De Beers rough diamond sales for cycle 2, 2020
Press release – US$355 Million (provisional)
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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.
De Beers reveals overhaul of sight system
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.
Lucara found 31 diamonds over 100 carats last year
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.
De Beers lets sightholders defer Chinese goods
De Beers has allowed clients to forgo buying certain rough diamonds at the week’s of 24 February sight, as the coronavirus outbreak has raised concerns about a polished glut.
ALROSA meets with clients ahead of March trading session
Press release – ALROSA met in Antwerp with its long-term clients and representatives of the Antwerp World Diamond Center (AWDC) to discuss the current market situation and potential scenarios, as well as the needs of rough diamond buyers – the key issue for whom was to receive assurances of purchasing flexibility.
Activist Livia Firth Documents ‘The Diamonds of Botswana’
One well-known sustainability champion recently visited the diamond communities in Botswana and documented her journey.
De Beers CEO Bruce Cleaver talks sales, sights, and patent suits
De Beers chief executive officer Bruce Cleaver talked with JCK Thursday 20th of February, following the release of his company’s preliminary financial results for 2019. The results were, to no one’s surprise, not very good, with total revenue falling 24% and rough diamond sales falling 26%.
Botswana and De Beers to conclude replacement deal by end of April
Botswana is set to conclude negotiations with De Beers on a diamond sales agreement that replaces the current 10-year deal, which expires in January.
Alrosa puts lower-value mines on hold
Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and external challenges, its CEO said.
ALROSA’s sales of rough and polished diamonds reach $405 million in January 2020
Press release – ALROSA Group announces diamond sales results for January 2020.
Russian bank offers credit to Alrosa client
Russia’s Eximbank has started offering credit to rough-diamond buyers through a loan deal with an Antwerp-based Alrosa client, the miner said.
