Category: Rough

De Beers Shrinks Sales Team in Latest Cost-Cutting Drive

Restructuring of trading department reflects ongoing market crisis.

Assessing the impact of De Beers, Alrosa, Angola — and the tariffs.

Bonas will offer over 900 lots from Botswana, Canada, Lesotho, Angola and more.

Revenue down 24% in first half.

Offloading inventory at reduced margins supported sales amid difficult market conditions.

Rough of 2.50 to 4 carats has been strong for two months, leaving some perplexed amid mixed polished sales.

Companies sell 15 lots totaling 865.19 carats.

Russia has allocated $1.97 billion through 2027 for state repository to purchase precious metals and gems.

Country edged out Botswana for first place in 2023.

Conflict-diamond watchdog struggles to find new chair.

The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.