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VOICE 2020
VicenzaOro Lifts Sentiment Despite Slow Sales
VicenzaOro staged the first major international jewelry trade fair since before Covid-19 amid strict safety measures, with buyers booking modest orders.Attendance was well below pre-pandemic levels due to the absence of participants...
Polished Markets Sep 21, 2020 David Brough
Chow Tai Fook Montage
Chow Tai Fook Expanding China Store Count
Pandemic or not, Chow Tai Fook has no intention of slowing its expansion into China, with plans to open approximately 450 stores on the mainland during the current fiscal year, managing director Kent Wong told...
Retail Jun 29, 2020 Avi Krawitz
Engagement ring proposal
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
Canadian Rough
Diamond Market Cautious Amid China Concerns
RAPAPORT PRESS RELEASE, February 4, 2020, Las Vegas… Diamond market sentiment was positive for most of January but weakened as the outbreak of the coronavirus in China resulted in a shutdown of retail stores over the important Chinese...
Polished Markets Feb 04, 2020 Rapaport
Avi Krawitz
Rapaport Webinar to Outline 4Q Prospects
The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain...
Polished Markets Nov 04, 2019 Rapaport News
HK Show
Hong Kong Fair Prioritizes Buyer Incentives
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...
Polished Markets Sep 18, 2019 Joshua Freedman
Hong Kong Show
Sentiment Cautious as Hong Kong Show Starts
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,...
Mining Sep 16, 2019 Joshua Freedman
IIJS
Trade War Sparks Opportunity for Indian Jewelers
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...
Retail Aug 13, 2019 Avi Krawitz
Shanghai
Israel, Shanghai Bourses Strengthen Cooperation
Members of the Israel and Shanghai diamond exchanges are set to sign a cooperation agreement during the inaugural Israel Diamond Week that opens in the Chinese city on Tuesday.The three-day event marks the first time...
Polished Markets Jul 15, 2019 Rapaport News
Titan
High Gold Prices Mute Titan Growth
Indian jewelry retailer Titan Company cautioned that sales were lower than expected in its first fiscal quarter as high gold prices weighed on consumer spending. Sales from the jewelry division, which includes the...
Retail Jul 09, 2019 Rapaport News
Podcast
Podcast: Who’s Right – De Beers or the GIA?
Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
Polished Markets May 02, 2019 Rapaport News
Chow Tai Fook TST Hong Kong
Chow Tai Fook Sales Dip on Economic Slowdown
Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler's same-store sales fell in the three months that ended December 31. “A decline in same-store sales was recorded...
Retail Jan 15, 2019 Rapaport News
Hong Kong skyline
China Positive Amid Short-Term Uncertainty
So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive...
Research Oct 09, 2018 Avi Krawitz
T Mark
GIA, Chow Tai Fook Unveil Digital Grading Report
Hong Kong’s largest jeweler has launched a blockchain-powered app that provides consumers with a 4Cs digital grading report, along with data tracking the diamond’s journey from mine to market. Chow Tai Fook partnered...
Retail Sep 16, 2018 Avi Krawitz
Chow Tai Fook Store
Chow Tai Fook Says No to Synthetics
Chow Tai Fook, Hong Kong’s largest jewelry company, has ruled out introducing a line of lab-grown diamonds at its stores, noting that Chinese consumers are not interested in the category. “We don’t have any...
Retail Sep 16, 2018 Avi Krawitz
MDGE-SDE Signing
Macau Exchange Targets Rough Trading
Macau is hoping to leverage its relations with Portuguese-speaking diamond producers to emerge as a competitive rough-trading hub. Members of the newly created Macau China Diamond & Gem Exchange (MDGE) last week signed an agreement with the...
Rough Markets Sep 16, 2018 Rapaport News
Hong Kong Storm
Typhoon Shuts Down Hong Kong Fair
The Hong Kong Jewellery & Gem Fair closed a day early as the city braced for typhoon Mangkhut on Sunday. Authorities raised the warning signal to level 10 (the highest alert) Sunday morning, with Hong...
Polished Markets Sep 15, 2018 Rapaport News
Hk Show registration
Mixed Trading at Stormy Hong Kong Show
The diamond trade expressed some frustration about erratic activity at the Hong Kong Jewellery and Gem Fair which began on Wednesday, particularly amid warnings that a category 10 typhoon might hit the island. Many...
Polished Markets Sep 14, 2018 Avi Krawitz
De Beers Collage
Five Features Steering De Beers’ Future
De Beers is strengthening its position in the diamond market without obsessing about production, after having made some bold moves in recent years. It has now emerged as a vertically-integrated diamond company. It appears management has long recognized...
Polished Markets Aug 23, 2018 Avi Krawitz
Global Witness CAR cartoon
Diamonds Still Linked to Conflict – Civil Society
Civil-society groups have lashed out at the lack of transparency in the diamond industry, claiming the trade continues to be linked to human-rights abuses, conflict finance and corruption. “Although the diamond industry is not the only sector...
Fair Trade Jul 31, 2018 Avi Krawitz
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