Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
It is high time to continue our long series on gem producers! We have reached a time of undeniable changes in the diamond industry, and the position of the producers is… chaotic.
Press release – The De Beers Group of Companies today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2016.
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.
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.
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.
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.
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 Diamond Corp. will hold its first exceptional stone tender of 2016 from April 4 to 13 in Gaborone, Botswana.
Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn is sustainable.
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 kept prices steady at its January contract sale stressing it sees no reason for prices to fall in current market conditions.
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.