Industry News

January 30, 2020

Graff-owned diamond manufacturer Safdico will cut and polish a portion of rough from the Lulo mine through a partnership with Lucapa Diamond Company.

Safdico will have the rights to buy up to 60% of Lulo’s annual rough production under the terms of Angola’s new reform...

January 30, 2020

Trans Atlantic Gem Sales (TAGS) recently held a rough diamond tender in Dubai from the 22nd to the 27th January 2020.


The first Rough Diamond Tender of 2020 took place in the Almas Tower, Dubai between the 22nd and 27th January.


Due to Christmas and New Year holidays,...

January 30, 2020

De Beers has refuted reports that it is currently negotiating with Angola’s Endiama for a possible return to the southern African country. 


“De Beers Group does not have operations in Angola and is not currently involved in such negotiations,” group spokesperson David...

January 26, 2020

De Beers’ sales fell 8% by volume last year amid a slowdown in the rough-diamond market and weak demand from the manufacturing sector.

The miner sold 30.9 million carats of rough, compared with 33.7 million carats in 2018, as clients bought fewer stones due to an over...

January 26, 2020

ALROSA presented preliminary operating results for the 4th quarter and 12 months of 2019.


According to the company, in the 4th quarter of 2019, diamond production amounted to 8.8 million carats, 27% lower compared to the previous quarter and 15% lower compared to the p...

January 26, 2020

Sales of rough diamonds at Mountain Province fell 13% in 2019 as a glut in the midstream led to a challenging market.

The company’s sales from its Gahcho Kué mine in Canada slipped year on year to $208.2 million in 2019, it said last week. Although sales volume inched...

January 26, 2020

De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.

The move, which would go into effect from 2021, would see the miner shift to more subjectiv...

January 26, 2020

DelGatto Diamond Finance will provide funding directly to customers of rough and polished tender operator Koin International.

“All buyers can obtain financing,” DelGatto founder Chris Del Gatto told Rapaport News Wednesday. “It will be up to them if they want to reach...

January 22, 2020

BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and a higher average price, the miner said Tuesday.

The improvement was the result of a new initiative the miner implemented at its Kareevlei deposit in South Af...

January 22, 2020

Three months after Alrosa revealed its discovery of a diamond-within-a-diamond, the Gemological Institute of America (GIA) has proposed an explanation for how this mysterious phenomenon came about.
 
The GIA’s team, which examined the stone at its New York lab, found t...

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