ALROSA unearths 103-carat diamond at Jubilee pipe in Russia
Russia’s ALROSA has discovered a 102.85-carat diamond with a moderate yellowish hue at its Jubilee kimberlite pipe that is thought to be worth more than $480,000.
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Large rough diamond sells for nearly $20M
A 357-carat white diamond recovered at the Letšeng mine in July has sold for $19.3 million.
Dominion Diamond lowers prices as sales, profits fall
Sales and profits have plunged at Dominion Diamond, the world’s third-largest diamond producer, and the company has followed other producers and lowered prices in August.
Russia outshines Botswana as world’s top diamond producer in 2014
Global diamond output grew 4 percent in value last year to $14.5 billion as the average price per carat jumped 8 percent to $116.17
Lucara releases first images of 336 carat diamond
Lucara Diamond Corp. has released the first images of the Type IIa 336 ct. diamond it uncovered in mid-August.
De Beers price cuts could top 10% at sight
De Beers reduced prices at this week’s sight by as much as 10.7 percent on some goods, Rapaport has been told.
Diamond industry crisis worsens: De Beers allowing large deferrals, India sees defaults, suicides
In an unprecedented move and a sign of the diamond industry’s deepening crisis, De Beers is letting sightholders put off buying up to 75 percent of their allocations at its August sight.
Diamonds from Zimbabwe affect the market stronger than you think
In recent months, industry members and experts have taken quite a lot of pains trying to figure out the cause of stagnation in the diamond market. By all appearances, the diamond market “fundamentals” promise a bright future for the industry
De Beers Production Down 6% in Q2; H1 Rough Sales Down 26%
Anglo American plc today (Thursday) announced that De Beers’ diamond production dropped by 6 percent to 8 million carats during the second quarter, ended June 30. Results for the first six months of the year also showed a decline of 3 percent, from 16 million carats in 2014 to 15.6 million carats in the first […]
ALROSA’s 1H rough diamond sales drop 22%: quick take
2Q operations update. ALROSA sold 18 million carats of rough diamonds for $2.1 billion in the first half of 2015, representing a significant decline from a year earlier.
De Beers sightholders reject most goods at $200M sight
The De Beers July sight closed with an estimated value of $200 million with the amount of goods left on the table estimated to have exceeded 65 percent of the initial sight value. De Beers reportedly kept overall diamond prices and assortment quality stable.
Sightholders can defer 25% of De Beers July supply
De Beers will allow sightholders to defer as much as 25 percent of their supply at next week’s sight as rough diamond sales continue to slide.