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Impacting both rough and polished diamond prices!   Lucapa Diamond Company Limited presented its activities report for the Fourth Quarter (4Q) ending 31 December 2020. The consumption and strong demand that saw the diamond industry commence its recovery in Q3 2020 continued into the festive period, favourably impacting both rough and polished diamond prices. This momentum has continued into 2021.   Key Highlights that includes 1: Lulo & 2: Mothae.   1: Lulo, a: Two +100 carat diamonds recovered, one from MB46 adjacent to the Canguige catchment area, b: Record annual diamond production and carat sales at Lulo & c: Delivery of 15.2 carat polished pink diamond from Lulo’s cutting & polishing partnership. 2: Mothae, a: Recommencement of scaled mining operations at Mothae, b: One +100 carat diamond recovered, Mothae’s most valuable diamond recovered to date, c: Mothae signed a new marketing agreement, including a cutting & polishing partnership, d: ~280% ...

The appointment to Effective from 1 September De Beers Group is pleased to announce the appointment of Sarah Kuijlaars as Chief Financial Officer (CFO), effective from 1 September. Sarah will join the De Beers Group Board and Executive Committee. Sarah was previously CFO of Arcadis NV, a leading global design and engineering consultancy, with a listing on the Euronext Amsterdam Stock Exchange.  Prior to this, Sarah was Deputy CFO at Rolls Royce Holdings plc, and held a number of senior financial leadership roles during a 25-year career at Royal Dutch Shell plc.  She has worked in several geographies including Nigeria, Russia, Brazil and the Middle East. Sarah is also a Non-Executive Director at Aggreko plc, a leading international provider of mobile modular power, temperature control and energy services. Bruce Cleaver, CEO, De Beers Group, said: “Sarah is a proven leader and has a strong track record built with a number of world-class multinational...

Tender taking place between May 15 and 29, 2020 Alrosa offered an option to its long-term customers to buy rough diamonds through its digital platform amidst limited business travel due to Covid-2019 pandemic related restrictions. At the digital tender taking place between May 15 and 29, 2020, the company offers over 800 rough diamonds from 5-10 carats batches. The offered volume is the largest Alrosa has ever put on a digital tender. The company provides detailed information on each diamond for remote evaluation. Clients logged to their personal online account get full digital scans of auctioned stones, including data on their external shape, inclusions, color, fluorescence, as well as photos.   For clients’ convenience, the company has significantly upgraded its trading system as well as online services. Every lot has a separate web page with all its characteristics. Given a large number of lots, clients have an opportunity to upload their bids for individual ...

A more challenging environment Tumbles buying sentiment YoY! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2019.   Bruce Cleaver, CEO, De Beers Group, said: “While overall retail sentiment for diamond jewellery in the US remains solid, a more challenging environment in China and higher than normal polished diamond inventories in the midstream resulted in a cautious approach from rough diamond buyers during the fifth cycle of 2019.”   Particular: Cycle 5 2019 (provisional) [1] Cycle 4 2019 (actual) [2] Cycle 5 2018 (actual) Sales value [3] ($m) 390 416 581 Notes to this table: [1]   Cycle 5 2019 provisional sales value represents sales as at 24 June 2019. [2]   Cycle 4 2019 actual sales value is restated following the earlier publication of a provisional figure for the fourth sales cycle...

Auction NY brings in $8.8 mn Alrosa, the world leader in diamond mining, took stock of the international auction for special-size rough diamonds +10.8 carats in New York. The Company sold 101 gem-quality diamonds with a total weight of 1,550 carats. The auction brought in a total of $ 8.8 million. About 90 companies from the USA, Israel, India, Belgium, the UAE, Russia and Hong Kong participated in the auction. “Our auctions in the USA keep bringing in new clients, first of all companies from the US market, more than 20 participants were American companies. The assortment consisted of standard color rough diamonds, most of them were sold at a good premium to their opening price. We are happy with the operational dynamics of our US platform,” noted Evgeny Agureev, member of the Executive Committee, director of the United Selling Organization Alrosa. Alrosa office in New York resumed work last year. Before year-end 2019, the Company is to hold two more diamond auctions i...

Tender to run up to The 19th June 2019 Trans Atlantic Gem Sales (TAGS) will be holding a rough diamond tender in Dubai at the Dubai Diamond Exchange in the Almas Tower from the 12th June to the 19th June 2019. Two regular productions from South Africa and Angola will again be presented. All materials are of high quality and high colour and contain a significant number of large single stones and exceptional specials. TAGS are expecting in the region of 20,000 carats of South African goods and 10,000 carats of Angolan goods across a full range of sizes. The event should have a combined value in excess of US$30m; however final details will soon be forthcoming from the producers. Interested parties can contact TAGS at, bookings@transatlanticgemsales.com at their earliest convenience to schedule an appointment. The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website. 

130 carat Type IIa white and 46 carat pink still at Lulo inventory Lucapa Diamond Company and its partners announce the results from the latest sale of diamonds from the Lulo alluvial mine in Angola. The run of mine parcels totalling 5,573 carats of Lulo diamonds achieved gross revenues of US$10.0 million (A$14.5 million), representing an average price of US$1,800 per carat. This took total sales of Lulo diamonds to date in H1 2019 to US$22.1 million achieving an average price per carat of US$3,668, further underling Lulo’s status as the world’s highest average price alluvial diamond production. The sale excluded several high-value diamonds which remain held in inventory by Lulo alluvial mining company Sociedade Mineira Do Lulo.  These diamonds include the 130 carat Type IIa D-colour diamond and a 46 carat pink. As previously foreshadowed, SML is undertaking a self-funded expansion of its Lulo diamond mining operations to deliver a ~50% increase in annualised ...

Despite headwinds,  100%  Sales equal to production! Update 1: Anglo American published its preliminary financial results for 2018. Out of that, De Beers key highlights are 1: Marketing increased at US$166 million to the highest spends in a decade. 2: Tracr, the industry's first end-to-end blockchain-backed asset-tracking platform. 3: Gemfair formalising the artisanal, small-scale mining sector, delivering improved conditions and value for those participating. 4: Lightbox jewelry providing consumers with lower-priced, fashion jewellery using lab-grown diamonds. 5: Upstream development of Venetia underground mine and DeBeers purchase of Peregrine diamonds. 6: Exploration increased spends in Canada to support future production potential. De Beers says a strong performance in 2018, despite headwinds, “We demonstrated a robust financial and operational performance in 2018, with revenue up four per cent to US$6.1 billion, though earnings were down 13 per cen...

Sales over 191K carats Diamonds in Q2 Firestone Diamonds plc provides its quarterly update on operations at its Liqhobong Diamond Mine for the quarter ended 31 December 2018; Q2 of the Company's 2019 FY & says recovery of diamonds of 224,947 carats over the previous Q1 of diamond that recovered was 240,733 carats. Resulting in a year-to-date total of 465,680 carats, on track with guidance of between 820,000 and 870,000 carats recovered for FY2019. A total of 191,735 carats sold in the second quarter of the financial year is fewer than Q1 sales of 194,206 carats, while realising revenue of US$13.9 million is earned higher over Q1 had earned US$13.5 million . During the Q2 recovery of a 46-carat white diamond in December remained notable. Average value of US$72 per carat is up over Q1 of US$70 per carat, which is below expectation mainly due to deterioration in prices received for the smaller, lower value stones. Despite the continued subdued conditions at the l...

Produced 9.4 million carats Eye to earn 2.1 billion by 2022 The Angolan diamonds sector produced last year a total of 9.4 million carats of diamonds, which enabled the yielding of USD1.2 billion and the increase of revenues in relation to the year 2017. Speaking at a press conference, the CEO of the state-owned National Diamonds Company (Endiama), Ganga Júnior, disclosed that in 2017 the sector collected USD 1.1 billion (at the average price of USD 113.5). In 2018, he continued, the industrial production of diamonds reached 9.2 million carats, representing an 8 per cent increase, while the semi-industrial and artisanal production of the precious stone reached 212,544 carats, a figure very bellow the 465,122 carats achieved in 2017. Angop has learnt that the increase in production was stimulated by the new governmental policy that enables diamonds exploration agents to sell up to 60 per cent of their production, thus putting an end to trading only with preferential ...

Slight increase in the rough price of  lower qualities & smaller sizes  The latest diamond sale of Mountain Province is closed on November 14th 2018. These results include the sale of fancies and specials to De Beers Canada as part of the previous production split, where De Beers Canada was the successful bidder. Total proceeds from the sale were US$17.7 million from 245,751 carats at an average realized value of US$72 per carat. We continued to see good price bids for our better quality larger goods where the majority of our value lies. We saw a slight increase in the pricing for lower qualities and smaller sizes, compared to our previous two sales. These results are very promising, given recent reports of challenging market conditions in the rough diamond industry. As previously mentioned in our Q3 2018 conference call on November 13th 2018, sale metrics continue to support our confidence that our sales process in Antwerp is working very well and our ...

DDE total sales are up by 70% YoY DDE and Stargems Group hosts six tenders The Dubai Diamond Exchange (DDE), a subsidiary of DMCC, the world’s flagship Free Zone and Dubai government authority on commodities trade and enterprise, in collaboration with Stargems Group, today announced the completion of six successful rough diamond tenders of SACIM goods (Anhui-Congo Mining Investment Company) with over 2 million carats sold. The tenders were held at the Almas Tower with around 200 diamond companies in attendance and were facilitated by the Dubai Diamond Exchange in a secure, transparent and regulated environment.   Earlier this year, DMCC signed a strategic partnership with Stargems, specialised in the sourcing and supply of fine diamonds, to host a series of rough diamond tenders. The agreement enables members, miners and suppliers from around the world to trade and distribute rough diamonds at Stargems’ events hosted at DDE’s headquarters in Almas Tower. The s...

Alrosa Sales tumbles in October by 28% YoY Alrosa, the world’s largest diamond miner, announces diamond sales results for October and ten months of 2018. In October, Alrosa Group sold $242.8 million worth of rough and polished diamonds (-28% YoY). Rough diamond sales by value amounted to $233.9 million, polished diamond sales – $8.9 million.   Alrosa’s total diamond sales in January-October 2018 grew 6% YoY and amounted to $3.9 billion. During the ten months of 2018, rough diamonds were sold for $3.8 billion, polished diamonds – for $83.0 million. “In October, demand for small-size inexpensive rough diamonds continued to remain weak. Seasonal slowdown on the threshold of Diwali, the main Indian holiday, was exacerbated by weakening Rupee/USD FX rate, a number of minor bankruptcies in India and tighter credit conditions for the cutting and polishing sector in this country, says Alrosa Deputy CEO Yury Okoemov. “We expect the situation to stabilize t...

Now rough diamonds sell with Cloud and blockchain technologies 100% digital platform commences   Operations in November 2018 Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that Clara Diamond Solutions, its 100% owned digital sales platform, will commence operations in November 2018 with a select group of large vertically integrated jewelry houses and global diamond manufacturers. Clara is designed to achieve a sustainable premium over existing sales channels, including tenders and long-term supply contracts for sellers, and deliver increased margins for buyers.   Eira Thomas, CEO commented: "After several months of intense commercialization efforts which are tracking on schedule and under budget, we are excited to be moving forward with our first sale. Clara is a scalable business solution for the entire diamond industry that is long overdue and necessary to modernize, streamline and increase consumer confidence in t...