Freedman
Rough emerald
Gemfields Sales Dented by India Liquidity Slump
Gemfields’ half-year revenue plummeted 46 percent as thecompany deferred an auction of higher-quality rough emeralds due to tighterliquidity in India.Sales fell to $51 million in the fiscal first half thatended December 31, 2016, the colored-gemstone miner said last...
Gemstones Feb 26, 2017 Rapaport News
Gareth Mostyn
De Beers Foresees Pleasingly Normal 2017
De Beers offered few surprises in its 2016 earnings, which were published on Tuesday and reflected what chief executive officer Bruce Cleaver called a “very pleasing year.” Granted, growth was compared to the weak performance...
Rough Markets Feb 23, 2017 Avi Krawitz
RDR Gold Rush
Gold Price Hike Dampens Jewelry Demand
A bounce in gold pricesand sluggishness in India and China drove global jewelry demand lastyear to its weakest level since 2009, according to the World Gold Council(WGC).Global demand fell 15 percent to 2,041.6 tonnes in 2016, aseven-year low,...
Retail Feb 05, 2017 Rapaport News
Diamcor Prices Succumb to India Liquidity Crisis
Diamcor reported weaker prices at its fiscal third-quarter tenders as India’s demonetization policy thatsapped liquidity from the market hit the miner’s sales.The company fetched an average price of $125 per carat at rough-diamond tenders held...
Mining Jan 18, 2017 Rapaport News
Jewelry store depressed
Diamond Prices Decline Amid India Liquidity Crisis
PRESSRELEASE, January 3, 2017, New York… Polished diamond prices softened inDecember as Indian liquidity dried up due to the government’s demonetizationpolicy eliminating 500 and 1,000 rupee notes. Trading slowed with dealerstaking vacation during the...
Polished Markets Jan 03, 2017 Rapaport
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