Alrosa’s annual diamond sales rose to their highest level since 2018 as rough prices soared during the market’s recovery. Revenue from rough and polished leaped 49% year on year to $4.17 billion in 2021, the Russian miner reported Friday. Rough sales increased 50% to $3.98 billion, with polished revenues up 28% at $191.6 million. While […]
Load MoreSupply shortages driving uptrend in prices. 1 ct. RAPI +0.8% in May. Inventory declining; number of 0.30 to 0.50 ct., RapSpec A3+ stones on RapNet -23% since April 1. Large US retailers stimulating demand. Scarcities and rising prices making it hard for dealers to replenish polished goods. Major suppliers with inventory and efficient online systems […]
Load MoreSupply shortages driving uptrend in prices. 1 ct. RAPI +0.8% in May. Inventory declining; number of 0.30 to 0.50 ct., RapSpec A3+ stones on RapNet -23% since April 1. Large US retailers stimulating demand. Scarcities and rising prices making it hard for dealers to replenish polished goods. Major suppliers with inventory and efficient online systems […]
Load MoreDiamond miners reported steady sales at their January rough tenders as demand and prices grew at the start of the year. Alrosa garnered $10 million at a sale of stones above 10.8 carats, which it held in Dubai from January 19 to February 9. Some 39 companies — from Belgium, India, Israel, the United Arab […]
Load MoreAlrosa’s Spirit of the Rose has achieved the highest price for any purple-pink diamond, selling to an anonymous bidder for nearly $27 million at Sotheby’s Geneva. The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type II stone, named for the famous Russian ballet, sold for $26.6 million, beating its low estimate of $23 million. The […]
Load MoreDiamond industry reopening and adjusting to new normal as consumers emerge from lockdown. US retail jewelers resuming operations in most states, with emphasis on in-store hygiene, virtual consultations and curbside service. New York trade remains shut. China strengthens security law in Hong Kong, fueling concern about renewed pro-democracy protests and trade war. Polished and rough […]
Load MoreA rare fancy-deep-grayish-blue diamond ring with a high estimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale in New York next month. The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone, called the Indian Blue, is valued at $6 million to $8 million, and displays a red phosphorescence typically found in diamonds from the […]
Load MorePrices of pink fancy-color diamonds outperformed other major color categories during the second quarter, the Fancy Color Research Foundation (FCRF) said. Prices of pinks rose 0.4% quarter on quarter for the three months ending June 30, according to the FCRF, which released its quarterly Fancy Color Diamond Index (FCDI) last week. By contrast, prices of […]
Load MoreAlrosa has sold a number of its non-diamond-related businesses in an effort to consolidate operations and focus on its diamond assets, it said Tuesday. During the first quarter, the Russia-based miner disposed of 21 assets, including subsidiary equity stakes and real estate totaling RUB 1.24 billion ($19 million). The most significant of those was JSC […]
Load MoreRevenue from Rio Tinto’s diamond division slid 1.6% to $695 million in 2018, the miner reported Wednesday. The diamond unit’s profit rose 28% to $118 million, while earnings before interest, tax, depreciation and amortization (EBITDA) increased 4.9% to $301 million. Diamond production fell 15% to 18.4 million carats for the year, with output slipping at […]
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