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Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The COVID-19 pandemic that has swept the globe has had a notable impact on the diamond industry,
News Mar 30, 2020 Rapaport News
De Beers Orapa mine
Market Slump Prompts Botswana Downgrade
S&P Global Ratings has lowered Botswana’s credit rating, citing weaker diamond revenues because of the current
News Mar 30, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels Upcoming Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the
News Mar 30, 2020 Rapaport News
Venetia mine
De Beers Cuts Venetia Workforce During Lockdown
De Beers will reduce its worker head count at its sole diamond mine in South Africa by around 75%
News Mar 29, 2020 Rapaport News
Rough diamond
De Beers Enables 100% Deferrals at March Sight
De Beers is allowing sightholders unlimited deferrals at its upcoming rough-diamond sale as manufacturing closures have obliterated demand, market
News Mar 26, 2020 Joshua Freedman
Petra Finsch mine
South Africa, Lesotho Mines Set for Shutdown
Petra Diamonds, Gem Diamonds, Firestone Diamonds and Lucapa Diamond Company are suspending operations at their mines
News Mar 25, 2020 Rapaport News
Mountain Province
Mountain Province Loss Widens Amid Weak Pricing
Mountain Province’s losses intensified in 2019 as weaker anticipated diamond prices led to the devaluation of its Gahcho Kué
News Mar 24, 2020 Rapaport News
Miners coronavirus
Production Continues as Miners Fight Virus Impact
Alrosa, Petra Diamonds and Lucara Diamond Corp. are among the companies putting special procedures in place
News Mar 19, 2020 Leah Meirovich
De Beers Botswana
De Beers Sight Still On Despite Travel Ban
De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the
News Mar 18, 2020 Joshua Freedman
Diamond Grading
Sarine Ushers In Era of In-Factory Grading
Sarine Technologies has launched a new platform enabling manufacturers to tap its automated grading systems and issue
News Mar 12, 2020 Avi Krawitz
Penelope Cruz 150
Lab-Grown Marketing: Multifaceted Messaging
When lab-grown diamonds first started to make noise in the consumer jewelry market, much of the marketing power
News Mar 11, 2020 Rachael Taylor
Alrosa diamond sorting
Alrosa to Maintain Supply Flexibility
Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the
News Mar 08, 2020 Rapaport News
Jwaneng
Botswana Mining Decline Hits GDP Growth
Botswana’s economic growth slowed last year due to lower rough production, further aggravated by weakness in its diamond-manufacturing
News Mar 04, 2020 Rapaport News
Rough diamond in loupe
De Beers Sales Fall as Virus Impacts Sentiment
De Beers’ rough-diamond sales declined 28% year on year to $355 million in February as the coronavirus hit demand.Many sightholders
News Mar 04, 2020 Joshua Freedman
Press Release
Polished Prices Slide Amid Coronavirus Fears
RAPAPORT PRESS RELEASE, March 3, 2020, Las Vegas… Diamond trading declined sharply in February due to economic uncertainty
Press Release Mar 03, 2020 Rapaport
DTC Botswana
De Beers Reveals Overhaul of Sight System
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough
News Mar 01, 2020 Joshua Freedman
De Beers sightholder examining rough
De Beers Lets Sightholders Defer Chinese Goods
De Beers has allowed clients to forgo buying certain rough diamonds at this week’s sight, as the coronavirus outbreak
News Feb 26, 2020 Joshua Freedman
Rough diamonds De Beers
Virus Likely to Impact Demand at De Beers Sight
De Beers and its clients expect a slowdown in rough-diamond sales at the company's Botswana sight this week amid
News Feb 25, 2020 Joshua Freedman
De Beers rough and polished
De Beers Optimistic After 2019 Earnings Slump
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns
News Feb 20, 2020 Rapaport News
Lightbox
De Beers Adds Grading Specs for Lightbox
Lightbox has added grading information for its synthetic white diamonds in an effort by the De Beers brand to bring
News Feb 18, 2020 Rapaport News
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