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BlueRock
BlueRock Counts Cost of Coronavirus
The coronavirus cost BlueRock Diamonds GBP 550,000 ($690,000) as sales slumped and the closure of its Kareevlei mine added to its expenses, the company reported Monday.The amount includes an estimated GBP 100,000 ($125,000) of lost...
Mining Jun 24, 2020 Rapaport News
petra mine 150
Petra Mulls June Tender After Rough-Price Slump
Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May sale.Prices fell 27% in March and April compared with February as the Covid-19 pandemic reduced business activity...
Mining May 31, 2020 Rapaport News
Ernie Blom
Ernie Blom Wins Legal Case Against WFDB
An Antwerp court has prohibited the World Federation of Diamond Bourses (WFDB) from publicly blacklisting former president Ernie Blom over a payment dispute in Dubai.Blom had sought an injunction to prevent the organization from complying with...
Financial-Legal May 17, 2020 Rapaport News
Rami Baron and Mashudu Lazarus Sithole
Young Diamantaires Moving Beyond Infancy
The Young Diamantaires group is planning to become a more structured organization, with regional chapters and an online networking platform for registered members, its founder told Rapaport News. The initiative of the World Federation of Diamond...
Polished Markets May 10, 2020 Joshua Freedman
De Beers Podcast
Podcast: How the Pandemic Is Changing De Beers
The diamond industry will need to tweak its messaging to emphasize the values its product and brands represent, De Beers executives stressed in the Rapaport Diamond Podcast. Rapaport Senior Analyst Avi Krawitz spoke with...
Marketing Apr 27, 2020 Rapaport News
De Beers Donation
De Beers Bolsters Coronavirus Aid Package
De Beers and its parent company Anglo American have contributed an additional $3 million in aid to help mitigate the economic impact of COVID-19.The donation, announced Monday, will be split between two emergency finance bodies in South Africa,...
Mining Apr 21, 2020 Rapaport News
De Beers Jwaneng mine
De Beers Pauses Botswana Mining
De Beers’ mining operations in Botswana have been on hold for more than two weeks amid a national lockdown, the company told Rapaport News.Debswana, the company’s joint venture with the government, paused activities on April...
Mining Apr 19, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
Rough Markets Mar 30, 2020 Rapaport News
Petra Cullinan mine plant
Rough Prices Slide 24% at Petra Tender
Rough prices slumped at Petra Diamonds’ March tenders in South Africa and Antwerp as the severe slowdown in the market virtually wiped out demand.Goods from Petra’s South Africa mines sold for 24% less than...
Mining Mar 29, 2020 Rapaport News
Venetia mine
De Beers Cuts Venetia Workforce During Lockdown
De Beers will reduce its worker head count at its sole diamond mine in South Africa by around 75% in response to the country’s measures to curb the spread of the coronavirus, parent company Anglo American said Friday.The...
Mining Mar 29, 2020 Rapaport News
Petra Finsch mine
South Africa, Lesotho Mines Set for Shutdown
Petra Diamonds, Gem Diamonds, Firestone Diamonds and Lucapa Diamond Company are suspending operations at their mines in South Africa and Lesotho due to government measures to curb the spread of the coronavirus.South Africa has introduced...
Mining Mar 25, 2020 Rapaport News
Stargems rough tender Dubai 2018
Stargems, A.A. Rachminov Embark on Joint Venture
Stargems, a specialist in sourcing rough diamonds, has partnered with distributor A.A. Rachminov on a manufacturing and marketing program for South African diamonds.The companies will jointly procure and cut the goods, using Stargems’ sourcing...
Polished Markets Mar 12, 2020 Rapaport News
De Beers
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
Podcast
Podcast: Young Diamantaires Explore South Africa
The Rapaport Diamond Podcast interviews Rami Baron, founder of the Young Diamantaires group and leader of a trip to De Beers’ Venetia mine in South Africa.In this episode, Baron speaks to Rapaport senior news reporter Joshua Freedman,...
Polished Markets Sep 15, 2019 Rapaport News
Young Diamantaires South Africa Venetine mine visi
Nurturing the Next Generation of Diamantaires
If anyone in the industry wanted to know how to transform a diamondbusiness and safeguard its future, they might do well to speak to the 25members of the Young Diamantaires group who went on last week’s mission toSouth Africa.The delegates...
Mining Sep 12, 2019 Joshua Freedman
de beers rough diamonds 090219 150
South Africa Urges Diamond-Sector Change
The South African government is calling for change in thediamond industry after expressing concern about the slow pace of localbeneficiation. The Portfolio Committee on Mineral Resources and Energy hasappointed a regulator to monitor the transformation after...
Rough Markets Sep 02, 2019 Rapaport News
Large Canadian rough diamond in palm of hand, GSS
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
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 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
Petra Diamonds
Petra Unearths 101ct. Rough at Cullinan
Petra Diamonds recovered two gem-quality rough stones fromits Cullinan mine in South Africa Friday. The 100.83-carat, D-color, type IIstone and another 6.12-carat, blue, type II diamond will be included in the company’supcoming tender later...
Mining Mar 10, 2019 Rapaport News
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