|
|
|
De Beers Reduces Prices at November Sight
|
|
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond sale, but noted that further discounts werenecessary to improve profits in the manufacturing sector. The company reduced prices of higher-end goods by 5% to7% at this week’s...
|
|
|
Rough Markets
|
Nov 06, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Slashes Output Amid Diamond Glut
|
|
DeBeers’ production dropped in the third quarter as the miner responded to a declinein rough demand that has left it with an inflated stockpile of diamonds. Outputfell 14% to 7.4 million carats for the period amid planned mine...
|
|
|
Mining
|
Oct 22, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Down as Cutters Reduce Stock
|
|
Alrosa’s sales fellin the third quarter amid a drop in the average price as the miner sold alarger proportion of small stones, it reported Thursday.Sales decreased 37% to $611 million for the three months ending September...
|
|
|
Mining
|
Oct 22, 2019
|
Rapaport News
|
|
|
|
|
|
Rio Tinto Output Falls Amid Lower Grades
|
|
Lower mining grades and reduced ore availability contributedto a drop in Rio Tinto’s third-quarter diamond production, the company reportedWednesday. Output at its wholly owned Argyle mine in Australiafell 7% year on year, yielding 3.6 million carats...
|
|
|
Mining
|
Oct 17, 2019
|
Rapaport News
|
|
|
|
|
|
Lucapa Tender Yields $10M
|
|
Lucapa Diamond Company earned $10.4 million fromits latest sale of rough stones, bringing its total for the year to date to$45.9 million. The miner sold 5,469 carats from its Lulo mine inAngola...
|
|
|
Mining
|
Oct 16, 2019
|
Rapaport News
|
|
|
|
|
|
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
|
|
|
|
|
|
De Beers Sales Drop in Slow Rough Market
|
|
De Beers’ sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the...
|
|
|
Rough Markets
|
Oct 03, 2019
|
Joshua Freedman
|
|
|
|
|
|
GIA Exposes Rough Diamond with Fake Green Color
|
|
Manufacturers coated a rough diamond with a green substanceto imitate a natural color, the Gemological Institute of America (GIA) saidafter the stone turned up for grading.The presence of chromium oxide powder on the surface ofthe 6.49-carat crystal...
|
|
|
Rough Markets
|
Aug 19, 2019
|
Rapaport News
|
|
|
|
|
|
De Beers Lets Clients Reject 50% of Goods
|
|
De Beers will allow sightholders to refuse more rough diamonds than usual at thisweek’s sight, aiming to ease pressure on the market without reducing prices. Clients will be free to turn down 50% of available goods amid a slump...
|
|
|
Rough Markets
|
Aug 18, 2019
|
Joshua Freedman
|
|
|
|
|
|
Who’s Buying the Rough in 2019?
|
|
The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector’s current problems have resulted from too much rough entering the market...
|
|
|
Rough Markets
|
Aug 11, 2019
|
Joshua Freedman
|
|
|
|
|
|
India’s Polished Exports Hit Three-Year Low
|
|
India’s polished-diamond exports slid 13% in the first six monthsof the year, reaching their lowest level since a market slump in the secondhalf of 2015. The drop reflected a slowdown in the trading and manufacturingsectors, resulting...
|
|
|
Polished Markets
|
Aug 04, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Nets Fish-Shaped Diamond
|
|
Alrosa’s knack for recovering unusually shaped diamonds hasscaled new heights with the discovery of a rough stone resembling a fish.“In the photo, you see a very rare specimen: a rough-diamondcrystal which pretends to be a fish,” the Russian...
|
|
|
Mining
|
Aug 01, 2019
|
Rapaport News
|
|
|
|
|
|
De Beers Sales Sink to Lowest Level Since 2015
|
|
De Beers’ rough-diamond sales plummeted 53% this month ascustomers accepted the miner’s offer to defer purchases until the marketimproves.Weak polished demand and excess supply in the manufacturingand trading sectors have hurt sightholders’ appetite...
|
|
|
Mining
|
Jul 30, 2019
|
Joshua Freedman
|
|
|
|
|
|
De Beers Profit Falls Amid Market Slump
|
|
De Beers’ profit dropped in the first half of the year asweak demand at the trade and consumer levels impacted diamond prices, thecompany said Thursday. The rough market was subdued due to high inventories inboth...
|
|
|
Mining
|
Jul 25, 2019
|
Rapaport News
|
|
|
|
|
|
Diamond Glut Prompts De Beers to Slash Production
|
|
De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due...
|
|
|
Mining
|
Jul 18, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Falls Victim to Changing Retail Practices
|
|
Retailers’ attempts to maintain low diamond inventories are hurtingdemand across the trade, Alrosa warned after reporting its lowest quarterlysales since 2015. The Russian miner’s sales slumped 26% to $807 million in thesecond quarter...
|
|
|
Mining
|
Jul 18, 2019
|
Rapaport News
|
|
|
|
|
|
India Differentiates Synthetics Imports
|
|
India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
|
|
|
Financial-Legal
|
Jul 14, 2019
|
Joshua Freedman
|
|
|
|
|
|
Stornoway Prices Continue to Fall
|
|
Rough prices slumped for Stornoway Diamond Corporation inthe second quarter, as market weakness dented demand for the miner’s range ofgoods. The average price of the company’s sales slid 18% to $76 percarat in the...
|
|
|
Mining
|
Jul 11, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Fall Amid Diamond Oversupply
|
|
Alrosa’s sales continued to slump in June, closing off afirst half that saw a heavy drop in demand for its rough. The Russian miner’s total sales slid 43% to $222.4million for the month, it reported Wednesday....
|
|
|
Mining
|
Jul 10, 2019
|
Rapaport News
|
|
|
|
|
|
Rough Trading Slowed in 2018
|
|
Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million...
|
|
|
Rough Markets
|
Jul 09, 2019
|
Rapaport News
|
|
|
