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Who’s Buying the Rough in 2019?

Aug 11, 2019 9:32 AM   By Joshua Freedman
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RAPAPORT... The stability of the diamond industry is largely in the hands of 122 manufacturers and dealers that buy rough on a contractual basis. 

Many of the sector’s current problems have resulted from too much rough entering the market in the past two to three years. Most of that supply is provided through the long-term sales programs that De Beers, Alrosa, Dominion Diamond Mines and Rio Tinto operate. Under those systems, customers commit to buying certain quantities of goods at prices determined by the seller, in return for consistent supply over an extended period.

De Beers offers about 90% of its rough through the Global Sightholder Sales program, with the rest available at its auctions. Most of the company’s customers are “international” sightholders, while those with Botswana, South Africa or Namibia sights must manufacture the goods within those countries. Clients that hold “accredited buyer” status have access to excess supply sightholders rejected, known as ex-plan goods.

Alrosa sells approximately 70% of its supply through its Alrosa Alliance program. Three additional members are currently candidates for potential Alrosa supply, and are classified as “Other.” Dominion Diamond Mines and Rio Tinto also operate contract sales, with the latter calling its arrangement the Select Diamantaire program.

These buyers are, therefore, the core of the trade, and how they buy rough and sell the resulting polished highly influences the overall state of the diamond market.

The following list of 122 rough buyers is an extract from the July issue of the Rapaport Research Report, which includes an in-depth look at the factors impacting diamond prices and midstream profitability, and presents extensive proprietary data from RapNet. Subscribers can download it here.

Click here to view the table as a PDF.

Company Name Head Office De Beers Alrosa Dominion Rio Tinto
A. Dalumi Diamonds Israel International, Botswana      
A.B.T. Diamonds Israel Accredited Buyer (International)      
A.C. Diam Belgium   Alrosa Alliance    
Aives India   Alrosa Alliance    
Almod Diamonds USA International, Namibia, Canada      
Ankit Gems India International, Namibia      
Arjav Diamonds Belgium International, Botswana Alrosa Alliance    
Arodiam Manufacturing Co. Belgium International, South Africa      
Arslanian Group Belgium   Alrosa Alliance    
Asian Star Company India International Alrosa Alliance Dominion Select Diamantaire
Aspeco Belgium Belgium   Alrosa Alliance    
Aurostar Diamonds Botswana UAE Botswana      
Blue Gems Belgium   Alrosa Alliance    
Blue Star Diamonds India International      
Brilliant Gems Belgium   Alrosa Alliance    
Brilliant Trading Co. Hong Kong   Alrosa Alliance    
Bronner Trading Co. Hong Kong   Alrosa Alliance    
Choron Diamonds Belgium Accredited Buyer (International)      
Chow Sang Sang Jewellery Co. Hong Kong International Alrosa Alliance    
Chow Tai Fook Jewellery Co. Hong Kong International Alrosa Alliance   Select Diamantaire
Corona Jewellery Company Canada     Dominion  
Crossworks Manufacturing Canada International, Canada, Namibia      
D Navinchandra Gems Belgium International      
Dali Diamond Co. Belgium International Alrosa Alliance    
DDK Russia   Alrosa Alliance    
Dharmanandan Diamonds India International, Accredited Buyer (Botswana) Alrosa Alliance    
Diacor International South Africa International, Botswana, South Africa, Namibia Alrosa Alliance    
Diajewel Belgium   Alrosa Alliance Dominion  
Diamant Impex Belgium International      
Diambel Belgium International     Select Diamantaire
Diamond India India   Alrosa Alliance    
Dianco Belgium International Alrosa Alliance   Select Diamantaire
Diarough Sourcing Belgium International, Botswana Alrosa Alliance   Select Diamantaire
Diarush UAE International      
Dimexon International India International Alrosa Alliance   Select Diamantaire
DYS Diamond Manufacturers Namibia Namibia      
Eloquence Corporation USA Industrial      
EPL Diamond Russia   Alrosa Alliance    
Espeka Belgium   Alrosa Alliance    
EZ Diamonds Israel International      
Finestar Jewellery & Diamonds India International, Accredited Buyer (Botswana)   Dominion  
Fischler Diamonds Belgium   Alrosa Alliance    
Fruchter Gad Diamonds Israel Accredited Buyer (International)      
Gemmata Belgium       Select Diamantaire
Gold Star Diamond India Accredited Buyer (International)      
Gomel MA Kristall Belarus   Alrosa Alliance    
H Dipak & Co. India International      
H.D. Diam India   Alrosa Alliance Other    
Hard Stone Processing Namibia Namibia      
Hari Darshan Exports India International      
Hari Krishna Exports India International Alrosa Alliance Dominion Select Diamantaire
Hasenfeld-Stein USA International      
HVK International India International Alrosa Alliance    
I.D.R.P. Belgium   Alrosa Alliance    
IGC Group Belgium International, Botswana Alrosa Alliance Other    
Jasani Group India International Alrosa Alliance    
Jewelex India India International      
Julius Klein Diamonds USA International, South Africa, Namibia, Accredited Buyer (Botswana)      
K Girdharlal International India International      
Kapu Gems India   Alrosa Alliance Dominion Select Diamantaire
Karp Impex India International, Accredited Buyer (Botswana) Alrosa Alliance    
KGK Diamonds (I) IndiaInternational Alrosa Alliance   Select Diamantaire
KGK Diamonds SA Hong Kong Botswana, Namibia, South Africa  
Kiran Exports Belgium Accredited Buyer (International)   Dominion Select Diamantaire
Kiran Gems India International Alrosa Alliance    
Komal Gems Belgium     Dominion  
KP Sanghvi & Sons India International Alrosa Alliance   Select Diamantaire
Kristall Production Corporation Russia   Alrosa Alliance    
Kristalldiam  Russia   Alrosa Alliance    
L&N Diamonds Israel   Alrosa Alliance    
L. M. Van Moppes & Sons UK Industrial      
Laurelton Diamonds Belgium Belgium International, Botswana Alrosa Alliance Dominion Select Diamantaire
Laxmi Diamond India International Alrosa Alliance Other    
Lazare Kaplan International USA Namibia, Accredited Buyer (International)      
Lieber & Solow Ltd (IS) USA Industrial      
Luk Fook Diamond (International) Co. Hong Kong International      
M. Suresh Company India International, Botswana Alrosa Alliance    
Mahendra Brothers Exports India International   Dominion  
Mishal Belgium International      
Mohit Diamonds India International, Accredited Buyer (Botswana) Alrosa Alliance    
Moti Ganz Israel Botswana, Accredited Buyer (International)      
Narola Gems India     Dominion  
Niru Diamonds Israel Israel International Alrosa Alliance    
Pluczenik Diamond Company Belgium International, Botswana, Namibia Alrosa Alliance    
Pratham International India     Dominion  
Premier Diamond Alliance USA International      
Ratnakala Exports India     Dominion  
Red Exim India     Dominion  
Richold Switzerland International Alrosa Alliance    
Rosy Blue Belgium International Alrosa Alliance Dominion  
Rosy Blue (India) India International Alrosa Alliance    
S. Vinodkumar Diamonds India International Alrosa Alliance    
S.D. Diamond Russia   Alrosa Alliance    
S.V. Gems Belgium     Dominion  
Safdico International Mauritius International, Botswana, South Africa      
Sahar Atid Diamonds Israel International Alrosa Alliance    
Schachter and Namdar South Africa Namibia, Accredited Buyer (South Africa)      
Schachter International Israel International, Botswana Alrosa Alliance    
Shairu Gems Diamonds India International      
Sheetal Manufacturing Company India International Alrosa Alliance   Select Diamantaire
Shree Ramkrishna Exports India International Alrosa Alliance Dominion Select Diamantaire
Shri Hari Gems India       Select Diamantaire
Signet Jewelers USA International, Botswana Alrosa Alliance   Select Diamantaire
Simoni Gems Belgium     Dominion  
Singh Diamonds India     Dominion  
Soradiam Belgium     Dominion  
Star Diamond Group UK   Alrosa Alliance    
Star Rays India International   Dominion  
Sunnex Belgium     Dominion  
Swintu Diam Belgium   Alrosa Alliance    
Taché Belgium International, Botswana, South Africa Alrosa Alliance    
Tasaki & Co Japan International      
Trau Bros Belgium International, Botswana, Namibia Alrosa Alliance    
VD Global India International Alrosa Alliance    
Venus Jewel India International Alrosa Alliance Dominion Select Diamantaire
Vijay Diamond UAE International      
Vishindas Holaram India International   Dominion  
Wing Hang Diamond Co. Hong Kong   Alrosa Alliance    
Yaelstar Belgium International      
Yerushalmi Bros. Diamonds Israel International, Botswana      
Yoshfe Diamonds International Israel International      
Yosi Glick Diamonds Israel International      

Image: A rough diamond during pre-cutting analysis at KGK Diamonds’ Botswana facility. (Ben Perry/Armoury Films/De Beers)
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Tags: Alrosa, De Beers, Dominion Diamond Mines, Joshua Freedman, Rapaport News, Rio Tinto, rough, Rough Diamonds
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