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Chaim Pluczenik
Chaim Pluczenik Becomes AWDC President
The board of the Antwerp World Diamond Centre (AWDC) has elected Chaim Pluczenik as president, a spokesperson for the trade organization said Monday.Pluczenik, owner of Antwerp-based dealer Pluczenik Diamond Company, replaces Nishit Parikh, who...
Polished Markets Oct 19, 2020 Rapaport News
Antwerp Diamond Bourse
Hong Kong Show Cancellation Hits Belgium Trade
Belgium’s polished shipments slumped last month as the cancellation of the September Hong Kong show and continued uncertainty around Covid-19 stalled the sector’s recovery.“Rough is performing really well; polished is still somewhat subdued,” a spokesperson...
Polished Markets Oct 12, 2020 Rapaport News
Nishit Parikh
Nishit Parikh Stepping Down as AWDC President
The Antwerp World Diamond Centre (AWDC) has reshuffled its leadership team, with president Nishit Parikh retiring and six new members joining the board.Parikh, the CEO of Diarough, chose not to run again...
Polished Markets Oct 01, 2020 Rapaport News
Akil Zubir Alrosa
Alrosa Names New Belgium Chief
Alrosa has appointed Akil Zubir as managing director of its Belgium office, the miner said Thursday. He will succeed Sergey Panchekhin, who has worked for the company for more than 20 years and plans...
Mining Sep 21, 2020 Rapaport News
Oded Mansori
HB Antwerp Aims to Shake Up Large-Stone Market
It’s not often a newcomer sweeps in to buy the largest diamond available on the market. Such deals are usually reserved for high-end jewelers such as Graff, Moussaieff, Harry Winston, or even large-scale retailers like Chow...
Manufacturing Sep 17, 2020 Joshua Freedman
Yoram Dvash
WFDB Elects Yoram Dvash as President
The World Federation of Diamond Bourses (WFDB) has voted in Yoram Dvash as its president for a three-year term, the organization said Tuesday.Dvash, who holds the same position at the Israel Diamond Exchange, had been...
Polished Markets Sep 15, 2020 Rapaport News
Rough diamond credit Shutterstock
HB Antwerp Buys Sightholder’s Cutting Factory
HB Antwerp has acquired the manufacturing facility of Belgian large-stone specialist AMC Diamonds, gaining 13 employees alongside the company’s machinery and technology.“With this acquisition, HB Antwerp confirms its ambition to bring the diamond-polishing process back...
Manufacturing Sep 13, 2020 Rapaport News
Antwerp
Belgium Exports Rise as Demand Returns
Belgium’s polished-diamond exports grew for the first time in 16 months in August, as demand rose after a long period of inactivity.“There’s definitely demand and shortages in certain categories. People are buying again,” Karen Rentmeesters, senior communications...
Polished Markets Sep 09, 2020 Joshua Freedman
Antwerp
Belgium Sees Trading Slump Ease
Belgium’s diamond shipments continued to fall in July, but the rate of decline slowed as markets reopened following coronavirus shutdowns. The country’s polished exports dropped 35% year on year for the month, compared with a 44%...
Polished Markets Aug 30, 2020 Rapaport News
GIA dossiers
GIA Considers Shutting Antwerp Lab
The Gemological Institute of America (GIA) plans to close or heavily scale back its Antwerp operations following a review of its business in the Belgian city.“Based on global and local market conditions and activity, and the impact...
Polished Markets Aug 30, 2020 Rapaport News
ABN Amro branch in Terneuzen, The Netherlands
ABN Amro to Cease Hong Kong Diamond Lending
Dutch bank ABN Amro will close its Hong Kong diamond business in a major trimming of its global operations.The company is shutting the branch from which it lends to the local polished market, as part of a retreat from...
Financial-Legal Aug 13, 2020 Joshua Freedman
Sightholder.
Nine Sightholders Aim for Carbon Neutrality
Nine De Beers sightholders have committed to becoming carbon-neutral, aiming to align the manufacturing sector with environmental standards present elsewhere in the diamond industry.The participants will begin by assessing their current emissions, and will then...
Manufacturing Jul 29, 2020 Rapaport News
Antwerp Diamond Bourse trading floor.
Antwerp Trading Halls Shut for Second Time
The Federation of Belgian Diamond Bourses has closed all four of Antwerp’s trading floors following a spike in coronavirus cases in the city.The national government tightened social-distancing rules on Monday to prevent a repeat of the full lockdown it instituted...
Polished Markets Jul 28, 2020 Joshua Freedman
Rough diamonds Alrosa.
Alrosa Delays July Sale to Later in Month
Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
Rough Markets Jul 09, 2020 Rapaport News
The Diamond Office in Antwerp
Belgium’s Diamond Shipments Drop Further
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...
Polished Markets Jul 05, 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
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
Grib Diamonds
Rough Prices Climb at Grib Auction in Antwerp
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...
Rough Markets Jun 18, 2020 Rapaport News
Gem Diamonds Letseng
Gem Diamonds Notes Solid Rough Demand
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...
Rough Markets Jun 18, 2020 Rapaport News
Rough diamonds in a loupe
De Beers Sight Opens with Viewings in Antwerp
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...
Rough Markets Jun 17, 2020 Joshua Freedman
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