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New IIDGR grading reports 150
De Beers Rebrands Grading Unit
The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. “[The rebranding] will make things clearer and simpler...
Polished Markets Jun 25, 2019 Rapaport News
Business Botswana
De Beers Can Do More, Botswana Group Says
A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
Mining Jun 18, 2019 Rapaport News
Alrosa colored diamond polished
Alrosa to Sell Directly to Consumers
Alrosa is launching a source-of-origin program that will enable dealers and consumers to buy polished diamonds with detailed provenance information.The Russian miner will create an “electronic passport” for each diamond on a new website, diamonds.alrosa.ru, presenting...
Retail Jun 04, 2019 Rapaport News
Mahiar Borhanjoo
Venus Jewel Exec to Join DFL Group
Mahiar Borhanjoo is set to leave Venus Jewel Internationalto become CEO of the DFL Group, the company behind a new onlinepolished-diamond hub. Borhanjoo has been managing director of India-based Venus Jewel, aleading polished manufacturer and...
Polished Markets Jun 02, 2019 Rapaport News
Podcast
Podcast: Who’s Right – De Beers or the GIA?
Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
Polished Markets May 02, 2019 Rapaport News
Sorting at DTC Botswana
De Beers Green-Lights Disclosure-Rule Changes
De Beers has approved plans to allow sightholders to referto its goods as “DTC diamonds,” a company spokesperson confirmed with RapaportNews on Tuesday. The miner consulted with clients during the December sightin Botswana, proposing to relax its...
Mining Jan 08, 2019 Joshua Freedman
De Beers sight box
De Beers Ready to Relax Its Provenance Rules
De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
Rough Markets Dec 13, 2018 Joshua Freedman
De Beers DTC sight boxes
De Beers Sells $470M in Quiet November Sight
De Beers recorded its smallest sight of the year in Novemberamid a seasonally quiet period for the rough diamond market after the Diwalifestival.The ninth sales cycle of 2016 totaled $470 million compared with$178 million a year...
Mining Nov 15, 2016 Rapaport News
De Beers sorting
De Beers Announces 2017 Sight Dates
De Beers released its sales timetable for 2017, maintainingits schedule of 10 sights a year. The company sells approximately 90 percent of its roughsupply through its global sightholder sales division and the remainder throughits auction platform....
Mining Nov 07, 2016 Rapaport News
De Beers Logo
De Beers Sets Dates for 2016 Sights
DeBeers has announced the dates of its sights in 2016:Sight1: Monday January 18 – Friday January 22Sight 2: Monday February 22 – Friday February 26Sight 3: Monday April 4 – Friday April 8Sight 4: Monday May 16 – Friday May 20Sight 5: Monday June...
Rough Markets Nov 23, 2015 Rapaport News
De Beers Diamond Sorting
De Beers October Sight Estimated at $460M
De Beers October sight closed with an estimated value of $460 million. The company reportedly lowered prices for several different categories of goods between 2 percent and 4 percent. Sightholders noted that De Beers also shifted the...
Rough Markets Oct 14, 2014 Ronen Shnidman
De Beers Sorting
Rough Forward Contracts
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market. The announcement comes 11 months since Anglo American became the 85 percent majority owner of De Beers...
Rough Markets Jul 12, 2013 Avi Krawitz
Surat Factory Workers
De Beers, Rio Tinto Update Their 2013 Client Lists
De Beers and Rio Tinto have updated their client lists for the current year on their respective ‎websites. ‎De Beers announced in March that it added five companies to its list of sightholders for the ‎contract...
Rough Markets Apr 04, 2013 Avi Krawitz, Deena Taylor
Rough Diamonds
Rosy Blue Renews ALROSA Rough Supply Contract
Rosy Blue signed a new long-term rough diamond supply ‎deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De ‎Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
Rough Markets Dec 19, 2012 Dilipp S Nag
Shrenuj
Shrenuj's 2Q Sales +7%, Profit -2%
Shrenuj & Co. Ltd. reported that group sales rose 7 percent year on year to $151.5 million (INR 8.24 billion) during the second fiscal quarter that ended on September 30, 2012. Profit, however, declined...
Polished Markets Nov 12, 2012 Dilipp S Nag
Varda Shine
De Beers Group Realigns Corporate Identity
The following letter to De Beers Group sightholders identifies immediate branding changes and signals the group's future strategy. Dear Sightholder,For an industry that historically evolved slowly, the past several years have seen unprecedented...
Rough Markets Oct 03, 2012 De Beers
Jwaneng Mine, Botswana
De Beers Maintains Low Diamond Supply
De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier. “We will have shortfalls for the rest of the intention to offer...
Rough Markets Sep 20, 2012 Avi Krawitz
RAPI Graph - August 2012
Certified Diamond Prices Relatively Stable in August
PRESS RELEASE, September 4, 2012, New York: Certified polished diamond prices were relatively stable in August, easing the steep declines witnessed in previous months. Dealers have sensed a restrained improvement in demand from Far East...
Polished Markets Sep 04, 2012 Rapaport
DTC Botswana Building
Botswana's Diamond Exports -61% in July
Botswana’s diamond exports fell 61 percent year on year to $260.4 ‎million ‎in ‎July ‎‎2012, ‎according to data released by the Bank of Botswana. During the ‎first ‎seven ‎months ‎of the year, the ‎country’s diamond exports...
Rough Markets Sep 02, 2012 Avi Krawitz
DTC Box
De Beers Cuts Prices by an Average of 8%
De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading ‎Company (DTC) sight this week. The sight had an estimated value of about $580 million and ‎no goods were left on the table....
Rough Markets Aug 29, 2012 Avi Krawitz
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