RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Alrosa rough
Stop Buying Rough
The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade. This long-term challenge is reaching crisis levels, as manufacturers lack liquidity and...
Rough Markets Jul 03, 2019 Avi Krawitz
De Beers Sorting
De Beers Cuts Prices as Rough Sales Slide
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
Rough Markets Jun 25, 2019 Avi Krawitz
DTC Botswana sorting
De Beers Sales Slump 25% in May
De Beers’ sales fell to their lowest level in more than ayear and a half, as a slowdown in the Indian manufacturing sector hit roughdemand. Revenue dropped 25% to $415 million for the fourth salescycle of the year, which...
Rough Markets May 21, 2019 Joshua Freedman
Debswana Jwaneng
De Beers Sales Jump 10% in April
De Beers recorded its largest rough-diamond sale sincemid-2018 as demand was steady following a slow first quarter. Sales rose 10% year on year to $575 million in the thirdsales cycle of the year, including last week’s sight...
Rough Markets Apr 10, 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
Venetia
Weak Demand Weighs on De Beers Sales
De Beers’ sales fell for the second consecutive month, ashigh rough prices and slim midstream profits softened demand from buyers,sightholders reported. Sales of $490 million in February were 13% below ayear ago amid...
Rough Markets Mar 06, 2019 Joshua Freedman
De Beers for the NewsBrief
De Beers Sales Slump Amid Market Weakness
De Beers’ rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold...
Rough Markets Jan 29, 2019 Joshua Freedman
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 Alrosa sales dates
De Beers, Alrosa Reveal 2019 Sale Schedules
De Beers and Alrosa have released the dates of theirrough-diamond sales for 2019. Next year, De Beers will not hold a sight inOctober, replacing it with a sight in August instead. Alrosa sales also includegoods from its...
Mining Dec 25, 2018 Rapaport News
De Beers sight 150
De Beers Sales Rise After Diwali Break
De Beers sold $540 million of rough diamonds in its Decembercycle, buoyed by the return of Indian manufacturers from their seasonal holidayshutdown, the company said Tuesday. Revenue from the 10th cycle, including last week’s sight...
Mining Dec 18, 2018 Rapaport News
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
De Beers
De Beers Sales Slip to $440M
De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing...
Rough Markets Nov 20, 2018 Rapaport News
De Beers
De Beers Cuts Prices of Cheaper Rough
De Beers significantly reduced prices of lower-quality rough diamonds at this week’s sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The...
Rough Markets Nov 13, 2018 Joshua Freedman
De Beers Sightholder Boxes
Indian Demand Weak at $475M De Beers Sale
Manufacturers were concerned about profitability at last week’s De Beerssight, and expressed hope their new supply agreement with the miner would easethe situation.De Beers had proceeds of $475 million during the October sales...
Rough Markets Oct 17, 2018 Joshua Freedman
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
Rough diamond credit Shutterstock
Who Are the Top Rough Buyers?
In this excerpt from the latest issue of the Rapaport Research Report, we list the 124 companies buying from De Beers, Alrosa, Rio Tinto and Dominion. Much has been said about the journey a diamond...
Rough Markets Jul 26, 2018 Avi Krawitz
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
De Beers 150
De Beers Sells $575M Amid Strong Demand
De Beers recorded its largest monthly sales since January asshortages and strong sentiment supported the rough-diamond market in June.The miner sold $575 million worth of rough at last week’s sightand other sales events during...
Rough Markets Jun 27, 2018 Joshua Freedman
Leo Schachter
Rosy Blue to Buy Stake in Leo Schachter
Polished manufacturer Rosy Blue has agreed to acquire aminority share in Leo Schachter, as the diamond suppliers seek to make theiroperations more efficient. The deal will enable the firms to use each other’sinfrastructure around the...
Polished Markets Apr 17, 2018 Rapaport News
De Beers sightholder office 150
Rough Prices Firm at $555M De Beers Sight
Rough diamond trading was robust in February, with De Beers notching $555 million in sales during the month. Prices remained strong, fueling concern among sightholders that their profit margins were tightening.“We had a good...
Rough Markets Mar 06, 2018 Rapaport News
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us