Monthly Archives: November 2016

Alrosa diamond sales less in October, but outlook is positive for the future

HANDLING-ROUGH-DIAMONDS image www.worldwidediamonds.info

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, said Tuesday that sales of rough gems dropped slightly in October, when compared to the previous month, though polished diamond sales remained unchanged.

Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September, Alrosa said. Polished diamond sales came to $8.2 million.

De Beers, the world’s top producer by value, also reported Tuesday a drop in rough diamond sales —the lowest amount so this year.

But diamond producers are used to the up and downs in sales as they know the industry is seasonal, reaching its peak from November through to February.

Alrosa, which together with De Beers controls almost two-thirds of the diamond market, said earlier it intends to recover 1.7 million carats of diamonds a year from its Verkhne-Munskoye mine, which is slated to begin production in 2018.

The construction of that mine, which has 38.3 million carats of booked reserves, is part of a long-term development program that aims to increase Alrosa’s diamond production to 41 million carats by 2021.

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De Beers recent sale the lowest this year in less than shiny display

diamonds-in-the-rough-cluster-on-black image wwww.worldwidediamonds.info

Diamond giant De Beers, the world’s top producer by value, saw its sales of rough gems fall in its latest offering, but said results were in line with expected seasonal demand patterns.

The Anglo American’s unit sold $470 million of diamonds in the ninth cycle, compared with $494 million fetched at its previous sale.

“Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De Beers rough diamonds, with sales in line with expected seasonal demand patterns,” the firm’s chief executive Bruce Cleaver said in the statement.

It sold $470 million of diamonds in the ninth cycle, compared with $494 million fetched at its previous sale.Rough-diamond prices have rebounded about 7.4% so far this year after De Beers and rival Alrosa reduced output in an effort to improve market conditions. Miners of the precious stone have been struggling due to weak demand and falling prices after global demand for diamond jewellery hit a high of $81 billion in 2014 and production soared, causing a supply-glut by 2015.

Russia’s Alrosa, the world’s top diamond producer by output in carats, also reported Tuesday a drop in rough gems sales.

De Beers, which currently has about 30% of the rough diamond market, began operations of at its newest mine in September. Gahcho Kué, in Canada’s Northwest Territories, is expected to contribute $5.2 billion (Cdn$6.7 billion) to the country’s economy and provide 1,200 new jobs.

This new operation as well as Stornoway’s (TSX:SWY) recently opened Renard mine in Quebec, are expected to add around 7 million carats annually to global production once fully operational, which is likely to affect prices, De Beers said in September.

De Beers sales for the year to date have reached $5.16 billion. The company was Anglo American’s largest profit driver in the first half of this year, accounting for about 40% of its underlying earnings during the period.

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World’s largest pair of pear-shaped diamonds could fetch up to $30m

worlds-largest-pair-of-pear-shaped-diamond-earrings-could-fetch-up-to-30m image www.worldwidediamonds.info

A newly created set of drop earrings featuring the world’s largest pair of pear-shaped diamonds, is expected to fetch up to $30 million when they go under Christie’s hammer in Geneva on Nov. 15.

The “flawless quality” rocks, weighing 52.55 and 50.47 carats, were made into earrings by Boehmer et Bassenge’s new boutique Maison de Haute Joaillerie, in Paris.

The piece of jewellery, named Miroir de l’Amour (Mirror of Love), will be sold alongside an exceedingly rare Fancy Vivid pink pear-shaped diamond ring, which is expected to sale for $16 to $18 million, the auction house said.

the-fancy-vivid-pink diamond image www.worldwidediamonds.info

white heart diamonds on white line

The Orange

the-orange

When it was auctioned in 2013, this diamond was the largest Fancy Vivid Orange diamond ever to have been discovered, weighing approximately 14.82 carats.

The gem, which sold for over $35.5 million — more than $15m above its high estimate — is also the largest Fancy Vivid Orange diamond ever graded by the Gemological Institute of America.

white heart diamonds on white line

The Winston Legacy

the-winston-legacy diamond image www.worldwidediamonds.info

On 15 May 2013 this exceptional pear-shaped gem — at 101.73 carats, one of the world’s most perfect diamonds — was the top lot in Christie’s record-breaking $102 million Geneva auction of Magnificent Jewels. It sold to Harry Winston for $26.7 million, setting a new world record at auction for a colourless diamond.

white heart diamonds on white line

The Blue

the-blue diamond www.worldwidediamonds.info

The world’s largest and flawless pear-shaped diamond set a fresh all-time record at a global auction for a blue diamond. It was sold to Harry Winston for $24 million — more than $1.8 million per carat — and it was rechristened as the Winston Blue.

The diamond industry has rebounded this year after Anglo America’s De Beers unit and Russian rival Alrosa axed supply in 2015. And while rough-diamond prices have gained over 7% this year, main actors such as De Beers have repeatedly warned the final months of the year could be more difficult.

white heart diamonds on white line

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World’s largest flawless heart-shaped diamond & this is it here

largest D Flawless heart shape diamond in the world image www.worldwidediamonds.info

Yes, they are a girl’s best friend. But, not every girl can get them and this particular gemstone is definitely a hard-to-get brilliant beautiful bountiful bling.

Graff Diamonds has just revealed in London its Graff Venus, the largest D Flawless heart shape diamond in the world, which weighs 118.78 carats and is the size of a walnut.

largest D Flawless heart shape diamond in the world image www.worldwidediamonds.info (2)

(Photo: Graff Diamonds).

This diamond has been described as a flawless type IIA with superb polish, excellent symmetry and nil fluorescence. These features are only accorded the top diamonds in the world.

The Venus heart shaped white diamond was cut from a 357-carat rough discovered at the Letšeng Mine in Lesotho in 2015.

It took 1.5 years for the stone to take shape, starting from the initial discovery, going through the analysis process and developing new technology to cut and polish the main diamond and the 22 other satellite stones yielded from the same piece of rough.

largest D Flawless heart shape diamond in the world study sketch image www.worldwidediamonds.info (2)

Will you be the lucky lady to receive this record-breaking superb white flawless heart-shaped gem? For now, Graff plans to showcase it around a number of countries before setting it as a jewel.

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