The R&M “Lettre”

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International diamond industry news
Major events from the world of fine jewelry
New outlooks and developments in ethics
Monitoring of R&D, marketing and legislation…
Results from long-standing partnerships with the industry’s biggest news websites

De Beers Group Covid-19 update: cycle 3 rough diamond sales

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.

ALROSA sells large diamonds online

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. 

Can the Indian diamond industry survive the current crisis?

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.