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Alrosa December Sales Highest Since 2018
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Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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US Polished Imports Down as Average Price Falls
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Polished-diamond imports into the US slid 8% year on year to $1.34 billion in October as a lower average price outweighed higher carat volumes, according to recent data from the US Commerce Department. The US has now seen 19 consecutive months...
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Financial-Legal
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Dec 22, 2020
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Rapaport News
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Alrosa Sales Continue Upward Trend
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Alrosa’s sales exceeded 2019 levels for the third consecutive month in October as the diamond market improved ahead of the holidays.The Russian miner saw sales of $310 million for the month, it said Tuesday — 17%...
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Rough Markets
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Nov 10, 2020
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Rapaport News
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India Rushes to Meet US Holiday Demand
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Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
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Manufacturing
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Oct 22, 2020
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Joshua Freedman
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Alrosa Upbeat as Diamond Sentiment Improves
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Alrosa gave a positive assessment of the diamond market ahead of the holidays after rough and polished trading picked up in the third quarter.The Russian company’s rough-diamond sales climbed to $552.9 million during the three months...
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Mining
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Oct 18, 2020
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Rapaport News
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India Trading Still Down, but Decline Eases
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India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
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Polished Markets
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Sep 15, 2020
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Rapaport News
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India Calls for Inventory Caution
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India’s major trade body has again urged members to avoid taking on unsellable diamond inventory, arguing that the industry’s recent improvement has been only partial.While polished demand is increasing and some categories are...
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Rough Markets
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Aug 26, 2020
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Rapaport News
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India’s Decline Eases as Trade Resumes
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India’s polished-diamond exports fell in July but at a gentler pace than in earlier months as the US, Europe and China returned to more normal business levels. Polished shipments out of the country dropped 39% after heavier...
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Polished Markets
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Aug 25, 2020
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Rapaport News
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India’s Diamond Shipments Decline
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India’s polished-diamond exports dropped 6% to $1.65 billion in January, reflecting a lower average price, even as volumes rose. Rough imports also fell, according to data from the country’s Gem & Jewellery Export Promotion Council. India...
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Polished Markets
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Feb 26, 2020
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Rapaport News
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US Trade Slowdown Continues
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US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019 Nov 2019 Year-on-year change Polished imports $1,382 -19%...
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Polished Markets
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Jan 13, 2020
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Rapaport News
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Pressure on Diamond Midstream Likely to Increase
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Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly...
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Polished Markets
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Dec 12, 2019
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Joshua Freedman
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India Polished Exports Drop
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India’s polished-diamond exports fell 15% to $1.95 billion inOctober, reflecting a 22% slide in the average price of shipments. Export volumerose 8% to 2.8 million carats, according to data from the Gem & JewelleryExport Promotion Council. The...
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Polished Markets
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Nov 14, 2019
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Rapaport News
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GIA Cuts Prices 10% Amid Market Slowdown
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The Gemological Institute of America (GIA) has temporarilyreduced grading fees for certain smaller diamonds after recording a drop in submissionsduring the recent industry slump. The organization is slashing prices of reports by 10% forpolished weighing from...
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Polished Markets
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Jul 16, 2019
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Joshua Freedman
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Webinar: The Way Forward in a Slow Market
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What’s the current state of the rough, polished and retail markets?Avi Krawitz, Rapaport’s Senior Analyst and News Editor, analyzes the key trendsin this hour-long webinar. Click here for more.
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Polished Markets
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Apr 18, 2019
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Avi Krawitz
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India Starts Year with Export Slump
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India’s polished-diamond exports dropped 16% to $1.75 billion in January,continuing their recent weakness. A slide in the volume of shipments outweigheda higher average price, according to data the Gem & Jewellery ExportPromotion Council (GJEPC) released this...
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Polished Markets
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Feb 20, 2019
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Rapaport News
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India’s Diamond Trade Slows in November
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The Indian trade fell by most key measures in November,according to data from the Gem & Jewellery Export Promotion Council(GJEPC). Polished exports slid to their lowest level since December 2016, when demand dropped in the...
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Polished Markets
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Dec 18, 2018
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Rapaport News
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Alrosa Garners $1.5M at New York Polished Sale
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Alrosa brought in $1.5 million from its firstpolished-diamond tender in New York since it reopened its office in the cityearlier this year. The Russian miner’s cutting division, Diamonds Alrosa,sold 111 polished stones weighing from...
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Polished Markets
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Aug 09, 2018
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Rapaport News
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India Sees Further Rise in Diamond Exports
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A higher average price resulted in anincrease in India’s polished-diamond exports in June. Outbound polishedshipments have grown this year, with a 9% rise in the second quarter and a 10%jump for the first six months. India Diamond Trade...
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Polished Markets
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Jul 18, 2018
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Rapaport News
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Diamond Prices Rise in June
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RAPAPORT PRESS RELEASE, July 3, 2018, New York … Diamond market sentiment was positive in June after the Las Vegas shows demonstrated robust US jewelry demand. Suppliers held polished prices firm amid shortages in some...
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Polished Markets
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Jul 03, 2018
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Rapaport
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Alrosa Mulls Buying Manufacturer Kristall
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Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia’s largest manufacturer of polished goods.The miner’s supervisory board deemed the potential deal“expedient” after examining it on April 28, it told Rapaport News Sunday.“Alrosa…sees that such an acquisition, under certainconditions,...
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Manufacturing
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May 06, 2018
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Rapaport News
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