Alrosa CEO Sergey Ivanov reportedly leaving
Sergey Ivanov, CEO of Alrosa and a target of US sanctions, is stepping down from his position at the Russian miner, according to a local news outlet.
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Sergey Ivanov, CEO of Alrosa and a target of US sanctions, is stepping down from his position at the Russian miner, according to a local news outlet.
Melee goods — and the rough that produces them — are outperforming larger sizes due to strong luxury demand and a supply squeeze.
Rio Tinto has forecast a sharp drop in rough-diamond output for next year as the Diavik mine edges closer to depletion.
For the last few years, the lab-grown diamond sector has led a mostly charmed existence. Demand kept rising, particularly in the United States, as the business benefited from growing consumer acceptance and all the factors that boosted the industry during the COVID-19 pandemic.
Lucara Diamond Corp. and Belgian manufacturer HB Trading have signed a sales agreement that will see the pair partner on large stones through December 2032.
Last September, I wrote an article on lab-grown diamond prices, where I quoted an “industry veteran” as saying that, with lab-grown diamonds being sold at 90% off the Rapaport list, “what’s lower than that? 100%?”
As in September, the company’s sales were up slightly year-over-year but down month-to-month
It follows a few other notable fancy color diamonds at auction this fall, with mixed results.
Press release – De Beers Group [announced Novemebr 16 ] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2022.
Botswana’s president Mokgweetsi Masisi is said to have rebutted a report in Botswanan newspaper Sunday Standard that said the country was “ditching De Beers” and planned to sell all its larger diamonds to rival miner Lucara.
Press release – De Beers is proud to announce Lupita Nyong’o as its first Global Ambassador. The Academy Award-winning actor stars in the new brand campaign, De Beers: Where It Begins, which tells the story of the only global luxury brand that starts at the source.
The success of the synthetic and natural diamond markets depends largely on the narrative of the retail jeweler. Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler’s sales pitch?