DPA to rebrand, abandon ‘Real Is Rare’
The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.
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The Strategy Committee of ALROSA Supervisory Board recommends downward revision of 2020 production guidance
Press release – The Strategic Planning Committee of ALROSA’s Supervisory Board consisting of Supervisory Board members nominated by the Company’s key shareholders and also of independent directors reviewed options to cut spending and optimise production as proposed by the management and recommended that the management be guided by proposals envisaging lower output.
Sally Morrison becomes De Beers’ PR director for natural diamonds
Sally Morrison is getting back to nature.
ALROSA minimizes sales of rough and polished diamonds in April
Press release – ALROSA, the world’s largest diamond miner by volume, reports its April 2020 diamond sales.
10 Questions with De Beers CEO Bruce Cleaver
Late last month, leaders of the gem and jewelry industry in India called on their members to pause rough diamond imports for 30 days, starting today, as the world continues to grapple with COVID-19.
Lucapa unearths 171ct. rough at Lulo
Lucapa Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.
De Beers launches online rough-sales platform
De Beers has launched an e-commerce site that lets clients buy rough on demand, creating an opportunity for sales during the weak market.
De Beers suspends applications for sight contracts
De Beers has paused the application process for its new sightholder contract due to the impact of COVID-19 on its clients’ business operations.
Don’t ban rough buying, De Beers urges
De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company won’t require them to buy in the weak market.
Rough market faces its toughest year yet
As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium on rough buying. Ultimately, it helped the local trade realign inventory and gain market share while other manufacturing […]
How Dominion Diamond was bled Canada-Dry
What do you do when you have $180 million in diamonds and can’t sell them?
Podcast: How the pandemic is changing De Beers
Interview with Stephen Lussier and David Prager. The diamond industry will need to tweak its messaging to emphasize the values its product and brands represent, De Beers executives stressed in the Rapaport Diamond Podcast.