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Jwaneng mine
Diamond Rebound to Boost Botswana Growth
Botswana’s government expects the country’s economy to return to growth next year on the back of a recovery in the diamond sector.The nation’s gross domestic product (GDP) will increase 7.7% in 2021, Thapelo Matsheka, minister of finance and...
Mining Oct 21, 2020 Rapaport News
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Oct 20, 2020 Rapaport News
MP Gahacho Kue 150
Mountain Province Output Thrives in Third Quarter
Production at Gahcho Kué rose in the third quarter as Mountain Province mined from a higher-grade portion of the deposit.Ore from the asset yielded 2.19 carats of rough diamonds per tonne in the three months ending September...
Mining Oct 19, 2020 Rapaport News
Rough diamond De Beers
De Beers September Sales Soar 57%
De Beers has registered its highest sales total since January, as rough demand has improved ahead of the fourth-quarter holiday season.The company sold $467 million of rough during its September sales cycle, the eighth...
Polished Markets Oct 14, 2020 Rapaport News
Sothebys 102 carat 150
Collector Nabs 102ct. Diamond for $16M ‘Bargain’
A private collector bought a 102-carat, D-flawless diamond for $15.7 million at a special online auction by Sotheby’s Hong Kong on Monday. While the stone was the first high-profile diamond to be offered without a reserve price, observers had...
Polished Markets Oct 06, 2020 Rapaport News
Rough and Polished
Polished Prices Firm Ahead of Holiday Season
RAPAPORT PRESS RELEASE, October 6, 2020, Las Vegas… Diamond market sentiment improved in September as jewelers started to prepare for the fourth-quarter holiday season. Optimism was tempered by a continued rise in global Covid-19 cases and renewed...
Polished Markets Oct 06, 2020 Rapaport
De Beers Julez drawing 150
De Beers Launches Design Collaboration for Charity
A new De Beers initiative will highlight the positive impact of natural diamonds on the areas in which they are mined.ReSet is a series of collaborations with different jewelry designers who will set diamonds discovered by De Beers into a variety...
Polished Markets Oct 05, 2020 Rapaport News
NUM 150
De Beers, Petra Workers Prepare to Strike
Workers at De Beers’ and Petra Diamonds’ operations in South Africa are planning to go on strike after the parties failed to reach an agreement in their respective wage talks.Members of the National Union of Mineworkers (NUM) will begin a “protected strike”...
Mining Oct 04, 2020 Rapaport News
Lightbox 150
De Beers Adds 10 Jewelers to Lab-Grown Roster
De Beers will expand the availability of its Lightbox line of lab-grown diamond jewelry through partnerships with 10 independent jewelers in the US and Canada.The brand will launch at 28 stores in the midwest, northern California and the east...
Retail Oct 04, 2020 Rapaport News
Mountain Province 150
Mountain Province Gets Approval for Investor Bailout
Mountain Province shareholders have approved a refinancing deal that will allow one of its major investors to buy out its current credit facility.Dunebridge Worldwide, which is controlled by Dermot Desmond, who owns just over 32%...
Mining Oct 01, 2020 Rapaport News
De Beers Survey 150
Diamond Sales Set for Resurgence – De Beers
Both male and female US consumers are more likely to purchase and receive diamond jewelry over the next six months than they did during prior coronavirus waves, according to a De Beers survey.Women are also...
Retail Sep 24, 2020 Rapaport News
E-commerce
Trend Report: Covid-19 Driving Move to Digital
Las Vegas, September 24, 2020As the diamond industry begins its recovery from the initial impact of Covid-19, its once-lagging progress toward digital is being vastly accelerated. While this will not be a rapid transition...
Polished Markets Sep 24, 2020 John Costello
Rough Diamond Sorting
De Beers Reduces Prices of Smaller Rough
De Beers lowered prices of rough diamonds below 1 carat as the positive sales momentum that began last month continued during this week’s sight, sightholders told Rapaport News.The reductions for the September sight are...
Rough Markets Sep 23, 2020 Joshua Freedman
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
De Beers rough 150
De Beers August Rough Sales Rise to $320M
Rough-diamond sales began to rebound at De Beers’ August sight as demand picked up ahead of the holiday season and governments reduced Covid-19 restrictions.“Diamond markets showed some continued improvement throughout August and September as Covid-19 restrictions continued...
Mining Sep 13, 2020 Rapaport News
Sothebys 102 diamond 150
Sotheby’s Nixes Reserve Price on 102ct. Diamond
Sotheby’s will offer a D-flawless diamond over 100 carats in Hong Kong next month, taking the unusual step of selling the stone without setting a reserve price.The oval-shaped, 102.39-carat, type IIa stone is one of only...
Polished Markets Sep 10, 2020 Rapaport News
Diamonds in a shopping cart
The Rough Market’s Window of Opportunity
The price cuts that took effect in the rough-diamond market last month surprised some, but made perfect sense given the trends in polished trading and the recent earnings reports from De Beers and...
Rough Markets Sep 08, 2020 Rapaport News
RetailRap Sept 150
How to Redesign Stores so Customers Feel Safe
Getting customers to shop post-lockdown has been difficult given financial constraints, and the fear of catching Covid-19 while out has only added to that challenge. While customers prefer shopping in physical stores, they will...
Retail Sep 07, 2020 Leah Meirovich
De Beers rough and polished
Rough-Market Momentum Set to Continue
The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.“There’s still a gap, because demand is there, and supply is very limited and...
Rough Markets Sep 03, 2020 Joshua Freedman
Polished Diamonds & Tweezer
Rising Polished Prices Boost Sentiment
RAPAPORT PRESS RELEASE, September 1, 2020, Las Vegas… Diamond markets improved in August as governments eased Covid-19 restrictions and dealers sought to fill specific orders from jewelers. Indian manufacturers increased polished production to fill shortages...
Polished Markets Sep 01, 2020 Rapaport
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