RAPAPORT. De Beers has reduced its 2021 production plan for a second time, citing operational issues at mines, even as diamond demand looks strong at the start of the year.The company expects to recover 32 million to 34 million carats this year, compared with a previous outlook of 33.
Sales at Alrosa showed a strong recovery in the fourth quarter of 2020 amid holiday demand and a rise in activity at Indian diamond manufacturers.Revenue from rough diamonds grew 29% year on year to $1.14 billion, the company reported Thursday, as a release of pent-up demand enabled the Russian.
RAPAPORT. Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million totals the Russian miner hasn’t exceeded since.
De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers wants as many clients as possible to be adding.
RAPAPORT. Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million totals the Russian miner hasn’t exceeded since.