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De Beers Sales Rise to Nine-Month High
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De Beers’ January rough-diamond sales reached their highest level since last April as post-holiday stock replenishment boosted demand.Proceeds of $545 million at the first sales cycle of 2020 were 9% higher than a year ago, the miner...
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Rough Markets
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Jan 29, 2020
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Rapaport News
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De Beers Plans Overhaul of Supply Policy
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De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.The move, which would go into effect from 2021, would...
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Rough Markets
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Jan 23, 2020
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Joshua Freedman
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Rough Market Picks Up at De Beers Sight
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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...
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Rough Markets
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Nov 13, 2019
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Joshua Freedman
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De Beers Sales Drop in Slow Rough Market
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De Beers’ sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the...
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Rough Markets
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Oct 03, 2019
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Joshua Freedman
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De Beers Sales Sink to Lowest Level Since 2015
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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...
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Mining
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Jul 30, 2019
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Joshua Freedman
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De Beers Allows Deferrals at $505M Sale
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De Beers’ sales slipped to $505 million at its seventhcycle this year as the miner allowed sightholders to refuse allocations of cheaperrough diamonds. The proceeds — which include last week’s sight — weremarginally lower than the $507 million...
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Rough Markets
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Sep 12, 2018
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Joshua Freedman
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De Beers Sells $575M Amid Strong Demand
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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...
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Rough Markets
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Jun 27, 2018
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Joshua Freedman
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Rough Market Cools Despite $572M De Beers Sight
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The rough-diamond market slowed during last week’s De BeersJuly sight, with prices on the secondary market decreasing.De Beers sold $572 million of rough in the sixth sales cycle,an increase of 6% from the previous sight and...
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Mining
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Aug 02, 2017
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Joshua Freedman
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Tight Indian Liquidity Slows De Beers Sales
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De Beers revenue from rough diamonds declined sequentially to$418 million in the final sales cycle of the year as tighter liquidity in Indiahit demand for lower-priced stones.Sales fell 12 percent at last week’s December sight from$476 million...
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Mining
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Dec 13, 2016
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Rapaport News
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De Beers Sells $470M in Quiet November Sight
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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...
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Mining
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Nov 15, 2016
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Rapaport News
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De Beers Pre-Diwali Sales Beat Expectations
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De Beers sold $485 million of rough diamonds in its eighth sales cycle ofthe year, exceeding expectations in a seasonally quiet period ahead of the Diwali holiday inIndia.While the figure for September is still thelowest for this...
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Mining
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Oct 05, 2016
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Rapaport News
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De Beers Sales Rise Ahead of Holiday Season
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De Beers sold $630 million of rough in its seventh salescycle this year as diamond cutters increased their demand for stock ahead of theforthcoming holiday season.Revenue grew from a revised $528 million in the previouscycle, the miner...
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Mining
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Sep 06, 2016
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Rapaport News
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De Beers July Sales Total $520M
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De Beers sold $520 million of rough diamonds at its latest salescycle as the miner reported “positive” sightholder sentiment but maintained acautious outlook for the rest of the year.The revenue figure for the diamond miner’s...
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Rough Markets
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Aug 02, 2016
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Rapaport News
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De Beers June Sales Valued at $560M
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De Beers reported sales fell to $560 million in its fifthcycle of 2016 which the miner regards as a typically slower period of the year.The sales figure compared with a revised $636 million in theprevious cycle and represents a decline...
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Mining
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Jun 28, 2016
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Rapaport News
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De Beers Sales Drop for First Time in Five Months
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De Beers reported rough sales declined to $630 million inits fourth sales cycle of the year.Revenue fell 5.4percent in the May cycle from a revised $666 million in April, according to thediamond miner’s parent Anglo American.“As normalseasonal...
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Rough Markets
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May 24, 2016
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Rapaport News
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De Beers November Sight Slumps to Estimated $70M
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De Beers recorded one of its smallest ever contract sales in November as last week’s sight closed with an estimated value of $70 million. The rough diamond supplier kept prices stable and enabled extra flexibility due...
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Rough Markets
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Nov 11, 2015
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Rapaport News
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De Beers Sightholders Reject Most Goods at $200M Sight
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The De Beers July sight closed with an estimated value of $200 million with the amount of goods left on the table estimated to have exceeded 65 percent of the initial sight value. De Beers reportedly kept overall diamond...
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Mining
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Jul 20, 2015
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Ronen Shnidman
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De Beers June Sight Estimated at $550M
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The De Beers June sight closed with an estimated value of $550 million. Diamond prices were reportedly stable at the sight, while sightholders noted a slight increase in the box price of larger goods. Some added that...
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Rough Markets
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Jun 17, 2015
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Ronen Shnidman
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De Beers May Sight Estimated at $470M
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The De Beers May sight closed with an estimated value of $470 million as the mining company reduced its rough diamond prices by an average of 3 percent. Sightholders noted that prices for many boxes fell by even more...
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Rough Markets
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May 12, 2015
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Ronen Shnidman
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De Beers February Sight Estimated at $550M
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De Beers February sight closed with an estimated value of $550 million and rough diamond prices declined an estimated 2 percent to 3 percent, on average. Minor improvements in assortment qualities were also reported. Sightholders said deferrals were lower...
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Rough Markets
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Mar 03, 2015
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Ronen Shnidman
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