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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 Jan 17, 2021 Rapaport News
RRR Jan 2021 cover image
Were Diamond Companies Worth the Investment?
What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
Research Jan 14, 2021 Avi Krawitz
Alrosa May sales
Alrosa December Sales Highest Since 2018
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...
Rough Markets Jan 13, 2021 Rapaport News
Alrosa rough
Alrosa Receives Option to Sell to Gokhran
Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the...
Rough Markets Jan 13, 2021 Joshua Freedman
Dubai Diamond Exchange
Antwerp, Dubai Upbeat on Rough-Tender Market
The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
Rough Markets Jan 12, 2021 Rapaport News
Alrosa Shanghai 140 new
Alrosa Joins Shanghai Bourse to Up China Presence
Alrosa’s Hong Kong operation has become a member of the Shanghai Diamond Exchange (SDE) in an effort to increase opportunities for direct rough and polished trading in mainland China.The move will also strengthen ties between Alrosa...
Mining Dec 30, 2020 Rapaport News
Letlapa Tala Petra new 140
The Most Buzzworthy Diamonds of 2020
Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
Polished Markets Dec 30, 2020 Leah Meirovich
Auctions Roundup 140
Online Innovation Propels 2020 Auction Sales
While many would consider 2020 one of the most challenging years the industry has faced, auction sales told a different story, as successful digital offerings changed the road map for how customers bought...
Polished Markets Dec 28, 2020 Rapaport News
Rough diamond and sorting labels, Kimberley
Top Miners Release Dates of 2021 Rough Sales
De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.De Beers will continue its format of holding 10 sights...
Rough Markets Dec 28, 2020 Rapaport News
Alrosa rough sorting weighing
Alrosa Sales Continue to Grow
Alrosa’s diamond sales rose in November to their highest level since January as customers continued to replenish their rough inventories ahead of the holidays.Revenue from rough and polished goods jumped 36% year on year to $390.5 million,...
Rough Markets Dec 10, 2020 Rapaport News
Julianne Kippenberg, Diamond Ring, artisanal minin
Podcast: Human Rights, Diamonds and Covid-19
The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
Fair Trade Dec 10, 2020 Avi Krawitz
Looking at polished diamond through loupe at Almod
De Beers Aims for Full Traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
Retail Nov 30, 2020 Rapaport News
Alrosa 150
Alrosa Gives Cautious 2021 Production Outlook
Alrosa expects to maintain production at its current low levels next year, aiming to reduce inventories that built up during the pandemic.The Russian miner is discussing a production plan of 28 million to 30 million carats for 2021, which the...
Mining Nov 12, 2020 Joshua Freedman
Sothebys Spirit of the Rose 150
$27M Pink Diamond Sets Record at Sotheby’s
Alrosa’s Spirit of the Rose has achieved the highest price for any purple-pink diamond, selling to an anonymous bidder for nearly $27 million at Sotheby’s Geneva.The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type...
Polished Markets Nov 12, 2020 Rapaport News
Alrosa
Alrosa Sales Continue Upward Trend
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%...
Rough Markets Nov 10, 2020 Rapaport News
Students learning to sort rough diamonds in De Bee
De Beers Delays New Sightholder Contract
De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
Rough Markets Oct 26, 2020 Joshua Freedman
De Beers Diamond Jewellers Ring
Preparing for a Holiday Season Like No Other
Rapaport’s quarterly Diamond Trends Webinar outlined the key developments the trade should look out for during the holiday season and 2021.The webinar, presented last week by Rapaport Senior Analyst Avi Krawitz,...
Polished Markets Oct 26, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Extends Supply Contract to March 2021
Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday.The current market environment has made it hard...
Rough Markets Oct 25, 2020 Rapaport News
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
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...
Manufacturing Oct 22, 2020 Joshua Freedman
Alrosa mine trucks
Alrosa Upbeat as Diamond Sentiment Improves
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...
Mining Oct 18, 2020 Rapaport News
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