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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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Toby Frears Appointed Head of Okavango Diamond Company
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Botswana’s state-owned Okavango Diamond Company (ODC) appointed Toby Frears, a former De Beers executive, its first managing director as the company plans to launch trading in Gaborone by the second quarter of 2013.“The appointment of Mr. Frears...
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Rough Markets
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Aug 13, 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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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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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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DTC to Allow Deferments as Rough Market Chokes
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The Diamond Trading Company (DTC) has informed its sightholders that they can defer goods at the next DTC sight as diamond cutters face tight liquidity and low profit margins. Sightholders may reschedule...
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Rough Markets
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Jun 28, 2012
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Avi Krawitz
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Botswana’s Decision
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There’s a dark horse lurking in the shadows of the diamond industry in the form of the Botswana government. Not only is it about to become a major rough diamond supplier in its own right – that is, independent of the Diamond...
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Rough Markets
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Jun 15, 2012
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Avi Krawitz
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DTC June Sight Estimated at $540M
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The Diamond Trading Company's (DTC) June sight had an estimated value of $540 million. The De Beers rough distribution company made slight adjustments to prices and assortments that enabled the boxes to maintain their value....
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Rough Markets
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Jun 13, 2012
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Avi Krawitz
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DTC May Sight Estimated at $520M
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The Diamond Trading Company's (DTC) May sight achieved an estimated value of $520 million. The De Beers distribution unit made slight adjustments on its prices, by increasing some boxes while decreasing others. Louise Prior, the...
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Rough Markets
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May 03, 2012
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Avi Krawitz
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Botswana's Diamond Exports -19% in March
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Botswana’s diamond exports fell 19 percent year on year to $411.3 million in March 2012, according to figures released by the Bank of Botswana. During the first quarter of the year, the country’s diamond exports declined by 27 percent...
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Rough Markets
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Apr 30, 2012
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Avi Krawitz
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Botswana's Diamond Exports +25% in Feb.
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Botswana’s diamond exports rose 25 percent year on year to $306.5 million in February 2012, according to figures released by the Bank of Botswana. During the first two months of the year, however, diamond exports fell 32 percent...
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Rough Markets
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Apr 15, 2012
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Avi Krawitz
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DTC Confirms Sightholder List
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The Diamond Trading Company (DTC) confirmed its list of sightholders for the 2012-2015 supplier of choice contract period. The De Beers rough distribution unit launched its website www.dtcsightholder.com over the weekend providing information...
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Rough Markets
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Apr 02, 2012
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Avi Krawitz
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De Beers Reports Global Diamond Sales +10%
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Global diamond jewelry sales increased by 10 percent in 2011 spurred by continued growth in China, according to De Beers research obtained by Rapaport News. The rate of growth was on par with the increase in 2010. De Beers also concluded that...
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Retail
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Mar 29, 2012
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Avi Krawitz
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