De Beers, Botswana extend sales agreement for third time
The current agreement, originally set to expire in 2020, will now go through June 2023.
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									The current agreement, originally set to expire in 2020, will now go through June 2023.
																		
									The “Diamond: from rough to brilliant” online seminar took place on June 30. Broadcast live on July 6 and 7 and available on the School of Jewelry Arts website, this conversation took place between Diren Ramsamy, Diamond Cutter at Rubel & Ménasché, and Olivier Segura, Gemmologist and Scientific Director at L’ÉCOLE, School of Jewelry Arts. […]
																		
									Press release – De Beers Group announced [June 22] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fifth sales cycle of 2022.
																		
									As Western governments and numerous consumers boycott Russian goods, scarcities look inevitable.
																		
									Sales were up 36 percent year-over-year in June and are pacing 24 percent ahead of last year at this point.
																		
									A diamond weighing more than 100 carats smashed its high estimate at Christie’s New York Wednesday [June 8], raking in $20 million.
																		
									This year could prove to be a tipping point for lab growns, say IDEX Online’s expert analysts in their new 2021 Pipeline report.
																		
									De Beers raised prices of smaller rough diamonds at its June sight in response to a strengthening market for that category.
																		
									The Indian jewelry trade is calling on the government to invest in the lab-grown diamond industry, noting the sector could contribute up to 150 million carats of polished a year.
																		
									Press release – De Beers Group [announced May 18] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2022.
																		
									The 2008 economic crisis, COVID-19, and sanctions on Russian goods have set the stage for an interesting decade for natural diamond supply.
																		
									De Beers Group continues to see strong demand for rough diamonds, with 2022 sales pacing 21 percent ahead of last year.