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Hong Kong Show Organizer Unveils Digital Platform
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Informa Markets, the organizer of the September Hong Kong show, has launched a digital platform enabling the jewelry industry to trade and network outside the context of physical exhibitions.The company behind the annual Jewellery...
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Polished Markets
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Aug 05, 2020
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Rapaport News
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How to Market Jewelry During the Pandemic
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Is it appropriate for jewelers to market during the pandemic?Yes, now is when jewelers need business the most. I think it’s the perfect time to increase marketing and market share. There are many jewelers that aren’t...
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Marketing
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Aug 05, 2020
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Leah Meirovich
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Coronavirus Updates: Impact on the Diamond Trade
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The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
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Polished Markets
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Aug 05, 2020
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Rapaport News
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Chow Sang Sang Warns of Steep Profit Drop
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Chow Sang Sang is expecting profit to plummet for the first half of the year amid store closures and a sharp decline in tourism to Hong Kong.Profit will fall between 65% and 70% year on year to an estimated...
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Retail
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Aug 04, 2020
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Rapaport News
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AGS Lab to Restart Synthetics Grading
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The American Gem Society (AGS) will resume grading synthetic diamonds after an eight-year pause.The group will offer digital reports for lab-grown stones as part of its Only My Diamond (OMD) platform, an online service to help...
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Polished Markets
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Aug 04, 2020
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Rapaport News
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Reduced Diamond Supply Lifts Polished Prices
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RAPAPORT PRESS RELEASE, August 4, 2020, Las Vegas… Polished diamond prices firmed in July due to supply shortages for select categories. Sentiment remained weak and trading levels low amid new Covid-19 restrictions.The RapNet...
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Polished Markets
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Aug 04, 2020
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Rapaport
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De Beers Turns to Tech as Layoffs Loom
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De Beers is no stranger to changing strategy. Throughout its 130-plus-year history, the company has often adjusted its approach, sometimes with just a few tweaks, and on other occasions with radical consequences for the diamond market....
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Rough Markets
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Aug 03, 2020
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Avi Krawitz
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Asian Star Expects Long-Term Covid-19 Impact
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Mumbai-based diamond manufacturer Asian Star believes jewelry demand will remain sluggish through the end of the quarter as the coronavirus weighs on consumer spending.“Economic disruption caused by Covid-19 has changed consumer behavior, as people have...
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Manufacturing
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Aug 03, 2020
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Rapaport News
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Frederick Goldman Hires E-Commerce Head
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New Jersey-based jewelry manufacturer Frederick Goldman has appointed Judah Zeigler vice president for business-to-business (B2B) e-commerce.He will be responsible for developing and leading all of Frederick Goldman’s efforts in the field, in particular overseeing...
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Retail
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Aug 03, 2020
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Rapaport News
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Large Stones Support Diamcor Average Price
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Diamcor’s average selling price rose to just under $112 per carat at its latest rough tender as demand shifted to higher-value goods, the miner reported last week.The company garnered $271,263 from the sale of 2,427...
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Mining
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Aug 02, 2020
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Rapaport News
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Diamonds Light Up World’s Tallest Building
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Dubai has embarked on an eye-catching campaign to attract the global diamond industry to the emirate — and has lit up the world’s tallest building to mark the launch.The story of a diamond’s creation recently appeared on the side of the...
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Polished Markets
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Aug 02, 2020
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Rapaport News
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India Urges ‘Self-Discipline’ from Rough Buyers
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Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
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Rough Markets
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Aug 02, 2020
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Rapaport News
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Rapaport Weekly Market Comment
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Sentiment weak as trading centers reinforce Covid-19 restrictions. Supply shortages supporting polished prices as cutters refrain from rough purchases. Manufacturing profit margins better than pre-pandemic, resulting from select rough buying that aligns...
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Polished Markets
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Jul 30, 2020
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Rapaport News
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Hong Kong Retail Takes ‘Austere’ Turn
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Hong Kong’s retail market took a turn for the worse this month amid the coronavirus’s resurgence, reversing a slight improvement in June, the government cautioned Thursday.The municipality has entered a third wave of infections, prompting...
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Retail
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Jul 30, 2020
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Rapaport News
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Research
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Jul 30, 2020
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Rapaport
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Pandemic Punctures Sales at Letšeng Mine
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Revenue at Gem Diamonds fell in the first half of the year amid a temporary shutdown of its mine and weak demand due to the coronavirus.Sales of rough diamonds from the Letšeng mine in Lesotho dropped 22% to $74...
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Mining
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Jul 30, 2020
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Rapaport News
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116ct. Diamond Fetches $6M at Christie’s
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A necklace featuring a 115.83-carat diamond was the top seller at Christie’s in New York on Wednesday, bringing in $6.3 million at the live Magnificent Jewels auction.The pear brilliant-cut, F-color, VVS1-clarity diamond hangs from a chain of 31 pear brilliant...
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Polished Markets
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Jul 30, 2020
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Rapaport News
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Challenges Persist as De Beers Sees Red
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De Beers suffered heavy losses in the first half of the year due to Covid-19, and cautioned that substantial challenges would remain for the diamond market.The diamond miner fell into the red for the...
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Rough Markets
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Jul 30, 2020
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Rapaport News
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Diamond Club of Antwerp Names New Board
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The Diamond Club of Antwerp has reelected Thierry Polakiewicz as its president and named 13 other officers and board members.The club, founded in the 1890s, is one of the city’s four bourses, and is primarily for traders...
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Polished Markets
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Jul 29, 2020
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Rapaport News
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European Slump Weighs on Kering Jewelry Brands
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Kering reported weak jewelry sales during the first half of 2020 as a slowdown at its Europe-focused brands outweighed stronger figures in Asia.The group’s Boucheron and Pomellato brands suffered from their exposure to the Western European...
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Retail
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Jul 29, 2020
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Rapaport News
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