Lucapa Diamond and Petra Diamonds both released performance updates with record revenues. For Lucapa, revenue from Mothae (Lesotho, sold via Antwerp) and Lulo (Angola) was up nearly 300% to US$27m total in H1. Petra Diamonds 2021FY revenue, marketing its goods via Antwerp, was up 65% to US$402m, with the highest contribution from exceptional diamond sales in the history of the company.
Hennig Tenders has announced it will present for sale an exceptionally large selection of polished diamonds in all sizes, shapes, colours and qualities. Viewings will take place at the Hennig Tenders Antwerp office between Thursday 23rd September and Monday 4th October 2021 by appointment.
To book an appointment, contact Hennig Tenders at firstname.lastname@example.org or call 03 500 8050.
As of September 1st, the Belgian government has eased travel restrictions for travelers who want to travel to Belgium, the ban on non-essential travel to Belgium no longer applies to travellers who, prior to arrival on the territory, hold a “vaccination certificate” including those issued in a country not belonging to the European Union and containing at least the following information in Dutch, French, German or English will be accepted:a vaccination certificate issued in a country not belonging to the European Union and containing at least the following information in Dutch, French, Germ
Russian miner Alrosa will be tendering a total of 10,836ct of goods, including fancy colors from August 25 to Sept 3 and auction from Sept 3 to Sept 23, including specials for a total of 2,140ct in Antwerp.
According to figures released by the Antwerp World Diamond Centre, for the second consecutive month, the rough business in Antwerp is outperforming prepandemic levels of 2019, as July’s rough imports, amounting to 8,1m cts, were up 174% in value and 141% in volume (ct) compared to July 2019. Rough exports also continue to soar, growing 153% to US$ 1.1bn and +120% compared to the same month in 2019 in volume to 10,3m cts.
Rio Tinto’s final Argyle Pink Diamonds Tender collection of rare pink, red, blue and violet diamonds is being showcased to connoiseurs, collectors and luxury jewellers in Antwerp, Belgium.
On Thursday 29th July in Antwerp, Grib Diamonds sold $65M of rough diamonds mainly from its wholly owned Russian Mine, as well as some smaller amounts of Angolan Goods. In total 650K carats were on offer and Grib saw continued high demand in its Spot Sale. The highlight of the sale was one Russian Origin 7ct Violet stone which sold for more than $100K per carat. This is the highest per carat stone ever sold by Grib in its 7 year history. Grib’s next Spot Viewings will start from the 10th September in Antwerp.
Petra Diamonds Limited today announced that it has recovered a 342.92 carat Type IIa white diamond of exceptional quality in terms of both its colour and clarity at the Cullinan mine in South Africa. The diamond is likely to be sold via the Company’s upcoming tender during September 2021. The news comes just days after Petra Diamonds released its latest market update, indicating revenue for FY 2021 jumped 38% to US$406.9m, driven by the sales of exceptional stones such as the 39.34ct rare blue diamond that fetched over US$40m just weeks ago.
Figures released by the Antwerp World Diamond Centre (AWDC) on the trade in Antwerp in the first six months of the year demonstrate the city is back on track of the pre-pandemic upturn seen in the first few months of 2020, outperforming 2019 figures on rough trade with double digit growth.
Petra's has announced the sale of the exceptional TypeIIb blue 39.34ct, which was recovered at the Cullinan mine in South Africa earlier this year, and started its viewing tour in Antwerp to a partnership between De Beers and Diacore, for a whopping US$40.180.180 or over US$1m per carat.
On Monday 21 June, Grib Diamonds sold over $40 million rough diamonds of Russian origin through its online, ascending clock auction software in Antwerp.
According to Grib Diamonds, all lots of 520k carats were sold and prices hit record levels in every category. Especially the smaller goods marked strong price increases.
Grib’s next sale of Russian and Angolan goods is scheduled to start on 12 July.
Namakwa Diamonds & Storm Mountain Diamonds announce the discovery and upcoming sale of ‘The Pink Palesa’.
The 21,86 ct natural pink diamond will be sold in Antwerp by Bonas Group. The stone was discovered on the 18th of May at the KAO mine in Lesotho. The Palesa, derived from the local Sesotho word for ‘flower’, will travel to Antwerp to be offered for sale during KAO’s next sale.
Grib Diamonds’ Ascending Clock Spot Auction of Friday 4 June in Antwerp was very successful. They sold 38,000 carats of Angolan Run of Mine goods for $27 million, achieving high prices across all categories of diamonds. 134 diamond companies worldwide bid in the auction on over 100 Lots. Grib Diamonds received nearly 1,800 bids.
The next viewing for Grib Diamonds starts on Wednesday 9 June. 520,000 carats of Russian production for the Grib Diamond Mine are being auctioned, with the auction itself on 18 June.
Grib Diamonds, the Belgian rough diamond company owned by AGD Diamonds, is joining the Sarine Diamond JourneyTM traceability program. The company, which has mining operations in Russia, can now offer customers stones with "birth-registrations" authenticating their origin. By augmenting their data to include the registration of origin and other information derived at the source, Grib will enable their midstream manufacturing customers to provide their downstream retail clients with fully documented traceable diamonds from the mine and throughout the polishing process.
In August, the Antwerp World Diamond Centre (AWDC) and the University of Antwerp (UA) will host the fourth edition of the Antwerp Summer University (ASU) ‘From Mine to Finger, discover the world of diamonds in every aspect’. During this fully-fledged digital summer school, participants will get to know the diamond industry inside out thanks to an intensive program including fascinating virtual site visits, lectures, workshops and keynotes by internationally renowned academics and professionals.
The global diamond market is under restraint as the supply of polished goods is delayed due to the Covid-19 surge in India. Trade has shifted to leading centers like Antwerp, where dealers are busy filling orders, predominantly through online and remote selling.
Overall the rough market in Antwerp appears to be stable as the center will host ten tenders this month. Year to date, Antwerp has hosted nearly 40 tenders. There is consistent demand for 1 to 3-carat polished diamonds, ranging from D to J color and IF to SI clarity.
The Antwerp World Diamond Centre (AWDC) and the Belgian Embassy, supported by the Angolan Ministry of Minerals and Petroleum (MIREMPET), organized a 2-day visit to Angola, bringing the CEO's of 20 Antwerp diamond companies. The mission signals a renewed interest from both Antwerp and Angola to work together more closely.
Sarine Technology, a leader in precision technology products for the planning, grading, and trading of diamonds and gems, announced it had joined HB Antwerp as a technology partner. The partnership aims to demonstrate that transparency and open collaboration can benefit all the stakeholders throughout the value chain.
Russian miner ALROSA held auctions for special-sized rough diamonds, those exceeding 10.8 carats, at its main trading offices in April to meet their clients’ demands. In total the miner sold 608 diamonds with a total weight exceeding 9,120 carats. Overall revenue amounted to US$42.3million, Of which US$10.3 million In Antwerp.
They were able to host viewings in Antwerp, Dubai, Moscow, and Ramat Gan, with buyers coming from those hubs as well as India and China.
Australian miner Lucapa and the Govt of the Kingdom of Lesotho have announced the third sale of 2021 of Mothae rough achieved US$1.5m or US$420/ct. All of Mothae’s diamonds are brough to Antwerp where they are prepared for sale and sold in Antwerp. The parcels that form part of Lucapa’s and the Govt of Lesotho’s partnership deal with Safdico are then studied and cut and polished in the city by a preeminent cutting facility.
In their latest auction in Antwerp, Grib Diamonds sold over 580,000ct of rough diamonds for approximately US$40m. According to Grib demand continued to be strong for larger better quality rough, especially for 5-10ct, 2-4ct, 4-6GR, and even goods down to +11 showed robust prices. Results for smaller goods were weaker and saw decreases except for the -7+5.
Overall their production prices saw a low single-digit increase.
The next regular sale will be of new Angolan production containing rough from +10.8CT down to -7+5 with viewing starting in Antwerp from the 21st May.
While the pandemic continues to affect the world, among others forcing India’ s Bharat Diamond Bourse to temporary close operations, Antwerp’s Q1 figures further confirm the industry’s recovery, set in motion in Q4 2020. According to the Antwerp World Diamond Centre (AWDC), releasing the figures, the data demonstrates Antwerp’s dominant position as the world’s most important rough diamond trade hub.
First Element Bv today announced that they have sold the 162.66Ct exceptional stone on their tender last week held in Antwerp, Belgium. The stone was viewed by over 100 companies during the tender period and received extremely strong interest from the Antwerp market, First Element said, which reflected in the highly competitive bidding for the stone. The stone sold for a total price of well over $3 Million
Alrosa today announced that the combined results of its recent specials auctions in honor of the miners’ 100th auction, totaling US$23.9m. Of that number, US$10.7m came from the sales in Antwerp, US$5.5 from its digital auctions and US$7.7m was achieved from the sale of three large stones (242.31ct, 190.74ct and 136.21ct) at the 100th “Jubilee Auction”.
Lucapa announced a parcel of selected Mothae stones including a 213ct white diamond and 11ct pink, was prepared, analyzed and sold successfully in Antwerp for US$1,050/ct or a total of US$5.9m to the miner’s purchasing partner. The sale was conducted under the partnership agreement with the Kingdom of Lesotho, maximizing revenue for the country through a share in the final sales outcome of the (selected) stones from the parcel, once they are polished in Antwerp.
Grib Diamonds sold over 620K carats of Grib and Angolan production on Thursday 18th March in Antwerp Belgium via its online Ascending Clock Auction. Total revenues were over $50M.
Prices in Specials and +4Gr goods showed continued strength, whilst goods were predictably weaker in the smaller and cheaper areas, Grib commented. The next sale for Grib will start on April 14th
In a press conference earlier today, the Antwerp World Diamond Centre, together with the City of Antwerp, announced they would (re)organise a diamond polishing course.
In its next tender, slated for March 17 to 23 in Antwerp, First Element will be offering an exceptional 162ct white stone as part of its South African alluvial production.
Antwerp figures, released by the AWDC, indicate the trade in rough diamonds continues to boost recovery from the pandemic year, as rough trade even surpassed the February figures of 2020. January and February 2020 were the last months before the global outbreak of the COVID crisis, now exactly one year ago, when strong performances were recorded across the board and the industry seemed to finally rise from the dip of 2019.
Petra Diamonds has successfully sold the 299ct Type IIa white rough diamond, recovered from the Cullinan mine in January this year, at its recent Antwerp tender, for US$40,701 per carat or US$12.18 million to Stargems.
Belgian-based company Almax easyLab, a company specialized in producing super precise polished diamonds for high-tech scientific applications, is playing an instrumental role in the recent NASA mission to Mars. They have polished the natural diamond, sourced via Antwerp, the world’s leading diamond hub, that is used in a spectroscope, a device that enables the search of signs of life on Mars, on board of NASA’s Mars-Rover robot Perseverance.
A lovely springtime sun is warming up the Antwerp diamond square mile, boosting temperatures from snowy below zero barely a week ago to a pleasant 15°Celcius. The weather is echoing the sentiment on the market and at Petra Diamonds, as both have emerged from tough times probably stronger than before.
Since the outbreak of the pandemic in March last year, Petra Diamonds was one of the first to shift gears as the world was paralyzed. The Johannesburg sales were put on hold and the miner started focusing its sales on Antwerp, where operations continued despite global lockdowns.
While most of the world went into lockdown in the spring of 2020, Dubai and Antwerp reopened for business in the summer. Both centers held viewings for goods as clients were unable to travel to remote locations such as - in the case of De Beers clients - Botswana.
In January De Beers’ rough diamond sales reached $650 million, the highest monthly total since 2018. This was in part due to manufacturers replenishing their stock following the holiday season. Despite the company's recent price increase in rough diamonds, revenue is up 18% y-o-y, and 44% above the $452 million it reported in December 2020.
In its latest trade update, Gem Diamonds, the mining company that operates the high value diamond Letšeng mine in Lesotho, presented a remarkably good report considering the impact of the pandemic on the global diamond industry.
In a first sale of Mothae goods this year, Lucapa's Mothae operation sold 4,676ct of rough for nearly US$5.6m, with a number of high value "specials" diamonds (10.8ct+), including the 101 D colour rough recovered at the end of 2020. The rough diamonds, achieving a record price of US$1,198/ct were prepared, analysed and sold in Antwerp to partners, in line with the new marketing agreement Lucapa and the Government of Lesotho made last year, to see Mothae benefit from the cutting and polishing of its precious resources.
While it is clear COVID-19 had a major impact on what will be recorded in history as one of the most difficult years ever for the global diamond industry, one thing is certain, as far as diamond trade is concerned, Antwerp managed to keep the engines running in 2020, fueled by nearly 100 rough tenders that were held in the city in the past year.
Today AWDC President Chaim Pluczenik and AWDC CEO, Ari Epstein, honored retiring ALROSA BELGIUM Managing Director, Sergey Panchekhin, who worked for the Russian miner for more than 20 years, and welcomed his successor, Akil Zubir to the Antwerp diamond community. Apart from leading the Belgian branch of ALROSA, Mr. Panchekhin, who started his career in diplomacy, took up several mandates, including setting up and managing ALROSA offices and operations in Angola.
Lucapa Diamond Company announced the result of a partnership deal with Safdico, cutting and polishing the 46ct pink rough diamond recovered by the Sociedade Mineira Do Lulo (SML). The exceptional rough stone was studied and polished in Antwerp and cut into a 15.2ct, Fancy Intense Orangy Pink heart-shaped diamond, alongside two pear-shaped diamonds of 3.3ct and 2.3ct diamonds.
In the auction concluded on November 24, GRIB Diamonds, the Belgium based diamond trader, owned by AGD Diamonds, netted US$23 million for a total of 8,700ct of rough diamonds, significantly exceeding expected revenue, especially for white goods, including three type IIa stones of 199.43ct, 86.29ct and 50.32ct respectively, each sold for US$1m+.