Botswana Diamonds raises £250k to fund exploration, progress SA bulk sampling

Botswana Diamonds has raised £250,000 before expenses through the placing of 50 million new ordinary shares to fund its operations in in Botswana and South Africa.

19 july 2019

China reports a 3.5% rise in 1H jewellery sales

China’s the National Bureau of Statistics has revealed that jewellery sales in China rose 3.5 per cent year on year during the first half of 2019.

19 july 2019

De Beers lowers production guidance as Q2 output drops 14% to 7.7Mcts

Anglo American has revised downwards the production guidance of De Beers for the year to about 31 million carats from the previous range of 31-33 million carats, in response to weaker trading conditions.

19 july 2019

Synthetic diamonds do not inspire jewelers – CEO of De Beers Jewellers

Synthetic diamonds, unlike natural, do not inspire jewelers to creativity, says François Delage, CEO of De Beers Jewellers.

19 july 2019

ZCDC mulls lifestyle audit of employees following diamond robberies

The Zimbabwe Consolidated Diamond Company (ZCDC) is set to audit the lifestyle of its employees following diamond robberies in Marange, a local weekly reports.

19 july 2019

Weak update from ALROSA. The company’s diamond sales plummeted in June

11 july 2019

ALROSA published sales data for June 2019

( - In June, ALROSA sold $ 222.4 million worth of diamond goods, which is 43% lower compared with June 2018 and 16% lower against the company’s sales last May.


The sales of rough diamonds in value terms amounted to $ 219.3 million decreasing by the same 43% year on year and 16% quarter on quarter.


Polished sales reached $ 3.1 million in June, down 53% versus June 2018 and 38% lower than last May.


In total, ALROSA netted $ 1,811 million (-33%) from sales of rough and polished goods in January-June 2019. The company’s revenue from rough diamonds sold in the first six months of 2019 was $ 1,784 million (-32%) and from polished diamonds - $ 27.3 million (-45%).

Evgeny Agureev, Director of the United Selling Organization of ALROSA, Member of the Executive Committee:

“We keep implementing our balanced sales strategy amid the backdrop of persisting excess diamond stock both at the cutting and polishing (midstream) sector and at retailers, as well as challenges related to financing of Indian midstream business. The market is gradually entering the phase of seasonally low demand for rough diamonds, which also weighs on the industry sales numbers. We expect Improving demand for rough diamonds by the end of the third quarter. We also see stable jewelry demand from end consumers, which creates opportunity for the recovery of overall demand for rough diamonds on the eve of Christmas sales 2019-2020.”

Comments from Dmitry Puchkaryov, BCS Broker:

“ALROSA's weak results could have been expected against the background of recent sales announced by its main competitor, De Beers, which reflected a significant decline. The negative drivers, which were in evidence for the company throughout the first half of the year, remained, but now additional pressure is exerted by the seasonal decline in demand for rough diamonds. Sales recovery in the near future is questionable due to the ongoing “fever” in India’s diamond cutting segment.

Against the background of negative dynamics in diamond sales, the financial results of ALROSA for the second quarter are expected to suffer. In this situation, it is reasonable to expect a decrease in dividends from the mining company in the first half of 2019.”

BCS Broker