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.
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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.
Rough diamond market stand-off may yet prove costly – Insights
Now that 2015 is coming to an end, mining companies are reportedly preparing to reduce rough diamond prices in January. Having held off from doing so in the fourth quarter of this year, the industry may be missing an opportunity to capitalize on an expected seasonal improvement in polished demand at the beginning of 2016.
Rough producers may cut prices further: Moody’s
Rough diamond producers will have to slash prices further as a 28 percent slump from a peak in 2014 may be insufficient to revive demand, according to Moody’s Investors Service.
De Beers to cut 2016 production amid Anglo American overhaul
De Beers expects diamond production to fall to between 26 and 28 million carats in 2016 from 29 million carats this year as the mining giant outlined its view of the “stock crisis” affecting the industry.