Gold Price Expected to Continue to Climb in 2020

New York—Gold is expected to average more than $1,400/oz. next year, up from $1,360 this year, a recent Reuters poll shows. Reuters publishes a precious metals price poll every quarter, combining predictions from two dozen or more analysts. In the latest poll, done at the beginning of...

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Letšeng Pink Sells for Almost $9M

Gem Diamonds has announced the sale of a 13.33-carat pink diamond, discovered in February at its mine in Lesotho, for $8.8 million. The tender sale, which took place in Antwerp, represents a record per-carat price of $656,933 for the company, it said Thursday. The result builds on...

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High-Value Rough Demand Boosts Alrosa Revenue

Alrosa’s sales climbed 14% to $294.9 million in August due to strong demand for higher-value rough diamonds, the miner reported. “Despite [the] traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before,” Yury Okoemov, Alrosa’s deputy CEO for...

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