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Synthetics: Coming to a Bourse Near You?
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The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
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Polished Markets
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May 14, 2019
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Joshua Freedman
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Rapaport Proposes Sierra Leone Diamond Reform
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RAPAPORT PRESSRELEASE, April 17, 2019, New York … The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and...
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Fair Trade
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Apr 17, 2019
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Rapaport
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US Trade Confident as Polished Imports Surge
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Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
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Polished Markets
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Apr 03, 2019
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Joshua Freedman
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Diamonds Stolen from Israel Bourse Event
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A man allegedly stole a briefcase of diamonds worth tens ofthousands of dollars from the Israel Diamond Exchange (IDE) last week.The theft took place on Monday at InternationalDiamond Week in Israel (IDWI), which ran for three days...
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Financial-Legal
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Feb 03, 2019
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Rapaport News
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Podcast: The New York View
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Rapaport News caught up with Reuven Kaufman, president of New York’s Diamond Dealers Club (DDC), to gauge the mood in the US trade at the start of 2019.Retailers had a good holiday season, but have been wary about...
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Polished Markets
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Jan 31, 2019
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Rapaport News
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New Alrosa Client List Excludes Leviev Firm
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Alrosa has stopped supplying rough diamonds to Lev Leviev’sLLD Diamonds through its contract-sales arrangement, as part of a reshuffle of the miner’s long-term client list.The tycoon’s Israel-based firm is one of “several” former customersthat have dropped off...
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Rough Markets
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Jan 31, 2019
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Joshua Freedman
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Martin Rapaport Addresses Israel Bourse
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Martin Rapaport called on traders to develop a niche for themselves, when he addressed attendees at International Diamond Week in Israel (IDWI).“The idea that you have a specialized area where you arethe best…is a very healthy place to be,...
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Polished Markets
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Jan 29, 2019
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Rapaport News
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Lucapa Predicts Premium from Angola Reforms
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Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
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Rough Markets
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Jan 14, 2019
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Joshua Freedman
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Israel’s Export Slowdown Eases in 2018
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Israel’s polished-diamond exports showed signs ofstabilizing in 2018 after three years of heavier declines, according togovernment data.Shipments slipped 2.5% to $4.48 billion for the year, thenation’s Ministry of Economy and Industry reported Sunday. That...
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Polished Markets
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Jan 07, 2019
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Rapaport News
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E-Commerce Site Zoara Closes
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Dalumi Group has shut down Zoara, its jewelry retail platform,the Israel-based diamond company said.The e-commerce page stopped accepting purchases on January 1,and will complete and ship remaining orders in the next few...
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Retail
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Jan 06, 2019
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Rapaport News
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Niru Group, EZ Diamonds Join Forces
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Two of the largest suppliers of better-quality, small polished diamonds have combined their operations, signaling further consolidation in the diamond-manufacturing sector. A joint venture between Niru Group and EZ Diamonds will bring EZ’s supply of round...
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Polished Markets
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Dec 26, 2018
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Avi Krawitz
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Analysis: Crypto Firms Betting on Diamonds
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Somewhere between the volatility of cryptocurrencies and thestability of diamond prices lies an opportunity for investors. That is, atleast, what several new initiatives to create diamond-backed crypto-coins arebetting on.In fact, developers of these coins, or “tokens,”...
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Technology
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Dec 11, 2018
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Avi Krawitz
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Police May Question Lev Leviev over Smuggling
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Lev Leviev faces questioning over diamond-smugglingallegations that have led to six of his relatives and employees being arrested,according to reports.Israeli police detained Zevulun and Moshe Leviev, thetycoon’s son and brother, who ran a factory...
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Financial-Legal
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Nov 06, 2018
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Rapaport News
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Report Links Leviev to Diamond-Smuggling Arrests
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Lev Leviev’s businesses are embroiled in allegations of a diamond-smuggling ring involving relatives and employees of the tycoon.Six people were arrested on Monday, including Leviev’s son and brother, after an undercover investigation, according to Israeli media.A staff...
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Financial-Legal
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Nov 05, 2018
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Rapaport News
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WFDB Names Shanghai Bourse Chief as VP
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Lin Qiang has succeeded Yoram Dvash as vice president ofthe World Federation of Diamond Bourses (WFDB), with the latter taking on a newrole as head of a strategic body.Qiang has served as president of the Shanghai Diamond Exchangesince its...
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Polished Markets
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Nov 01, 2018
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Rapaport News
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Israel Trade Signs Alibaba Consumer Deal
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The Israel Diamond Exchange (IDE) has expanded its collaborationwith Alibaba by introducing sales directly to Chinese consumers. Israeli diamonds will be available as loose stones on Ali Auction, the Asian e-commercegiant’s luxury platform, the IDE...
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Retail
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Oct 18, 2018
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Rapaport News
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Alrosa Garners $1.5M at New York Polished Sale
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Alrosa brought in $1.5 million from its firstpolished-diamond tender in New York since it reopened its office in the cityearlier this year. The Russian miner’s cutting division, Diamonds Alrosa,sold 111 polished stones weighing from...
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Polished Markets
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Aug 09, 2018
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Rapaport News
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Israel Bourse Bans Traders for Synthetics-Swapping
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The Israel Diamond Exchange (IDE) has kicked out two boursemembers it suspects of swapping natural diamonds with synthetics. The traders were allegedly complicit in switching D-color,high-clarity polished diamonds weighing 3 to 5 carats with lab-grown stones,IDE...
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Financial-Legal
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Aug 05, 2018
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Joshua Freedman
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Israel’s Polished Exports Fall
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Polished-diamond shipments out of Israel declined 6% in thefirst half of the year, according to data the Ministry of Industry, Trade andLabor released this week. The drop isthe nation’s fourth consecutive first-half decline in polished exports. Exportvolume...
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Polished Markets
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Jul 25, 2018
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Rapaport News
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Israel to Polish Large Diamonds from China
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Chinese diamond companies will send large stones forpolishing at a new manufacturing facility in Israel, the Middle East nation’sindustry body said. Bourses in the two countries reached the agreement thisweek during a visit to Israel by Lin...
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Manufacturing
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Jun 28, 2018
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Rapaport News
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