• HOME
  • ABOUT US
  • NEWS
    • NEWS
    • GUEST ARTICLES
  • PUBLICATIONS
    • ENGLISH
      • LATEST ISSUE
      • ADVERTISE WITH US
      • SUBSCRIBE NOW
    • BOOKS
      • DEMYSTIFYING RETAIL
  • BUSINESS DELEGATIONS
  • DESIGN GALLERY
  • UPCOMING EXHIBITIONS
    • DOMESTIC
    • OVERSEAS
  • DIRECTORY
    • MANUFACTURER LIST
    • RETAILERS LIST
  • CONTACT US
 

De Beers records increase in sales during market comeback

25-04-2017   14:25 PM

AOJ E-NEWS:De Beers’ rough-diamond sales and production grew in the first quarter, signalling upbeat sentiment in the manufacturing sector.

Sales volume jumped 74% to 14.1 million carats, reflecting improved rough demand, the company said Monday. The number of sights — contract sales events — also impacted the result, as there were three this quarter compared with two during the same period last year, De Beers explained.

The increase in demand was especially notable for lower-value products that had built up in the company’s inventory following a drop in demand at the end of last year. Sightholders returned to buying these smaller diamonds in January after holding back their purchases due to the impact of India’s demonetization policy on liquidity in the manufacturing sector.

De Beers reported strong sales in January and slightly lower but steady sales in February and March. Its sales value increased by 2% year on year to $1.86 billion during the first three sights, according to Rapaport calculations. Those sights followed a steady decline in rough prices during 2016, when De Beers’ price index decreased 13%.

The miner maintained its full-year production guidance of 31 million to 33 million carats.

Courtesy: Rapaport

Share : 

Nizamabad gets GRT Jewellers’  golden touch

02-06-2023   12:30 PM

GRT Jewellers opens doors to its 58th grand and large at Nizamabad. After creating millions of golden moments in the life of its customers for 60 years, Built on the values of trust and purity, GRT continues i...

Read More

ORRA Fine Jewellery expands Astra Collection with new additions

02-06-2023   12:25 PM

ORRA Fine Jewellery, is proud to present its latest additions to Astra collection of breath-taking diamond jewellery. Designed with elegance and craftsmanship, these new additions epitomize the brand's commitm...

Read More

GSI Expands its Presence in India, Opens a New Laboratory in Bengaluru

31-05-2023   10:25 AM

Gemological Science International (GSI), one of the leading gemological laboratories worldwide, is pleased to announce the commencement of its latest laboratory in Bengaluru, India. South India is a signif...

Read More

Tata Group arm Tanishq’s rarest jewels light up Dubai

31-05-2023   10:20 AM

The company said this was the first time these extraordinary pieces were displayed anywhere in the world An exhibition of some of the rarest diamond jewellery and precious gemstones in the world was unveile...

Read More

Senco becomes first qualified jeweller from East India to import gold on India International Bullion Exchange

31-05-2023   10:15 AM

Senco Gold & Diamonds on Tuesday announced that it has become the first qualified jeweller from East India to import gold on India International Bullion Exchange (IIBX) post ICEGATE integration. Senco Gold...

Read More

Malabar Gold and Diamonds on a spree of Initiatives and Launches this Q1FY24 Becomes first jewellery group in India to obtain TRQ

31-05-2023   10:10 AM

Malabar Gold and Diamonds, one of the largest gold and diamond retail chains in the country, became the first jewellery group in India to obtain a TRQ (Tariff Rate Quota) license from the Director General of F...

Read More

Live Spot Gold

GOLD PRICE

Design Gallery

Videos

View More Videos
GJS - Virtual T. .
AOJ Exclusive I. .
Auspicious Aksh. .
Video Snippets. .

UPCOMING EXHIBITIONS - DOMESTIC

Jaipur Jewellery Show

December 19-22-2020 | Jaipur

View More Domestic Events

UPCOMING EXHIBITIONS - OVERSEAS

Baselworld

January 28-2-2021 | Basel, Switzerland

View More Overseas Events

FOLLOW US ON
May 2023  English Edition
Subscribe Now Print Edition
Subscribe Now Digital Edition

© 2016 AOJ Media Pvt Ltd - All Rights Reserved. | Developed by Creed Global Tech.    T & C   Privacy Policy 

Top
Close