Rosy Blue to Buy Stake in Leo Schachter

Polished manufacturer Rosy Blue has agreed to acquire a minority share in Leo Schachter, as the diamond suppliers seek to make their operations more efficient.

The deal will enable the firms to use each other’s infrastructure around the world, providing better value for their clients, Leo Schachter said in a statement Monday. Leo Schachter will still operate independently under the Schachter family’s majority ownership, led by its current management team, it noted.

The firms expect the transaction to close soon, but did not disclose other terms of the agreement.

“The relationship and collaboration which we have enjoyed with the Rosy Blue family for over two generations will produce a unique and innovative platform for the demands of today’s diamond industry,” said Elliot Tannenbaum, principal at Leo Schachter.

The companies have been working together for more than 30 years, Leo Schachter noted. They both receive rough supply from De Beers, as sightholders, and from Alrosa’s contract-sales business, and have offices in all major industry hubs.

Source: DCLA

Rosy Blue to Buy Stake in Leo Schachter

Polished manufacturer Rosy Blue has agreed to acquire a minority share in Leo Schachter, as the diamond suppliers seek to make their operations more efficient.

The deal will enable the firms to use each other’s infrastructure around the world, providing better value for their clients, Leo Schachter said in a statement Monday. Leo Schachter will still operate independently under the Schachter family’s majority ownership, led by its current management team, it noted.

The firms expect the transaction to close soon, but did not disclose other terms of the agreement.

“The relationship and collaboration which we have enjoyed with the Rosy Blue family for over two generations will produce a unique and innovative platform for the demands of today’s diamond industry,” said Elliot Tannenbaum, principal at Leo Schachter.

The companies have been working together for more than 30 years, Leo Schachter noted. They both receive rough supply from De Beers, as sightholders, and from Alrosa’s contract-sales business, and have offices in all major industry hubs.

Source: DCLA

Third largest diamond ever for Lucara Diamonds

Karowe diamond mine located in Botswana has recovered a 472 carat, top light brown gem diamond.

The Rough Diamond will be sold with other exceptional stones recovered this year as part of the first large stone tender in 2018.

In 2018 The Karowe mine will focus on the high value south lobe area which consistently delivers, large high quality diamonds in excess of 10 carats in size.

Source: DCLA

Third largest diamond ever for Lucara Diamonds

Karowe diamond mine located in Botswana has recovered a 472 carat, top light brown gem diamond.

The Rough Diamond will be sold with other exceptional stones recovered this year as part of the first large stone tender in 2018.

In 2018 The Karowe mine will focus on the high value south lobe area which consistently delivers, large high quality diamonds in excess of 10 carats in size.

Source: DCLA

Russia’s diamond miner Alrosa said on Tuesday that its sales of rough and polished diamonds totaled $559.5 million in March. 


There was a slight seasonal cooling off in demand in March,” Alrosa Deputy CEO Yury Okoemov said, according to a company statement.

 
Alrosa’s total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.

Source: DCLA

Russia’s diamond miner Alrosa said on Tuesday that its sales of rough and polished diamonds totaled $559.5 million in March. 


There was a slight seasonal cooling off in demand in March,” Alrosa Deputy CEO Yury Okoemov said, according to a company statement.

 
Alrosa’s total diamond sales in the first quarter 2018 amounted to $1.606 billion, the company said.

Source: DCLA

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