Interview with Rubel & Menasche

Interview

How lab-grown, transparency, Amazon’s low price-point jewelry, Anglo American’s takeover of De Beers and high retailer fragmentation are influencing the diamond industry today. The second in a series of interviews with Rubel & Menasche’s Marianne Riou is here.

De Beers Sales +11% in 2014

Rough diamond sorting - De Beers

Anglo American announced its results this morning and with it De Beers‘ results: Sales: $7.114 billion (+11%) Carats sold: 32.73 million carats (+5%) Underlying EBITDA: $1.818 bln CAPAX: $689 million Return on CAPEX: 15% Highlights from the 2014 financial report: De Beers’ underlying EBIT increased by 36% to $1.4 billion (2013: $1.0 billion). The increase was due primarily to solid demand across …

Rio Tinto’s Diamond Sales +5.8% in 2014

Rio Tinto’s Diamond Sales +5.8% in 2014 The Argyle Pink Jubilee Diamond

A strong rise in rough diamond prices have led to an increase in Rio Tinto’s gross revenue from diamonds in 2014 despite a sharp drop in production. Gross revenue increased to $901 million, up 5.8% from $852 million in 2013. In 2014, the company mined 13.87 million carats, a 13% year-over-year decrease. The decrease coincides with the move from open-pit …

Japan’s Diamond Imports in 2014: Less for More

Japan's Diamond Imports in 2014: Less for More

Japan’s polished diamond imports edged up in 2014, however, the quantity of diamond imports by carat has declined, according to data recently released by the country’s ministry of finance. Japan is one of the world’s four largest diamond-jewelry consumer markets. In 2014, Japan’s gross polished diamond imports totaled $888.6 million, up 1.6% over the prior year. The average value of imports …

Specialty Jewelers’ Sales Tumble in November

Specialty Jewelers’ Sales Tumble in November 2014

November 2014 sales by specialty jewelers in the US declined 7.1% year-over-year to $2.73 billion, based on preliminary figures from the US Bureau of Labor Statistics.

Large December Sight

Sorted rough in bags. Photo: De Beers

As expected, De Beers has an uncharacteristically large December Sight. According to early estimates, the Sight this week offered ~$650 million worth of rough diamonds. There was very little ex-plan reported and box assortments are leaning towards smaller size goods, which possibly explains the somewhat lower prices.

ALROSA Returns to Dubai

Palm Dubai

ALROSA has reopened its ARCOS East DMCC sales office in Dubai in November after suspending activity in the emirate during the market downturn in 2009. In a press release published today, ALROSA said the decision to reopen is connected to the rapid growth of Dubai as a global diamond-trading center. Among the Russian diamond miner’s goals for the Dubai presence …

Rough Diamond Market Report: Subdued Market Ahead of Diwali

Even with a very small supply of rough diamonds from the major diamond suppliers De Beers and Alrosa during this diamond cycle, premiums in the secondary market were so low that in some categories it meant selling at a loss for the first hand buyers – the Sightholders and Alrosa clients. There are several reasons for this, the upcoming Diwali holiday …