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Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
Rough Markets Aug 02, 2020 Rapaport News
The new Cullinan plan
Petra Revenue Falls to Nine-Year Low
Petra Diamonds’ full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough...
Mining Jul 26, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Sees Weakest Performance in Years
Alrosa’s sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented weak demand for rough diamonds during the coronavirus crisis.Rough sales fell 91% year on year to $74.1...
Mining Jul 16, 2020 Rapaport News
De Beers.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the pipeline and forced shutdowns at several mines.“Demand for rough diamonds was significantly impacted by a combination of Covid-19 restrictions...
Mining Jul 16, 2020 Rapaport News
Nyurbinskaya
Alrosa Monthly Sales Plummet Again
Alrosa’s diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations.“For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including...
Rough Markets Jul 12, 2020 Rapaport News
Rough diamonds Alrosa.
Alrosa Delays July Sale to Later in Month
Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
Rough Markets Jul 09, 2020 Rapaport News
Grib Diamonds
Rough Prices Climb at Grib Auction in Antwerp
Grib Diamonds noted a modest increase in rough prices versus pre-lockdown levels as demand returned following a two-month pause in sales.The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, brought in just over...
Rough Markets Jun 18, 2020 Rapaport News
Gem Diamonds Letseng
Gem Diamonds Notes Solid Rough Demand
Gem Diamonds reported a rise in the average selling price for the first half of 2020, noting that appetite for its goods had improved at a recent tender in Antwerp.“The results of the latest tender for Letšeng’s...
Rough Markets Jun 18, 2020 Rapaport News
Rough diamonds in a loupe
De Beers Sight Opens with Viewings in Antwerp
De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong...
Rough Markets Jun 17, 2020 Joshua Freedman
Rough diamonds.
Rough Sales to Decline Up to 40% This Year
Rough-diamond sales will drop by 30% to 40% this year as Covid-19 restrictions have shut down the global supply chain, Moody’s Investors Service projected.The market won’t recover until the second half when social-distancing...
Rough Markets Jun 07, 2020 Rapaport News
Alrosa Rough Diamonds
Alrosa Sees Demand for Rough at Digital Sale
Alrosa sold 102 large rough diamonds at its latest digital tender, noting that there was still demand for its goods despite the coronavirus crisis.“The results of the digital tender’s first round show...
Rough Markets Jun 03, 2020 Rapaport News
De Beers sorting GSS
De Beers Offering Sight Goods Outside Botswana
De Beers will hold viewings of sight goods in locations other than Botswana, enabling customers to access the company’s rough amid travel restrictions.The miner will introduce the provision in “relevant diamond centers” for the upcoming...
Rough Markets Jun 02, 2020 Joshua Freedman
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
Alrosa rough diamond sorting
Alrosa Allows Deferrals at Third Consecutive Sale
Alrosa has continued its policy of enabling customers to hold off buying its rough diamonds until later in the year, aiming to avoid flooding the market with goods.The flexibility will be in place at the upcoming June...
Rough Markets May 31, 2020 Rapaport News
Rough diamonds Alrosa
Alrosa Sales Nearly Wiped Out in April
Alrosa’s diamond sales plummeted 95% to $15.6 million in April, the lowest on record, as customers deferred purchases until the market improves.Rough sales slumped 96% to $13.1 million, while polished revenues fell 17% to $2.4 million,...
Rough Markets May 12, 2020 Rapaport News
Rough diamond at KGK Diamonds Botswana
De Beers Launches Online Rough-Sales Platform
De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.An initiative of De Beers’ auctions unit, the new Buy platform gives registered buyers...
Rough Markets May 10, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Allows Clients to Defer All Purchases
Alrosa is allowing full flexibility at next week’s monthly rough-diamond sale, enabling long-term clients to delay purchases until later in the year due to the current weak market.“The spread of coronavirus and counter-pandemic measures implemented around...
Rough Markets Apr 02, 2020 Joshua Freedman
Rough diamond
De Beers Enables 100% Deferrals at March Sight
De Beers is allowing sightholders unlimited deferrals at its upcoming rough-diamond sale as manufacturing closures have obliterated demand, market sources told Rapaport News.The rare step follows the shutdown of the Surat polishing industry this week...
Rough Markets Mar 26, 2020 Joshua Freedman
Alrosa rough 150
Alrosa Relaxes Sales Terms Amid Market Crisis
Alrosa is allowing clients to defer up to 60% of their rough-diamond allocations at this month’s contract sale, claiming the concession will help buyers handle the current market difficulties.“Amid such market uncertainty, it wouldn’t be right to keep our...
Rough Markets Mar 15, 2020 Rapaport News
Alrosa diamond sorting
Alrosa to Maintain Supply Flexibility
Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
Rough Markets Mar 08, 2020 Rapaport News
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