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New IIDGR grading reports 150
De Beers Rebrands Grading Unit
The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. “[The rebranding] will make things clearer and simpler...
Polished Markets Jun 25, 2019 Rapaport News
Business Botswana
De Beers Can Do More, Botswana Group Says
A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
Mining Jun 18, 2019 Rapaport News
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
De Beers Launches Provenance Program
De Beers will allow its sightholders to disclose sourceinformation on diamonds they purchase from the company, after unveiling its “diamonds from DTC” program Monday. “We are proud of where our diamonds are discovered, how...
Rough Markets Apr 01, 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
Petra Varda Shine 150
Petra Adds Ex-De Beers Exec to Board
Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company — now DeBeers Global Sightholder...
Mining Oct 29, 2018 Rapaport News
Varda Shine
Ex-De Beers Exec Varda Shine Joins Sarine
Former De Beers executive Varda Shine is set to become anindependent director at Sarine Technologies, as the company diversifies itsboard to prepare for expanding its services.Shine (pictured) was CEO of the Diamond Trading Company – now De BeersGlobal Sightholder...
Technology Mar 28, 2017 Rapaport News
DTC Botswana Building
Botswana's Diamond Exports -61% in July
Botswana’s diamond exports fell 61 percent year on year to $260.4 ‎million ‎in ‎July ‎‎2012, ‎according to data released by the Bank of Botswana. During the ‎first ‎seven ‎months ‎of the year, the ‎country’s diamond exports...
Rough Markets Sep 02, 2012 Avi Krawitz
DTC Box
De Beers Cuts Prices by an Average of 8%
De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading ‎Company (DTC) sight this week. The sight had an estimated value of about $580 million and ‎no goods were left on the table....
Rough Markets Aug 29, 2012 Avi Krawitz
DTC Botswana Building
Botswana Rises
There was a buzz emanating from Botswana this week felt well beyond its borders as De ‎Beers launched its aggregation activities in Gaborone and Okavango Diamond Company ‎finally appointed a managing director. Considering that Botswana...
Rough Markets Aug 17, 2012 Avi Krawitz
DTC Aggregation
De Beers Shifts Aggregation to Botswana
De Beers has moved its aggregation department from London to Gaborone as part of the ‎gradual transfer of its Diamond Trading Company (DTC) operations to Botswana. ‎‎“As De Beers shifts more and more of its sales operations to Botswana...
Rough Markets Aug 14, 2012 Avi Krawitz
De Beers Rough
Toby Frears Appointed Head of Okavango Diamond Company
Botswana’s state-owned Okavango Diamond Company (ODC) appointed Toby Frears, a former De Beers executive, its first managing director as the company plans to launch trading ‎in Gaborone by the second quarter of 2013.‎‎“The appointment of Mr. Frears...
Rough Markets Aug 13, 2012 Avi Krawitz
Jwaneng Mine, Botswana
Lower Diamond Production
Predicting the diamond market can be tricky at times, particularly for those on the supply ‎side of the pipeline. Miners, generally loath to scale down operations, have ‎understandably been treading cautiously in 2012.‎The pledge made last...
Mining Jul 27, 2012 Avi Krawitz
Jwaneng Operations
De Beers Profits, Sales Slump in 1H
De Beers reported that net earnings slumped 44 percent year on year to $386 million in the first half of 2012 as ‎rough diamond demand fell in difficult trading conditions. Group sales declined by 14 ‎percent to $3.35 billion while sales...
Mining Jul 20, 2012 Avi Krawitz
De Beers Rough
Losing Sightholders
It may have taken a downturn to prove it, but Diamond Trading Company (DTC) sightholders ‎are sensing that the game has changed. As a result, there was an underlying anger emanating ‎from this week’s DTC sight...
Rough Markets Jul 20, 2012 Avi Krawitz
DTC Box
DTC July Sight Estimate at $420M‎
The Diamond Trading Company's (DTC) July sight had an estimated value of $420 million before ‎deferments or ex-plan, as De Beers reduced prices slightly. At press time, DTC sightholders were expected to ‎reject goods to be offered, which would...
Rough Markets Jul 19, 2012 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
Shrenuj Botswana Diamond Factory
Botswana's Diamond Exports -36% in May
Botswana’s diamond exports fell 36 percent year on year to $324 million in ‎May ‎‎2012, ‎according to data released by the Bank of Botswana. During the first five ‎months ‎of the year, the ‎country’s diamond exports declined...
Rough Markets Jul 08, 2012 Avi Krawitz
De Beers Rough
Supply Versus Profit
The first half of 2012 ended in a state of despair for the diamond industry. Prices have ‎softened and trading is muted all around. De Beers and ALROSA have reduced supplies but ‎maintained high prices, despite...
Polished Markets Jun 29, 2012 Avi Krawitz
DTC Box
DTC to Allow Deferments as Rough Market Chokes
The Diamond Trading Company (DTC) has informed its sightholders that they can defer ‎goods at the next DTC sight as diamond cutters face tight liquidity and low profit margins. ‎Sightholders may reschedule...
Rough Markets Jun 28, 2012 Avi Krawitz
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