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Category: Rough

Rough diamonds on display at De Beers Group offices in Calgary Canada credit Ben Perry slash Armoury Films slash De Beers 1280 USED 100523

De Beers Halts Online Rough Auctions as Sales Slide

Revenue in latest cycle falls 61% year on year.
Image: Rough color diamonds in a variety of colors and shapes. (Langerman Diamonds)

Import Ban Will Resolve Oversupply, Says Kiran

Voluntary freeze will rebalance inventory and support prices, writes global director Dinesh Lakhani.
Small rough diamonds 1280 USED 092623

De Beers Expects Oversupply to Continue for Now

Consumer demand is lagging behind 2021 and 2022 levels, miner says in Diamond Insight Report.
Rough diamonds 1280 credit Alrosa used 092123

Alrosa Halts Sales as Diamond Glut Persists

Miner calls for “reciprocal effort” to tackle imbalance of supply and demand.
Williamson processing plant 1280 credit Petra Diamonds

Petra Diamonds Slides to Loss in ‘Subdued’ Market

Miner gives downbeat outlook following weak demand in past fiscal year.
Alrosa 1280 USED 091123

Alrosa Finds Russia’s Largest Diamond in a Decade

Company unearths 391-carat rough at Mayat mine in Yakutia.
India miners rough diamond supply 1280 USED 090723

India Urging Miners to Be ‘Responsible’ About Rough Supply

Weak retail sales have led to inventory imbalance.
De Beers sight rough diamonds 1280 USED 083023

De Beers’ August Sight Yields Lowest Sales This Year

Miner’s seventh sight totals $370 million amid slowdown in demand.
Petra ore processing at Williamson 1280 USED 082723

Midsize Stones Sluggish at Petra Diamond Tender

Overall prices down 4.3% on like-for-like basis at first sale of fiscal year.
Analyzing rough diamonds for cutting and polishing at KGK, Botswana De Beers 1280 USED 081623

De Beers Loosens Buying Rules as Inventories Accumulate

Miner allowing sightholders to defer certain rough purchases to early 2024.

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