Diamond prices remain ‘under pressure’
Polished diamond prices continued to slip in February though the market did see a bit of a lift for 1-carat stones, Rapaport’s RapNet Diamond Index shows.
Diamond prices slip again in January
Prices for 1-carat laboratory-graded diamonds fell, albeit just slightly, in the month of January even as polished diamond demand improved, continuing a downward trend that began in April.
Polished diamond prices plummet in 2014
Slowing demand in China, reduced bank credit and tight profit margins led to a decrease in polished diamond prices last year, according to the Rapaport Group.
RapNet app now works on Android phones
RapNet, the diamond trading network operated by the Rapaport Group, has released a new Android-compatible version of its mobile application following the success of its app for iPhones.
RapNet app now syncs with desktop site
The Rapaport Diamond Trading Network announced that it will launch an updated version of its mobile application for the iPhone Sunday to allow RapNet members to more easily do business on the go.
198-carat rough diamond sells for $10.6M
Mining company Gem Diamonds Ltd. announced Wednesday that it sold the 198-carat white diamond discovered in July for $10.6 million, a price that works out to more than $53,000 per carat.
Blue diamond nets $28M but falls short of record
The 122.52-carat blue diamond recovered from the Cullinan mine sold for $27.6 million to a beneficiation partnership between the company that mined it, Petra Diamonds Ltd., and a “polishing partner” that wishes to remain anonymous.
Rough prices up 6 percent year-to-date
Alrosa reported a 13 percent increase in revenue from rough diamond sales in the first half of the year in a “positive” market where it said rough prices rose about 6 percent.
Lucara sale of exceptional rough nets $40M
Mining company Lucara Diamond Corp. generated more than $40 million at its recent tender of high-quality rough diamonds from the Karowe mine, which consisted of 16 single-stone lots.
Petra’s big blue diamond goes for $25M
Petra Diamonds announced Friday that it has sold the 29.6-carat rough blue diamond it uncovered at the Cullinan mine in South Africa last month.
Court tosses WB David claim against De Beers
A federal judge in New York has dismissed W.B. David & Co. Inc.’s lingering claim in its 10-year-old case against De Beers’ rough diamond sales arm, the last outstanding antitrust case against the diamond miner and marketer in the United States.
Antwerp Diamond Bank sold to Chinese company
KBC announced Thursday that Shanghai-based Yinren Group has acquired its subsidiary Antwerp Diamond Bank (ADB), one of the leading financers of the diamond trade, for an undisclosed sum.
Stock market index for diamonds to launch
An index that tracks the price of diamonds like the NASDAQ 100 follows
the largest non-financial companies is slated to launch in the near
future, with a diamonds-as-investment vehicle potentially not far
De Beers class action drawing to a close
The last of the checks in the De Beers class-action lawsuit settlement
should go out in the next couple of weeks, and the case--which began
more than 10 years ago and initially was settled in 2008--should be
closed by year’s end.
IDEX Online: Diamond prices to rise 6 percent a year
Diamond prices will rise by an average of 6 percent annually through to
2020 due to constrained supply not being able to meet rising demand from
China and India, according to BMO Capital Markets analyst Edward