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Sierra Leone
Rapaport Proposes Sierra Leone Diamond Reform
RAPAPORT PRESSRELEASE, April 17, 2019, New York … The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and...
Fair Trade Apr 17, 2019 Rapaport
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
ABN Amro 600
ABN Amro Scales Back Diamond Lending
ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its “very small portfolio,” a spokesperson...
Financial-Legal May 21, 2018 Rapaport News
Dubai
Dubai Trade Warns Against Diamond Tax
The introduction of value added tax (VAT) on loosediamonds would strongly jeopardize growth opportunities in the United ArabEmirates (UAE), Dubai’s diamond leadership warned on Monday.“The possible cost implications of a VAT introduction forUAE traders are huge,”...
Polished Markets Oct 17, 2017 Avi Krawitz
Dubai
Dubai Conference Set for October
The Dubai Diamond Exchange (DDE) will host its biennialdiamond conference on October 16 and 17 this year, and expects to attractfigures from across the industry.The Dubai Diamond Conference 2017, which focuses on thetheme of “shaping the...
Polished Markets Jul 05, 2017 Rapaport News
Alrosa rough sorting
Global Rough Trading Jumps in 2016
Global rough-diamond trading grew last year amid anincrease in average prices, according to data the Kimberley Process (KP)released Tuesday.Worldwide rough imports jumped 15% by value to $48.56billion in 2016, while import volume increased 11% to 380.8...
Rough Markets Jul 05, 2017 Rapaport News
Ahmed Bin Sulayem
KP Proposes UN-Mandated Permanent Secretariat
The Kimberley Process (KP) chair called forthe establishment of a permanent secretariat to oversee the rehabilitation ofnations that have been banned from exporting diamonds.The proposal will be part of the agenda atthe KP plenary in Dubai from...
Fair Trade Oct 19, 2016 Rapaport News
Ahmed Bin Sulayem
KP Mulls Using Tech to Eradicate Conflict Diamonds
The United Arab Emirates-based chair of the KimberleyProcess (KP) has proposed using ‘blockchain’ technology to enhance security andprevent conflict diamonds from entering the market.Blockchain is a list of transactions that take place in apeer-to-peer network. It enables...
Technology Aug 22, 2016 Rapaport News
Ahmed Bin Sulayem
KP and Civil Society Lock Horns Over Boycott
The Kimberley Process (KP) Civil Society Coalition hit backagainst comments by the KP chair criticizing the non-profit alliance for notengaging with the organization. The association last year boycotted the KP when the United...
Fair Trade Jun 09, 2016 Rapaport News
EU Flag
EU Eyes 2018 Kimberley Process Chairmanship
TheEuropean Union (EU) is bidding for the role of Kimberley Process vice chair in2017, meaning it would assume chairmanship of the organization the followingyear. In a jointproposal made at the KP intersessional meeting in Dubai last week, India wouldserve...
Rough Markets May 30, 2016 Rapaport News
Ahmed Bin Sulayem
Kimberley Process to Readmit CAR, Venezuela
The Central African Republic (CAR) and Venezuela are edgingcloser to a return to the Kimberley Process (KP) following the organization’s intersessionalmeeting in Dubai last week.The monitoringteam assessing the CAR has “by and large” completed...
Rough Markets May 29, 2016 Rapaport News
De Beers Rough
Kimberley Process Study Aims to Standardize Rough Pricing
The United Arab Emirates-based chair of the KimberleyProcess (KP) is consulting with key industry players over potentially devisingthe first set of global standards for pricing of rough diamonds.Ahmed BinSulayem, the 2016 chair of the KP and...
Rough Markets Mar 28, 2016 Rapaport News
Kimberley Process
UAE ‘Ready to Back Venezuela’s Return to Kimberley Process’
The United Arab Emirates (UAE) is prepared to support Venezuela’s attemptto return to the Kimberley Process (KP), The National reported, citingAhmed bin Sulayem, the chairman of the Dubai Multi Commodities Centre (DMCC)and the new...
Fair Trade Feb 16, 2016 Rapaport News
DMCC
UAE’s Ministry of Economy, DMCC Sign Pact to Supervise Rough Trade
The Ministry of Economy of the United Arab Emirates (UAE)and the Dubai Multi-Commodities Centre (DMCC) have agreed to enhance coordinationso that the supervision of the country’s rough diamond trade will be in linewith the Kimberley Process...
Fair Trade Dec 29, 2015 Rapaport News
National Bank of Fujairah Diamond Financing
National Bank of Fujairah Opens Diamond Financing Office in Dubai
The National Bank of Fujairah (NBF) opened its diamond financing office in the Dubai Multi Commodities Centre (DMCC). Thiscomes after the United Arab Emirates bank set up a diamond financing team inApril 2015 to fund...
Financial-Legal Dec 27, 2015 Rapaport News
kimberley process
Civil Society Coalition to Boycott 2016 Kimberley Process over UAE’s Chairmanship
The Kimberley Process Civil Society Coalition (CSC) will boycott next year’s Kimberley Process (KP) in response to the United Arab Emirates’ (UAE) chairmanship of the organization, it announced in a statement November 17.The group raised concerns...
Fair Trade Nov 18, 2015 Rapaport News
Amnesty Logo
AWDC Disputes Amnesty Claims in CAR Report
The Antwerp World Diamond Centre (AWDC) is taking Amnesty International to task for allegations it has made in a new report on the trade of diamonds originating in the Central African Republic.The NGO said some of the CAR’s largest...
Fair Trade Sep 30, 2015 Rapaport News
Made in UAE
UAE to Increase Locally-Made Jewelry Manufacturing
A UAE jeweler has confirmed plans to set up design and productions facilities that will increase the country’s capacity to manufacture locally made jewelry, enabling ‘Made in UAE’ imprint to spread out more in the Gulf and...
Manufacturing Sep 30, 2015 Rapaport News
dubai jewellery week
Dubai Diamond Finance Grows as Antwerp Loses Lender: Bloomberg
Bloomberg News reports Dubai’s diamond trade will grow as the Middle East emirate attracts dealers from the industry’s traditional hub in Antwerp after one of the Belgium's main gem lenders closed, depriving buyers...
Financial-Legal Sep 16, 2015 Rapaport News
kimberley process
UAE Chosen as Kimberley Process Chair
The United Arab Emirates (UAE) has become the first Arab country to take up the position of Kimberley Process (KP) vice-chair, assuming the duty in 2016. The Dubai Multi Commodity Centre (DMCC) and the...
Fair Trade Sep 16, 2015 Rapaport News
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