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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
Okavango
Okavango Revenue Falls in First Half
Sales at Okavango Diamond Company (ODC) dropped 16% to $260 millionin the first half of 2018 due to a limited supply of rough, Reuters reported. Sales volume declined 1.7% to 1.8 million carats, theBotswana-based trading company added...
Rough Markets Aug 21, 2018 Rapaport News
Cutting Wheel
Diamond Midstream Improving Efficiency, Says Bain
Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
Manufacturing Dec 13, 2017 Rapaport News
Sarine Image
Manufacturing Upturn Boosts Sarine Sales
Sarine Technologies, which supplies equipment to diamond manufacturers,saw sales increase in the first quarter, reflecting improved sentiment in the cutting and polishing sector.Group revenue for the period grew 5% year on year to $16.3million, the Israel-based...
Technology May 15, 2017 Rapaport News
Rough Diamonds
Bain Warns of Looming Rough Bubble
Strong growth in rough diamond sales this year may lead to arepeat of last year’s damaging inventory pile-up if consumer demand does notimprove, Bain & Company warned.Rough sales grew 20 percent in the first half of this...
Rough Markets Dec 06, 2016 Rapaport News
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