De Beers: Rough Sales Fall 57 Percent, Profit 99 Percent

[John P]

JCK Article
http://www.jckonline.com/article/CA6672932.html?nid=2054&rid=#reg_visitor_id&source=title

WSJ
http://online.wsj.com/article/SB124843717961478855.html

 

[diagem]

Let see how this round will play out?

http://www.idexonline.com/portal_FullNews.asp?SID=&id=32693

" Alrosa Aiming for $2 Billion in Rough Diamond Sales

The new president of Alrosa on Monday confirmed that the company intends to meet its goal of $2 billion in rough diamond sales in 2009."

 

[John P]

>

The "goal" is relative. $1/ct will get them there tomorrow.

 

[strmrdr]

Interesting times in the diamond market.

The DeBeers sales numbers are what was expected given how much of their production they shut down, that they managed to still make a profit is the amazing part and shows how high their margins are.

 

[strmrdr]

Date: 7/27/2009 11:49:27 AM
Author: DiaGem
Let see how this round will play out?



http://www.idexonline.com/portal_FullNews.asp?SID=&id=32693


'' Alrosa Aiming for $2 Billion in Rough Diamond Sales



The new president of Alrosa on Monday confirmed that the company intends to meet its goal of $2 billion in rough diamond sales in 2009.''

Will be interesting to see how much of the sales is to the government stockpile and how much is to the market.
Basically the government is giving them a bail out.

 

[diagem]

Date: 7/27/2009 12:09:16 PM
Author: strmrdr

Date: 7/27/2009 11:49:27 AM
Author: DiaGem

Let see how this round will play out?



http://www.idexonline.com/portal_FullNews.asp?SID=&id=32693


'' Alrosa Aiming for $2 Billion in Rough Diamond Sales



The new president of Alrosa on Monday confirmed that the company intends to meet its goal of $2 billion in rough diamond sales in 2009.''

Will be interesting to see how much of the sales is to the government stockpile and how much is to the market.
Basically the government is giving them a bail out.

Not anymore...., thats why the "former" Alrosa president was ousted!
It looks like Putin wants the stockpile transferred to liquidity..., like you said..., it will be interesting!

 

[diagem]

Date: 7/27/2009 12:00:25 PM
Author: John Pollard
<< The company already indicated that prices will be cut by as much as 25 percent. >>

The 'goal' is relative. $1/ct will get them there tomorrow.

True...

An official discount communicated by the Russians is a first..., rare step!

But based on 'not so long ago' experience..., it can be translated to unexpected potential "DANGER"....

ETA...., hope no one translates my "Russian" words to any ethnic issues this time...

 

[diagem]

Date: 7/27/2009 12:20:16 PM
Author: DiaGem

Date: 7/27/2009 12:09:16 PM
Author: strmrdr

Date: 7/27/2009 11:49:27 AM
Author: DiaGem


Let see how this round will play out?



http://www.idexonline.com/portal_FullNews.asp?SID=&id=32693


'' Alrosa Aiming for $2 Billion in Rough Diamond Sales



The new president of Alrosa on Monday confirmed that the company intends to meet its goal of $2 billion in rough diamond sales in 2009.''

Will be interesting to see how much of the sales is to the government stockpile and how much is to the market.
Basically the government is giving them a bail out.

Not anymore...., thats why the ''former'' Alrosa president was ousted!
It looks like Putin wants the stockpile transferred to liquidity..., like you said..., it will be interesting!

Well Storm you seemed on the ball as I just read "....a portion would be purchased by the Gokhran, Russia''s state depository for precious metals."

http://www.diamonds.net/news/NewsItem.aspx?ArticleID=27290

I am just not sure if that ''portion'' was purchased already in the first half or....

 

[JoeNewbie11]

Deflation is the name of the game now.

Until household weath increases and/or credit expands again, we will observe major downward price pressure on all commodities, even diamonds.

 

[strmrdr]

Date: 7/27/2009 4:20:06 PM
Author: DiaGem



I am just not sure if that ''portion'' was purchased already in the first half or....

both from the idex article:
Despite the unusually large sales the company already made this year to Russia''s state repository Gokhran, Andreyev expects that Alrosa will make some additional sales to it.