Archive

  • Lucapa, Endiama and Sodiam announced the sale of seven exceptional stones, weighing 620 carats, for a total sales price of $21,4 million, representing an average price of $34,548/carat. The large, top-quality and fancy colored diamonds, recovered at Lulo this year, were sold via tender organized by Sodiam in Luanda.

  • Earlier this year Petra Diamonds announced the recovery of a 39.34 carat Type IIb blue diamond from the Cullinan mine in South Africa. The diamond, known for its exceptional quality in terms of both its color and clarity, is currently in Antwerp for viewing, is expected to yield upwards of US$1 million per carat. Next week it will continue on its world tour till early July. Bidding will close on Monday, July 12.

  • In April this year, Petra Diamonds announced the recovery of a 39.34 ct. Type IIb blue diamond of exceptional quality in terms of both color and clarity at the Cullinan mine in South Africa. The stone will be sold via a special tender with viewings starting in Antwerp from 14 – 18 June 2021, followed by Dubai from 22 – 23 June, Hong Kong from 29 – 30 June and New York from 7 – 9 July 2021.

  • The Angolan state National Diamond Trading Company SODIAM announced its 3rd rough diamond tender in Luanda, Angola in June 2021. The sale will include a selection of exceptional Single Stones from the Catoca, Luele, Lulo and Uari mine, as well as an assorted run-of-mine cut across all sizes of (the highly expected) Luele Kimberlite production. The total value of tendered goods is an estimated 27 – 30 million USD.

    Viewings will take place from 9 to 23 June 2021 at the SODIAM viewings facility in Luanda. Bid submission ends on 24 June 2021, 11:00 Luanda time.

  • Rio Tinto unveiled a preview of its final showcase of rare Argyle pink, red and blue diamonds from its iconic mine. As mining ceased at Argyle on 3 November 2020, the 2021 Argyle Pink Diamonds Tender showcases the final collection from the last year of Argyle operations, with viewings set to take place in Perth, Sydney, Singapore and Antwerp over the course of the next three months. 

  • In April, ALROSA, the Russian diamond mining giant, completed an online auction for special-sized rough where nearly 95% of the lots sold. The auction, which took place without physical viewings, used digital twin technology so clients could analyze goods remotely and trace polished diamonds back to their mine.

    The miner sold 142 lots, weighing approximately 2,040 carats, for US$8.8 million. The auction had 238 registered clients, of which 27 placed winning bids and were from Belgium, Israel, India, UAE, Russia, and the USA.

  • Lucapa announced the sale of a parcel of Lulo rough, totaling 4.000cts for US$5m or US$1,239/ct. Seven high-value stones, including two pinks will be part of a later sale. In total this year to date, Lulo’s rough sales amount to US$14.5m or an average of US$1,557/ct for a 9,312 carats of rough.

  • 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.

  • 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.

  • 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”.

  • 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 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.

  • 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.

  • Industry analyst Paul Zimnisky’s recent release of a full year of the Zimnisky Global Rough Diamond Price Index (more info on the index here) confirms earlier reports from recent sight and contract sales as well as tenders held in Antwerp in recent weeks such as Petra Diamonds, Mountain Province and Grib Diamonds, th

  • 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.

  • In a press release, SODIAM, the state controlled diamond marketing arm of Angola has announced that together with special advisor and former Dubai frontman Peter Meeus, they will continue talks with five tender houses (Bonas, First Element, I-Hennig & C°, Koin International and Trans Atlantic Gem Sales) who responded to a request for proposal and expressed interest to set up operations in the Angolan Diamond Bourse (ADB), to be established in Luanda.

  • 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+.

  • Hennig Tenders will be holding a 2nd tender of Angolan RoM goods in Antwerp from 12-21 October, following a 1st succesful tender of +5ct Angolan RoM rough which concluded last week. This follow-up tender of a large volume of rough stones of smaller sizes (4 carats and below) will consist of a combination of bespoke cuts in both the high value 2.5-4 carat assortments and the RoM parcels in all other sizes as well as some fancy colour stones.

  • In its latest tender in Antwerp, GRIB Diamonds sold over 400,000ct of rough diamonds from its mine in the Russian Federation with proceeds in excess of US$ 25 million as well as US$ 2 million of Angolan goods. According to GRIB Diamonds, prices were slightly lower, on average 5%, as the market recalibrates after the large increase in demand seen in the September GRIB spot sale.

  • Mountain Province, owning a 49% interest in the Gahcho Kué mine in the Northwest Territories, resumed Antwerp sales this week for the first time since the pandemic broke out, a positive signal that boosted the miner's stock, up 9% on Monday. “The results of the first small sale, post the covid-19 pandemic are an encouraging start considering that the market has been at a standstill for nearly six months. The results of the sale were a positive sign as the markets for rough and polished diamonds start to return.”, CEO Stuart Brown commented.

  • Grib Diamonds sold 100% of its wholly owned Russian production in Antwerp yesterday, Monday 7th September. 390K carats of Russian goods were on offer which sold for more than $25M. Over 300 companies were invited to participate in the viewing of which 159 were active in the auction. “Bidding was stronger than any Grib sale seen since December 2019 with nearly 5,000 bids made. Prices rose to levels not seen since the beginning of the 2020, with particular strength noted in the cheaper goods and smalls.”, the company said.

  • Tender company Hennig Tenders will be holding a dual tender with viewings both in Ramat Gan and Antwerp of a large volume of original run of mine Angolan goods of 5ct and up, both single stones and parcels. The tender will also include a signicant selection of fancy colour stones, with a 45ct exceptional pink rough as the standout stone at the tender.

  • First Element Diamonds Services recently held the Jagersfontein Developments and Rooipoort Developments tender which concluded on Friday the 7th of August at the Antwerp Tender Facility. According to the company, the tender was exceptionally well attended and delivered strong results. Both of the mines offered their full Run of Mine productions which consisted of everything from Special +10.8Ct stones down to Melee goods.

  • On July 10th Grib Diamonds sold over $16M of rough diamonds from its fully owned Grib Diamond Mine in Russia. The rough diamond market is going through continued tough times with re-imposed lockdowns in the main cutting centre, India. However, Grib was able to sell more than 92% of the goods on offer and approximately 300k carats. According to Grib Diamonds, prices were slightly softer than the June sale with a small single digit reversal on June.

  • Currently on tender in Antwerp, Bonas Group and Namakwa diamonds are showcasing two exceptional rough stones from the KAO mine in Lesotho; a 88.21ct white and 13.74ct pink, part of an offering of singles stones and more than 60,000ct of the mines regular production. The tender is ongoing in the Bonas Group offices in Antwerp, through to July 16. 

  • In a statement Gem Diamonds has announced it has sold all large diamonds during its latest Antwerp tender, organized in strict compliance with COVID-19 measures. The company realized an average $/ct price of $1707 in H1, up from an average $/ct of $1687 in H1 and $1506 in H2 2019 respectively. A 13 carat pink diamond achieved $40,110 per carat, and a 61 carat white Type II diamond achieved $31,400 per carat. 15 diamonds sold in H1 2020 for in excess of $1 million each and one diamond for over $5 million.

  • The COVID-19 pandemic is causing a paradigm shift, not only in how we live our lives, stay in touch with friends and family or do our shopping, but also in the way we do business. In an industry that has long relied on face-to-face interactions, particularly in the rough trading business, the crisis is accelerating business processes at a rapid pace. The Diamond Loupe spoke with Johan Erikson, CEO of First Element, a tender house operating in Antwerp, on how their processes have changed in the past few months to adapt to “the new normal”.

  • The oubreak of the coronavirus has led to uncertainty concerning Lucara Diamond's next rough diamond tender, prompting the Government of Botswana to already give Lucara its permission to hold their next scheduled tender in Antwerp, if necessary. The next quarterly tender isscheduled to take place in mid May 2020, according to a statement from the Canadian miner.

  • In an effort to tackle difficulties caused by travel restrictions in the framework of the COVID-19 crisis, the Russian miner Alrosa has decided to cancel its special size auction and has set up a digital tender for a number of large rough diamonds, running from March 23 to April 6. Interested buyers will be able to see a full digital scan of the rough, making it easier to decide whether or not to make a bid.

  • The Antwerp World Diamond Centre (AWDC) has released a coronavirus-related update to the Antwerp diamond community, stating that the Diamond Office will remain open. The Diamond Office is essentially the beating heart of Antwerp's diamond trade, being the place where all rough and polished diamonds are imported and exported from the country. In a typical year, that is $46 billion annually, or $210 million every working day.

  • Koin International will hold a rough tender for the Kimberley Ekapa Mine (KEM) production from Kimberley, South Africa, from 27 February to 4 March. The tender includes an exceptional 82ct yellow diamond, recovered in February.

    The Kimberley Underground mines have a history of producing large diamonds and fancy yellows, such as the Oppenheimer (253 carats rough). The largest diamond ever recovered at Kimberley Underground was +800 carats and the mine is also the source of the Kimberley Octahedral, at 616 carats, one of the largest uncut diamonds in the world.

  • The second major tender of rough diamonds from the Democratic Republic of the Congo (DRC) at the Antwerp Diamond Tender Facility, located in the AWDC building, concluded Wednesday 12 February, closing the book on another highly successful sale. As with the first tender, held only two months ago, this one exceeded expectations: organizer Samir Gems sold some 535,000 carats of rough goods for $7.84 million.

  • This morning, February 6, some 535,000 carats of rough diamonds from the Democratic Republic of the Congo (DRC) went on tender at the Antwerp Diamond Tender Facility. The tender runs through Februay 12. The leading position of Antwerp as a rough diamond trading center convinced SACIM, a Congolese diamond miner, to hold its second Antwerp tender of DRC rough goods in the past ten weeks.

  • Bonas Couzyn tender house in Antwerp will hold a special tender of a 183.54 carat diamond from the Cuango mine in Angola. The stone (pictured) was shipped to Bonas directly from the Sociedade Mineira do Cuango in Angola.

  • Following the tremendous success of the first ever direct tender in Antwerp of rough diamonds from the Democratic Republic of the Congo (DRC), a second tender of 500,000 carats will be held in the coming weeks. Featuring rough stones from SACIM SARL (Anhui-Congo Mining Investment Company) mined in the Province of Kasaï Oriental, with 10-15% of gem-quality, the tender is being organized by Samir Gems and hosted by the Antwerp World Diamond Centre (AWDC) in its Antwerp Diamond Tender Facility. The tender takes place from 6 - 12 February 2020.

  • International rough diamond brokerage and marketing service provider I. Hennig today announced the launch of its innovative state-of-the-art online rough trading platform: “Virtual Broker”. Virtual Broker (VB) provides a secure environment for rough diamond trading where sellers and buyers negotiate online directly between themselves on a wide range of goods.

  • Bonas, a leading international diamond tender house based in Antwerp, will hold a gemstone tender alongside the February Bangkok Gems & Jewellery Fair (BGJF) for the very first time at the IMPACT Challenger Center, Bangkok, the group announced in a press release.