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Diamond Services said it is expanding its synthetic screening service for rough diamonds at its facilities in Hong Kong and New York as evidence continues to mount about a surge in the volume of uncut synthetic diamonds entering the marketplace.
Andrey Zharkov will resign as president of ALROSA, a source close to the Russian diamond miner said. Zharkov’s three-year term as president expires in May 2018, but the timing of his departure is unclear, the source said in an email to Rapaport News on Tuesday.
Profit more than doubled for De Beers last year as trading conditions in the diamond-manufacturing sector improved and inventory levels stabilized.
ALROSA is planning to launch marketing programs promoting Russian-mined diamonds, chief executive officer Andrey Zharkov said Monday.
Press Release – Public Joint Stock Company ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for January 2017.
De Beers will start piloting fixed-price forward contracts for its auctions business next month to offer more certainty over prices of rough diamonds.
As I write this, I am on an Amtrak train bouncing, tilting and clattering its way to Washington, D.C., where I have been invited to the inauguration as a personal guest of our 45th president, Donald J. Trump.
De Beers will offer its clients concessions for a second consecutive buying cycle in a bid to support the market, according a Bloomberg report, citing anonymous sources reportedly familiar with the information.
The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, Bloomberg reported.
Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015.
ALROSA’s rough diamond resources fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based miner reported.
AWDC and Bain & Company noted in their 2016 global diamond report that rough-diamond revenues declined by 24 percent in 2015 as the midstream segment sold down accumulated inventories.