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WFDB Prepares Master Plan to Boost Relevance
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There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
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Polished Markets
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Oct 07, 2019
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Avi Krawitz
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Diamond Trade Cautious Ahead of Holiday Season
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RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas…Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war,...
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Polished Markets
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Oct 07, 2019
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Rapaport
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CAR Announces Diamond-Buying Reforms
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The Central African Republic (CAR) on Thursday unveiled a program to overhaul its diamond sector, with the goal of increasing its export revenue. Diamond buyers operating in the country must pledge to improve transparency and meet...
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Rough Markets
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Oct 03, 2019
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Rapaport News
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WDC Warns Against Smuggled CAR Diamonds
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The World Diamond Council (WDC) has cautioned the trade to be vigilant when buying diamonds from the Central African Republic (CAR) since most of the country’s rough is being smuggled across its borders.The Kimberley...
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Rough Markets
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Oct 02, 2019
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Avi Krawitz
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313ct. Diamond Emerges as World’s Largest D-Color
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Nemesis International on Thursday unveiled a 313-carat diamond that has been certified as the largest D-color polished stone in history. The emerald-shape, VVS-clarity diamond, known as Constellation 1, is one of eight stones that make up a collection manufactured from...
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Polished Markets
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Sep 26, 2019
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Avi Krawitz
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Hong Kong Fair Prioritizes Buyer Incentives
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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...
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Polished Markets
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Sep 18, 2019
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Joshua Freedman
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Sentiment Cautious as Hong Kong Show Starts
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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,...
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Mining
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Sep 16, 2019
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Joshua Freedman
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Opinion: An Urgent Call to Invest in Marketing
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The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.Recent challenges have...
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Marketing
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Sep 09, 2019
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Shashin Choksi & Siddharth Choksi
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Trade Bodies Relaunch Cost of Business Survey
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Jewelers of America (JA) has partnered with the Jewelers Board of Trade (JBT) to launch the Retail Jewelers Benchmarking Study, replacing the JA’s Cost of Doing Business Survey last published in 2015. The resulting report...
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Retail
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Sep 05, 2019
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Rapaport News
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Tracr Aiming to Be More Than a Blockchain
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As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
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Polished Markets
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Sep 04, 2019
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Avi Krawitz
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China Slowdown Weighing on Diamond Prices
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RAPAPORT PRESS RELEASE, September 3, 2019, Las Vegas … Diamond markets were quiet in August, with dealers taking their summer vacations amid uncertainty about the important Hong Kong Jewellery & Gem Fair. Demand...
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Polished Markets
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Sep 03, 2019
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Rapaport
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Podcast: Oversupply, Tariffs and Silver Linings
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As trade members return from their summer vacations, the Rapaport editorial team outlines the industry’s prospects for the rest of the year. It’s volatile out there with all the talk of recession, rumblings...
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Polished Markets
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Aug 22, 2019
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Rapaport News
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Trade War Sparks Opportunity for Indian Jewelers
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India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
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Retail
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Aug 13, 2019
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Avi Krawitz
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How Trump’s Tariffs Could Affect the Trade
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Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018,...
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Financial-Legal
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Aug 11, 2019
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Lara Ewen
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HSBC to Pay $330M in Antwerp Fraud Settlement
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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...
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Financial-Legal
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Aug 07, 2019
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Joshua Freedman
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Let’s Set Our Sights on the Auctions
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De Beers’ first-half earnings highlighted the many challenges facing the diamond trade. But beyond the sharp declines the mining company suffered, CEO Bruce Cleaver and chief financial officer Nimesh Patel were...
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Rough Markets
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Aug 07, 2019
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Avi Krawitz
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Diamond Trading Quiet Amid Tight Profits
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RAPAPORT PRESS RELEASE, August 6, 2019, Las Vegas … Diamond-market sentiment was weak in July due to tight profits and liquidity. The pressures facing cutters and dealers resulted from high rough supply at inflated prices...
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Polished Markets
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Aug 06, 2019
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Rapaport
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Alrosa Nets Fish-Shaped Diamond
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Alrosa’s knack for recovering unusually shaped diamonds hasscaled new heights with the discovery of a rough stone resembling a fish.“In the photo, you see a very rare specimen: a rough-diamondcrystal which pretends to be a fish,” the Russian...
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Mining
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Aug 01, 2019
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Rapaport News
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Newfield Secures Funds for Sierra Leone Mine
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Newfield Resources will start construction at the Tongo mine in Sierra Leone in the coming weeks, after its board approved final funding for the project. The first diamond production from the mine is expected...
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Mining
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Jul 30, 2019
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Rapaport News
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Dubai Upgrading Diamond-Tender Center
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The Dubai Diamond Exchange (DDE) will soon unveil its renovated center for rough and polished diamond tenders, the bourse reported Saturday. “The DDE is currently under renovation,” the exchange said. “Once...
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Polished Markets
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Jul 29, 2019
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Rapaport News
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