De Beers july sight estimated at $600M
De Beers sold an estimated $600 million worth of rough diamonds at its July sight after making slight increases to prices, on average.
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De Beers June sight estimate at $540M
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.
ALROSA 2018
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.
The diamond disconnect
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.
De Beers raises prices 4% at its $600M May sight
The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond prices by approximately 4 percent.
Increased diamond production
Diamond mining companies are slowly raising their production levels even as many of the major mines continue to face operational challenges.
De Beers raises prices 3% at $650M April sight
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.
De Beers February sight estimated at $550M
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.
De Beers January sight estimated at $550M
Prices stable as premiums improve De Beers January sight had an estimated value of $550 million as the company continued to limit supply. Prices were basically stable with slight changes made to assortments.
Premiums on DTC goods return
Demand for rough diamonds is increasing. Rough traders are competing for goods, which has driven up prices of DTC goods over the past few days.
De Beers december sight estimated at $490M
De Beers Diamond Trading Company (DTC) December sight had an estimated value of $490 million with sightholders still concerned about their ability to profit from manufacturing.
Canadian diamonds
Arguably, the Canadian diamond industry’s best years have passed. While its flagship Diavik and Ekati mines are aging, the mines being developed are not of the same scale or value. But they are among the more attractive new diamond projects out there and Canada remains a relatively unexplored diamond frontier compared with other countries.