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Belgium’s Diamond Shipments Drop Further
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Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier...
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Polished Markets
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Jul 05, 2020
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Rapaport News
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Buyers Snub De Beers and Alrosa over High Prices
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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...
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Rough Markets
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Jun 29, 2020
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Joshua Freedman
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Slowdown in Belgian Shipments Eases
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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...
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Polished Markets
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Jun 25, 2020
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Rapaport News
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Rough Prices Climb at Grib Auction in Antwerp
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Grib Diamonds noted a modest increase in rough prices versus pre-lockdown levels as demand returned following a two-month pause in sales.The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, brought in just over...
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Rough Markets
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Jun 18, 2020
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Rapaport News
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Gem Diamonds Notes Solid Rough Demand
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Gem Diamonds reported a rise in the average selling price for the first half of 2020, noting that appetite for its goods had improved at a recent tender in Antwerp.“The results of the latest tender for Letšeng’s...
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Rough Markets
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Jun 18, 2020
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Rapaport News
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De Beers Sight Opens with Viewings in Antwerp
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De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong...
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Rough Markets
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Jun 17, 2020
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Joshua Freedman
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HRD Shuts Equipment Unit in Reorganization
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HRD Antwerp has closed its equipment division, effective June 9, as part of a restructuring of the Belgian grading laboratory.The organization will increase its focus on its grading and education services, CEO Ellen Joncheere said in a statement...
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Technology
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Jun 10, 2020
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Rapaport News
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Diamond Markets Return Cautiously
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RAPAPORT PRESS RELEASE, June 2, 2020, Las Vegas… Diamond trading is starting to regain traction in Hong Kong with some demand from China. Hong Kong is mostly open for business, but concerns are mounting about...
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Polished Markets
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Jun 02, 2020
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Rapaport
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Petra Mulls June Tender After Rough-Price Slump
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Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May sale.Prices fell 27% in March and April compared with February as the Covid-19 pandemic reduced business activity...
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Mining
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May 31, 2020
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Rapaport News
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Israel Bourse Trading Floor to Reopen May 24
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The trading floor at the Israel Diamond Exchange (IDE) will resume “regular activities” next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new...
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Polished Markets
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May 17, 2020
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Rapaport News
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Ernie Blom Wins Legal Case Against WFDB
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An Antwerp court has prohibited the World Federation of Diamond Bourses (WFDB) from publicly blacklisting former president Ernie Blom over a payment dispute in Dubai.Blom had sought an injunction to prevent the organization from complying with...
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Financial-Legal
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May 17, 2020
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Rapaport News
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Exports Restart at India’s Bharat Diamond Bourse
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Mumbai has dispatched its first diamond exports since India’s lockdown started, after the regional government allowed limited activities to resume at the city’s Bharat Diamond Bourse (BDB).The first shipments took place on Tuesday,...
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Polished Markets
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May 14, 2020
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Joshua Freedman
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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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Israel Bourse Resumes Certain Services
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The Israel Diamond Exchange (IDE) has become the latest bourse to revive operations, as trading centers around the world slowly return to action following lockdowns.Facilities including banks, the post office, customs, the diamond...
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Polished Markets
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May 06, 2020
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Rapaport News
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Antwerp Trading Floors to Reopen May 11
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Antwerp’s four diamond-trading halls will reopen next week as Belgium gradually relaxes its restrictions on movement and social interaction.The government permitted diamond companies to restart operations on Monday, though many employees will work from...
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Polished Markets
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May 04, 2020
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Joshua Freedman
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Belgian Exports Slump as COVID-19 Hits US
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Belgium’s polished-diamond exports dropped 51% to $513.7 million in March, reflecting the impact of the coronavirus on global shipments.Exports to the US fell 47% to $152.9 million, according to data from the Antwerp World Diamond Centre, as the pandemic...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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Rough Prices Slide 24% at Petra Tender
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Rough prices slumped at Petra Diamonds’ March tenders in South Africa and Antwerp as the severe slowdown in the market virtually wiped out demand.Goods from Petra’s South Africa mines sold for 24% less than...
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Mining
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Mar 29, 2020
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Rapaport News
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Belgium, Israel to Hold Online Diamond Fair
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Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the...
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Polished Markets
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Mar 18, 2020
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Rapaport News
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Belgium, Israel Shut Diamond Trading Halls
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All diamond trading halls in Belgium and Israel are closing until further notice as the countries attempt to stem the spread of the coronavirus.Antwerp’s four bourses will shut their trading floors from Monday, the...
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Polished Markets
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Mar 15, 2020
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Rapaport News
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Belgium’s Polished Exports Slump 55%
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Belgium’s polished-diamond exports dropped 55% to $560 million in February, reflecting a slowdown in the market due to the coronavirus. However, rough imports grew, continuing a trend that began in January, data from the Antwerp World Diamond...
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Polished Markets
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Mar 08, 2020
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Rapaport News
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