Alrosa's U-turn on Sales to Gokhran
November 28, 24
Alrosa is to sell a batch of rough diamonds, among them a 390.7-carat stone, to the Gokhran as it battles ongoing sanctions and weak demand. It's a U-turn for Russian miner that insisted earlier this year that it would not be using the state-run minerals... Read More...
It's No Longer Boy Meets Girl . . .
November 28, 24De Beers Group CEO Al Cook highlighted the changing nature of marriage at the Facets 2024 conference in Antwerp. "As marriage ages go up, people increasingly look to recognize that marriage is no longer boy meets girl," he said... Read More...
Cutting Edge Helicopter Tech in Lucapa Exploration
November 28, 24Lucapa is using a new generation of helicopter-borne technology in its exploration of the Merlin Diamond Project, in Australia's Northern Territory, as it aims to revive the mothballed deposit. The new electromagnetic (EM) system... Read More...
De Beers to Cut Sightholder Numbers
November 27, 24De Beers says it will further reduce the number of sightholders, in a move designed to build partnerships that "create value". The emphasis will be on quality rather than quantity, CEO Al Cook told the Facets 2024 conference in Antwerp ... Read More...
Botswana to Become Second G7 Diamond Node
November 27, 24A second verification point for rough diamonds is to be established in Botswana to ensure sanctioned Russian goods do not enter G7 countries. And there are moves to set up further nodes, or verification points, in Namibia, Angola and... Read More...
Memo by John Jeffay
November 28Demand is down, supply is down. We all know consumers aren't buying natural diamonds like they used to. And global production is in decline. But what about the future? Al Cook, De Beers Group CEO, addressed the challenges of finding new diamond reserves at the ... Read More...