News Archives

: Category: News Archives; Created: 17 December 2020; Hits: 609

December 17, 20 by John Jeffay

(IDEX Online) - De Beers sold $440m of rough in December, indicating a sustained recovery in consumer demand.

It's the fourth consecutive month in which 2020 Sights have matched or surpassed their 2019 equivalents.

De Beers welcomed the steady demand for its goods, but cautioned that the ongoing pandemic still posed a threat.

The miner started offering discounts and extra flexibility to Sight holders in August, but reportedly increased prices by two or three per at an extended Sight 10, the last of the year, which took place in Gabarone, Botswana, last week.

The October and November Sights netted $467m and $462m respectively. The November Sight raised $440m, up from $426m in the same month last year.

Bruce Cleaver, De Beers CEO, said: "Positive consumer demand for diamond jewellery as we enter the holiday season is supporting the continuation of retail orders for polished diamonds from the diamond industry's midstream sector.

"This in turn supported steady demand for De Beers rough diamonds at our final sales cycle of 2020. While the diamond industry ends the year on a positive note, we must recognise the risks that the ongoing Covid-19 pandemic presents to sector recovery both for the rest of this year and as we head into 2021."

Pic courtesy De Beers shows rough diamonds being sorted for a Sight...

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: Category: News Archives; Created: 16 December 2020; Hits: 536

Long before coins were invented, probably in the kingdom of Lydia in western Asia Minor about the seventh century B.C., silver was widely used as a currency throughout the ancient Mediterranean.

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: Category: News Archives; Created: 16 December 2020; Hits: 540

Notably, officials did not change their tone with respect to economic conditions, reiterating that the recovery will depend on the course of the virus, and that the pandemic will continue to weigh on conditions in the near term. They say it poses “considerable risks” to the outlook in the medium term.

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: Category: News Archives; Created: 16 December 2020; Hits: 487

December 16, 20 by John Jeffay

(IDEX Online) - Antwerp's export of rough and polished diamonds fell again in November after both hitting a 2020 peak in September.

Rough exports were $725m, down from $957m in October. Year-on-year this was a marked decline, down almost 15 per cent, after a sharp rise of 75 per cent last month.

Polished exports fell by nine per cent in November to $612m, according to newly-released figures from the Antwerp World Diamond Centre (AWDC).

In October they fell by six per cent, having plummeted by almost 40 per cent in September.

Polished exports to the USA dipped by seven per cent year-on-year, but were up by more than 50 per cent to the United Arab Emirates.

Imports of rough and polished diamonds fell by nine and 14 per cent respectively.

Pic shows Antwerp Diamond Club trading floor...

Diamond News Archives

De Beers Sells $440m amid "Positive Consumer Demand"

Debased Silver: Ancient Egyptian Hoard of Counterfeit ‘Dirty Money’ Unearthed

Fed Leaves All Policies Unchanged, Will Keep QE Until "Substantial Further Progress" Made

Antwerp's Rough and Polished Exports Dip Again

Inflation May Be Primed for a Resurgence: Bloomberg