De Beers' recent sales cycle reflects a seasonal downturn amidst evolving market dynamics, with CEO Al Cook anticipating a rebound driven by upcoming events like the JCK jewelry show. #DeBeers #Diamonds #Sales #Economy #AngloAmerican #Jewelry #MarketTrends #BCS #Namibia #Mining #BusinessNews #Luxury #Investing #GlobalTrade #SEO
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#DeBeers made one of the steepest cuts to its #diamondprices in years, as the world’s top producer tries to revive #gem sales after the market ground to a halt. The industry almost came to a complete standstill in the second half of 2023 as the two biggest miners all but stopped supplies in a desperate attempt to stem a #collapse in prices. While those efforts helped the market to pick up a bit, it’s unclear how much appetite #trade buyers currently have. #Diamonds #Mining #InvestInAfrica #DiamondIndustry #AfCFTA #AU https://lnkd.in/dBBmuuYs
De Beers Cuts Diamond Prices to Revive Sales
bloomberg.com
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https://lnkd.in/gEdsnezn This makes sense. Vertical integration may be a viable business model for some industries. I appreciate that there are no absolutes but we can get an idea on how difficult it is even for De beers to run their retail businesses profitably so for a luxury retailer to own a mining business it is almost suicidal. The skill sets are totally different. There is a sea change going on in the diamond mining business and no one seems to have the courage to ask the tough question : why mine for diamonds when you can manufacture it better at lower cost using technology ? For sure the negative impact of this is huge for the mined diamond producing countries but can we look at the numbers first ? Grant Mobley disagrees which is fine. De beers have access to the economics of both categories so why not share the numbers ?
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Alrosa has canceled its next two sales and urged caution from buyers and suppliers amid a deep downturn in the diamond market. Learn more about the Russian miner’s decision here https://ow.ly/8C9j50POeNC #Rapaport #RapaportNews #Alrosa #DiamondMiner #DiamondMarket
Alrosa Halts Sales as Diamond Glut Persists
https://rapaport.com
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Who are the potential buyers of De Beers? What challenges could arise during the sale, and which scenario seems the most plausible? Diamond industry analyst Edahn Golan delves into the industry's hottest topic #diamondnews #diamondmarket #diamondsales #debeers #naturaldiamonds #diamondindustry #diamondmining #diamonds
Analysis: What a De Beers Sale Might Look Like - Israeli Diamond Industry
https://en.israelidiamond.co.il
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Anglo ditching De Beers is hard blow for troubled diamond market💎 The diamond industry faces a seismic shift as Anglo American bids farewell to De Beers, ending a nearly century-long partnership with one of its most iconic names. Amidst plummeting prices, Russian sanctions, and the rise of lab-grown gems, this departure adds to the industry's challenges. Stakeholders now grapple with uncertainty over De Beers' future and its impact on global diamond trade dynamics, from supply chains to pricing strategies. As De Beers undergoes this transformation, questions arise about the fate of approximately 80 carefully selected buyers, known as "sightholders," who bridge African mines to jewelry outlets worldwide. Once a monopoly and industry custodian, De Beers faces a new era of ownership, potentially altering market dynamics. Despite challenges, opportunities emerge for the right buyer to shape the future of luxury in this evolving landscape. https://lnkd.in/d5Xk-p_K Who do you think will be the new owner of De Beers? #Lithium#gold #paneldiscussion #criticalminerals #evcharging #energytransition #cobalt #nickel #graphite #ESG #mining#Mining #Digitalization #SustainableEnergy #TalentManagement #Efficiency
Anglo ditching De Beers is hard blow for troubled diamond market
miningweekly.com
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Entrepreneur/Gold Exporter/Mining Professional/International Trade & Investments Precious Metals & Mining, Commodities Exporter, gold, copper, coffee, Sugar. I offer guidance, expertise for precious metals.
With an extensive range tailored for both novice customers and seasoned larger investors, we ensure transparent pricing, offering some of the best options and lowest premiums above the spot price. Our commitment to quality and customer satisfaction ensures a seamless investment journey. Investing in gold bars with Feranmi Gold Ltd is more than just a purchase—it’s a decision to protect your capital, diversify your assets, and gain exposure to one of the most timeless precious metals. Ensuring your hard-earned cash is not only secure but also effectively placed in a commodity known for its stability and consistent value, even in the wake of economic turmoil. At Feranmi Gold Limited, we not only facilitate a trustworthy dealer-customer relationship, but we also ensure an easy and transparent buying process. Dive into our extensive range, where quality meets competitive pricing, and find the perfect investment gold for your portfolio. Need guidance? Our outstanding customer service team is just a call or email away, ready to assist you in navigating the gold market. “Gold bars provide our customers with a compelling mix of low premiums, optimum purity and liquidity, and beautifully presented gold. The sheer variety of sizes available means they’re popular with investors of all budgets.” #gold #goldmining #goldbar #goldinvestment #goldjewelry #goldprice #investor #investment #commodity #metal #preciousmetals #buyer #seller #marketing #market #linkdinpost #today #southkorea #japan #china #hongkong #malaysia #dubia #india #brazil #russian
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The price of 24 karat gold per tola increased by Rs. 300 and was sold at Rs. 211,100 on Thursday in the local market. This is an increase from its sale price of Rs. 210,800 on the previous trading day. The price of 10 grams of 24 karat gold also rose by Rs. 257 to Rs. 180,984 from Rs. 180,727, while the price of 10 grams of 22 karat gold increased to Rs. 165,902 from Rs. 165,666. The per tola and ten-gram silver prices remained unchanged at Rs. 2,580 and Rs. 2,211.93, respectively. The All Sindh Sarafa Jewellers Association reported that the price of gold in the international market increased by $3 to $2,013 compared to its sale price of $2,010 the previous day. On Wednesday, the per tola price of 24 karat gold decreased by Rs. 3,500 and was sold at Rs. 210,800 in the local market. The price of 10 grams of 24 karat gold also decreased by Rs. 3,001 to Rs. 180,727 from Rs. 183,728, while the price of 10 grams of 22 karat gold went down to Rs. 165,666 from Rs. 168,416, as reported by the All Sindh Sarafa Jewellers Association. #PAKISTAN #GOLD
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Gold Price Today: Before Rakhi, gold reached near ₹ 60000, silver also hot by ₹ 150, know what is the reason #18caratgoldpuritypercentage #22caratgoldpuritypercentage #24caratgoldpuritypercentage #businessnews #Gold #goldprice #goldpuritycalculator #goldpuritypercentage #goldratetoday #Hot #price #Priceofsilver #purityofgold #rakhi #reached #Reason #silver #silverprice #silverpricetoday #SilverRate #sleep #today
Gold Price Today: Before Rakhi, gold reached near ₹ 60000, silver also hot by ₹ 150, know what is the reason - News8Plus-Realtime Updates On Breaking News & Headlines
https://news8plus.com
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Executive Director - Academy of Indian Marketing, CEO - AIM Parasuraman Centre for Service Excellence
‘Diamonds are Forever’ the famous tagline is under intense pressure as largest diamond mining company De Beers Group at its recent auction could sell only about $40 million worth of rough #diamonds against its normal $400-450 million revenue and first time it has to waive off mandatory purchase by all invitees. Second larger miner Alrosa Company Limited of Russia has stopped sales for last two months. #luxuryjewellery and #watches retailers have seen plunging sales. On the other hand #labgrowndiamonds are also giving tough competition to natural diamonds. People’s buying choices are shifting towards lab grown diamonds for low value mass market. #luxurymarketing
The diamond industry is coping with a 20% price drop and worries Gen Z isn’t all that interested in its stones
fortune.com
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In this Issue: Quarterly Labour Force Survey from Stats SA Mining and quarrying production and sales from Stats SA Wholesale and retail trade sales from Stats SA Happy Reading 👍
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