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Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Aug 11, 2020 Rapaport News
Alrosa yellow diamond 150
Alrosa Finds Russia’s Largest Colored Diamond
Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old,...
Mining Aug 10, 2020 Rapaport News
Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
Rough Markets Aug 06, 2020 Joshua Freedman
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
De Beers Rough
Reduced Diamond Supply Lifts Polished Prices
RAPAPORT PRESS RELEASE, August 4, 2020, Las Vegas… Polished diamond prices firmed in July due to supply shortages for select categories. Sentiment remained weak and trading levels low amid new Covid-19 restrictions.The RapNet...
Polished Markets Aug 04, 2020 Rapaport
Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
Rough Markets Aug 02, 2020 Rapaport News
De Beers rough and polished diamonds.
De Beers to Hold Viewings in Antwerp and Dubai
De Beers will allow clients to view goods in Antwerp and Dubai at next week’s sight, with both the company and its Russian rival Alrosa maintaining their policies of enabling 100% deferrals.The two largest miners...
Rough Markets Jul 23, 2020 Joshua Freedman
Alrosa
Alrosa to Begin Exploration in Zimbabwe
Alrosa will spend $12 million over the next two years prospecting and developing several diamond deposits in Zimbabwe.The government has allowed the Russian miner to begin exploration through Alrosa Zim, a joint venture...
Mining Jul 22, 2020 Rapaport News
Alrosa
Alrosa Streamlines Mirny Mining Division
Alrosa has embarked on a restructuring at its Mirny mining division that will allow it to reduce operating costs while limiting job losses.The Russian miner has merged the processing-plant team with several other units, thereby...
Mining Jul 20, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Sees Weakest Performance in Years
Alrosa’s sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented weak demand for rough diamonds during the coronavirus crisis.Rough sales fell 91% year on year to $74.1...
Mining Jul 16, 2020 Rapaport News
Alrosa
Anna Hu Jewels Sell at Christie’s Charity Auction
Christie’s garnered $338,781 from an online charity auction of Anna Hu jewels that will help support the families of health-care workers who lost their lives fighting Covid-19.The sale, which benefited Alrosa’s new social-responsibility initiative,...
Polished Markets Jul 15, 2020 Rapaport News
Anton Siluanov
Alrosa Reelects Finance Minister as Chairman
Alrosa’s supervisory board has reelected Russian Finance Minister Anton Siluanov as its chairman. He has held the position since 2015.Members of the board also reelected Aysen Nikolaev, head of the Republic of Yakutia, as first deputy...
Mining Jul 14, 2020 Rapaport News
Nyurbinskaya
Alrosa Monthly Sales Plummet Again
Alrosa’s diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations.“For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including...
Rough Markets Jul 12, 2020 Rapaport News
Rough diamonds Alrosa.
Alrosa Delays July Sale to Later in Month
Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
Rough Markets Jul 09, 2020 Rapaport News
Diamonds Do Good
Industry Leaders to Offer Insights in Virtual Session
Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
Polished Markets Jul 08, 2020 Rapaport News
Diamond in Loupe
Diamond Price Index Firms Amid Slow Trade
RAPAPORT PRESS RELEASE, July 7, 2020, Las Vegas… The global diamond market was uncertain in June due to the resurgence of Covid-19 and geopolitical tensions. Polished prices firmed for select goods. The RapNet Diamond...
Polished Markets Jul 07, 2020 Rapaport
Christie's
29ct. Diamond Sets Online Record at Christie’s
Christie’s brought in more than $4 million at its latest digital sale, with a 29-carat diamond earning the highest online price ever for a jewel.The emerald-cut, 28.86-carat, D-color, VVS1-clarity, type IIa diamond ring garnered $2.1...
Polished Markets Jul 01, 2020 Rapaport News
Alrosa International Mine 150
Alrosa Mine Restarts Following Virus Closure
Alrosa has resumed operations at its International underground mine following a brief suspension after several employees tested positive for Covid-19.Management at the Russian miner’s Mirny mining and processing division, which oversees the site,...
Mining Jun 30, 2020 Rapaport News
Alrosa rough diamonds
Buyers Snub De Beers and Alrosa over High Prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
Rough Markets Jun 29, 2020 Joshua Freedman
Alrosa Inter International mine
Virus Cases Force Shutdown at Alrosa Mine
Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees tested positive for coronavirus.The Russian miner will only carry out work to ensure the safety and maintenance...
Mining Jun 25, 2020 Rapaport News
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