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February 12 2020

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Tiffany store NY 150
US Jewelry Stores Begin Reopening
US jewelers have restarted business in many states following a more than two-month shutdown to stem the spread of Covid-19.Signet banner Kay Jewelers has opened nearly 120 stores across the country, while business has resumed...
Retail May 26, 2020 Rapaport News
Swiss Watches
Swiss Watch Exports Down 81% in April
Swiss watch exports plunged in April as coronavirus lockdowns brought the entire supply chain to a near halt.“Swiss watch exports were extremely low in April as a direct result of the standstill in production, distribution and sales, causing them...
Polished Markets May 26, 2020 Rapaport News
Bharat Diamond Bourse.
India’s Shipments Drop Sharply in March
India’s diamond shipments declined heavily in March as the coronavirus crisis hit the US market. Polished exports slumped 48% to $960 million, while rough imports fell 65% to $293 million as Indian manufacturers demonstrated less demand....
Polished Markets May 25, 2020 Rapaport News
Image: The Bharat Diamond Bourse in Mumbai. (Rapap
Israel Bourse Opens Redesigned Trading Hall
The Israel Diamond Exchange (IDE) has reopened its trading floor following a two-month nationwide lockdown due to the pandemic.The hall will operate under a new format to comply with government health-and-safety rules, the IDE...
Polished Markets May 25, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Cuts 2020 Production Plan
Alrosa is set for its lowest annual rough-diamond production in at least a decade, after the Russian miner reduced its outlook by up to 6 million carats due to the weak market.The company now expects to produce 28 million to 31 million carats...
Mining May 24, 2020 Rapaport News
Dominion
Dominion to Sell Assets in Bid to Avoid Bankruptcy
Dominion Diamond Mines has agreed to an asset sale that would allow it to resume mining operations and avoid bankruptcy.The deal, which is subject to court approval, would provide an affiliate of the Washington Companies — which purchased Dominion...
Mining May 24, 2020 Rapaport News
RJC
RJC Elects New Board Members
The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior...
Polished Markets May 24, 2020 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Diamond trading remains at historic lows due to reduced demand and continued lockdown in important US market. Service providers resume operations. GIA opens five global labs. Israel Diamond Exchange to unlock trading floor on May 24....
Polished Markets May 21, 2020 Rapaport News
Rapaport TradeWire May 21, 2020
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Research May 21, 2020 Rapaport
Sotheby's
Sotheby’s to Hold Magnificent Jewels Sale in June
Sotheby’s will hold its Magnificent Jewels and Noble Jewels auction in Geneva in June, its first live sale since the onset of the coronavirus pandemic.The auction will be held in two parts, Sotheby’s told Rapaport...
Polished Markets May 21, 2020 Rapaport News
JBT
JBT Appoints New Chairman
The Jewelers Board of Trade (JBT) has chosen Ann Arnold, chief strategy officer for Buyers Intelligence Group (BIG), to head its board of directors.Arnold, who was appointed at the company’s April 30 board meeting, has...
Retail May 21, 2020 Rapaport News
Surat
Surat Diamond-Cutting Sector Reopens
The Indian government has allowed diamond businesses in Surat to reopen with limited staff numbers following concerns the shutdown was causing an exodus of workers.Companies can now employ 50% of workers in factories and 33% in offices,...
Manufacturing May 21, 2020 Rapaport News
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
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...
Polished Markets May 21, 2020 Rapaport News
What Can the Pandemic Teach Us?
What Can the Pandemic Teach Us?
How we manage disruption and upheaval will always be a defining moment. And the lessons we learn during these challenging times will be vital to our future longevity. What we have experienced as an industry over the last several...
Polished Markets May 20, 2020 John Costello
Giovanna Battaglia Engelbert Swarovski
Swarovski Hires First Creative Director
Swarovski has appointed Giovanna Battaglia Engelbert as its first creative director as part of the company’s new business realignment.Engelbert, who has worked as a creative director, international editor and fashion consultant for luxury brands for...
Retail May 20, 2020 Rapaport News
Rough diamond
India Trade Delays Import Freeze to June 1
The Indian diamond trade has postponed its one-month freeze on rough imports until June 1 to give companies more time to complete outstanding shipments.The Gem & Jewellery Export Promotion Council (GJEPC) and four other...
Rough Markets May 20, 2020 Joshua Freedman
Polished diamonds in hand
DPA to Rebrand, Abandon ‘Real Is Rare’
The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.Starting June 1, the marketing group will unveil a fresh...
Marketing May 19, 2020 Joshua Freedman
Baselworld
Baselworld to Drop Name, Change Venue
Baselworld’s organizers are planning to change the event’s name, restructure its format and choose a new location following its falling-out with exhibitors and the cancellation of its January 2021 show.“The date of January 2021...
Watches May 19, 2020 Rapaport News
Manhattan coronavirus
US Polished Imports Down 66% in March
US polished-diamond imports fell in March to their lowest level since December 2002 as the coronavirus hit global trading. The month saw the 12th consecutive year-on-year decline, according to Rapaport archives based on data from the...
Polished Markets May 19, 2020 Rapaport News
GIA
Five GIA Labs Resume Operations
The Gemological Institute of America (GIA) has reopened laboratories in five locations following COVID-19 shutdowns.The organization’s labs in Johannesburg and Tokyo recommenced limited operations on May 7, the GIA said Monday. Visitors to the Johannesburg lab...
Polished Markets May 19, 2020 Rapaport News
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