RapNet


Rapaport News

 

Search Results

   
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
BDB
India’s Diamond Shipments Decline
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...
Polished Markets Feb 26, 2020 Rapaport News
Rough diamonds De Beers
Virus Likely to Impact Demand at De Beers Sight
De Beers and its clients expect a slowdown in rough-diamond sales at the company's Botswana sight this week amid concerns about the coronavirus.“It’s fair to say there will be an impact on rough demand in the short term,” De Beers...
Rough Markets Feb 25, 2020 Joshua Freedman
De Beers rough and polished
De Beers Optimistic After 2019 Earnings Slump
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns about Chinese demand.Early data from the holiday season indicate midstream stock levels are more balanced...
Mining Feb 20, 2020 Rapaport News
Arosa IDWI
Alrosa Puts Lower-Value Mines on Hold
Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and external challenges, its CEO said.The Russian miner placed on care and maintenance select alluvial mines that...
Mining Feb 12, 2020 Joshua Freedman
AGD
Grib Diamonds Taps New Rough Source
Grib Diamonds has started buying rough in Angola, as a new company structure has enabled it to diversify beyond its one mine in Russia.The Antwerp-based company, which markets most of the Grib deposit’s diamonds, is looking to source goods...
Rough Markets Feb 09, 2020 Joshua Freedman
Alrosa Udichniy Mine
Alrosa Reveals Client List for 2020
Alrosa has named 58 companies that qualify for its long-term rough supply in 2020.The annual reshuffle saw the mining company remove Belgium-based Blue Gems and Russia’s EPL Diamond from the roster, while...
Rough Markets Feb 06, 2020 Joshua Freedman
De Beers
De Beers Sales Rise to Nine-Month High
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...
Rough Markets Jan 29, 2020 Rapaport News
De Beers rough
De Beers Plans Overhaul of Supply Policy
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...
Rough Markets Jan 23, 2020 Joshua Freedman
Sewelo diamond
Louis Vuitton Buys 1,758ct. Diamond from Lucara
Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front...
Rough Markets Jan 16, 2020 Rapaport News
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
Rough Markets Jan 15, 2020 Joshua Freedman
Store in NY diamond district
US Trade Slowdown Continues
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%...
Polished Markets Jan 13, 2020 Rapaport News
Lucara
Lucara Tender Beats Expectations
Lucara Diamond Corp. achieved higher sales than itexpected at its final tender of the year as market stabilization drove anincrease in rough prices.The owner of the Karowe mine in Botswana brought in $52.9million, 16% above its prediction,...
Mining Dec 19, 2019 Rapaport News
De Beers diamonds on glass table
De Beers Rough Prices Decline 5% in 2019
A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American. The miner’s rough-price index fell around 5% year onyear for the first...
Mining Dec 16, 2019 Rapaport News
Rough and polished diamonds
Pressure on Diamond Midstream Likely to Increase
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...
Polished Markets Dec 12, 2019 Joshua Freedman
Jwaneng
De Beers Lowers 2020 Production Forecast
De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
Mining Dec 11, 2019 Rapaport News
De Beers sightholder
De Beers Ends Special Supply Measures
Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
Rough Markets Dec 05, 2019 Joshua Freedman
Rough diamonds
Rough Slowdown Weighs on Asian Star
Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
Manufacturing Nov 18, 2019 Joshua Freedman
Orapa De Beers
De Beers Announces 2020 Sight Schedule
De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will...
Rough Markets Nov 18, 2019 Rapaport News
Polished diamonds
India Polished Exports Drop
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...
Polished Markets Nov 14, 2019 Rapaport News
Analyzing rough at KGK Botswana
Rough Market Picks Up at De Beers Sight
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...
Rough Markets Nov 13, 2019 Joshua Freedman
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us