ALROSA sells $780M of rough in Jan./Feb.
Miner keeps prices stable. ALROSA sold about $780 million worth of rough diamonds during its first two sales of the year as rough demand improved, a market source told Rapaport News.
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ALROSA estimates diamond reserves at 1.1 billion carats
Russian miner ALROSA recently announced a review of its geologic exploration in 2015, and estimated that according to Russian state clarification standards its reserves stood at 1.108 billion carats.
Rising diamond production – insights
The diamond mining sector is under pressure with production rising to peak levels at a time when rough sales are slumping and polished demand is sluggish.
Diamond market in search for fair price
The results of January sales gave grounds for both optimism and doubts. On the one hand, demand for rough in January significantly exceeded expectations, offering hope for market recovery this year.
Lucapa recovers 404 carat diamond in Angola
The stone is the largest recorded diamond find in the country. Lucapa Diamond Co. has recovered a 404.2 ct. diamond at its Lulo mine in Angola.
Lucara to hold this year’s first exceptional stone tender in April
Lucara Diamond Corp. will hold its first exceptional stone tender of 2016 from April 4 to 13 in Gaborone, Botswana.
Insights: rough market enthusiasm
Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn is sustainable.
Forevermark’s Lussier appointed chairman of the Diamond Producers Association
Stephen Lussier, chief executive officer of De Beers Group’s Forevermark brand, has taken over as chairman of the Diamond Producers Association (DPA) from Jean-Marc Lieberherr, a spokesperson for the DPA confirmed with Rapaport News.
ALROSA keeps prices stable amid stronger rough demand
ALROSA kept prices steady at its January contract sale stressing it sees no reason for prices to fall in current market conditions.
De Beers looks to bring clarity to diamond market
De Beers is to break with decades of secrecy over the state of the diamond trade as it prepares to divulge details of sales for the first time.
De Beers rough diamond sales for cycle 1, 2016
Press Release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2016.
De Beers to offer rough diamond tender at Mumbai IDTC
In a change to its usual practice, De Beers, through its online auction subsidiary Diamdel, will offer small and medium Indian diamantaires an opportunity to participate at a rough tender, according to The Times of India.