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De Beers Lowers Global Diamond-Jewelry Estimate
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De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower...
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Retail
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Nov 04, 2019
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Avi Krawitz
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Rapaport Webinar to Outline 4Q Prospects
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The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain...
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Polished Markets
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Nov 04, 2019
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Rapaport News
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Diamond Manufacturers Must Brace for Automation
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Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different...
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Manufacturing
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Oct 31, 2019
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Avi Krawitz
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WFDB Prepares Master Plan to Boost Relevance
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There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
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Polished Markets
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Oct 07, 2019
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Avi Krawitz
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WDC Warns Against Smuggled CAR Diamonds
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The World Diamond Council (WDC) has cautioned the trade to be vigilant when buying diamonds from the Central African Republic (CAR) since most of the country’s rough is being smuggled across its borders.The Kimberley...
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Rough Markets
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Oct 02, 2019
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Avi Krawitz
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313ct. Diamond Emerges as World’s Largest D-Color
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Nemesis International on Thursday unveiled a 313-carat diamond that has been certified as the largest D-color polished stone in history. The emerald-shape, VVS-clarity diamond, known as Constellation 1, is one of eight stones that make up a collection manufactured from...
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Polished Markets
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Sep 26, 2019
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Avi Krawitz
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Tracr Aiming to Be More Than a Blockchain
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As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
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Polished Markets
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Sep 04, 2019
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Avi Krawitz
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Trade War Sparks Opportunity for Indian Jewelers
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India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
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Retail
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Aug 13, 2019
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Avi Krawitz
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Let’s Set Our Sights on the Auctions
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De Beers’ first-half earnings highlighted the many challenges facing the diamond trade. But beyond the sharp declines the mining company suffered, CEO Bruce Cleaver and chief financial officer Nimesh Patel were...
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Rough Markets
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Aug 07, 2019
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Avi Krawitz
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Will Gemologists Survive Automation?
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Amid the tech boom that is shaping the diamond industry, a growing number of companies are challenging the grading laboratories, arguing that assessing the 4Cs should not be a subjective science.“Five to 10 years from now, diamond...
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Technology
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Jul 10, 2019
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Avi Krawitz
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Stop Buying Rough
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The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade. This long-term challenge is reaching crisis levels, as manufacturers lack liquidity and...
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Rough Markets
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Jul 03, 2019
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Avi Krawitz
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RJC Ready to Target Consumers
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The Responsible Jewellery Council (RJC) is planning a strategy to help retailers assure consumers their jewelry has been ethically sourced and that they follow the required sustainability standards. The group, whose mandate is to set...
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Polished Markets
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Jun 27, 2019
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Avi Krawitz
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De Beers Cuts Prices as Rough Sales Slide
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De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
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Rough Markets
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Jun 25, 2019
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Avi Krawitz
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Podcast: Key Insights from the JCK Show
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Fresh off the boat from Las Vegas, and battling some serious jetlag, Rapaport news editor Avi Krawitz and publisher John Costello pick out their key takeaways and favorite moments from...
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Polished Markets
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Jun 13, 2019
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Rapaport News
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Was Vegas Worth the Gamble?
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As rain fell for about five minutes on the typically sunbaked Las Vegas strip on the opening day of the JCK show, one couldn’t help but sense things might be a bit different this year. Was...
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Polished Markets
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Jun 13, 2019
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Avi Krawitz
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The Drive to Lift the Artisanal Stigma
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The community of Fandehun is not used to pomp and ceremony.The modest village in the heart of Sierra Leone’s Kono District has beensustained by diamond mining for over 50 years but lacks the basics many takefor granted...
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Mining
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Jun 12, 2019
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Avi Krawitz
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Podcast: Lightbox – the Synthetics King?
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On the first anniversary since the launch of Lightbox,Rapaport’s Avi Krawitz sat with managing director Steve Coe at the JCK show inLas Vegas. Coe gives his perspective of the industry’s response toLightbox, some insight...
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Retail
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Jun 05, 2019
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Avi Krawitz
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Video: Vegas Show Sees Light Traffic
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The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year’s event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading...
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Polished Markets
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Jun 04, 2019
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Avi Krawitz
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Challenges Linger as Las Vegas Shows Begin
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The JCK Las Vegas show opened to steady traffic on Friday, as exhibitors expressed concern about declining polished prices and the growth of lab-grown diamonds. Botswana President Mokgweetsi Masisi opened the show, stressing the...
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Polished Markets
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May 31, 2019
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Avi Krawitz
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Swarovski Plans Move into Natural Diamonds
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Swarovski, the Austrian jeweler famous for its cut-glass crystals, is preparing to launch its natural diamond operations, Nadja Swarovski, head of corporate communications and design services, said in a panel discussion at the JCK Las Vegas...
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Polished Markets
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May 31, 2019
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Avi Krawitz
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