It spent $20.2 billion on diamonds in 2019 or 19.2% of the global market share. About 46% of rough diamonds are for industrial purposes, while 19% are used as gem-quality polished mineral stones.

creating a rough diamond that is cut and polished. The process takes about 10 to 12 weeks. Good said the lab-grown diamonds simply offer consumers another choice and young buyers like a product ...

The sales, held ten times a year, are used to sell rough, or uncut, diamonds to a group of about 50 certified buyers known as sightholders, who are the industry’s most powerful dealers.

Rough diamonds, fit for cutting, are sold at 41 13s. 4d., to 42 the carat. A carat is rather more than three grains, and 156 carats equal to one ounce Troy. But if the stones ' are above one carat ...

The big news story concerning the Miami Dolphins this week outside of quarterback Tua Taogvialoa’s injury status is the fact ...

Alrosa, the world’s largest producer of rough diamonds by volume, announced plans last month to suspend some production in 2025 and cut staff as it grapples with low global prices. Last year it ...

The fall in exports forced the world's biggest diamond polisher to reduce imports of rough diamonds by 18% from a year ago to $14.27 billion in the financial year ended March 31, the Gem and ...

De Beers has built up its largest stockpile of diamonds since the Great Financial Crisis, as sinking demand and tougher competition weigh on the industry giant. "It's been a bad year for rough ...

Auctions are used to sell rough, or uncut, diamonds to a group of about 50 certified buyers known as sightholders, who are the industry’s most powerful dealers. With a 20,000-strong workforce ...