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
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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.
The diamond austerity
The diamond industry keeps facing hardships that call for a serious bailout plan, and diamond mining companies are starting to respond to the crisis with measures that will provide relief, albeit temporary.
Indian diamond traders say no to rough diamond ban
The Indian diamond trade has decided against implementing a ban on rough diamonds. Citing the wellbeing of the workforce as the first priority of the trade, lthe 250 diamond exporters who met today agreed that the situation will be monitored for a month
India industry mulling rough diamond ban
A referendum is to be held tomorrow (July 7) over the issue of completely banning rough diamond imports into India for at least a month. According to reports in the Times of India (TOI), some 200 top exporters from Surat and Mumbai are set to meet to vote on the issue.