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Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 2019 Rapaport News
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
De Beers Veneita
Higher Costs Hit De Beers Profit
De Beers’ earnings fell in 2018 due to the costs of new initiatives such asits Lightbox synthetics business.Underlying earnings slid 34% to $349 million, as capital expenditure rose 53% to $417 million for the year, the company...
Mining Feb 21, 2019 Rapaport News
Sorting at DTC Botswana
De Beers Green-Lights Disclosure-Rule Changes
De Beers has approved plans to allow sightholders to referto its goods as “DTC diamonds,” a company spokesperson confirmed with RapaportNews on Tuesday. The miner consulted with clients during the December sightin Botswana, proposing to relax its...
Mining Jan 08, 2019 Joshua Freedman
De Beers sight box
De Beers Ready to Relax Its Provenance Rules
De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
Rough Markets Dec 13, 2018 Joshua Freedman
Namdia
Namdia Garners $143M in First Annual Sales
Namibia’s rough-diamond division is expanding its client base, after seeing strong sales in its first year of operations. Namdia garnered revenue of NAD 2 billion ($142.8 million) in the 12 months that ended February 28, and last...
Rough Markets Nov 07, 2018 Rapaport News
Diamond
IDMA, WFDB Consider Joining Forces
The International Diamond Manufacturers Association(IDMA) is considering an alliance with the World Federation of DiamondBourses (WFDB) in response to the crisis in the global cutting sector. “With the changes in the diamond-manufacturing sector’s landscape,as well as due to the...
Manufacturing Nov 05, 2018 Joshua Freedman
De Beers 150
De Beers Sales Volume Rises in Positive Market
De Beers’ sales volume and production grew sharply in thesecond quarter amid strong trading conditions, the miner’s parent companyreported Thursday. Rough-diamond sales rose 69% to 10 million carats during thethree months ending June 30,...
Mining Jul 19, 2018 Rapaport News
Namibia
Namibia Predicts Diamond-Sector Slowdown
Economic growth from Namibia’s diamond-mining sector willslow this year due to depletion of resources from inland deposits, its nationalbank said. While the industry’s contribution to gross domestic product(GDP) will increase 11% in 2018, that...
Mining Jul 09, 2018 Rapaport News
De Beers 150
De Beers Raises Prices at $520M Sale
De Beers’ April sight closed with a value of $520 millionamid concerns among manufacturers that higher rough prices could affect profitmargins.De Beers raised prices by 1% to 2% from the previous salefor larger size categories, sightholders told...
Rough Markets Apr 17, 2018 Joshua Freedman
De Beers Seeks Buyer for Namibia Mine 150
De Beers Plans to Sell Namibia Mine
De Beers’ joint venture with the Namibian government is seekinga buyer for its Elizabeth Bay operation, as the miner diverts resources to its marineprojects. Namdeb closed ElizabethBay between 2009 and 2011, when it revived it and...
Mining Feb 12, 2018 Rapaport News
De Beers Namibia vessel ship workers
Debmarine Splashes $142M on Diamond Ship
De Beers is planning to add the world’s largestcustom-built diamond-mining vessel to its fleet at a cost of $142 million. The ship will be the sixth belonging to DebmarineNamibia, a 50:50 joint venture between the miner and the Republic of Namibia,...
Mining Nov 22, 2017 Rapaport News
476ct Sierra Leone
Sierra Leone Yields Another Massive Diamond
A Sierra Leone mining operation discovered a 476-carat rough diamond at the Meya deposit in the nation’s Kono district last week, its owner announced Friday.Meya Mining, a subsidiary of Namibia-based conglomerate TrustcoGroup, found the diamond, which...
Mining Nov 12, 2017 Rapaport News
Namdeb mine
De Beers to Close Four Namibia Mines
De Beers’ joint venture in Namibia will shut four diamondmines in the country by 2022 due to dwindling resources, Reuters reported lastweek.Namdeb, a 50:50 project with the nation’s government, willclose the Elizabeth Bay mine at the end...
Mining Oct 29, 2017 Rapaport News
De Beers empowers women
De Beers Pledges to Empower Women
De Beers has partnered with the United Nations to support theadvancement of women in the company and across areas of life its operations affect.As a UN Women partner, De Beers has pledged to invest $3million in empowering women in diamond-producing countries,...
Marketing Sep 24, 2017 Rapaport News
De Beers Namibia exploration vessel ship
World’s Largest Diamond Ship Sets Sail in Namibia
De Beers launched the world’s largest diamond-explorationship on Thursday, as it looks to Namibian waters to maintain production levels.The mv SS Nujoma cost$157 million to build and will allow Debmarine Namibia, De Beers’ joint venture with the Namibiangovernment, to secure the...
Mining Jun 18, 2017 Rapaport News
Forevermark polished diamond
Forevermark Inscribes Two-Millionth Diamond
Forevermark reached another milestone this month after a round brilliant-cut, 3.48-carat polished stone became the two-millionth diamond to be inscribed by the De Beers brand. The diamond, which bears the serial number “2,000,000,” originated in Namibia,...
Retail May 28, 2017 Rapaport News
De Beers DTC sight boxes
De Beers Cuts Sightholder Allocations
De Beers has reduced the supply of rough diamonds it will be offering sightholders in the coming year, as it fulfills its commitment to support diamond manufacturing in Namibia.The company signed an agreement with the Namibian government last year, committing...
Rough Markets Mar 30, 2017 Avi Krawitz, Joshua Freedman
Almod Diamonds
Almod Diamonds to Open Canada Cutting Factory
New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting andpolishing facility in Canada’s Northwest Territories next year.Almod, an affiliate of retailer Diamonds International, saidit will set up a factory...
Manufacturing Dec 21, 2016 Rapaport News
Philippe Mellier
De Beers and Namibia Strike Long-Term Deal
De Beers and Namibia signed a 10-year salesagreement – their longest pact ever – that will “significantly increase” thequantity of rough diamonds made available for beneficiation.The deal for sorting, valuing and sales ofdiamonds from Namdeb,...
Mining May 17, 2016 Rapaport News
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