The R&M “Lettre”

Rough trading improves as challenges persist. The De Beers December sight had an estimated value of $580 million with prices and box values kept relatively stable.

Company hails smooth transition from London to Gaboron. The De Beers November sight closed with an estimated value of $480 million, slightly higher than presight estimates as sightholders saw a bit more profitability in the goods on offer.

De Beers sightholders expressed frustration following the October sight as there remains little profitability or liquidity on the rough market.

Clients leave behind approximately 20% The De Beers August sight closed with an estimated value of $600 million before refusals. Sightholders reportedly refused 20 to 25 percent of the goods that were offered at the sight.

De Beers sold an estimated $600 million worth of rough diamonds at its July sight after making slight increases to prices, on average.

The De Beers June sight had an estimated value of $540 million and signaled cautious cutting center sentiment as the recent rupee depreciation has weighed on the Indian market and overall liquidity.

Among the many interesting aspects of the recent trade-press tour of ALROSA’s operations in the Yakutia Republic was the fact that it happened.

There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion.

The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond ‎prices by approximately 4 percent.

Diamond mining companies are slowly raising their production levels even as many of  the major mines continue to face operational challenges.

The De Beers April sight ended last week with an estimated value of $650 million after the company raised prices by an average 3 percent.

The most recent De Beers sight closed with an estimated value of $550 million as the company adjusted assortments to reflect higher values in its boxes.