Latest Rough

Alrosa Follows De Beers with 10% Cut to Diamond Prices

Market expects Russian miner’s rough sales to remain muted.

Miner will hold 10 sales during the year.

Decrease of 10% to 15% is not enough to generate profitability, sightholders argue.

Goods came from three Angolan mines, including first-timer Sangamina.

Continued high levels of inventory in midstream, weak demand and expectations of protracted recovery affect output levels.

Like-for-like values down 9% at first two tenders of fiscal year.

Sale exceeds expectations, with 95% of goods sold

Botswana state-owned rough trader also called off November auction.

Stone is 13th over 100 carats that company has recovered this year and fifth in just over a month.

Miners press ahead with policy of supply flexibility.

Luxury groups are reporting strong sales at their jewelry maisons. Why isn’t the diamond trade reaping the rewards?