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Alrosa rough diamonds
Buyers Snub De Beers and Alrosa over High Prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
Rough Markets Jun 29, 2020 Joshua Freedman
De Beers Jwaneng mine
De Beers Pauses Botswana Mining
De Beers’ mining operations in Botswana have been on hold for more than two weeks amid a national lockdown, the company told Rapaport News.Debswana, the company’s joint venture with the government, paused activities on April...
Mining Apr 19, 2020 Rapaport News
Karowe
Lucara May Struggle to Hold Botswana Sales
The coronavirus outbreak has threatened Lucara Diamond Corp.’s ability to hold tenders in Botswana, and had a heavy negative effect on rough prices, the company said Tuesday.The Botswana government has given Lucara permission to hold...
Rough Markets Apr 01, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
Rough Markets Mar 30, 2020 Rapaport News
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 Sorting
De Beers Cuts Prices as Rough Sales Slide
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
Rough Markets Jun 25, 2019 Avi Krawitz
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
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 Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
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 Namibian rough diamonds
Rough Prices Firm at $530M De Beers Sight
De Beers sold $530 million worth of rough diamonds in June as sightholders continued to complain of shrinking manufacturing marginsand a mismatch between rough and polished prices.The miner lifted prices by an estimated 2% to 3% in certaincategories, sightholders told Rapaport News. Higher...
Rough Markets Jun 20, 2017 Joshua Freedman
Shrenuj Botswana Diamond Factory
Shrenuj De Beers Sight Suspended
Shrenuj & Co., one of India’s largest diamond cutting firms, said its supply arrangement with De Beers has been suspended, and its Botswanaoperations were scaled back amid continued pressure on its liquidity position.“In...
Manufacturing Nov 23, 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
Jwaneng Mine, Botswana
Mining Outlook Weighing on Botswana Growth
Botswana cannot rely on diamonds for economic growth even ifproduction remains stable because mining is getting more expensive and thepopulation is increasing, economists warned.“It would be a mistake to assume that ‘business as usual’ isa viable approach...
Mining Aug 16, 2016 Rapaport News
Nigel Simson De Beers
De Beers Makes Sightholder Sales Appointments
De Beers appointed Nigel Simson (pictured, right) as seniorvice-president of the miner’s product planning operation at Global SightholderSales. The new unit will ensure products and services are more tailored torough diamond buyers’ needs.Bernard Bradley...
Mining Aug 14, 2016 Rapaport News
Botswana Flag
GIA Opens Expanded Lab and Education Facility in Botswana
The Gemological Institute of America (GIA)opened an expanded laboratory and education facility in Gaborone, Botswana,last week to support its beneficiation efforts in the African nation bybringing value-added services to gem-producing countries. The expansionincludes more classroom space.Gem...
Technology Jan 25, 2016 Rapaport News
DTC Botswana Building
Dealer Mood Improves at $480M De Beers Sight
The De Beers November sight closed with an estimated value of $480 million, a total that was slightly higher than presight estimates, as sightholders saw a bit more profitability in the goods on offer. The sight was the...
Rough Markets Nov 18, 2013 Avi Krawitz
DTC Botswana Building
Sightholders Refuse Goods at $600M De Beers Sight
The De Beers August sight closed with an estimated value of $600 million before refusals. Sightholders reportedly refused 20 to 25 percent of the goods that were offered at the sight. Reports from the sight indicated that De Beers...
Rough Markets Sep 02, 2013 Avi Krawitz
Antwerp Beurs Voor Diamanthandel
The World’s Leading Diamond Hub
Competition is rising between the diamond trading centers. Not only are there new kids ‎on the block vying for a greater portion of the global rough and polished trade, but the ‎diamond distribution...
Rough Markets Jul 13, 2012 Avi Krawitz
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