Due to the public health restrictions on the movement of people and product in Botswana, South Africa and India, which prohibit customers from traveling and prevent the shipment of goods to customers’ international operations, De Beers Group will not hold its third Sight of 2020.
Due to the lockdown of many countries due to the pandemic of the new coronavirus COVID-19, ALROSA decided to hold an online auction for the sale of special diamonds (over 10.8 carats), which runs from March 23 to April 6.
De Beers is allowing sightholders unlimited deferrals at its upcoming rough-diamond sale as manufacturing closures have obliterated demand, market sources told Rapaport News.
Gem Diamonds announced a sharp fall in profits for 2019 as it recovered fewer carats and sold them at lower prices.
Press release – ALROSA announces rough and polished diamond sales results for February 2020.
Press release – ALROSA takes further action to support long-term customers amid global market uncertainty.
Reforms to Angola’s diamond industry have boosted the country’s tax revenue by 42% over the past two years, according to national diamond-trading company Sodiam.
Gem Diamonds has recovered five large, high-quality stones at its Letšeng mine in Lesotho, it said Friday 6th March.
Press release – US$355 Million (provisional)
The Indian diamond industry is facing an uncertain future with multiple challenges to tackle simultaneously. When diamond mining major De Beers reported the sale of $545 mln worth of rough diamonds in the first sales cycle of this year after a difficult 2019, it was an indication that the industry is on a recovery path.
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.
Sales climbed 9 percent in 2019 for Lucara Diamond Corp. and it again recovered more than 30 stones weighing more than 100 carats from its Karowe mine in Botswana.