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De Beers and Alrosa Raise Rough Prices
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The two largest diamond miners increased prices at this week’s rough sales as demand improved due to post-holiday restocking and strong trading ahead of the Chinese New Year.De Beers raised prices by an average of 4% to 5% at its first...
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Rough Markets
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Jan 18, 2021
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Joshua Freedman
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De Beers Cuts Clients, Keeps More Goods in Africa
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De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers...
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Rough Markets
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Jan 17, 2021
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Joshua Freedman
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Alrosa December Sales Highest Since 2018
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Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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Alrosa Receives Option to Sell to Gokhran
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Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the...
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Rough Markets
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Jan 13, 2021
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Joshua Freedman
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Lucapa Sells Mothae Rough for $5.6M
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Lucapa Diamond Company has sold $5.6 million worth of rough to manufacturer Safdico via a partnership the two companies formed last year.The Graff subsidiary bought 4,676 carats of diamonds from the Mothae deposit in Lesotho...
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Mining
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Jan 11, 2021
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Rapaport News
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Top Miners Release Dates of 2021 Rough Sales
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De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.De Beers will continue its format of holding 10 sights...
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Rough Markets
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Dec 28, 2020
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Rapaport News
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De Beers Sales Increase Again
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De Beers’ rough sales rose in December, albeit at a slower rate than in previous months, as steady retail demand ahead of the holidays supported trading at the rough and polished levels.The final sales cycle of the year brought...
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Rough Markets
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Dec 17, 2020
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Rapaport News
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Grib Rough Prices Rise 5%
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Grib Diamonds registered sales of $35 million at its final tender of the year as rough prices rose amid robust demand for larger goods.Prices at the December 11 sale increased around 5% compared with the company’s previous...
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Rough Markets
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Dec 16, 2020
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Rapaport News
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Alrosa Sales Continue to Grow
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Alrosa’s diamond sales rose in November to their highest level since January as customers continued to replenish their rough inventories ahead of the holidays.Revenue from rough and polished goods jumped 36% year on year to $390.5 million,...
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Rough Markets
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Dec 10, 2020
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Rapaport News
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India, Angola Eye Closer Trade Ties
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Diamond-industry leaders in India and Angola are discussing ways of deepening their trade relations as the African country seeks export destinations for its expanding rough production.Representatives from both nations held a virtual meeting last...
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Mining
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Dec 06, 2020
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Rapaport News
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De Beers Sees Third Consecutive Sales Increase
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De Beers’ November sales cycle garnered $450 million as retail demand in the US and China supported manufacturers’ appetite for rough, the company reported Wednesday.The monthly total, covering the period from November 2 to 16, was...
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Rough Markets
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Nov 18, 2020
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Rapaport News
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Belgium Polished Trade Slips in October
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Belgium’s polished-diamond exports fell 6% year on year to $629 million in October as lower shipments to Hong Kong and France outweighed a rise in orders from the US. However, unusually high-value exports to France in October 2019 skewed the...
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Polished Markets
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Nov 16, 2020
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Rapaport News
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Alrosa Gives Cautious 2021 Production Outlook
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Alrosa expects to maintain production at its current low levels next year, aiming to reduce inventories that built up during the pandemic.The Russian miner is discussing a production plan of 28 million to 30 million carats for 2021, which the...
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Mining
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Nov 12, 2020
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Joshua Freedman
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Alrosa Sales Continue Upward Trend
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Alrosa’s sales exceeded 2019 levels for the third consecutive month in October as the diamond market improved ahead of the holidays.The Russian miner saw sales of $310 million for the month, it said Tuesday — 17%...
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Rough Markets
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Nov 10, 2020
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Rapaport News
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Rough Demand Jumps at Mountain Province Sale
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Mountain Province recorded its largest open-market sale to date as rough-diamond demand returned ahead of the holiday season.The miner sold 559,528 carats for $34.3 million at last month’s tender in Antwerp, averaging $61 per carat,...
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Rough Markets
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Nov 03, 2020
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Rapaport News
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De Beers Lets Sightholders Defer Smaller Goods
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De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
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Rough Markets
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Nov 02, 2020
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Joshua Freedman
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Dominion Seeks Rescue Deal to Avoid Liquidation
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Dominion Diamond Mines may have to enter liquidation if it fails to find a buyer or investor, chairman Brendan Bell warned in a court filing last week.The company has been seeking restructuring options after its planned sale of the...
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Mining
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Oct 28, 2020
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Rapaport News
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De Beers Delays New Sightholder Contract
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De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
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Rough Markets
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Oct 26, 2020
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Joshua Freedman
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Alrosa Extends Supply Contract to March 2021
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Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday.The current market environment has made it hard...
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Rough Markets
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Oct 25, 2020
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Rapaport News
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Alrosa Upbeat as Diamond Sentiment Improves
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Alrosa gave a positive assessment of the diamond market ahead of the holidays after rough and polished trading picked up in the third quarter.The Russian company’s rough-diamond sales climbed to $552.9 million during the three months...
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Mining
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Oct 18, 2020
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Rapaport News
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