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petra mine 150
Petra Mulls June Tender After Rough-Price Slump
Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May
News May 31, 2020 Rapaport News
Alrosa rough diamond sorting
Alrosa Allows Deferrals at Third Consecutive Sale
Alrosa has continued its policy of enabling customers to hold off buying its rough diamonds until later
News May 31, 2020 Rapaport News
Rough diamonds Alrosa
Alrosa Sales Nearly Wiped Out in April
Alrosa’s diamond sales plummeted 95% to $15.6 million in April, the lowest on record, as customers deferred purchases until
News May 12, 2020 Rapaport News
Alrosa Komsomolsky cut at Aikhal mine
Alrosa Pauses Production at Two Mines
Alrosa has suspended production at two of its less profitable mines, citing the heavy impact of the coronavirus
News May 05, 2020 Rapaport News
Bruce Cleaver
Don’t Ban Rough Buying, De Beers Urges
De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company
News May 03, 2020 Rapaport News
Mountain Province
Mountain Province Revenue Improves in 1Q
Sales of rough from Mountain Province’s Gahcho Kué mine grew 2.4% to 659,318 carats in the first quarter,
News Apr 22, 2020 Rapaport News
De Beers Donation
De Beers Bolsters Coronavirus Aid Package
De Beers and its parent company Anglo American have contributed an additional $3 million in aid to help mitigate the
News Apr 21, 2020 Rapaport News
Nimesh Patel
De Beers CFO to Leave Company
De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and executive
News Apr 02, 2020 Rapaport News
Karowe
Lucara May Struggle to Hold Botswana Sales
The coronavirus outbreak has threatened Lucara Diamond Corp.’s ability to hold tenders in Botswana, and had a heavy
News Apr 01, 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
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
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
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
Mountain Province
Mountain Province Weighs Virus Effects
Mountain Province has delayed its year-end results by a week due to the effects of the coronavirus, the Canadian
News Mar 16, 2020 Rapaport News
Alrosa rough 150
Alrosa Relaxes Sales Terms Amid Market Crisis
Alrosa is allowing clients to defer up to 60% of their rough-diamond allocations at this month’s contract sale, claiming the concession
News Mar 15, 2020 Rapaport News
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
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 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
Arosa IDWI
Alrosa Puts Lower-Value Mines on Hold
Alrosa has paused production at certain lower-value deposits as the diamond industry continues to face an inventory imbalance and
News Feb 12, 2020 Joshua Freedman
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