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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 is getting back to nature.
Press release – ALROSA, the world’s largest diamond miner by volume, reports its April 2020 diamond sales.
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 Diamond Company has recovered a 171-carat, gem-quality diamond from its Lulo alluvial mine in Angola.
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 has paused the application process for its new sightholder contract due to the impact of COVID-19 on its clients’ business operations.
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.
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 […]
What do you do when you have $180 million in diamonds and can’t sell them?
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.
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume operations amid their struggles with debt, analysts have predicted.