Rio Tinto had a good year in diamonds. A strong rise in rough diamond prices had led to an increase in gross revenue from diamonds in 2014 despite a sharp drop in diamond production. Gross revenue increased to $901 million, up 5.8% from $852 million in 2013. Breaking Down Rio Tinto’s Year In 2014, the company mined 13.87 million carats, a …
Insights Into the Diamond Industry - Page 13 of 13
Our latest insights, expert analysis and thinking on the topics that matter most in the diamond industry.
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 polished diamond imports totaled $888.6 million, up 1.6% over the prior year. The average value of Japan’s diamond …
Specialty Jewelers’ Sales Tumble in November
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
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. The large rough diamond supply at the December Sight follows a characteristically smaller …
ALROSA Returns to Dubai
ALROSA returned to Dubai and 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 …
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. In some categories, it meant selling at a loss for the first-hand buyers – the Sightholders and Alrosa rough diamond clients. There are several reasons for this, the upcoming Diwali …
