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UK Secures Deal to Keep Rough Trade Alive
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The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
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Rough Markets
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Jan 15, 2020
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Joshua Freedman
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India Polished Exports Drop
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India’s polished-diamond exports fell 15% to $1.95 billion inOctober, reflecting a 22% slide in the average price of shipments. Export volumerose 8% to 2.8 million carats, according to data from the Gem & JewelleryExport Promotion Council. The...
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Polished Markets
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Nov 14, 2019
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Rapaport News
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Israel Polished-Diamond Exports Decline
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Israel’s polished-diamond exports fell 21% to $2.62 billionin the first nine months of the year, according to data from the nation’sMinistry of Economy. Shipments to the US, Israel’s largest export market,dropped 14% to $1.13 billion, while...
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Polished Markets
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Nov 10, 2019
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Rapaport News
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Belgium Diamond Trade Slows
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Belgium’s diamond trade continued its decline in August, withrough and polished shipments slowing. Polished exports slumped 34%, reflectinglower volumes and a steep drop in the average price, according to data from theAntwerp World Diamond...
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Polished Markets
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Sep 11, 2019
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Rapaport News
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Belgium’s Rough Trade Hits Decade Low
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Belgium’s rough-diamond trade fell in the first half to its lowest level since the financial crisis. Rough imports to the country declined 26% year on year to $4.36 billion during the six months ending June...
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Polished Markets
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Jul 15, 2019
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Rapaport News
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India Hikes Import Tax on Precious Metals
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India’s Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in furtherjob losses.The council...
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Financial-Legal
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Jul 07, 2019
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Rapaport News
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India’s Polished Exports Fall in March
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India’s polished exports dropped 8% year on year to $1.86 billion inMarch, reflecting continued weakness in the diamond market. Lower volumes outweighed a rise in the average price, according to data the Gem &Jewellery Export Promotion Council...
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Polished Markets
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May 06, 2019
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Rapaport News
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US Polished Imports Drop in Early 2019
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The US polished-diamond trade was sluggish in the firsttwo months of the year, with imports declining and exports stable. Bothcategories recorded a weaker February than January. The drops in import valuereflected a lower average price in both...
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Polished Markets
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May 02, 2019
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Rapaport News
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India Starts Year with Export Slump
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India’s polished-diamond exports dropped 16% to $1.75 billion in January,continuing their recent weakness. A slide in the volume of shipments outweigheda higher average price, according to data the Gem & Jewellery ExportPromotion Council (GJEPC) released this...
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Polished Markets
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Feb 20, 2019
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Rapaport News
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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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Sales Rise at India’s Asian Star
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Sales and profit grew at Indiandiamond manufacturer Asian Star in the second fiscal quarter amid improvedjewelry exports and a strong performance at its Dubai trading unit.The Mumbai-based group saw strong margins in its jewelry division,...
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Manufacturing
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Dec 04, 2018
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Rapaport News
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Higher Average Price Boosts India Exports
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India’s polished-diamond exports jumped 20% by value in August amid a 26% increase in the average price, according to data the nation’s Gem & Jewellery Export Promotion Council released recently. Rough imports fell 8% during the...
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Polished Markets
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Oct 02, 2018
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Rapaport News
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Weak Rupee Raises Hopes for Indian Exports
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A weaker rupee againstthe US dollar has helped boost exports to leading markets such as the US andChina, attendees at the India International Jewellery Show (IIJS) reported. “The jewelry anddiamond and colored-gemstone business is flourishing,” Gaetano Cavalieri,president...
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Mining
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Aug 13, 2018
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David Brough
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Indian Banks Slash Lending by 10%
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Bank financing to India’s gem and jewelry sector has fallenat least 10% since April 1 due to stricter lending conditions, according to the trade’s export-promotion body.Credit providers tightened their rules after allegations inJanuary that...
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Financial-Legal
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Jul 24, 2018
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Rapaport News
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Belgium’s Polished Trade Grows in June
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Belgiumsaw an increase in polished imports and exports in June, continuing a modestupward trend for the sector this year. The rough trade slowed in June, butfigures are up overall for the year to date. Belgium Diamond Trade...
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Polished Markets
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Jul 18, 2018
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Rapaport News
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India Sees Rise in Polished Exports
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India’s polished-diamond exports grew 8% in March, accordingto data the nation’s Gem and Jewellery Export Promotion Council (GJEPC)released Friday. Shipments increased to $2.03 billion year on year for themonth, with the volume of exports falling...
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Mining
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Apr 30, 2018
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Rapaport News
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Botswana’s Rough Exports Drop
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Botswana’s rough-diamond exports declined 14% to $3.48 billion in 2017, according to data released by the Bank of Botswana. After rising slightly in the first quarter, exports dropped18% year on year in the second quarter, slid 21% in the...
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Mining
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Jan 31, 2018
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Rapaport News
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India’s Diamond Trade Grows in 2017
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India’s polished-diamond exports increased 2.1% to $23.09billion in 2017 as the nation shipped out a higher volume of goods. By weight, exports jumped 14% to 37.3 million carats, whilethe average price slipped 11% to $620 per carat, Rapaport...
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Polished Markets
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Jan 22, 2018
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Rapaport News
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Hong Kong Exports on Track for 2018 Growth
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Robust retail sales during the recent holiday period willlead to growth in Hong Kong’s export market in 2018, the Hong Kong TradeDevelopment Council (HKTDC) said. Strong sales figures at the end of 2017 in both traditionaland...
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Retail
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Jan 03, 2018
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Rapaport News
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India’s Diamond Trade Slows in October
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India’s diamond trade showed a significant slowdown inOctober as dealers and manufacturers took vacation for the Diwali festival. Polished-diamond exports slid 23% to $1.93 billion, according to data recently published by the Gem & Jewellery...
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Polished Markets
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Nov 23, 2017
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Rapaport News
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