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February 12 2020

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An Opportunity to Strengthen Connections
A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before...
Polished Markets Apr 07, 2020 Avi Krawitz
Erich Jacobs
JBT Amends Credit Reports to Account for COVID-19
The Jewelers Board of Trade (JBT) will issue two parallel credit ratings for companies during the current crisis to reflect the impact of the shutdown on cash flow.The organization’s credit reports, which score jewelers’...
Retail Apr 07, 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 Apr 07, 2020 Rapaport News
Rough and Polished
Diamond Prices Slides in March as COVID-19 Spreads
RAPAPORT PRESS RELEASE, April 7, 2020, Las Vegas…Diamond prices fell in March as the spreading coronavirus led to a dramatic decline in the global economy. Diamond markets are under pressure and facing a severe liquidity crisis as jewelry...
Polished Markets Apr 07, 2020 Rapaport
Tiffany
Tiffany Gives $1M to Pandemic Relief Efforts
Tiffany & Co. has donated $1 million to aid efforts to stem the spread of COVID-19, with a portion allocated toward providing essential medical supplies to New York.The jeweler will contribute $750,000 to the COVID-19 Solidarity Response...
Retail Apr 07, 2020 Rapaport News
Pandora
Pandora Hires Marketing Heads Amid Revamp
Pandora has hired two new marketing executives to head the global business units that it established recently as part of its strategic reorganization.Frederique Gouzard will lead the “moments” global unit, which includes charms and...
Retail Apr 07, 2020 Rapaport News
Closed sign
How Three Jewelers Are Coping During COVID-19
Can my company survive this crisis? How long will the shutdown last? Should I lay my workers off? Should I apply for government support? The coronavirus outbreak has left US jewelers with a string of questions. There...
Retail Apr 07, 2020 Joshua Freedman
Jwaneng
De Beers Converting Facilities to Tackle Virus
De Beers is using its mining sites in Botswana and its technology production center in the UK to help the fight against COVID-19.Debswana, the company’s joint venture with Botswana, is making facilities available for the government to use...
Mining Apr 06, 2020 Rapaport News
Rio Tinto
Govt. Allows Mining at Argyle to Continue
Mining at Rio Tinto’s Argyle deposit in Australia is proceeding as usual, despite a lockdown amid the coronavirus pandemic.The company has received full approval from the Western Australian state government to continue its production operations prior...
Mining Apr 06, 2020 Leah Meirovich
Ernie Blom
WFDB to Fund Get Diamonds Trading Platform
The World Federation of Diamond Bourses (WFDB) has adopted Get Diamonds as its official trading platform, the organization’s president Ernie Blom told Rapaport News. The WFDB’s executive committee agreed in a Zoom meeting on Sunday...
Polished Markets Apr 06, 2020 Avi Krawitz
Gem Diamonds
Letšeng Average Price Drops 6% in 1Q
Gem Diamonds’ average selling price fell 6% to $1,615 per carat in the first quarter compared with the previous three months, the company said Monday.The miner brought in $6.7 million from its second flexible...
Mining Apr 06, 2020 Rapaport News
Phillips
Phillips Postpones Hong Kong Jewelry Auction
Phillips has pushed back the date of its Hong Kong Jewels and Jadeite sale due to restrictions arising from the COVID-19 pandemic.The auction was slated for the week of May 31 to June 2 along with...
Polished Markets Apr 06, 2020 Rapaport News
Coronavirus outlook
Webinar: Understanding the Impact of COVID-19
The recent declines in diamond trading and pricing follow a rise in supply and a severe drop in demand, Rapaport Senior Analyst Avi Krawitz explained in a webinar last week. The presentation, titled “Understanding the Impact of the...
Polished Markets Apr 05, 2020 Rapaport News
Rough diamonds
Kimberley Process Plans to Digitize Its Certificates
The Kimberley Process (KP) is trialing the use of digital certificates for rough-diamond shipments, claiming the method will increase efficiency and reduce fraud.Russia, which is chairing the global certification scheme this year, will...
Financial-Legal Apr 05, 2020 Joshua Freedman
Alrosa COVID-19 Donation
Alrosa CEO Trades Stock to Aid COVID-19 Relief
Alrosa CEO Sergey Ivanov has sold a portion of his stake in the company to help fight the COVID-19 pandemic.Ivanov offloaded half of his shares in the Russian mining company for RUB 18.5 million ($241,670), Alrosa...
Mining Apr 05, 2020 Rapaport News
TSL
Hong Kong’s TSL Expects Full-Year Loss
Tse Sui Luen (TSL) has warned it will report a loss for the fiscal year, with sales hampered by a sluggish retail environment in greater China.The Hong Kong-based jeweler expects a loss of at least HKD 80 million ($10.3...
Retail Apr 05, 2020 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Diamond markets under continued pressure and facing severe liquidity crisis as jewelry retail, manufacturing, trading and mining companies shut operations during COVID-19 lockdown. Trading limited to online deals, with opportunistic buyers pushing...
Polished Markets Apr 02, 2020 Rapaport News
Rapaport TradeWire April 2, 2020
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Research Apr 02, 2020 Rapaport
Rapaport TradeWire April 2, 2020
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Research Apr 02, 2020 Rapaport
Martin Rapaport
Webinar: The Rapaport Price List
Martin Rapaport, chairman of the Rapaport Group, explained how the Rapaport Price List works during a webinar this week. He clarified its role as a list of high asking prices, and gave an overview of the data and...
Polished Markets Apr 02, 2020 Rapaport
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