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De Beers Cuts Clients, Keeps More Goods in Africa
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De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers...
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Rough Markets
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Jan 17, 2021
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Joshua Freedman
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Alrosa December Sales Highest Since 2018
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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...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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Top Miners Release Dates of 2021 Rough Sales
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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...
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Rough Markets
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Dec 28, 2020
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Rapaport News
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De Beers Sales Increase Again
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De Beers’ rough sales rose in December, albeit at a slower rate than in previous months, as steady retail demand ahead of the holidays supported trading at the rough and polished levels.The final sales cycle of the year brought...
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Rough Markets
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Dec 17, 2020
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Rapaport News
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De Beers Raises Prices at December Sight
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De Beers lifted prices of select goods at last week’s sight, reflecting strong rough trading and improving demand in the corresponding polished categories, industry insiders told Rapaport News.Prices climbed by 1% to 2% for 0.75-carat rough goods and...
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Rough Markets
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Dec 14, 2020
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Joshua Freedman
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Alrosa Sales Continue to Grow
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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,...
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Rough Markets
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Dec 10, 2020
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Rapaport News
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Alrosa Sales Continue Upward Trend
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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%...
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Rough Markets
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Nov 10, 2020
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Rapaport News
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Rough Demand Jumps at Mountain Province Sale
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Mountain Province recorded its largest open-market sale to date as rough-diamond demand returned ahead of the holiday season.The miner sold 559,528 carats for $34.3 million at last month’s tender in Antwerp, averaging $61 per carat,...
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Rough Markets
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Nov 03, 2020
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Rapaport News
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Alrosa Extends Supply Contract to March 2021
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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...
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Rough Markets
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Oct 25, 2020
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Rapaport News
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Alrosa Upbeat as Diamond Sentiment Improves
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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...
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Mining
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Oct 18, 2020
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Rapaport News
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Alrosa Cancels October Rough Sale
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Alrosa will not hold a rough trading session in October in an effort to avoid releasing too many goods during a fragile recovery in the diamond market. The Russian miner will combine its October and November sales,...
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Rough Markets
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Oct 15, 2020
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Rapaport News
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De Beers September Sales Soar 57%
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De Beers has registered its highest sales total since January, as rough demand has improved ahead of the fourth-quarter holiday season.The company sold $467 million of rough during its September sales cycle, the eighth...
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Polished Markets
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Oct 14, 2020
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Rapaport News
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Alrosa Sees Continued Improvement in Sales
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Alrosa’s sales rose for a second consecutive month in September as manufacturers returned to buying following a lengthy period of inactivity.Revenue from diamonds grew 30% year on year to $336 million, with rough sales up 28% to $328.2 million, the...
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Rough Markets
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Oct 11, 2020
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Rapaport News
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De Beers Reduces Prices of Smaller Rough
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De Beers lowered prices of rough diamonds below 1 carat as the positive sales momentum that began last month continued during this week’s sight, sightholders told Rapaport News.The reductions for the September sight are...
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Rough Markets
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Sep 23, 2020
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Joshua Freedman
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Rough Sales Pick Up as Market Begins Rebound
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Miners have seen “encouraging” signs of recovery in the diamond market as they resume rough sales following an extended period of weak demand.Mountain Province garnered $8.9 million from the sale of 210,661 carats from its Gahcho...
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Mining
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Sep 22, 2020
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Rapaport News
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Gem Diamonds Incurs First-Half Loss
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Gem Diamonds fell into the red in the first half of 2020 as the coronavirus crisis froze the rough market and restricted the company’s sales.The net loss of $113,000 — compared with a $9.7 million profit...
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Mining
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Sep 06, 2020
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Rapaport News
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Rough-Market Momentum Set to Continue
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The resurgence in rough-diamond trading will persist for another two months as manufacturers fill supply shortages and retail demand rises, dealers predicted.“There’s still a gap, because demand is there, and supply is very limited and...
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Rough Markets
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Sep 03, 2020
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Joshua Freedman
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Alrosa Allows 100% Refusals at August Sale
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Alrosa will enable long-term clients to refuse all their supply allocations at this month’s contract sale, continuing the policy it introduced in July.“We should admit that we are at the very beginning of the market recovery, which...
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Rough Markets
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Aug 18, 2020
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Rapaport News
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Alrosa Nearing Inventory Deal with Govt.
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Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
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Rough Markets
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Aug 06, 2020
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Joshua Freedman
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India Urges ‘Self-Discipline’ from Rough Buyers
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Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
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Rough Markets
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Aug 02, 2020
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Rapaport News
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