Activist Livia Firth Documents ‘The Diamonds of Botswana’
One well-known sustainability champion recently visited the diamond communities in Botswana and documented her journey.
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De Beers CEO Bruce Cleaver talks sales, sights, and patent suits
De Beers chief executive officer Bruce Cleaver talked with JCK Thursday 20th of February, following the release of his company’s preliminary financial results for 2019. The results were, to no one’s surprise, not very good, with total revenue falling 24% and rough diamond sales falling 26%.
Botswana and De Beers to conclude replacement deal by end of April
Botswana is set to conclude negotiations with De Beers on a diamond sales agreement that replaces the current 10-year deal, which expires in January.
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.
ALROSA’s sales of rough and polished diamonds reach $405 million in January 2020
Press release – ALROSA Group announces diamond sales results for January 2020.
Russian bank offers credit to Alrosa client
Russia’s Eximbank has started offering credit to rough-diamond buyers through a loan deal with an Antwerp-based Alrosa client, the miner said.
De Beers rough diamond sales for cycle 1, 2020
Press release – US$545 Million (provisional)
Lucara finds 549-Carat white gem diamond at Botswana Mine
Lucara Diamond Corp. has recovered an unbroken 549-carat white diamond that it says is of “exceptional purity.” The stone was recovered from the Karowe diamond mine in Botswana.
Gem diamonds unearths 183ct. rough
Gem Diamonds has recovered a white diamond weighing 183 carats at its Letšeng mine in Lesotho, the first stone over 100 carats the miner has found this year.
Graff unit signs polishing deal with Lucapa
Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.
De Beers’ full year rough diamond output slides 13% to 30,8mln
De Beers’ rough diamond output eased 13% to 30,8 million carats in 2019 compared with 35,3 million carats in 2018, according to Anglo American.
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.