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Antwerp Beurs
Antwerp Bans Lab-Grown from Trading Floors
The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp’s four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges...
Polished Markets Oct 10, 2019 Joshua Freedman
De Beers sightholder office 150
De Beers Sales Drop in Slow Rough Market
De Beers’ sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the...
Rough Markets Oct 03, 2019 Joshua Freedman
HK show Sept 2019
Hong Kong Show Reflects Slow Chinese Demand
The timing of the September Hong Kong Jewellery & GemFair was unfortunate, coming amid a wave of anti-government demonstrations inthe city. But for many participants, the political tensions were masking thebigger issue: Chinese...
Polished Markets Sep 24, 2019 Joshua Freedman
HK Show
Hong Kong Fair Prioritizes Buyer Incentives
The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
Polished Markets Sep 18, 2019 Joshua Freedman
Hong Kong Show
Sentiment Cautious as Hong Kong Show Starts
Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
Mining Sep 16, 2019 Joshua Freedman
Young Diamantaires South Africa Venetine mine visi
Nurturing the Next Generation of Diamantaires
If anyone in the industry wanted to know how to transform a diamondbusiness and safeguard its future, they might do well to speak to the 25members of the Young Diamantaires group who went on last week’s mission toSouth Africa.The delegates...
Mining Sep 12, 2019 Joshua Freedman
NCDIA Seminar
NCDIA to Hold Colored-Diamond Seminar
The Natural Color Diamond Association will present a study at the Hong Kong Jewellery & Gem Fair on how coloring in diamonds develops. Since 2009, GGTL Laboratories in Liechtenstein has beenanalyzing both natural and lab-grown...
Polished Markets Aug 22, 2019 Rapaport News
Rough diamonds
De Beers Lets Clients Reject 50% of Goods
De Beers will allow sightholders to refuse more rough diamonds than usual at thisweek’s sight, aiming to ease pressure on the market without reducing prices. Clients will be free to turn down 50% of available goods amid a slump...
Rough Markets Aug 18, 2019 Joshua Freedman
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city....
Polished Markets Aug 15, 2019 Joshua Freedman
HK protest
Hong Kong Riots Cast Cloud over Show
Diamond traders have raised concerns ahead of next month’s Hong Kong Jewellery & Gem Fair, as mass protests have caused chaos and dented local demand. The show will still take place as planned,...
Polished Markets Aug 13, 2019 Joshua Freedman
KGK, Botswana
Who’s Buying the Rough in 2019?
The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector’s current problems have resulted from too much rough entering the market...
Rough Markets Aug 11, 2019 Joshua Freedman
HSBC
HSBC to Pay $330M in Antwerp Fraud Settlement
A Swiss unit of HSBC has agreed to pay a record EUR 294.4 million ($330 million) to settle fraud claims against its Belgian business, which mainly served members of the Antwerp diamond trade.In 2014, a Belgian judge...
Financial-Legal Aug 07, 2019 Joshua Freedman
DPA
DPA Grades Scanners for Synthetic Melee
An official industry-wide project to test lab-grown detectors has expanded its efforts to melee, a segment of the market highly prone to undisclosed synthetics.The Assure program — an initiative of the Diamond Producers Association (DPA) and Signet Jewelers —reviewed...
Polished Markets Aug 06, 2019 Joshua Freedman
De Beers sight box
De Beers Sales Sink to Lowest Level Since 2015
De Beers’ rough-diamond sales plummeted 53% this month ascustomers accepted the miner’s offer to defer purchases until the marketimproves.Weak polished demand and excess supply in the manufacturingand trading sectors have hurt sightholders’ appetite...
Mining Jul 30, 2019 Joshua Freedman
De Beers sorting
De Beers Lets Clients Delay Rough Purchases
De Beers loosened its purchasing requirements for roughbuyers at last week’s sight in an effort to ease the oversupply affecting the diamond market.Sightholders have struggled to reduce their inventories due to an imbalance of stocks and weak polished demand....
Mining Jul 28, 2019 Joshua Freedman
GIA color grading
GIA Cuts Prices 10% Amid Market Slowdown
The Gemological Institute of America (GIA) has temporarilyreduced grading fees for certain smaller diamonds after recording a drop in submissionsduring the recent industry slump. The organization is slashing prices of reports by 10% forpolished weighing from...
Polished Markets Jul 16, 2019 Joshua Freedman
ABN Amro branch Capelle aan den IJssel
ABN Amro Restricts Rough-Sector Lending
ABN Amro has scaled back its financing of rough-diamondpurchases, citing a lack of profitability in the manufacturing and tradingsectors.The Dutch bank, which mainly lends to rough dealers, will only offer credit without proof of onward sale...
Financial-Legal Jul 15, 2019 Joshua Freedman
Lab-grown rough diamond
India Differentiates Synthetics Imports
India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
Financial-Legal Jul 14, 2019 Joshua Freedman
Sotheby's 102.34 carat 2018
Why the Market for Large Diamonds Is in Free Fall
As the who’s who in the glitzy world of high-valuediamond auctions gathered in Geneva in May, there was an understated tone tothis year’s pilgrimage to the Swiss city. While Sotheby’s and Christie’s playedup their offerings of magnificent jewels,...
Polished Markets Jul 02, 2019 Joshua Freedman
Aleah Arundale
Lab-Grown Ban Splits Opinion on Facebook
An influential online community for jewelers has bannedsales of lab-grown diamonds, prompting fierce debate on social media. Jewelers Helping Jewelers (JHJ), a Facebook group with more than 16,000members, decreed Wednesday that no synthetics may be sold...
Technology May 30, 2019 Joshua Freedman
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