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De Beers, Rio Tinto Update Their 2013 Client Lists
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De Beers and Rio Tinto have updated their client lists for the current year on their respective websites. De Beers announced in March that it added five companies to its list of sightholders for the contract...
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Rough Markets
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Apr 04, 2013
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Avi Krawitz, Deena Taylor
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Rosy Blue Renews ALROSA Rough Supply Contract
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Rosy Blue signed a new long-term rough diamond supply deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
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Rough Markets
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Dec 19, 2012
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Dilipp S Nag
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Shrenuj's 2Q Sales +7%, Profit -2%
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Shrenuj & Co. Ltd. reported that group sales rose 7 percent year on year to $151.5 million (INR 8.24 billion) during the second fiscal quarter that ended on September 30, 2012. Profit, however, declined...
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Polished Markets
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Nov 12, 2012
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Dilipp S Nag
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De Beers Group Realigns Corporate Identity
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The following letter to De Beers Group sightholders identifies immediate branding changes and signals the group's future strategy. Dear Sightholder,For an industry that historically evolved slowly, the past several years have seen unprecedented...
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Rough Markets
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Oct 03, 2012
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De Beers
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De Beers Maintains Low Diamond Supply
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De Beers will be unable to meet sightholder demand for the next six months due to a shortfall in production, according to its chief executive, Philippe Mellier. “We will have shortfalls for the rest of the intention to offer...
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Rough Markets
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Sep 20, 2012
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Avi Krawitz
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Certified Diamond Prices Relatively Stable in August
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PRESS RELEASE, September 4, 2012, New York: Certified polished diamond prices were relatively stable in August, easing the steep declines witnessed in previous months. Dealers have sensed a restrained improvement in demand from Far East...
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Polished Markets
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Sep 04, 2012
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Rapaport
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Botswana's Diamond Exports -61% in July
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Botswana’s diamond exports fell 61 percent year on year to $260.4 million in July 2012, according to data released by the Bank of Botswana. During the first seven months of the year, the country’s diamond exports...
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Rough Markets
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Sep 02, 2012
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Avi Krawitz
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De Beers Cuts Prices by an Average of 8%
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De Beers has reduced prices by an estimated average of 8 percent at its Diamond Trading Company (DTC) sight this week. The sight had an estimated value of about $580 million and no goods were left on the table....
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Rough Markets
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Aug 29, 2012
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Avi Krawitz
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Botswana Rises
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There was a buzz emanating from Botswana this week felt well beyond its borders as De Beers launched its aggregation activities in Gaborone and Okavango Diamond Company finally appointed a managing director. Considering that Botswana...
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Rough Markets
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Aug 17, 2012
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Avi Krawitz
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De Beers Shifts Aggregation to Botswana
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De Beers has moved its aggregation department from London to Gaborone as part of the gradual transfer of its Diamond Trading Company (DTC) operations to Botswana. “As De Beers shifts more and more of its sales operations to Botswana...
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Rough Markets
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Aug 14, 2012
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Avi Krawitz
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Botswana's Diamond Exports -51% in June
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Botswana’s diamond exports fell 51 percent year on year to $352.6 million in June 2012, according to data released by the Bank of Botswana. During the first six months of the year, the country’s diamond exports...
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Rough Markets
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Aug 06, 2012
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Avi Krawitz
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Lower Diamond Production
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Predicting the diamond market can be tricky at times, particularly for those on the supply side of the pipeline. Miners, generally loath to scale down operations, have understandably been treading cautiously in 2012.The pledge made last...
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Mining
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Jul 27, 2012
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Avi Krawitz
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De Beers Profits, Sales Slump in 1H
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De Beers reported that net earnings slumped 44 percent year on year to $386 million in the first half of 2012 as rough diamond demand fell in difficult trading conditions. Group sales declined by 14 percent to $3.35 billion while sales...
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Mining
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Jul 20, 2012
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Avi Krawitz
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Mining
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Jul 20, 2012
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De Beers
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Losing Sightholders
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It may have taken a downturn to prove it, but Diamond Trading Company (DTC) sightholders are sensing that the game has changed. As a result, there was an underlying anger emanating from this week’s DTC sight...
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Rough Markets
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Jul 20, 2012
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Avi Krawitz
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Reduced Demand, Softer Prices at Diamdel’s July Auctions
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Diamdel reported that buyer participation fell by about 10 percent in its latest round of rough diamond auctions as the trade became more cautious. Diamdel sells approximately 10 percent of De Beers production to Diamond Trading Company (DTC) sightholders...
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Rough Markets
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Jul 19, 2012
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Avi Krawitz
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DTC July Sight Estimate at $420M
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The Diamond Trading Company's (DTC) July sight had an estimated value of $420 million before deferments or ex-plan, as De Beers reduced prices slightly. At press time, DTC sightholders were expected to reject goods to be offered, which would...
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Rough Markets
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Jul 19, 2012
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Avi Krawitz
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The World’s Leading Diamond Hub
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Competition is rising between the diamond trading centers. Not only are there new kids on the block vying for a greater portion of the global rough and polished trade, but the diamond distribution...
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Rough Markets
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Jul 13, 2012
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Avi Krawitz
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Botswana's Diamond Exports -36% in May
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Botswana’s diamond exports fell 36 percent year on year to $324 million in May 2012, according to data released by the Bank of Botswana. During the first five months of the year, the country’s diamond exports declined...
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Rough Markets
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Jul 08, 2012
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Avi Krawitz
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Supply Versus Profit
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The first half of 2012 ended in a state of despair for the diamond industry. Prices have softened and trading is muted all around. De Beers and ALROSA have reduced supplies but maintained high prices, despite...
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Polished Markets
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Jun 29, 2012
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Avi Krawitz
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