(IDEX Online) - Alrosa's sales of rough and polished diamonds soared by a third in the last quarter of 2020, up to $1.22bn (q-on-q).The Russian state-owned miner reported average realized prices in Q4 were down by 38 per cent to $67.40 per carat q-on-q.But by the end of the year demand for for rough diamonds had become strong and stable, it said in its Q4 and 12M 2020 operating results, "driv...Read More
Optimism fueled by upbeat US demand and rising expectations for Feb. 12 Chinese New Year. Polished scarcities supporting prices. Rough market robust as De Beers raises prices by estimated 5%, Alrosa by 7%. Cutters increasing production after buying high volume of rough. Alrosa 4Q sales volume +107% to 17M cts. De Beers cuts sightholder list for new contract period, prioritizes clients with factori...Read More
RAPAPORT... Sales at Alrosa showed a strong recovery in the fourth quarter of 2020 amid holiday demand and a rise in activity at Indian diamond manufacturers.Revenue from rough diamonds grew 29% year on year to $1.14 billion, the company reported Thursday, as a release of pent-up demand enabled the Russian miner to offload goods that had been unsellable earlier in the year. The company's roug...Read More
(IDEX Online) - Petra reported an eight per cent slip in gross revenue for the six months to December 2020, down to $178m.But it said like-for-like prices at its tender earlier this month - 382,000 carats of rough sold for $30.5m - were up by eight per cent, and had returned to pre-COVID-19 levels. It raised $40m from the sale of the 85.6-ct Letlapa Tala Collection of blue diamonds (pic...Read More
RAPAPORT... The Women's Jewelry Association (WJA) has chosen Susan Chandler, the chief merchandising officer for Citizen Watch America, as president-elect of its international board of directors. She will serve in the position during the term of office that runs from 2022 to 2023. In her role at WJA, Chandler will help foster community, connection and collaboration within the trade, the assoc...Read More
RAPAPORT... Richemont's jewelry sales increased 9% year on year in the third fiscal quarter as strong growth across most of its global network offset weakness in the European market.Jewelry proceeds from Cartier, Van Cleef & Arpels and Buccellati rose to EUR 2.37 billion ($2.87 billion) in the three months ending December 31, Richemont said Wednesday. The company saw strong consumer demand for...Read More
RAPAPORT... Everledger has partnered with three major industry organizations to offer traceability for a 30-carat diamond from the Karowe mine in Botswana.The technology company teamed up with India-based manufacturer Hari Krishna Exports, miner Lucara Diamond Corp., and the Gemological Institute of America (GIA) to share provenance details for the stone on its blockchain platform, the compan...Read More
(IDEX Online) - Exports of polished diamonds from India surged last month, up almost 40 per cent year-on-year, as recovery from the pandemic continued. Foreign sales for December 2020 totaled $1.74bn, up from $1.25bn, according to the Gems and Jewellery Export Promotion Council. It's the first month since Covid hit that the industry has outperformed the same month last year. At it...Read More
(IDEX Online) - Rio Tinto's diamond production was down almost 14 per cent last year as it prepared to close the Argyle mine, in Australia.Diavik, in Canada, saw year-on-year production down seven per cent to 3.7m carats in 2020. But output at Argyle, the source of 90 per cent of the world's pink diamonds, fell by almost 16 per cent, from 13m carats to 10.9m carats.The mine reached the e...Read More
RAPAPORT... Rio Tinto's diamond production fell in 2020 as the miner reduced output from its Argyle site in Australia in preparation for its shutdown.Total production slid 14% to 14.7 million carats for the full year, the company said Tuesday. Output at Argyle dropped 16% to 10.9 million carats, with the miner retrieving the last rough before the deposit's closure on November 3.Rio Tinto's share o...Read More
(IDEX Online) - Alrosa says it is maintaining a zero-buyout obligation at its current training period, despite the recovery in midstream demand.The Russian state-owned miner sold $521m of rough and polished in December - the highest figure for over two years - but says it remains committed to the "long-term health and stability" of the industry.It's the seventh consecutive month that Alrosa h...Read More
Stock quotes of diamond mining companiesCompanyStockExchangeTickerPriceper shareChange(%)Market capitalization(in local currency and USD)ALROSAMICEX- RTSALRS75.200RUB0.000%553,845,415,376.00RUB9,784,926,219.00USDALROSA-NyurbaMICEX- RTSALNU163,000.000RUB0.000%130,400,000,000.00RUB2,303,809,589.00USDAfri-Can Marine MineralsCVE-AFAAFA0.000CADnan%0.00CAD0.00USDDiamond Fields International Ltd.TSX Vent...Read More
RAPAPORT... Rough-diamond prices at Petra Diamonds' January tender rose 8% on a like-for-like basis, returning to levels seen before Covid-19, the miner said Tuesday.The tender included about 382,000 carats of rough mined during the first fiscal half that ended December 31. Those stones yielded $30.5 million. "The improvement in the market...is very encouraging, and will provide some support as we...Read More
RAPAPORT... Diamonds Do Good (DDG) has named Rebecca Foerster as its new president. She will succeed Anna Martin, who is departing after a four-year term.Foerster, who is the president of Alrosa's US operations, was elected to the position after having served on the DDG board for 10 years and on its executive committee for the past four years, the organization said last week."I am very confident R...Read More
RAPAPORT PRESS RELEASE, January 19, 2021, New York... The Rapaport Group has released its Diamond Price Statistics Annual Report for 2020, evaluating the performance of polished-diamond prices. The report provides an in-depth analysis of the past year's trends, and compares the price changes within specific diamond categories.The Rapaport Diamond Index (RDI?,,?), which tracks changes in the R...Read More
RAPAPORT... Diamond jewelry is the most desired tangible luxury product among consumers under the age of 40, second only to vacations, according to a survey by the Natural Diamond Council (NDC).The majority of demographic groups picked vacations as the luxury item they would most want to buy or receive if money were no object, the NDC said Friday. Female purchasers and male recipients were th...Read More
RAPAPORT... The American Gem Society's (AGS) annual Conclave will return this year, with a live event in Dallas, Texas.The event will take place from September 12 to 14 at the Sheraton Dallas Hotel, AGS said last week. The event was originally set to run in Louisville, Kentucky, in April, but was postponed due to Covid-19. AGS scrapped the 2020 edition altogether.AGS will feature peer-to-peer lear...Read More
RAPAPORT... Sales at Luk Fook slid in the third fiscal quarter as a slump in the Hong Kong market outweighed a recovery on the mainland.Group-wide same-store sales - at branches open for at least a year - fell 29% year on year during the three months ending December 31, the retailer reported last week. Same-store sales in China rose 4% as the country brought the pandemic under control and gold pri...Read More
(IDEX Online) - Lucara has announced the recovery of an unbroken 341-carat diamond at Karowe in Botswana, bringing the mine's tally of stones over 200-carats to 54 since 2015.Earlier this month the Canadian miner had its lease on the deposit extended for 25 years, clearing the way for a major $500m underground expansion program.The top white gem quality diamond (pictured) was recovered over t...Read More
(IDEX Online) - De Beers has reportedly raised rough diamond prices by as much as five per cent at its first Sight of 2020.Insiders indicate that most of the increases affect stones over one carat, according to a Bloomberg news report. The scale of the price hike, described as the biggest in years, has surprised many within the industry. De Beers dropped its prices and started offering d...Read More