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De Beers Rebrands Grading Unit
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The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. “[The rebranding] will make things clearer and simpler...
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Polished Markets
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Jun 25, 2019
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Rapaport News
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De Beers Can Do More, Botswana Group Says
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A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
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Mining
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Jun 18, 2019
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Rapaport News
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Alrosa to Sell Directly to Consumers
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Alrosa is launching a source-of-origin program that will enable dealers and consumers to buy polished diamonds with detailed provenance information.The Russian miner will create an “electronic passport” for each diamond on a new website, diamonds.alrosa.ru, presenting...
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Retail
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Jun 04, 2019
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Rapaport News
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Venus Jewel Exec to Join DFL Group
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Mahiar Borhanjoo is set to leave Venus Jewel Internationalto become CEO of the DFL Group, the company behind a new onlinepolished-diamond hub. Borhanjoo has been managing director of India-based Venus Jewel, aleading polished manufacturer and...
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Polished Markets
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Jun 02, 2019
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Rapaport News
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Podcast: Who’s Right – De Beers or the GIA?
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Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
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Polished Markets
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May 02, 2019
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Rapaport News
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De Beers Green-Lights Disclosure-Rule Changes
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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...
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Mining
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Jan 08, 2019
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Joshua Freedman
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De Beers Ready to Relax Its Provenance Rules
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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...
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Rough Markets
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Dec 13, 2018
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Joshua Freedman
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De Beers Sells $470M in Quiet November Sight
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De Beers recorded its smallest sight of the year in Novemberamid a seasonally quiet period for the rough diamond market after the Diwalifestival.The ninth sales cycle of 2016 totaled $470 million compared with$178 million a year...
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Mining
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Nov 15, 2016
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Rapaport News
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De Beers Announces 2017 Sight Dates
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De Beers released its sales timetable for 2017, maintainingits schedule of 10 sights a year. The company sells approximately 90 percent of its roughsupply through its global sightholder sales division and the remainder throughits auction platform....
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Mining
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Nov 07, 2016
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Rapaport News
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De Beers Sets Dates for 2016 Sights
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DeBeers has announced the dates of its sights in 2016:Sight1: Monday January 18 – Friday January 22Sight 2: Monday February 22 – Friday February 26Sight 3: Monday April 4 – Friday April 8Sight 4: Monday May 16 – Friday May 20Sight 5: Monday June...
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Rough Markets
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Nov 23, 2015
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Rapaport News
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De Beers October Sight Estimated at $460M
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De Beers October sight closed with an estimated value of $460 million. The company reportedly lowered prices for several different categories of goods between 2 percent and 4 percent. Sightholders noted that De Beers also shifted the...
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Rough Markets
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Oct 14, 2014
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Ronen Shnidman
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Rough Forward Contracts
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The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market. The announcement comes 11 months since Anglo American became the 85 percent majority owner of De Beers...
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Rough Markets
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Jul 12, 2013
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Avi Krawitz
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De Beers, Rio Tinto Update Their 2013 Client Lists
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De Beers and Rio Tinto have updated their client lists for the current year on their respective websites. De Beers announced in March that it added five companies to its list of sightholders for the contract...
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Rough Markets
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Apr 04, 2013
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Avi Krawitz, Deena Taylor
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Rosy Blue Renews ALROSA Rough Supply Contract
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Rosy Blue signed a new long-term rough diamond supply deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
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Rough Markets
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Dec 19, 2012
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Dilipp S Nag
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Shrenuj's 2Q Sales +7%, Profit -2%
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Shrenuj & Co. Ltd. reported that group sales rose 7 percent year on year to $151.5 million (INR 8.24 billion) during the second fiscal quarter that ended on September 30, 2012. Profit, however, declined...
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Polished Markets
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Nov 12, 2012
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Dilipp S Nag
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De Beers Group Realigns Corporate Identity
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The following letter to De Beers Group sightholders identifies immediate branding changes and signals the group's future strategy. Dear Sightholder,For an industry that historically evolved slowly, the past several years have seen unprecedented...
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Rough Markets
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Oct 03, 2012
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De Beers
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De Beers Maintains Low Diamond Supply
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De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier. “We will have shortfalls for the rest of the intention to offer...
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Rough Markets
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Sep 20, 2012
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Avi Krawitz
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Certified Diamond Prices Relatively Stable in August
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PRESS RELEASE, September 4, 2012, New York: Certified polished diamond prices were relatively stable in August, easing the steep declines witnessed in previous months. Dealers have sensed a restrained improvement in demand from Far East...
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Polished Markets
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Sep 04, 2012
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Rapaport
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Botswana's Diamond Exports -61% in July
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Botswana’s diamond exports fell 61 percent year on year to $260.4 million in July 2012, according to data released by the Bank of Botswana. During the first seven months of the year, the country’s diamond exports...
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Rough Markets
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Sep 02, 2012
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Avi Krawitz
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De Beers Cuts Prices by an Average of 8%
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De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading Company (DTC) sight this week. The sight had an estimated value of about $580 million and no goods were left on the table....
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Rough Markets
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Aug 29, 2012
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Avi Krawitz
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