De Beers Cuts Rough Prices by Average of 10% to 15%

NewsBrief   January 16, 2024   De Beers Cuts Rough Prices by Average of 10% to 15% De Beers reduced rough-diamond prices by an average of 10% to 15% at this week's sight, aiming to stimulate sales and bring its rates more in line with the rest of the market, sources told Rapaport News. Burgundy Eyes Ekati Expansion Project will see company move underground at several pits and attempt underwater mining.   Letšeng Yields 295ct. Rough for Gem Diamond Diamond found in Lesotho mine is first over 100 carats this year.   Tourism Recovery Boosts Chow Tai Fook Sales Revenue up 46% year on year in third quarter. Trending Stories Bruce Cleaver Steps Down from De Beers Boards   IGI Discovers 6ct. Lab-Grown Diamond Posing as Natural   DMIA Opens Diamond-Screening Lab Events Rapaport Melee Auction January 16-25 New York & Dubai More Details   Rapaport Single Stone Auction January 17-29 New York & Israel More Details   Live Webinar with Martin Rapaport January 23 11 a.m. EST (9:30 p.m. India) Online Register Here RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,422 -0.07% 1.01% -5.89%  0.50 ct 2,019 0.89% 3.66% -24.59%  1.00 ct 6,031 0.49% 1.24% -19.71%  3.00 ct 22,055 0.17% 0.21% -10.75% Rapaport Investment Grade Diamonds

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