GJ Town India

                                         Second wave of Covid-19 in India                                                                                        Lower rough diamond demand!   Robust demand for diamond Jewellery in the key US and China!   Jewellery Market Bureau:  De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the fourth sales cycle of 2021. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the fourth sales cycle of 2021, with t...

Sales totaled $390.5mn in November Alrosa reports its rough and polished sales results for November and 11 months of 2020. Sales of rough and polished diamonds in November totaled $390.5 million, including proceeds from rough diamond sales of $374.1 million, and polished diamond sales of $16.4 million.  For 11 months of 2020, total rough and polished diamond sales accounted for $2,280 million, including $2,182 million of rough diamond sales and $98.4 million of polished. “Demand for rough diamonds from our key clients in November remained strong enough as they bring their stocks to the normal levels amid the seasonal growth in demand for diamond jewellery in the USA and China. “High season” of Christmas and New Year sales traditionally supports the market towards the end of the year,” said Evgeny Agureev, Deputy CEO of Alrosa. Alrosa Group rough and polished diamond sales in 2020: Monthly sales results are preliminary and may be updated. Data on the diamond market is the Company’s ...

Cycle 9, 2020 grew over YoY Yet remained short to Cycle 8, 2020! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the ninth sales cycle of 2020. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the ninth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration.  As a result, the provisional rough diamond sales figure quoted for Cycle 9 represents the expected sales value for the period 2 November to 16 November and remains subject to adjustment based on final completed sales.   Bruce Cleaver, CEO, De Beers Group, said: “Steady demand for De Beers Group’s rough diamonds continued in the ninth sales cycle of the year, reflecting stable consumer demand for diamond jewellery at the retail level in the US and China, and expectations for reaso...

    De Beers continued to implement a more flexible approach De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the eighth sales cycle of 2020. Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers Group has continued to implement a more flexible approach to rough diamond sales during the eighth sales cycle of 2020, with the Sight event extended beyond its normal week-long duration. As a result, the provisional rough diamond sales figure quoted for Cycle 8 represents the expected sales value for the period 21 September to 9 October and remains subject to adjustment based on final completed sales.   Bruce Cleaver, CEO, De Beers Group, said: “We continue to see a steady improvement in demand for rough diamonds in the eighth sales cycle of the year, with cutters and polishers increasing their purchases as retail orders come through ahead of the key holiday season...

Sales over 460K carats & Production reaches over 463K carats Stornoway sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat. Stornoway Diamond Corporation announces production and sales results at the Renard Diamond Mine for the quarter ended June 30, 2019. According to the announcements, 460,832 total carats sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$76 per carat ($102 per carat2). In terms of total carats sold, pricing and gross proceeds, this represents variations of +7%, -9% and -1% over the first quarter, respectively. Second quarter diamond sales represent diamonds recovered during the first quarter. Second quarter diamond production was 463,136 carats recovered from the processing of 695,934 tonnes of ore at an average grade of 67 carats per hundred tonnes (cpht). Carats recoveries increased by 4% compared to the first quarter, mainly due to greater plant utiliza...

Vladivostok auction purse $9,65mn from 121 diamonds including 58.92 & 41.48 carats! Alrosa, the world’s largest diamond miner, discloses the results of the diamond auction in Vladivostok which took place. The total revenue from the sale of special size diamonds (+10.8 carats) exceeds $9.65 million. 29 companies from Belgium, India, Israel, the UAE, the USA, Hong Kong and Russia participated in the auction. A total of 150 diamonds with a total weight of 2481.9 carats were presented. 121 stones (2030.32 carats) were sold. There were two especially large diamonds sold, 58.92 and 41.48 carats. This diamond auction again showed decent results. We selected the stones of good color and quality, and got high revenues about $10 million. This is a good result, and we plan to further develop our sales here, said Evgeny Agureev, member of the Executive Committee, Director of the United Selling Organization of Alrosa. In 2019, the company is going to h...

Average value per carat remained of US$ 927.87 Trans Atlantic Gem Sales (TAGS) recently held a rough diamond tender in the Almas Tower at the Dubai Diamond Exchange in Dubai from the 26th March to the 2nd April 2019. Two regular productions from South Africa and Angola were again presented, including a Namibian production. All materials were of high quality and high colour and featured a significant number of large single stones and exceptional specials. According to TAGS, total tender sales of US$ 38,364,624.96 and over all 41,346.93 carats sold in total by acquiring average value per carat of US$ 927.87 only. Over all 204 companies participated in the tender process. It is to know, TAGS again presented their regular productions from South Africa and Angola which continue to be well received. Specialist manufacturing companies from India, Belgium and Israel were in attendance. TAGS utilised 30 showing rooms in the Dubai Diamond Exchange to present the productions ...

De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction sales) for the third sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “As we move into the second quarter of the year, we saw a continuation of stable demand for our rough diamonds during the third cycle of 2019.” Particular: Cycle 3 2019 (provisional) [1] Cycle 2 2019 (actual) [2] Cycle 3 2018 (actual) Sales value [3] ($m) 575 496 524                 1:                Cycle 3 2019 provisional sales value represents sales as at 8 April 2019.                          2:                Cycle 2 2019 actual s...

Yearly guidance range between 820K and 870K carats! Firestone Diamonds announces the result of H1 2019 of Liqhobong Diamond Mine that remained on track to meet guidance. During the period, 465680 carats recovered over the H1 2018 of 379716 carats. Over all full year guidance range is of between 820K and 870K carats that include, the recovery of the largest diamond to date, a 326 carat light yellow makeable stone. Average value per carat of US$71 realised in the period, impacted by prices for smaller, lower value diamonds as that was realised US$74 in H1 2018. Despite the lower rate, revenue of US$27.4 million from three sales remained up over H1 2018 of US$26.0 million from four sales. Activities Post Period shows an average value of US$90 per carat was realised at the most recent sale which concluded on 22 March, resulting in a higher average value realised of US$80 for the third quarter of the financial year, and US$74 per carat for the first nine months of the f...

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...