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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
Rough Diamonds
De Beers Sales Continue to Fall
De Beers’ rough-diamond sales plunged 44% year on year thismonth as customers rejected goods or exercised the miner’s buyback option. Sales fell to $280 million in the seventh sales cycle of theyear, as sightholders continued to struggle with weak...
Mining Aug 28, 2019 Rapaport News
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
De Beers for the NewsBrief
De Beers Sales Slump Amid Market Weakness
De Beers’ rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold...
Rough Markets Jan 29, 2019 Joshua Freedman
De Beers 150
De Beers Sells $575M Amid Strong Demand
De Beers recorded its largest monthly sales since January asshortages and strong sentiment supported the rough-diamond market in June.The miner sold $575 million worth of rough at last week’s sightand other sales events during...
Rough Markets Jun 27, 2018 Joshua Freedman
De Beers rough
De Beers Raises Rough Prices Again
De Beers sold $550 million worth of goods at its May salescycle as strong consumer demand boosted the rough-diamond market.The miner raised prices for the third consecutive sight amidthe strong demand, with the emphasis...
Rough Markets May 22, 2018 Joshua Freedman
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
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
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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