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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
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
Alrosa Lomonosov deposit
Alrosa to Hold Back Supply in 2019
Alrosa plans to keep its rough-diamond sales in line withproduction in 2019 to avoid flooding the market with excess supply.The Russian miner will sell 38 million to 39 million caratsnext year, despite having more goods available in its...
Mining Dec 23, 2018 Leah Meirovich
Alrosa 600
Steady Rough Market Boosts Alrosa Sales
Alrosa’s sales climbed 16% year on year to $339.1 million inJuly as rough demand remained strong despite the summer lull, the miner saidFriday. “Compared to last year, demand for rough diamonds remainsmore balanced — almost...
Mining Aug 12, 2018 Rapaport News
De Beers Victor Mine
Rough Trade Cautious at $455M De Beers Sale
Dealers reported a difficult but stable rough market as DeBeers’ November sight closed with a value of $455 million — 4% lower than thesame period a year ago.The rough market improved slightly from the October sight,which was...
Rough Markets Nov 14, 2017 Joshua Freedman
Ekati
Fire Drags Dominion to Operating Loss
Dominion Diamond Corporation reported somber thirdfiscal quarter results as a fire at its Ekati mine in Canada led to $22.4 million in fixed or standby costs of running the mine.Sales slumped 29 percent to $102.7 million in the threemonths that ended...
Mining Dec 12, 2016 Rapaport News
zharkov
ALROSA Turns a Profit in 3Q
ALROSA swung to a profit in the third quarter driven bysignificantly higher rough diamond demand from last year.Total revenue from diamond sales climbed 83 percent to $982.2million (RUB 63.02 billion), boosted by a 91 percent rise in revenue to Belgiumand...
Mining Nov 21, 2016 Rapaport News
alrosa
ALROSA’s Monthly Rough Sales Rise to $435M
ALROSA’s rough diamond sales increased to $435 million inSeptember amid stronger demand and mirroring results from rival miner De Beers.Polished sales stood at $18.9 million, taking group sales to$454 million, the Russia-based company...
Mining Oct 06, 2016 Rapaport News
zharkov
ALROSA Sales Lifted by Improved Rough Market
ALROSA’s revenue and profit soared in the first half, boosted by stronger global rough demand and an 11 percent weakening of the Russian ruble.Sales in the six months to June 30 leapt 42 percent to $2.87 billion (RUB 186.67 billion),...
Mining Aug 29, 2016 Rapaport News
De Beers Logo
De Beers February Sales Rise to $610M
De Beers reported rough diamond sales increased to $610million in the second cycle of 2016 as demand continued to show signs ofimprovement. Sales in the first cycle in January were revised to $545 million. The sales figure includesthe sight...
Rough Markets Mar 01, 2016 Rapaport News
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