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Analyzing rough at KGK Botswana
Rough Market Picks Up at De Beers Sight
De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
Rough Markets Nov 13, 2019 Joshua Freedman
De Beers rough
De Beers Reduces Prices at November Sight
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond sale, but noted that further discounts werenecessary to improve profits in the manufacturing sector. The company reduced prices of higher-end goods by 5% to7% at this week’s...
Rough Markets Nov 06, 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
Alrosa
Alrosa Sales Fall Amid Diamond Oversupply
Alrosa’s sales continued to slump in June, closing off afirst half that saw a heavy drop in demand for its rough. The Russian miner’s total sales slid 43% to $222.4million for the month, it reported Wednesday....
Mining Jul 10, 2019 Rapaport News
Lucara Karowe sorting
Lucara Completes First Sale on Clara Platform
Lucara Diamond Corp. recorded an 8% premium in theinaugural sale of rough on its new digital platform, which it completed lastmonth, the miner reported Tuesday. Five out of seven participating manufacturers andjewelers came away with goods, with...
Rough Markets Jan 08, 2019 Rapaport News
Alrosa November
Alrosa Sees Upturn in Small-Stone Demand
Alrosa noted an improvement in demand for lower-value roughin November, even as total diamond sales dropped. Proceeds slid 18% year on year to $274 million for themonth, the miner said Monday. However, sales value and...
Rough Markets Dec 10, 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
Kimberley
Kimberley Rough Goes on Sale in Antwerp
Production from the Kimberley mining operations in SouthAfrica will come to Antwerp for tender following Petra Diamonds’ sale of theasset. Until now, Petra only offered the goods for sale in SouthAfrica. The company offloaded...
Rough Markets Aug 29, 2018 Rapaport News
Pink Diamond 150
30-Carat Fancy Pink Set for Antwerp Sale
Lesotho-focused miner Namakwa Diamonds will sell a29.59-carat, fancy-pink rough stone in Antwerp this fall.The company discovered the diamond at its KAO mine in theAfrican country on June 12, according to brokerage firm Bonas-Couzyn, whichwill facilitate...
Rough Markets Aug 27, 2018 Rapaport News
De Beers 600
Higher Costs Dent De Beers Earnings
De Beers’ underlying earnings fell in the first half due to higher costs, even as the company maintained an upbeat forecast for the rest of the year.“The outlook for 2018 global consumer demand remains positive in most...
Mining Jul 26, 2018 Rapaport News
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 150
De Beers Raises Prices at $520M Sale
De Beers’ April sight closed with a value of $520 millionamid concerns among manufacturers that higher rough prices could affect profitmargins.De Beers raised prices by 1% to 2% from the previous salefor larger size categories, sightholders told...
Rough Markets Apr 17, 2018 Joshua Freedman
Alrosa 150
Large-Stone Demand Drives Alrosa Sales
Alrosa’s sales leaped20% year on year in the first quarter, as demand for medium-sized and largerough diamonds strengthened. Total sales for thethree months ending March 31 rose to $1.61 billion, of which $1.58 billion wasfrom rough...
Mining Apr 11, 2018 Rapaport News
Botswana Rough Exports Fall in 2017 150
Botswana’s Rough Exports Drop
Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the...
Mining Jan 31, 2018 Rapaport News
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
diamcor
Diamcor Third-Quarter Rough Sales Decline
Diamcor’s tender results showed a lower number of carats soldin the third fiscal quarter that started October 1, with the company citing water-recovery issues. The company sold a total of 4,354 carats of rough diamondsfor $864,546...
Mining Dec 21, 2017 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
Alrosa Sale 150
Alrosa Benefits from Rough Market Recovery
Alrosa’s sales spiked in November as the rough-diamondmarket recovered from a downturn it had experienced a year earlier. Sales grew 36% to $334.2 million compared with November2016, when the Indian government’s demonetization policy negatively impactedliquidity and...
Mining Dec 11, 2017 Rapaport News
Gahcho Kue
Gahcho Kué Mine Proves Profitable in First Year
Mountain Province recorded a profit in the third quarter, less than a year after launching production at the Gahcho Kué mine in Canada.The miner posted a net income of $21.8 million (CAD 27.7 million)for the three months...
Mining Nov 15, 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
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