ALROSA sells specials for $ 11 million during its New York tender

ALROSA tendered its special-sized diamonds (over 10.8 carats) and earned $11 million in sales revenue. The auction was held in New York, and the viewing took place at the sales office of ALROSA USA Inc.

Yesterday

WFDB and DPA link up to create powerful new marketing channel

The World Federation of Diamond Bourses (WFDB) has launched a powerful new marketing channel for the dissemination of industry news to promote diamonds in a tie-up with the Diamond Producers Association (DPA).

Yesterday

India’s polished diamond exports down 15.39% during October

During October, cut and polished diamond exports declined by 15.39% year-on-year totalling $ 1.95 bln during during October as against $ 2.30bln during October 2018, according to the provisional data released by The Gem & Jewellery Export Promotion...

Yesterday

Zimbabwe lowers royalty on diamonds to 10%

Zimbabwe is set to review the royalty on diamond from the current 15% to 10% of gross revenue from 1 January, 2020.

Yesterday

Diamcor Q2 revenue down on limited processing volumes

Diamcor Mining has realised $560,059 in revenue from its Krone-Endora at Venetia project, in South Africa during the period ended September 30, 2019 compared to revenues of $726,846, realised during the same period in the prior fiscal year.

Yesterday

De Beers said to cut diamond prices by about 5% as industry crisis deepens

05 november 2019

(bnnbloomberg.ca) - De Beers cut diamond prices across the board as the world’s biggest producer struggles to respond to a widening industry crisis, according to people familiar with the situation. The Anglo American Plc unit lowered prices by about five per cent for its November sale, according to the people, who asked not to be identified as the information is private. The price of some cheaper diamonds, which have been hit hard in an oversupplied market, were cut by double digits, the people said.