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Bruce Cleaver
Don’t Ban Rough Buying, De Beers Urges
De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company won’t require them to buy in the weak market.“We will only sell [rough] when the demand is such...
Rough Markets May 03, 2020 Rapaport News
Rough diamond in Kimberlite
De Beers Offers 100% Deferrals at May Sight
De Beers is allowing rough-diamond customers to skip all purchases at next week’s sight, as shutdowns of manufacturing and retail markets have led to minimal demand.The sight will be the second consecutive sale at which the miner has allowed...
Rough Markets Apr 30, 2020 Joshua Freedman
Alrosa diamond sorting
Alrosa to Maintain Supply Flexibility
Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
Rough Markets Mar 08, 2020 Rapaport News
DTC Botswana
De Beers Reveals Overhaul of Sight System
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.Manufacturers, dealers and retailers will sign specific supply contracts designed...
Rough Markets Mar 01, 2020 Joshua Freedman
De Beers sightholder examining rough
De Beers Lets Sightholders Defer Chinese Goods
De Beers has allowed clients to forgo buying certain rough diamonds at this week’s sight, as the coronavirus outbreak has raised concerns about a polished glut.The miner has let sightholders defer purchases of goods that produce...
Rough Markets Feb 26, 2020 Joshua Freedman
Lucara Tender Beats Expectations
Lucara Diamond Corp. achieved higher sales than itexpected at its final tender of the year as market stabilization drove anincrease in rough prices.The owner of the Karowe mine in Botswana brought in $52.9million, 16% above its prediction,...
Mining Dec 19, 2019 Rapaport News
De Beers Lowers 2020 Production Forecast
De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
Mining Dec 11, 2019 Rapaport News
Petra 20.08ct blue
Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender in Johannesburg next month, with analysts predicting the rough couldattract $15 million.The miner recovered the type IIb, “exceptional” gem-qualitystone at its Cullinan deposit...
Rough Markets Oct 07, 2019 Rapaport News
Alrosa Revenue Slumps in February
Sales at Alrosa fell 36% year on year to $345.6 millionin February as a slowdown in the rough market continued. Rough-diamond sales dropped 36% to $340.6 millionfor the month, according to Rapaport calculations based on Alrosa reports.Polished revenues slid...
Rough Markets Mar 07, 2019 Rapaport News
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 sorter 140
Rough Market Upbeat at $665M De Beers Sight
Rough-diamond demand was strong at De Beers’ January sight, as manufacturers plan to increase their production in anticipation of post-holiday orders from retailers.The mining company reported proceeds of $665 million in its firstsales cycle of the year, which included...
Rough Markets Jan 31, 2018 Rapaport News
De Beers Orapa mine
Rough Market Cools Despite $572M De Beers Sight
The rough-diamond market slowed during last week’s De BeersJuly sight, with prices on the secondary market decreasing.De Beers sold $572 million of rough in the sixth sales cycle,an increase of 6% from the previous sight and...
Mining Aug 02, 2017 Joshua Freedman
blue diamond
Petra Diamonds Sees Steady Rough Demand
Petra Diamonds’ sales slipped 1% in the third fiscal quarteramid a stable rough market, the miner reported.The company’s sales declined to $119.1 million during thethree months that ended March 31, it said Monday, adding that...
Mining Apr 24, 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
De Beers Diamond Sorting
Rough Market Wakes Up at Large De Beers Sight
De Beers rough-diamond sales jumped 32 percent year on year to $720million during its first sales cycle of 2017 as manufacturers restockedfollowing the holiday season.January is a seasonally busy month for the rough sector astraders and manufacturers return...
Rough Markets Jan 24, 2017 Rapaport News
Sarin Galaxy XL
Sarine Profit Signals Manufacturing Recovery
Sarine Technologies said third-quarter sales bounced back from a year ago, reflecting animprovement across the industry.Revenue jumped 82 percent to $17.3 million in the threemonths that ended September 30, driving the company to a $4 million profitversus...
Technology Nov 27, 2016 Rapaport News
Rapaport Logo
Martin Rapaport Statement: The Right Way Forward
DeBeers is moving forward in the right direction by reducing rough pricessufficiently to enable increased sales of rough diamonds and a resumption ofdiamond manufacturing activity. This is evidenced by an increase in De Beersrough diamond sales by 118% from $248 million in the...
Rough Markets Jan 28, 2016 Martin Rapaport
Rockwell Diamonds
Rapaport's Top 10 Stories of 2015
Two separate alerts about recall and invalidation of GIAgrading reports; Rapaport Group Chairman Martin Rapaport calling for theresignation of De Beers chief executive officer; and the state of the roughdiamond market dominated the top...
Polished Markets Jan 05, 2016 Rapaport News
Belgium's June Polished Exports +2%, Rough Imports -18%
Belgium's polished diamond exports grew 2 percent year on year to $1.386 billion in June, according to the Antwerp World Diamond Centre. By volume, polished exports were flat at 557,665 carats. Polished imports declined 7 percent to $1.399 billion,...
Polished Markets Jul 14, 2015 Ronen Shnidman
De Beers Diamond Sorting
De Beers June Sight Estimated at $550M
The De Beers June sight closed with an estimated value of $550 million. Diamond prices were reportedly stable at the sight, while sightholders noted a slight increase in the box price of larger goods. Some added that...
Rough Markets Jun 17, 2015 Ronen Shnidman
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