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De Beers sightholder office 150
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
Rough diamonds
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
De Beers sight box
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 sorting
De Beers Lets Clients Delay Rough Purchases
De Beers loosened its purchasing requirements for roughbuyers at last week’s sight in an effort to ease the oversupply affecting the diamond market.Sightholders have struggled to reduce their inventories due to an imbalance of stocks and weak polished demand....
Mining Jul 28, 2019 Joshua Freedman
DTC Botswana sorting
De Beers Sales Slump 25% in May
De Beers’ sales fell to their lowest level in more than ayear and a half, as a slowdown in the Indian manufacturing sector hit roughdemand. Revenue dropped 25% to $415 million for the fourth salescycle of the year, which...
Rough Markets May 21, 2019 Joshua Freedman
Debswana Jwaneng
De Beers Sales Jump 10% in April
De Beers recorded its largest rough-diamond sale sincemid-2018 as demand was steady following a slow first quarter. Sales rose 10% year on year to $575 million in the thirdsales cycle of the year, including last week’s sight...
Rough Markets Apr 10, 2019 Rapaport News
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
De Beers for the NewsBrief
De Beers Sales Slump Amid Market Weakness
De Beers’ rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold...
Rough Markets Jan 29, 2019 Joshua Freedman
De Beers sight 150
De Beers Sales Rise After Diwali Break
De Beers sold $540 million of rough diamonds in its Decembercycle, buoyed by the return of Indian manufacturers from their seasonal holidayshutdown, the company said Tuesday. Revenue from the 10th cycle, including last week’s sight...
Mining Dec 18, 2018 Rapaport News
De Beers
De Beers Sales Slip to $440M
De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing...
Rough Markets Nov 20, 2018 Rapaport News
De Beers
De Beers Cuts Prices of Cheaper Rough
De Beers significantly reduced prices of lower-quality rough diamonds at this week’s sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The...
Rough Markets Nov 13, 2018 Joshua Freedman
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
Angola 150
Angola to Curb Sodiam’s Control of Rough Sales
Angola plans to allow miners to sell up to 60% of roughdiamonds to companies of their choice, including to their own tradingdivisions, Reuters reported last week. The changes are part of the country’s reforms to its diamondsector under President João...
Rough Markets Jul 02, 2018 Rapaport News
De Beers rough
De Beers Raises Rough Prices Again
De Beers sold $550 million worth of goods at its May salescycle as strong consumer demand boosted the rough-diamond market.The miner raised prices for the third consecutive sight amidthe strong demand, with the emphasis...
Rough Markets May 22, 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 150 121217
Rough Demand Stable at $450M De Beers Sight
De Beers reported steady demand for rough diamonds at itsDecember sight as sales showed an increase over the equivalent period lastyear. The miner sold $450 million worth of rough in its finalsales cycle of the year, including...
Mining Dec 12, 2017 Rapaport News
De Beers DTC sight boxes
De Beers, Alrosa Announce 2018 Sale Schedules
De Beers and Alrosa have released dates of theirrough-diamond sales for 2018, with both miners maintaining their usualschedules. De Beers holds 10 sales, or sights, in Botswana every year,in which it sells about 90% of its rough supply...
Mining Nov 19, 2017 Rapaport News
De Beers Victor Mine
Rough Trade Cautious at $455M De Beers Sale
Dealers reported a difficult but stable rough market as DeBeers’ November sight closed with a value of $455 million — 4% lower than thesame period a year ago.The rough market improved slightly from the October sight,which was...
Rough Markets Nov 14, 2017 Joshua Freedman
Alrosa Mir mine
Alrosa Moving to Annual Rough Allocations
Alrosa will start assessing its clients’rough-diamond needs annually rather than every three years, beginning in its next contract period — a move that will give the Russianminer more opportunity to match supply with demand.At...
Mining Nov 06, 2017 Rapaport News
De Beers Victor Mine
De Beers’ $370M Sight Reflects Slow Rough Market
De Beers’ October sight closed with a value of $370 millionas rough-diamond buying slowed due to holidays and sightholders reported asluggish dealer market.Proceeds from the miner’s eighth sales cycle fell 27% from$507 million in the...
Mining Oct 17, 2017 Joshua Freedman
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