GJ Town India

Mountain Province rough diamond recovery lowered 10%!   Mountain Province Diamonds Inc announces financial results for the third quarter ended September 30, 2024- Q3 2024, from the Gahcho Kué Diamond Mine (GK Mine). Q3 2024 Key Takeaways are, 1: 679,599 carats were sold.    2: Revenue from 679,599 carats sold at $69.4 million (US$50.8 million) at an average realised value of $102 per carat (US$75) compared to $60.3 million from 478,653 carats sold in Q3 2023 (US$45.3 million) at an average realized value of $126 per carat (US$95).    3: Total sales revenue of $215.7 million (US$158.4 million) at an average realised value of $99 per carat (US$73) compared to $248.9 million in 2023 (US$184.9 million) at an average realized value of $138 per carat (US$103). 4: 1,187,912 carats recovered, 10% lower than Q3 2023 (1,326,610 carats recovered), Average grade of 1.24 carats per tonne treated, 18% lower than Q3 2023 (1.51 carats per tonne).    Mark W...

De Beers expect rough diamond demand to fully recover   De Beers Group announced the value of rough diamond sales for the first sales cycle of 2024. The provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period and remains subject to adjustment based on final completed sales.    Al Cook, CEO, De Beers Group, said: “Solid consumer demand for diamonds in the United States over the year-end holiday season has certainly helped to stabilise the industry and we are seeing polished diamond prices increasing again.    Combined with the restart of rough diamond imports into India, this has led to demand for rough diamonds increasing substantially in the first sales cycle of 2024. However, as the prospects for economic growth in many major economies remain uncertain, we expect that it may take some time for rough diamond demand to fully recover.”   DeBeers Cycle 1 2024 (provisional) [1] ...

Earned average price of US$1 908 per carat yet a lower YoY   Gem Diamonds Limited provides the Trading Update detailing the Group's operational and sales performance from 1 October 2020 to 31 December 2020 (Q4 2020).  According to the Trading Update, the Group further increased its net cash position by US$33.1 million, ending the Period with net cash of US$34.2 million (Q3 2020: net cash US$1.1 million).   Operational guidance metrics for the 2020 full year were achieved. During the Period, four diamonds greater than 100 carats were recovered to bring the total for the year to 16 & average price achieved for the Period was US$1 907 per carat. Over all 99 172 carats sold in the year, achieving an average price of US$1 908 per carat (2019: US$1 637 per carat). Ten diamonds sold for more than US$1.0 million each, generating revenue of US$22.6 million during the Period, bringing the total number of diamonds sold for greater than US$1.0 million to 34 for the year....

To understand the consumer perspective   De Beers Group is working actively in the face of the Covid-19 pandemic to understand the consumer perspective and monitor how this evolves as we pass through the stages of the crisis.   To augment our existing research program, we are conducting additional consumer, retailer and supply chain touch-bases to understand the pain points and the opportunities for partners large and small across the pipeline. In March 2020, we launched a weekly quantitative survey to collect data on the attitudes, behaviors and expectations of consumers in the US.   Once a month we also conduct a deep dive into diamond-specific attitudes. The latest survey was completed on June 22. With our second monthly insight report, we are continuing to track US consumers but widening the focus to include the experiences of retailers.   The report, heightened emotional state as uncertainty continues and also focuses on growth potential avenues like, gr...

A Letšeng record of US$ 656 933 per carat Gem Diamonds Limited provides Trading Update detailing of operational and sales performance for the Period Q1 2019 & says, Recovered and sold a 13.33 carat pink diamond for a Letšeng record of US$ 656 933 per carat. During the period Letšeng also recovered two diamonds greater than 100 carats. Total Carats recovered of 29 458 during the Q1 were in line with guidance targets and with the previous period of Q4 2018 of 29 523 carats. On the other hand they sold 27 335 carats during the Period, achieving an average price of US$ 1 900 per carat is higher over the Q4 2018 which had recovered US$ 1 259 per carat. The period also registered sales of eight diamonds for more than US$ 1.0 million each, generating revenue of US$ 27.2 million during the Period. The diamond detection pilot plant project remains on target to be commissioned at the end of Q2 2019. Construction and set-up have commenced on site. This project supports the ...

We need your diamonds! As the world’s second-largest market for polished diamonds, China is generating tremendous opportunities for diamond market as a whole. Last year AWDC and Alibaba Group entered an exclusive partnership to offer Antwerp certified diamonds directly to Chinese consumers via Alibaba’s B2C marketplace, Tmall. Being the largest B2C platform in China with over 500 million registered customers, Tmall’s success is driven by strong brand integrity and a Flagship Store approach. Under such collaboration framework, the Antwerp diamonds are available under the name Shape of Antwerp online flagship store on Tmall.    Currently Shape of Antwerp online store is performing in full function and the daily traffic to the store is increasing dramatically thanks to the co-marketing activities partnered with Alibaba.   From its official opening till now, our store has received in total 84,894 visitors among who are mostly high income consumers who showed ...

The Sight remains lower to previous & YoY De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the first sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “Rough diamond sales during the first sales cycle of 2019 were lower than those for the equivalent period last year, reflecting higher than normal sales in the previous cycle (cycle 10 2018) and the slow movement of lower value rough diamonds through the pipeline.” Sight Cycle 1 2019 (1) (provisional) Cycle 10 2018 (2) (actual) Cycle 1 2018   (actual) Sales value (3) $505m $544m $672m Note of the Table: 1:   Cycle 1 2019 provisional sales value represents sales as at 28 January 2019. 2:   Cycle 10 2018 actual sales value is restated following the earlier publication of a provisional figure for the tenth sales cycle of 2018. 3:   Sales values are qu...

Lowered diamond sales by 8% & Sales proceeds increased by 6%   Q4 and 12M 2018 operating results were announced by Alrosa. Alrosa, a global leader in diamond production, reports diamond production volume in 2018 at 36.7 m carats and sales of 38.1 m carats (down 8%). Sales proceeds increased by 6% to $4.5 bn. In Q4 2018, diamond production decreased by 2% q-o-q remained up 2% y-o-y to 10.3 m carats driven by seasonal suspension of production at alluvial deposits, which was almost fully offset by increased output at underground mines. In 12M 2018, production declined by 7% to 36.7 m carats due to the shutdown of the Mir underground mine (UM) and the completion of open-pit mining at the Udachnaya pipe. In Q4 2018, the volume of processed ore and gravels went down 2.3 times q-o-q registered up 3% y-o-y to 7.5 m tonnes, due to seasonal suspension of production at alluvial deposits. In 12M 2018, it grew by 3% to 40.5 m tonnes mainly due to increased gravel process...

32 international auctions held   in six countries in 2018     In 2018, Alrosa, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving total revenue of $463 million for the year. The company traditionally holds auctions in six countries – Russia, Belgium, Israel, Hong Kong, the United Arab Emirates and the United States. The largest number of auctions in 2018 was held in Moscow - 11, another 4 were held in Vladivostok. For the first time in many years, the company held two auctions at its sales office in New York, which resumed operations last year. Another six auctions took place in Ramat Gan (Israel), three in Hong Kong (China), four in Dubai (United Arab Emirates) and two in Antwerp (Belgium). Alrosa has planned 37 international auctions for 2019, increasing the number of auctions in Antwerp, New York and Dubai. There will be still 11 auctions in Moscow and 4 i...

Sold 3,252,491 carats at An average value of $USD 74 Mountain Province Diamonds announces production and sales results for the fourth quarter ended December 31, Q4 2018 and full year from the Gahcho Kué Diamond Mine (GK Mine). According to the highlights, in Q4 2018, 1,545,786 carats were recovered at an average grade of 2.06 carats per tonne. During the full year 2018, 6,936,894 carats at an average grade of 2.17 carats per tonne, 17% higher than total carats recovered in 2017. In Q4 2018, the Company sold 822,548 carats at an average value of $USD 65 per carat for total proceeds of $USD 53.6 million. For the full year 2018, the Company sold 3,252,491 carats at an average value of $USD 74 per carat for total proceeds of $USD 240 million. Diamond sales were in line with our expectations and reflect current market conditions. Prices for the better quality larger goods, where the majority of our value lies, remained strong throughout the year, however, during the latt...

Alrosa eleven months sales grew by 3.7% YoY Alrosa, the world leader in diamond production, announces diamond sales results for November and eleven months of 2018.   In November, Alrosa Group sold $274.0 million worth of rough and polished diamonds (-18% YoY). Rough diamond sales in terms of value amounted to $266.6 million, polished diamond sales –$7.4 million. Alrosa’s total diamond sales in January-November 2018 grew 3.7% YoY and amounted to $4.2 billion.  During the eleven months of 2018, rough diamonds were sold for $4.1 billion, polished diamonds – for $90.4 million.  “Diamond sales in November were 13% higher by value and 25% higher by volume against October this year. This may be indicative of strengthening demand for low-cost small-sized rough diamonds, which has been declining over the past few months.  However, it is too early to make final conclusions. We still see a lot of potential for the increase in demand for rough dia...