Rough Sales News Today

RAPAPORT... De Beers will offer widened concessions to purchasers of larger rough diamonds at its upcoming sight as trading has slowed amid difficult market conditions.The miner will increase its “buyback” allowance to 20% for 1-carat goods and up at the sale, which begins later this month,...

RAPAPORT... De Beers has released its sales schedule for next year, with the miner holding its usual 10 sights across the 12-month period.The miner sells most of its rough to sightholders through a contract system under which clients make certain purchasing commitments in return for...

A yellow rough diamond weighing 151.60 carats will be the star item at Mountain Province’s sale in Antwerp later this month.The octahedron with “exceptional clarity” will be among more than 90 special stones available from the company’s Gahcho Kué mine in Canada, the company said Wednesday. The...

RAPAPORT... De Beers’ sales rose year on year in August, defying global economic uncertainty amid solid rough demand. Proceeds came to $630 million at the seventh sales cycle of 2022, up 21% compared with the $522 million the company registered in the equivalent period of 2021, De Beers...

Alrosa plans to make further acquisitions of rough from the Russian state depository later this month as it seeks ways of meeting demand following drops in production.“Like in the second half of 2021, Alrosa will participate in auctions hosted by Gokhran to purchase rough diamonds on behalf of...

RAPAPORT... Alrosa saw stunted sales in January as supply limitations prevented the Russian miner from meeting buoyant rough demand.Diamond revenues fell 24% year on year to $325 million for the month, the company reported Thursday. Rough sales dropped 25% to $315 million, while polished...

RAPAPORT... De Beers continued to see strong demand at its latest sales cycle as manufacturers bought rough diamonds ahead of the holidays and the seasonal shutdown in India.Proceeds from the miner’s eighth sale of the year — including the September sight — rose 5% year on year to $490...

Trans Atlantic Gem Sales (TAGS) garnered $5.2 million from the tender of a 118.58-carat rough diamond in Dubai, setting a local record. The price was the highest for any rough stone sold on the Dubai Diamond Exchange (DDE) tender floor, the bourse reported Thursday. The piece fetched $44,004...

RAPAPORT... Alrosa’s diamond sales slipped to their lowest level this year as the market recovery calmed following months of robust growth. Proceeds dropped 11% year on year to $298 million in September, the Russian miner reported Monday. Sales were also 3% down from August.“Alrosa maintains...

Alrosa’s diamond sales remained stable in May as manufacturers continued to show demand despite challenges in the Indian market, the miner said Thursday. Revenue from rough and polished goods stood at $365 million, down 9% from $401 million in April but higher than the $40.1...