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The rough market is buoyant after yet another price increase by De Beers, leaving many in the trade scratching their heads. Goods are selling at strong premiums on the secondary market — double-digit percentages in some categories — as manufacturers continue to boost production after the past year’s coronavirus-induced stoppages.
Alrosa has unveiled a new diamond tracking system that uses nanotechnology to engrave gems, potentially allowing them to be traced from the mine all the way to the consumer.
Consumer desire for diamond jewelry remains strong while midstream demand in India is returning, the companies said.
De Beers has lifted rough-diamond prices for the fifth time in eight months as the market continues to surge.
Alrosa lifted prices at its latest monthly contract sale as the rough market continued to see strong demand and limited supply.
Press release – ALROSA reports preliminary rough and polished sales results for June 2021.
Press release – De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fifth sales cycle of 2021.
A few days after Lucara Diamond discovered yet another 1,000-plus ct. diamond at its Karowe mine (pictured) in Botswana, the company announced it has received 38 million Canadian dollars (about $30.9 million) in new funding.
From exclusionary marketing to a lack of eco-friendly options, here’s why the company’s new transformation plan misses the mark.
Now, it will cater to mid-range luxury brands.
Polished diamond prices are on a near year-long rally, rising more than 18% since last July when they hit a record low.
Hans Merket, a researcher with the International Peace Information Service (IPIS), says he didn’t go into Tanzania expecting to learn about people getting hurt and killed. His group simply wanted to measure how mines were viewed by surrounding communities.
