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.
ptimism 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.
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.
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 companies said last week.
Lucara, which owns Karowe, unearthed the diamond, which Hari Krishna subsequently cut and polished at its factory in Surat, India, and named it the Brilliant Lucara Diamond. The manufacturer’s customers in the retail sector will be able to view the stone through Everledger’s platform. The verified country of origin, Botswana, also appears on the platform via the stone’s GIA Diamond Origin Report, which confirms the provenance of polished goods by matching them to the original rough.
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.