Category: Rough

De Beers’ Latest Sight Brings Diamond Crisis into Focus

Small rough is the biggest victim as tariffs compound the industry’s challenges.

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.

1-carat RAPI rises for second straight month.