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Melee polished diamonds being graded and organised
India Extends Import Curbs as Surat Shuts Again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 01, 2020 Joshua Freedman
Christie's
29ct. Diamond Sets Online Record at Christie’s
Christie’s brought in more than $4 million at its latest digital sale, with a 29-carat diamond earning the highest online price ever for a jewel.The emerald-cut, 28.86-carat, D-color, VVS1-clarity, type IIa diamond ring garnered $2.1...
Polished Markets Jul 01, 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 Jul 01, 2020 Rapaport News
HK Retail 150
Hong Kong Retail Sales Fall Sharply in May
Sales of jewelry and other luxury items in Hong Kong plunged in May, even as the market showed signs of recovery amid an easing of the city’s coronavirus crisis.Revenue from jewelry, watches, clocks and other valuable gifts...
Retail Jun 30, 2020 Rapaport News
Alrosa International Mine 150
Alrosa Mine Restarts Following Virus Closure
Alrosa has resumed operations at its International underground mine following a brief suspension after several employees tested positive for Covid-19.Management at the Russian miner’s Mirny mining and processing division, which oversees the site,...
Mining Jun 30, 2020 Rapaport News
DMCC 150
Dubai, China Establish Diamond Partnership
The Dubai Multi Commodities Centre (DMCC) has signed an agreement with China’s Guangzhou Diamond Exchange (GZDE) that will create new trading opportunities for both parties.“This agreement will further advance the strong...
Rough Markets Jun 30, 2020 Rapaport News
IGI clarity tester 150
IGI Opens Doors in New York
The International Gemological Institute (IGI) is reopening its New York grading laboratory following a three-month closure amid the coronavirus pandemic.“As the metropolitan area has been cleared to enter phase 2, the institute is safely restarting...
Polished Markets Jun 30, 2020 Rapaport News
Alrosa rough diamonds
Buyers Snub De Beers and Alrosa over High Prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
Rough Markets Jun 29, 2020 Joshua Freedman
Luk Fook 150
Pandemic Pinches Luk Fook Revenue
Luk Fook’s revenue and profit fell in fiscal 2020 as the coronavirus and social unrest in Hong Kong hampered sales.Overall revenue for the Hong Kong-based jewelry retailer dropped 29% to HKD 11.23 billion ($1.45...
Retail Jun 29, 2020 Rapaport News
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
Sarine Lucara 150
Sarine to Provide ‘Birth Certificate’ for Lucara Rough
Sarine Technologies has expanded its collaboration with Lucara Diamond Corp. to include provenance traceability for all diamonds listed on the miner’s rough-sales platform.Clara, which enables customers to obtain individual rough diamonds with the...
Technology Jun 28, 2020 Rapaport News
Nissim Zuaretz
ISDMA Elects Nissim Zuaretz as President
The Israel Diamond Manufacturers Association (ISDMA) has elected Nissim Zuaretz, founder of D.N. Diamonds, as its president.He will serve a three-year term, succeeding Kobi Korn, who had held the position since 2014, Zuaretz...
Manufacturing Jun 28, 2020 Rapaport News
Petra Cullinan 150
Petra Seeks Buyer for Its Business
Petra Diamonds plans to sell the company as it struggles with mounting debt.The company owns the Cullinan, Finsch and Koffiefontein mines in South Africa. It also operates the Williamson deposit in Tanzania, which is currently on care and...
Mining Jun 28, 2020 Rapaport News
Patrick Sevigny 150
Stornoway Shakes Up Top Management
Patrick Sévigny will take over management of Stornoway Diamonds following the exit of CEO Patrick Godin amid the company’s efforts to streamline its executive team.Sévigny will lead the company as chief operating officer, Stornoway...
Mining Jun 28, 2020 Rapaport News
GIA Scholarships
GIA to Unlock New York Lab
The Gemological Institute of America (GIA) is reopening its New York grading laboratory Monday following a three-month shutdown due to the coronavirus.“As restrictions are lifted and the global gem and jewelry industry begins to recover,...
Polished Markets Jun 25, 2020 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Market uncertainty continues as Covid-19 cases rise again. Polished trading limited, but increase in online searches indicates efforts to fill specific orders. Major jewelers investing in e-commerce to stimulate multichannel sales and ease inventory requirements....
Polished Markets Jun 25, 2020 Rapaport News
Rapaport TradeWire June 25, 2020
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Research Jun 25, 2020 Rapaport
Rapaport TradeWire June 25, 2020
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Research Jun 25, 2020 Rapaport
Antwerp Port House
Slowdown in Belgian Shipments Eases
Belgium’s diamond trade continued to decline in May, but at a gentler pace that in the previous month as global markets gradually reopened. Total imports and exports of rough and polished stones fell 81% year on year, compared...
Polished Markets Jun 25, 2020 Rapaport News
Alrosa Inter International mine
Virus Cases Force Shutdown at Alrosa Mine
Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees tested positive for coronavirus.The Russian miner will only carry out work to ensure the safety and maintenance...
Mining Jun 25, 2020 Rapaport News
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