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Belgian Exports Falter in November
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Belgium’s polished trade dropped in November, according todata from the Antwerp World Diamond Centre. Exports fell 11% amid a loweraverage price, with volumes down 1%. Rough shipments also declined. However,polished trading is up for...
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Polished Markets
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Dec 18, 2018
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Rapaport News
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De Beers Sales Rise After Diwali Break
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De Beers sold $540 million of rough diamonds in its Decembercycle, buoyed by the return of Indian manufacturers from their seasonal holidayshutdown, the company said Tuesday. Revenue from the 10th cycle, including last week’s sight...
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Mining
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Dec 18, 2018
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Rapaport News
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India’s Diamond Trade Slows in November
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The Indian trade fell by most key measures in November,according to data from the Gem & Jewellery Export Promotion Council(GJEPC). Polished exports slid to their lowest level since December 2016, when demand dropped in the...
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Polished Markets
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Dec 18, 2018
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Rapaport News
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Top 10 Stories of 2018: A Year of Synthetics
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This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
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Polished Markets
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Dec 18, 2018
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Joshua Freedman
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Pink Synthetic Displays Rare Treatment
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A pink diamond recently submitted to the Central GemLaboratory (CGL) in Tokyo was found to be a chemical vapor deposition (CVD)synthetic stone, treated only with Low Pressure-High Temperature (LPHT). The marquise brilliant-cut, 0.192-carat diamond is an unusualfind, as stones...
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Research
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Dec 17, 2018
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Rapaport News
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Chow Tai Fook to Accept WeChat Payments
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Chow Tai Fook has signed a memorandum of understanding(MoU) with online giant Tencent that will enable its customers to completetransactions using WeChat Pay, the Hong Kong-based jeweler said Monday. Beginning next year, Chow...
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Retail
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Dec 17, 2018
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Rapaport News
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Asset Sale Puts Trans Hex Back in Black
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Trans Hex Group’s sale of its Lower Orange River (LOR)project has brought the South African diamond miner back to profitability.Company profit came to ZAR 52 million ($3.6 million) for thefirst fiscal half ending September...
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Mining
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Dec 16, 2018
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Rapaport News
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Mobile Shopping Drives Jump in Online Sales
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US e-commerce sales grew 19% in the first five weeks of theholiday season, making it the biggest online-shopping period of all time,according to Adobe Analytics. Revenues came to $80.3 billion between November 1 andDecember 6, compared with $67.7 billion...
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Retail
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Dec 16, 2018
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Rapaport News
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Firestone Digs Up 46ct. Rough Diamond
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Firestone Diamonds’ stock price rose more than 11% Friday afterthe company announced it had unearthed a 46-carat white diamond at itsLiqhobong mine in Lesotho. The stone — which the miner recovered undamaged — willgo on sale at the...
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Mining
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Dec 16, 2018
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Rapaport News
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Dominion Recovers 553ct. Yellow Diamond
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Dominion Diamond Mines has unearthed the largest knowngem-quality diamond found in North America, it said last week. The company recovered the 552.74-carat yellow diamond in Octoberat its Diavik mine in Canada’s Northwest Territories. It beats...
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Mining
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Dec 16, 2018
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Rapaport News
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Research
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Dec 16, 2018
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Rapaport
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Rapaport Weekly Market Comment
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Dealers and jewelers optimistic for last-minute holiday sales. Multi-channeldigital and experiential retail are key themes this season, with rising numberof pop-up stores and webrooms. Trade shifting east, with improving Chinese...
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Polished Markets
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Dec 13, 2018
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Rapaport News
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De Beers Ready to Relax Its Provenance Rules
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De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
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Rough Markets
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Dec 13, 2018
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Joshua Freedman
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India: Polished Inventories High
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Cautious sentiment as trading slows ahead of theChristmas break. Fewer foreign buyers in the market. Demand concentrated onSI-I1 goods. Rough market restrained as manufacturers are holding largepolished inventory, particularly lower-value goods. Small diamond and...
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Research
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Dec 13, 2018
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Rapaport News
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Blues, Pinks Spur Christie’s $492M Total
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Jewelry sales at Christie’s garnered a combined $492.3million this year, driven by expensive blue and pink diamonds. The company’s top-selling piece was the Winston Pink Legacy,a rectangular-cut, 18.96-carat, fancy-vivid-pink diamond, which sold in Genevalast...
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Polished Markets
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Dec 13, 2018
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Rapaport News
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3ct. Blue Sells for $1.4M at Fortuna
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Fortuna recorded its largest auction to date as a blue diamond ring fetched $1.4 million in New York earlier this month. The pear-shaped, 3.05-carat, fancy-intense-blue, SI2-claritydiamond ring surrounded by pink diamonds had a presale estimate of $1.2...
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Polished Markets
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Dec 13, 2018
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Rapaport News
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Trans Atlantic Dubai Tender Grosses $46M
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Trans Atlantic Gem Sales (TAGS) sold $46.4 million worth ofrough diamonds during a tender in Dubai in late November and early December, itsaid Wednesday. The company sold 97,841 carats of high-quality stones frommines in South...
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Rough Markets
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Dec 13, 2018
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Rapaport News
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Canadian Jewelry Group Seeks New Chief
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Brian Land has left his position as executive director ofthe Canadian Jewellers Association (CJA) after completing an 18-month contractwith the trade group. The CJA hired Land on a temporary basis in August 2017 tomanage its...
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Rough Markets
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Dec 12, 2018
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Rapaport News
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Fossil Group Hires Ex-Pandora Exec
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Fossil Group has appointed former Pandora chiefmerchandising officer Beth Moeri as executive vice president of portfoliobrands. Moeri, who was an executive at the Danish charm jeweler for morethan six years, will be responsible for Fossil’s...
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Retail
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Dec 12, 2018
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Rapaport News
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India Strengthens Position in Diamond Cutting
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India increased its dominance in cutting and polishing last year due to relatively low costs that gave it a competitive advantageover China, according to Bain & Company. The Indian diamond-manufacturing industry grew 11% in 2017,outpacing the...
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Rough Markets
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Dec 12, 2018
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Rapaport News
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