DiamondBuzz
De Beers extends sightholder contract by six months
De Beers is giving its sightholders more breathing room, stretching the current supply agreement until June 30, 2026. The move, announced Friday, comes as the diamond industry weathers turbulence from shifting US tariffs and broader global uncertainty.
The extension delays De Beers’ plans to trim its sightholder roster from the present 69 and pushes back the rollout of its next supply framework. Customers will receive formal “extension letters” in Q4.
De Beers typically holds 10 sights annually in Gaborone, Botswana, where sightholders commit to buying set allocations of rough in exchange for reliable supply. For now, the miner is holding off major structural changes.
The extension also coincides with mounting interest from Botswana and Angola, both exploring stakes in De Beers — though the company cites only “external conditions” as the official reason for the pause.
There are approximately 53 international Sightholders currently buying rough diamonds from De Beers’ Global Sightholder Sales (GSS), plus 40 sightholders in Botswana and 14 in Namibia, but many companies are sightholders in multiple location. The likely total is around 60.
DiamondBuzz
Alrosa Plans To Expand Diamond Production Through Severalmaz
Outlines An Expansionary Roadmap and Diversification Strategy Amid Market Volatility
Alrosa has confirmed a strategic pivot toward aggressive capacity expansion via its wholly-owned subsidiary, Severalmaz. Currently contributing approximately 10% to the Group’s aggregate output, Severalmaz is slated to become a primary engine for long-term value creation.
Despite prevailing macroeconomic headwinds and a softening in global demand for natural stones, Alrosa reported that the Lomonosov deposit maintained a stable production baseline, yielding an annualized run-rate of approximately 3.5 million carats through FY24 and FY25.
Key Strategic Pillars:
- Operational Resilience: CEO Pavel Marinychev emphasized that Severalmaz serves as a systemically important entity within the Arkhangelsk regional economy, providing a “solid foundation” for the Group’s multi-decade development cycle.
- CAPEX & Exploration: The firm is committed to significant capital expenditure directed toward greenfield exploration and the modernization of existing mining infrastructure to drive operational alpha and safety.
- Portfolio Diversification: To hedge against cyclical diamond market downturns, Alrosa is actively de-risking its balance sheet by diversifying into gold mining and offloading approximately 30% of its inventory to Gokhran to ensure consistent liquidity flows.
- R&D Synergies: The roadmap includes deep integration with regional scientific-industrial hubs to optimize extraction efficiencies and future-proof the production pipeline.
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