De Beers Hikes Price of Smaller Goods as Sanctions hit Alrosa

By John Jeffay / June 07, 2022 / www.idexonline.com / Article Link

(IDEX Online) - De Beers has reportedly raised the price of smaller goods, which have been in scarce supply since sanctions against Russian miner Alrosa began to bite.Sources have told Bloomberg News that prices are up by five to seven per cent at Sight 5, which opened yesterday in Gaborone, Botswana.Alrosa normally supplies a large proportion of rough cluster diamonds below 0.30-cts used by manufacturers in Surat.India's cutting and polishing hub has been buying in lab growns as a boycott of Russian goods leaves a gaping hole in the market.Despite the price increases, demand for smaller goods - not a De Beers' staple - is said to be strong.Generic pic shows small, polished diamonds.

Recent News

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com

Large TSXV stocks strong on company specific drivers

December 30, 2024 / www.canadianminingreport.com

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok