India trade urged to freeze rough imports
India’s leading diamond-trade organizations have called on members to stop importing rough for at least a month to prevent an oversupply and ensure banks maintain their credit to the sector.
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India’s rough choice: an import moratorium?
Stuart Brown, the ex-joint managing director of De Beers, and current CEO of Canadian miner Mountain Province Diamonds, made an amazing statement in a Financial Times article, stating the very obvious: “We need India to open up. Until the manufacturing opens up there, there will be no demand for rough diamonds.”
ALROSA to increase spending on preventing the COVID-19 spread to $4.2 mln
Press release – ALROSA increases its spending on fighting the spread of COVID-19. As of April 14, the respective budget stood at around $4.2 million (RUB 308 million), with procurement already in progress for about 80 percent of the total.
ALROSA’s sales of rough and polished diamonds reach $152.8 million in March 2020
Press release – ALROSA, the world’s largest diamond miner by volume, reports its March2020 diamond sales.
5 interesting facts you might not know about diamonds
Last week (30th March), I wrote a blog post containing a list of 10 jewelry-related movies to watch while you’re safe at home to give both myself and our readers a break from coronavirus-related news.
De Beers Group contributes $2,500,000 across Botswana and Namibia to support Covid-19 response
Press release – De Beers Group today announced that it will contribute $2,500,000 across Botswana and Namibia to aid the response to the COVID-19 crisis.
Webinar: the Rapaport Price List
Martin Rapaport, chairman of the Rapaport Group, explained how the Rapaport Price List works during a webinar this week.
Alrosa allows clients to defer all purchases
Alrosa is allowing full flexibility at this week’s monthly rough-diamond sale, enabling long-term clients to delay purchases until later in the year due to the current weak market.
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.
De Beers enables 100% deferrals at March Sight
De Beers is allowing sightholders unlimited deferrals at its upcoming rough-diamond sale as manufacturing closures have obliterated demand, market sources told Rapaport News.
Sharp fall in profits at Gem Diamonds
Gem Diamonds announced a sharp fall in profits for 2019 as it recovered fewer carats and sold them at lower prices.
