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US Import Slump Continues in May
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US polished-diamond imports dropped heavily again in May, according to Commerce Department data, with Covid-19 shutting the global market and devastating demand. May is usually the strongest month for shipments as exhibitors send goods to the...
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Polished Markets
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Jul 13, 2020
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Rapaport News
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US Polished Imports Down 66% in March
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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...
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Polished Markets
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May 19, 2020
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Rapaport News
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Antwerp Trade Suffers Its Worst Month Ever
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Belgium’s diamond trade fell to its lowest level on record in April as US orders dried up and the shutdown of the aviation industry made transporting goods almost impossible.Total diamond shipments in and out of Belgium slumped 89% year...
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Polished Markets
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May 13, 2020
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Joshua Freedman
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Mumbai Trade Resumes with 10% of Workers
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Indian authorities have allowed Mumbai’s diamond and jewelry companies to reopen partially on condition that they limit their workforces and follow social-distancing rules.Trade members may operate with up to 10% of their staff members in order...
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Polished Markets
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May 12, 2020
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Rapaport News
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Eight Surat Cutting Units Return to Work
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India has resumed manufacturing and exports of gems and jewelry, as the country starts to ease its restrictions following five weeks of lockdown.Eight production units in Surat, the country’s diamond-cutting hub, have begun operations at the...
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Polished Markets
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May 04, 2020
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Rapaport News
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India’s Cutting Sector Faces Decade-Low Revenues
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India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory has built up, a credit agency has warned.Diamond sales will decline up to 32%, to $13 billion to $15 billion,...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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March Shutdown Hits Swiss Watch Exports
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Swiss watch exports slumped in March amid continued market pressures resulting from the coronavirus pandemic.Shipments slid 22% to CHF 1.36 billion ($1.4 billion) for the month, with most markets declining significantly, the...
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Watches
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Apr 21, 2020
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Rapaport News
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India’s Polished Exports Fall 41% in February
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India’s polished-diamond trade slowed inFebruary, reflecting lower demand from Hong Kong and China due to thecoronavirus. Exports dropped 41% to $1.38 billion, while rough imports rose, accordingto data from the country’s Gem...
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Polished Markets
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Apr 12, 2020
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Rapaport News
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Israel Eases Trading Rules After Exports Plummet
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Israel’s diamond regulator has granted temporary concessions to promote shipments to and from countries affected by the coronavirus, after exports slumped in February.Dealers can now spend 90 days inspecting polished goods from certain virus-hit countries...
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Polished Markets
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Mar 12, 2020
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Rapaport News
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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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