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Dubai Diamond Exchange
Antwerp, Dubai Upbeat on Rough-Tender Market
The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
Rough Markets Jan 12, 2021 Rapaport News
GIA grading report
GIA to Cut Back Antwerp Business
The Gemological Institute of America (GIA) will scale back its Antwerp operations from January, but has decided not to shut the laboratory entirely.“Today, we notified clients of the GIA laboratory in Antwerp that, as of January, the...
Polished Markets Dec 22, 2020 Joshua Freedman
Antwerp Diamond Fair
Belgium Trade Sees Third Consecutive Drop
Belgium’s polished-diamond exports fell 9% year on year to $612 million in November, marking the third consecutive month of decline. The slowdown reflects a 7% drop in shipments to the US, for a total of $194 million, according to data the Antwerp...
Polished Markets Dec 15, 2020 Rapaport News
Antwerp
Belgium Polished Trade Slips in October
Belgium’s polished-diamond exports fell 6% year on year to $629 million in October as lower shipments to Hong Kong and France outweighed a rise in orders from the US. However, unusually high-value exports to France in October 2019 skewed the...
Polished Markets Nov 16, 2020 Rapaport News
Jonathan Kendall, De Beers
De Beers Exec Jonathan Kendall to Retire
Jonathan Kendall, a key executive in De Beers’ downstream activities, will retire at the end of the year following two decades with the business.Kendall was most recently president of De Beers Group Industry Services — the miner’s grading...
Mining Nov 15, 2020 Rapaport News
Gahcho Kue
Mountain Province Sees Drop in Quarterly Sales
Mountain Province’s revenue fell 14% year on year to CAD 47.3 million ($36.1 million) in the third quarter as Covid-19 limited the miner’s ability to sell rough.The company held only one standard sale during the...
Mining Nov 05, 2020 Rapaport News
De Beers rough diamonds
De Beers Lets Sightholders Defer Smaller Goods
De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has slashed demand.Sightholders can refuse to buy fancies, makeables and sawables up to 0.75 carats, and instead make the...
Rough Markets Nov 02, 2020 Joshua Freedman
Jacques Korn
Belgium Diamond Veteran Jacques Korn Dies
The Belgian diamond industry is mourning the death of Jacques “Jacky” Korn, a former president of the Antwerp Diamond Bourse and a veteran of the trade.Korn previously served as the vice president of the Federation of Belgian Diamond Bourses...
Polished Markets Nov 02, 2020 Rapaport News
Diamond merchants Surat India 2015
India Trade Lobbies for Lower Taxes
The Indian diamond industry has urged the government to cut taxes and lift red tape ahead of the country’s annual Union Budget, arguing that exports could double under the right conditions.The Gem...
Financial-Legal Nov 01, 2020 Rapaport News
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
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