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Trending restocking depleted inventories!   De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2022.   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 first sales cycle of 2022, with the Sight event extended beyond its normal week-long duration.  As a result, the provisional rough diamond sales figure quoted for Cycle 1 represents the expected sales value for the period 17 January to 1 February and remains subject to adjustment based on final completed sales.    Bruce Cleaver, CEO, De Beers Group, said: “As anticipated, there was strong growth in consumer demand for diamond jewellery over the end of year holiday season. As a result, we saw the continuation of robust rough diamond demand in the first sales Cycle of the year as buyers focus on restock

Sells 100% of offered rough to 42 companies   Trans Atlantic Gem Sales (TAGS) DMCC recently held a rough diamond tender in Dubai from the 17th to the 23rd November 2020. In the context TAGS issued a statement.   According to the TAGS, Owing to the impact of Covid-19 and the forced closures of factories for several months, the traditional Diwali holiday was dramatically reduced, with some factories only closing for around a week. We commenced our tender on the 17th November and concluded on 23rd November 2020.  Most factories are now producing, although not at full capacity. Several months of severely restricted supply by the leading producers, coupled with a better than expected recovery in China and the Far Eastern markets has led to a reduction in polished stocks and improved liquidity in the midstream. While there remains a question mark over the impact of the virus on consumer markets generally, for the time being there is some optimism for the Christmas season. Consequently, w

  Lucapa Diamond Company announces the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola. A total of 3,477 carats of Lulo diamonds sold for gross proceeds of US$2.3 million (A$3.2 million) on a 100% basis, representing an average price of US$663 (A$911)/ carat. Total sales at year to date amounted to 12,266 carats for US$15.7 million (A$23.2 million) or US$1,283 (A$1,892)/ carat at Lulo diamonds. Lucapa Managing Director Stephen Wetherall commented: “SML has delivered strong operational performances soon after recommencing operations following the lockdown.  Although the average diamond size in this sale parcel was smaller than average, the encouraging signals being seen in the industry currently have led to upward price movements across a number of diamond categories.   That together with the record recoveries from the leziria areas suggests Lulo should have a much improved second half in 2020”.  

Trading session from August 10-14     Alrosa decided to change dates for its trading sessions in July and August after having reviewed the current market situation.   July trading session, initially scheduled for July 12-17, will take place on July 27-31. This decision will support the company’s clients that expressed the potential interest in purchasing rough in this period. In order to make diamond supply steadier, Alrosa is also moving its next trading session from August 10-14 to the second half of that month, the dates to be announced later.   To balance rough supply with demand more effectively, the company idles its production of industrial diamonds of sieve classes under –3 and powders for the next six months. “Alrosa continues its responsible approach to sales and constantly communicates with its clients in order to thoroughly monitor the market and answer its needs. At the last three trading sessions, we provided our customers with unprecedented flexibility, including a

The Global sight remained lower than previous! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fourth sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: "Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period.” Particular Cycle 4 2019 (provisional) [1] Cycle 3 2019 (actual) [2] Cycle 4 2018 (actual) Sales value [3] ($m) 415 581 554     [1]   Cycle 4 2019 provisional sales value represents sales as at 20 May 2019. [2]  Cycle 3 2019 actual sales value is restated following the earlier publication of a provisional figure for the third sales cycle of 2019. [3]  Sales values are quoted on a consolidated accounting basis. Auction S

Registers diamond sales worth of US$ 368mn The gross revenue from the sale of diamonds and ornamental stones was 368 million US dollars during the first quarter (Q1) of this year, with sales of 2.6 million karats. In this period, revenues of US $ 106,572 million (40.7 percent) and 31.5 percent of total carat sales were registered, compared to the quarter of 2018. According to data presented, by the Ministry of Mineral Resources and Petroleum, two million carats (94.6%) are diamonds of kimberlitic origin and 143.398 carats of alluvial origin. The information, presented during the analysis of the activities of the first quarter of this year, indicates that diamonds traded in the balance sheet date come from the provinces of Lunda Sul (93.6 percent) and Lunda Norte (6.4 percent). On the sidelines of the act that also planned the market for diamonds and ornamental stones for the second quarter of this year, the Secretary of State for Mines, Jânio Correia Victor, said

A rough diamond tender untill May 14 TAGS will be holding a rough diamond tender at the Dubai Diamond Exchange in the Almas Tower in Dubai from the 7th May to the 14th May 2019. Two regular productions from South Africa and Angola will again be presented. All materials contain a significant number of large single stones and exceptional specials and are of high quality and high colour. TAGS are expecting in the region of 30,000 carats of South African goods and 25,000 carats of Angolan goods across a full range of sizes. The event should have a combined value in excess of US$40m; however final details will soon be forthcoming from the producers. Interested parties can contact TAGS website for bookings at their earliest convenience to schedule an appointment. The full event schedule for 2019 is listed on the Trans Atlantic Gem Sales website. TAGS say, “We act independently to ensure a fair, consistent and reputable e-Market with constantly evolving technology, sale

Alrosa sales reached to $377mn in March Alrosa, the world’s largest diamond producer, announces its diamond sales results for March and the first three months of 2019. January-March 2019 sales of rough and polished diamonds amounted to $1,004 million, including $987.9 million of rough diamonds, and $16.3 million that of polished. Alrosa March sales of rough and polished diamonds increased to $377.1 million, an increase of $31.5 million or 9% against previous month numbers.  Rough diamond sales grew to $369.2 million (against $340.6 million in February 2019), polished diamond sales increased to $8 million (against $5 million a month earlier). “The market is gradually stabilizing following a soft demand from cutting and polishing companies in the second half of the last year.  Demand for smaller-sized stones demonstrated recovery in the first quarter. The sector is also gradually restoring the balance between the rough diamond inventories and rough diamond purc

Situ resource increased up to 80,400 carats at Lulo The Lulo Diamond Resource was independently estimated and reconciled on a depletion and addition basis as at by external consultants Z Star Mineral Resource Consultants (Pty) Ltd. The updated Lulo Diamond Resource was estimated after accounting for, 19 months of mining depletion at Lulo to 31 December 2018, during which time >30,000 carats of diamonds were recovered and sold for ~US$62 million. The definition of additional resources and improving knowledge on existing resource areas from an extensive ongoing resource-definition drilling and sampling program which included an additional 4,200 auger holes that is of 36K metres drilled and diamond sales at prices above the previous resource estimate dated 31 May 2017. Notwithstanding the depletion of >30,000 carats from mining referred to above, the updated Lulo Diamond Resource contains a 90% increase of in-situ carats to 80,400. This total equates to more than

De Beers Cycle 2 yet a low! De Beers Group announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the second sales cycle of 2019. Bruce Cleaver, CEO, De Beers Group, said: “Demand for rough diamonds remained consistent during the second sales cycle of 2019. While overall demand for lower value rough diamonds remains subdued, we did see an increase in demand from India as factories begin to restock.” Heading:  Cycle 2 2019 (1) (provisional) Cycle 1 2019 (2) (actual) Cycle 2 2018   (actual)  Sales value (3) $490m $500m $563m 1: Cycle 2 2019 provisional sales value represents sales as at 4 March 2019. 2: Cycle 1 2019 actual sales value is restated following the earlier publication of a provisional figure for the first   sales cycle of 2019. 3: Sales values are quoted on a consolidated accounting basis. Auction Sales included in a given cycle are the sum of all sales be

Highest price achieved for Mothae diamond of US$36,664 per carat Lucapa Diamond reports the results from the first sale of diamonds from the new Mothae kimberlite plant in Lesotho. The parcel of 5,411 carats of rough diamonds sold at tender in Antwerp for a total of US$3.8 million or A$5.3 million. The diamonds were recovered during the plant ramp-up phase in Q4 2018 and in the first month of commercial mining operations at Mothae in January 2019. The sale represented an overall average price per carat of US$707 (A$987) for the total run of mine parcel. The highest price achieved for an individual Mothae diamond was US$36,664 per carat. As previously noted, the efficiency of the new Mothae plant in treating the near surface weathered material has resulted in the liberation of additional diamonds, primarily small stones below the plant’s 3mm bottom cut-off screen size.  Most of these additional small diamonds are in the -11 and below sieve size fractions. While