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Category: Rough

Russia Overtakes Botswana for Rough-Production Value in 2023 

Country records $3.6 million in output despite weak market and sanctions.
Petra rough diamonds image

Continued Market Weakness Hits Petra’s Rough Prices

Like for like down 3.8% in tender 7 compared to previous sale.
A De Beers Sightholder examining rough diamonds Botswana image

De Beers Sales Slide as Market Weakness Persists

Revenue from fifth sight down 18% from last cycle and 31% year on year.
De Beers rough packets credit Ben Perry/Armoury Films/De Beers)

De Beers Looks to Long-Term Market Recovery Amid Drop in Sales

Fourth cycle total down 21% year on year and 15% from April.
petra rough diamond image

Seasonal Slowdown Dents Petra’s Rough Prices

Like-for-like at sixth tender falls 2.6% from previous sale.

Three Lucapa Diamonds Rake In $10.5M at TAGS Tender 

Total prices achieved for goods at sale surpassed reserve by 17%.
De Beers sight box image

De Beers Cuts Prices of Smaller Rough Diamonds

Reductions aren’t enough to ease profitability concerns, sightholders say.
De Beers Botswana 1280 rough diamonds USED 042524

De Beers Moving Auctions Head Office to Botswana

Relocation from Singapore will bring business under same roof as sightholder sales.
De Beers sight 1280 USED 013124

De Beers Sales Down but on Road to Rebound

Revenue from rough diamonds rises from last sight, still falls 18% from a year ago.

Grizzly Sells 4,145ct. Rough Emerald for over $1M

Nearly all lots sold at auction, which garnered total of $19 million.

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