Country overtook Botswana in 2023.
Canadian diamond manufacturer HRA Group has made its first splash in the lab-grown market, securing an exclusive partnership with Texas-based producer Plasmability.
Diamond trading slowed in July as US dealers closed for the two-week summer break. Economic and geopolitical uncertainty fueled caution, leading to a decline in polished prices.
De Beers’ revenue rose by almost a quarter in the first half of 2022, but the miner gave a more somber outlook for the rest of the year as polished demand has slowed.
With Special Guest Wes Tucker
With Covid-19 no longer a plausible reason, the industry is starting to suspect that a thorny issue is preventing the miner and the government from finalizing a new sales agreement.
Higher output in Angola and Zimbabwe offsets closure of Australia’s Argyle mine.
1ct. RAPI -1.8% in June
De Beers Forevermark will require its partners to sell the brand’s own jewelry designs in a strategic shift aimed at achieving greater consistency.
Current terms will remain in effect until June 2023.
Natural Diamond Council needs to fill the $31M gap left by Alrosa’s withdrawal.