Rapaport Intelligence Report: The Brand Divide
Luxury groups are reporting strong sales at their jewelry maisons. Why isn’t the diamond trade reaping the rewards?
Latest Mining
President Duma Boko likely to outline key terms of deal in his State of the Nation speech Monday.
Company recovers 2.74-carat stone from Nakyn kimberlite field in Yakutia.
Advance payment for future diamond inventory provides near-term liquidity to run business.
Price per carat up 73% year on year to $1,945.
With Diavik mine closed, output down to 1.1 million carats over the past nine months.
Miner sells 91% of lots at an average of $565 per carat, up 102% from previous sale.
Retailers are in discussions with GDC to join the group.
Agreement between African country and leading bidder could pave the way for Anglo American to exit the diamond business.
Dutch private equity investor Kenzoll Capital partners with MSF Commercials to revive activities at the deposit, which holds 10.5 million carats of diamond resources.
Miner offloaded three of its four deposits over past two years to secure funding.
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