Strong Holiday Demand Boosts Pandora Revenue
Figure up 11% year on year in fourth quarter.
Figure up 11% year on year in fourth quarter.
Parent company slashes diamond miner’s production plan by 10 million carats.
Parent company slashes diamond miner’s production plan by 10 million carats.
Figure up 11% year on year in fourth quarter.
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Market Comment – Feb. 6, 2025
US customs issues notice requiring “country of mining” for diamond imports, effective April, based on Russian sanctions for 0.50 ct. and larger sizes. We expect this regulation to change.
President Trump imposes additional 10% tariffs on Chinese goods.
Polished quiet after slow 2025 start, with 1 ct. RAPI -2.3% in Jan. Lower restocking than usual for this time of year.
Good traffic at Centurion and AGTA shows.
De Beers slashes 2025 production plan by 10M cts. to 20M-23M cts. and confirms Botswana deal.
Shift to larger goods at Okavango Jan. sale pushes average price up to $218/ct. from $122/ct. in Oct.
New RapNet gemstone service launches at Tucson AGTA show.
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