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De Beers rough
De Beers Prices Up 14% Since Start of Year
De Beers’ rough prices spiked in the first half of 2021 as supply shortages coincided with buoyant diamond demand
News Jul 20, 2021 Rapaport News
Michael Hill store 140
Michael Hill Sales Climb as Stores Reopen
Australian jeweler Michael Hill reported a rise in revenue during the fourth fiscal quarter amid the reopening
News Jul 19, 2021 Rapaport News
Trucks at Alrosa’s Verkhne-Munskoye mine
Alrosa Sales Jump to Pre-Coronavirus Levels
Alrosa’s second-quarter diamond revenues exceeded pre-pandemic levels as strong demand and limited supply supported the market.
News Jul 18, 2021 Rapaport News
Diamond cutters in Surat India
India’s Polished Trade Extends Recovery
India’s polished-diamond exports registered their eighth consecutive year-on-year increase as the market continued to rebound, according to recent
News Jul 18, 2021 Rapaport News
Field Notes
Rough Bubble Brewing
The rough market is buoyant after yet another price increase by De Beers, leaving many in the trade scratching
Analysis Jul 15, 2021 Avi Krawitz
Alrosa Zarnitsa 140
Alrosa Resumes Operations at Zarnitsa Mine
Alrosa has recommenced production at its Zarnitsa open-pit mine in Yakutia following a 14-month shutdown.The mine reopened on July
News Jul 15, 2021 Rapaport News
Gahcho Kué Ice Road
Mountain Province Production Increases
The Gahcho Kué mine is on track to achieve its 2021 production forecast after strong second-quarter output compensated
News Jul 14, 2021 Rapaport News
Martin Rapaport
Sustainable Growth
The diamond industry has come out of the Covid-19 pandemic much better than expected. While many
Analysis Jul 13, 2021 Martin Rapaport
Shanghai Diamond Exchange
China’s Diamond Imports Surge
China’s diamond trade bounced back in the first half of the year as the country’s economy recovered from
News Jul 13, 2021 Rapaport News
The Plumb Club credit Shutterstock 140
Pandemic Positively Impacted Jewelry Sales: Survey
Nearly one-third of consumers increased their spending on jewelry during the pandemic, according to a survey by The Plumb Club.Much
News Jul 13, 2021 Rapaport News
Orapa mine Botswana De Beers
Diamond Production Plunges in 2020
Global rough-diamond production slumped last year, new data showed, as miners slashed output in response to the Covid-19
News Jul 08, 2021 Rapaport News
Titan
India’s Titan Weathers Covid-19 Wave
Sales at India’s Titan Company jumped in the past fiscal quarter as the jewelry retailer managed to maintain operations
News Jul 07, 2021 Rapaport News
Large rough diamond in the hand of diamond expert
Tensions Rise over Definition of Conflict Diamonds
A recent global meeting of the Kimberley Process (KP) ended in controversy as Chinese delegates allegedly clashed with a representative
News Jul 05, 2021 Joshua Freedman
Sodiam Lucapa tender 140
Angola Rough Tender Brings In More Than $56M
An auction of special rough by Angola’s state-owned diamond trader garnered $56.6 million, led by the sale of seven diamonds
News Jun 28, 2021 Rapaport News
Luk Fook
Hong Kong Tourism Slump Hits Luk Fook
Sales slid at Hong Kong-based Luk Fook in the past fiscal year as the Covid-19 pandemic devastated the
News Jun 28, 2021 Rapaport News
TSL store HK 140
Hong Kong Challenges Drag Down Jeweler TSL
Revenue at Tse Sui Luen (TSL) fell during the full fiscal year, as coronavirus-related challenges in Hong Kong
News Jun 27, 2021 Rapaport News
De Beers sightholder
De Beers Sales Bounce Back
De Beers’ rough sales reached a three-month high at its June cycle as retail demand remained strong and India’s
News Jun 23, 2021 Rapaport News
From Crisis to Crisis
How Two Crises Shaped the Diamond Trade
For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for
Analysis Jun 15, 2021 Avi Krawitz
Alex and Ani 140
Jeweler Alex and Ani Files for Chapter 11
Charm-bracelet maker Alex and Ani has filed for bankruptcy protection after accumulating high debts over
News Jun 14, 2021 Rapaport News
Mountain Province
Mountain Province Prices Jump 18%
Rough prices at Mountain Province surged in the second quarter as strong retail sales and steady polished trading
News Jun 13, 2021 Rapaport News
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Weekly Market Comment

Market upbeat despite summer lull and high rough prices.

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