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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) |
India | International |
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 |
|
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| Yaelstar |
Belgium |
International |
|
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|
| Yerushalmi Bros. Diamonds |
Israel |
International,
Botswana |
|
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| Yoshfe Diamonds
International |
Israel |
International |
|
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|
| Yosi Glick
Diamonds |
Israel |
International |
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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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