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Antwerp, Dubai Upbeat on Rough-Tender Market
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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...
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Rough Markets
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Jan 12, 2021
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Rapaport News
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GIA to Cut Back Antwerp Business
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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...
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Polished Markets
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Dec 22, 2020
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Joshua Freedman
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Belgium Trade Sees Third Consecutive Drop
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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...
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Polished Markets
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Dec 15, 2020
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Rapaport News
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Belgium Polished Trade Slips in October
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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...
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Polished Markets
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Nov 16, 2020
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Rapaport News
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De Beers Exec Jonathan Kendall to Retire
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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...
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Mining
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Nov 15, 2020
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Rapaport News
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Mountain Province Sees Drop in Quarterly Sales
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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...
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Mining
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Nov 05, 2020
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Rapaport News
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De Beers Lets Sightholders Defer Smaller Goods
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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...
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Rough Markets
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Nov 02, 2020
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Joshua Freedman
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Belgium Diamond Veteran Jacques Korn Dies
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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...
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Polished Markets
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Nov 02, 2020
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Rapaport News
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India Trade Lobbies for Lower Taxes
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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...
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Financial-Legal
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Nov 01, 2020
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Rapaport News
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Chaim Pluczenik Becomes AWDC President
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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...
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Polished Markets
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Oct 19, 2020
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Rapaport News
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Hong Kong Show Cancellation Hits Belgium Trade
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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...
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Polished Markets
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Oct 12, 2020
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Rapaport News
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Nishit Parikh Stepping Down as AWDC President
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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...
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Polished Markets
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Oct 01, 2020
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Rapaport News
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Alrosa Names New Belgium Chief
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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...
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Mining
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Sep 21, 2020
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Rapaport News
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HB Antwerp Aims to Shake Up Large-Stone Market
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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...
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Manufacturing
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Sep 17, 2020
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Joshua Freedman
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WFDB Elects Yoram Dvash as President
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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...
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Polished Markets
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Sep 15, 2020
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Rapaport News
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HB Antwerp Buys Sightholder’s Cutting Factory
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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...
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Manufacturing
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Sep 13, 2020
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Rapaport News
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Belgium Exports Rise as Demand Returns
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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...
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Polished Markets
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Sep 09, 2020
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Joshua Freedman
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Belgium Sees Trading Slump Ease
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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%...
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Polished Markets
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Aug 30, 2020
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Rapaport News
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GIA Considers Shutting Antwerp Lab
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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...
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Polished Markets
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Aug 30, 2020
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Rapaport News
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ABN Amro to Cease Hong Kong Diamond Lending
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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...
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Financial-Legal
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Aug 13, 2020
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Joshua Freedman
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