|
|
|
Alrosa’s Angola Mine to Start Production in 2020
|
|
After six years of development, production is due to begin at Alrosa’s Luaxe diamond deposit in Angola next year, the nation’s government said. Output will come to around 1 million carats valued at $90 million in the first year,...
|
|
|
Mining
|
Dec 15, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Reach Six-Month High
|
|
Alrosa’s sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the...
|
|
|
Mining
|
Dec 10, 2019
|
Rapaport News
|
|
|
|
|
|
Can Nanotechnology Save the Diamond Trade?
|
|
It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
|
|
|
Technology
|
Dec 09, 2019
|
Avi Krawitz
|
|
|
|
|
|
Alrosa Identifies Potential New Diamond Resources
|
|
Alrosa has identified three new exploration sites that couldpotentially yield 17.9 million carats of rough across their lifespan, according to preliminaryestimates.The sites are located close to Alrosa’s Mir mine in the Yakutia region of Russia....
|
|
|
Mining
|
Dec 09, 2019
|
Rapaport News
|
|
|
|
|
|
LVMH Sees Value in Tiffany’s Diamond Sourcing
|
|
A storied past and popularity as a brand might bethe first things that would attract a potential suitor to Tiffany & Co. ButLVMH has identified another key attribute that made the US jeweler a valuabletarget: its ability...
|
|
|
Retail
|
Nov 28, 2019
|
Joshua Freedman
|
|
|
|
|
|
The Curious Case of Fluorescence
|
|
The diamond industry has a complicated relationship with fluorescence.Historically, both the trade and consumers saw value in a diamond that fluoresced under ultraviolet light. The perception was that it added to the color of the diamond...
|
|
|
Polished Markets
|
Nov 26, 2019
|
Avi Krawitz
|
|
|
|
|
|
Zimbabwe to Take Smaller Cut of Diamond Sales
|
|
Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to encourage companies to invest in the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond...
|
|
|
Mining
|
Nov 18, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Launches Digital Tenders with Sarine Tech
|
|
Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
|
|
|
Rough Markets
|
Nov 11, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Profit Drops in Third Quarter
|
|
Weak rough-diamond demand led to a decline in profit at Alrosa in the third quarter, the Russian miner reported. Profit slid 44% to RUB 13.5 billion ($211.6 million) for thethree months ending September 30, as revenue faltered...
|
|
|
Mining
|
Nov 10, 2019
|
Rapaport News
|
|
|
|
|
|
Diamond Market Improves as Holidays Approach
|
|
RAPAPORT PRESS RELEASE, November5, 2019, Las Vegas … Diamond trading improved in late October after variousJewish, Indian and Chinese holidays. Dealers are focused on filling holidayorders as US jewelers prepare inventory for the season. Shortages...
|
|
|
Polished Markets
|
Nov 05, 2019
|
Rapaport
|
|
|
|
|
|
Alrosa Finds Its Largest Diamond in Three Years
|
|
Alrosa has unearthed a rough stone weighing 232.4 caratsat the Udachnaya pipe, its largest in more than three years. “Such large, gem-quality crystals are extremely rare,”Evgeny Agureev, deputy CEO of Alrosa, said last...
|
|
|
Mining
|
Oct 27, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Down as Cutters Reduce Stock
|
|
Alrosa’s sales fellin the third quarter amid a drop in the average price as the miner sold alarger proportion of small stones, it reported Thursday.Sales decreased 37% to $611 million for the three months ending September...
|
|
|
Mining
|
Oct 22, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Decline at Slower Rate
|
|
Alrosa’s sales fell 24% year on year to $258.7 million inSeptember, amid continued market weakness. However, the total was the highest in four months, and reflecteda noticeable recovery in the small-stone sector, the Russian...
|
|
|
Mining
|
Oct 15, 2019
|
Rapaport News
|
|
|
|
|
|
DPA Chief Lieberherr Steps Down
|
|
Jean-Marc Lieberherr has resigned as CEO of the DiamondProducers Association (DPA), an organization he has led since its formation in2015. Lieberherr became the DPA’s first chairman in December 2015,before taking on the role of CEO in February 2016....
|
|
|
Polished Markets
|
Oct 15, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Finds Diamond Inside a Diamond
|
|
Alrosa has recovered an unusual piece of rough featuring one diamond encased inside another,in a style similar to the traditional Russian nesting doll. The outer stone weighs 0.62 carats and contains an innercavity of 6 cubic millimeters...
|
|
|
Mining
|
Oct 06, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Board Approves Kristall Takeover
|
|
Alrosa is set to finalize its acquisition of diamondmanufacturer Kristall in a $29 million deal in October, following approval fromits supervisory board. Alrosa expects the RUB 1.89 billion sale-and-purchaseagreement to be signed by the end of the month, with a concrete...
|
|
|
Polished Markets
|
Sep 26, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Expects Kristall Merger in September
|
|
Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
|
|
|
Polished Markets
|
Sep 18, 2019
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Slide in August
|
|
Alrosa’s sales fell 38% year on year to $181.8 million in August, as weakness in the market persisted. However, the result was an improvement on last month’s$170.5 million, the miner’s weakest figure since it began releasing data in 2016....
|
|
|
Mining
|
Sep 10, 2019
|
Rapaport News
|
|
|
|
|
|
Opinion: An Urgent Call to Invest in Marketing
|
|
The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.Recent challenges have...
|
|
|
Marketing
|
Sep 09, 2019
|
Shashin Choksi & Siddharth Choksi
|
|
|
|
|
|
Alrosa Consolidating Key Mining Division
|
|
Alrosa’s supervisory board will vote Tuesday on whether to close a subsidiary that controls two of its largest mines, bringing those deposits into its core business.The Russian miner owns a 97.5% stake in Alrosa-Nyurba, which holds...
|
|
|
Mining
|
Sep 08, 2019
|
Rapaport News
|
|
|
