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Chow Tai Fook Expanding China Store Count
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Pandemic or not, Chow Tai Fook has no intention of slowing its expansion into China, with plans to open approximately 450 stores on the mainland during the current fiscal year, managing director Kent Wong told...
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Retail
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Jun 29, 2020
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Avi Krawitz
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Eira Thomas Confident Lucara Can Navigate Crisis
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The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs...
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Mining
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Jun 22, 2020
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Avi Krawitz
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Where Do We Go from Here?
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The coronavirus pandemic has impacted every part of the diamond supply chain. As markets reopen with the virus still lingering, there is a consensus that a new normal has been established, even as it continues to evolve. The...
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Polished Markets
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Jun 21, 2020
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Avi Krawitz
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Podcast: Time for Subtle, Discreet Brand Marketing
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As difficult as the Covid-19 lockdown period has been, Sally Morrison, director of public relations at De Beers’ consumer and brands division, sees opportunity for the diamond industry moving forward. In the first episode of the Rapaport...
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Marketing
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Jun 01, 2020
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Rapaport News
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A Time to Heal
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The Covid-19 crisis is presenting an opportunity for the market to restart, refresh, and build on its experience of dealing with the diamond-trade slowdown of the past few years. In these unprecedented times, it would be foolish to make predictions...
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Polished Markets
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May 27, 2020
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Avi Krawitz
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Staying Relevant in the Coronavirus Era
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During lockdown, there comes a time when one simply doesn’t want to be told anymore that we’re in this together — “even though we may be apart.”While plunging further down that YouTube rabbit hole, as we all often have...
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Marketing
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May 14, 2020
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Avi Krawitz
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Lightbox Delays New Production Plant to 2021
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Lightbox, De Beers’ lab-grown diamond jewelry brand, has delayed commissioning its new facility in Portland, Oregon, by a few months due to the COVID-19 pandemic.“The building itself and plant infrastructure [are] already complete, and we are...
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Manufacturing
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May 07, 2020
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Avi Krawitz
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Rough Market Faces Its Toughest Year Yet
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As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium...
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Rough Markets
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Apr 28, 2020
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Avi Krawitz
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An Opportunity to Strengthen Connections
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A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before...
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Polished Markets
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Apr 07, 2020
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Avi Krawitz
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WFDB to Fund Get Diamonds Trading Platform
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The World Federation of Diamond Bourses (WFDB) has adopted Get Diamonds as its official trading platform, the organization’s president Ernie Blom told Rapaport News. The WFDB’s executive committee agreed in a Zoom meeting on Sunday...
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Polished Markets
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Apr 06, 2020
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Avi Krawitz
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Sarine Ushers In Era of In-Factory Grading
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Sarine Technologies has launched a new platform enabling manufacturers to tap its automated grading systems and issue a report in-house to support the needs of jewelers.The company this week introduced its eGrading innovation via a video...
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Technology
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Mar 12, 2020
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Avi Krawitz
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Podcast: How Alrosa Is Using Data to Drive Sales
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It may surprise many, but the diamond industry has emerged as quite tech-savvy in the past few years, says Alexey Tikhonov, Alrosa’s head of projects for strategy and analytics.Rapaport Senior Analyst Avi Krawitz spoke...
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Rough Markets
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Mar 09, 2020
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Rapaport News
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André Messika Invests in Namibia Factory
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André Messika, a supplier of polished diamonds to the luxury jewelry market, has invested in a factory in Namibia, giving his company direct access to De Beers’ rough supply for the first time.The diamantaire has partnered with Schachter...
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Manufacturing
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Feb 06, 2020
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Avi Krawitz
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The Next Diamond Decade
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It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what...
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Polished Markets
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Dec 25, 2019
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Avi Krawitz
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ABN Amro Tightens Diamond Lending Terms
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ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.The midstream’s reliance on working capital...
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Rough Markets
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Dec 12, 2019
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Avi Krawitz
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Can Nanotechnology Save the Diamond Trade?
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It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
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Technology
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Dec 09, 2019
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Avi Krawitz
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Rapaport Sees Opportunity for Dealers Amid Turmoil
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In 2100,the diamond industry will look vastly different from its current makeup, MartinRapaport assured diamantaires at the recent Antwerp Rough Diamond Days event. Mostnotably, it will be less influenced by the mining companies as demand dynamicsincreasingly...
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Polished Markets
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Nov 26, 2019
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Avi Krawitz
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The Curious Case of Fluorescence
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The diamond industry has a complicated relationship with fluorescence.Historically, both the trade and consumers saw value in a diamond that fluoresced under ultraviolet light. The perception was that it added to the color of the diamond...
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Polished Markets
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Nov 26, 2019
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Avi Krawitz
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Synthetics vs. Natural: The Battle over Value
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In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the...
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Polished Markets
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Nov 13, 2019
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Avi Krawitz
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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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