Two more big diamonds discovered
London – The large diamond finds continue, with mining company Petra Diamonds Ltd. recovering a 23.16-carat pink and Lucara coming up big again with two more exceptional stones.
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De Beers sets dates for 2016 sights
De Beers has announced the dates of its sights in 2016: Sight 1: Monday January 18 – Friday January 22 Sight 2: Monday February 22 – Friday February 26
1,111-carat diamond found in Botswana
Vancouver, B.C. – Lucara Diamond Corp. President and CEO William Lamb knew that it was either very good or very bad news when his phone rang at 1:28 a.m. Monday morning Vancouver time.
De Beers November sight slumps to estimated $70M
De Beers recorded one of its smallest ever contract sales in November as last week’s sight closed with an estimated value of $70 million. The rough diamond supplier kept prices stable and enabled extra flexibility due to the slump in sightholder demand.
IDMA’s Shkadov calls for diamond price stability
Expects manufacturing recovery in 2H 2016. Rough diamond prices need to come down by 15 percent but the market needs to stabilize first, Maxim Shkadov, president of the International Diamond Manufacturers Association (IDMA) told Rapaport News.
Waddling forward, will sight 9 total less than $100 million?
A quick note before Sight 9 – it’s going to be small, but it will take place. De Beers is adapting to the market, or as some may say, they are playing it by ear. The company is trying to meet the changing needs of its clients. Sadly, these changing needs seem mostly like detrition.
De Beers enables 100% deferrals at November sight
Low rough diamond demand expected through 4Q. De Beers will allow sightholders to defer their entire November allocations until December as diamond manufacturers remain under pressure from weak market conditions.
De Beers October rough sales reflect depressed diamond market
De Beers sightholders refused about half of their allocated supply last week, reducing the estimated value of rough sold at the sight to $200 million.
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.
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