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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
Gahcho Kué
Analysts Expect Flat Rough Prices in 2019
Rough-diamond prices will remain sluggish this year as themarket challenges that arose in the second half of last year are set to continue,two investment banks have warned.Prices are likely to drop 1% to 2% in the first half of2019,...
Rough Markets Mar 28, 2019 Rapaport News
Galaxy 2000 Sarine
Sarine Warns Polished Oversupply Will Hit Sales
Sarine Technologies’ revenue dropped significantly in thethird quarter as an oversupply of polished diamonds resulted in manufacturerslimiting production and spending less on equipment. Sarine, which supplies technologyto the diamond-manufacturing sector, estimated that revenues amounted to justover $11...
Technology Oct 17, 2017 Rapaport News
Sarine Image
Manufacturing Upturn Boosts Sarine Sales
Sarine Technologies, which supplies equipment to diamond manufacturers,saw sales increase in the first quarter, reflecting improved sentiment in the cutting and polishing sector.Group revenue for the period grew 5% year on year to $16.3million, the Israel-based...
Technology May 15, 2017 Rapaport News
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