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Were Diamond Companies Worth the Investment?
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What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
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Research
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Jan 14, 2021
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Avi Krawitz
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Podcast: Human Rights, Diamonds and Covid-19
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The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
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Fair Trade
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Dec 10, 2020
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Avi Krawitz
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Botswana Ready to Leverage Its Diamond Supply
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The December edition of the Rapaport Research Report, published on Monday, presents an in-depth analysis of how Covid-19 has impacted Botswana’s diamond industry and, by extension, its economy. As the poster child for the diamonds-do-good story,...
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Rough Markets
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Dec 08, 2020
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Avi Krawitz
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De Beers Planning Return of Botswana Sights
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De Beers intends to reintroduce sights in Botswana in the first quarter of 2021, enabling a more efficient sales process following months of viewings in scattered locations.The miner plans to offer sightholders the flexibility to attend sales in Gaborone or continue inspecting...
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Rough Markets
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Dec 06, 2020
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Joshua Freedman, Avi Krawitz
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Okavango Diamond Chief Resigns
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Marcus ter Haar stepped down last week as managing director of Okavango Diamond Company (ODC), the Botswana parastatal confirmed with Rapaport News. Ter Haar joined ODC as deputy managing director when the company...
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Rough Markets
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Nov 26, 2020
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Avi Krawitz
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A Chance to Rebuild the Diamond Industry
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The economic challenges resulting from Covid-19 have forced companies and industries at large to reassess their value propositions. Along with the tremendous health concerns, the coronavirus has also brought unprecedented disruption to the...
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Polished Markets
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Nov 10, 2020
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Avi Krawitz
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Trade Must Continue Transformation, Dvash Urges
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The week of September 14 was as momentous as they come for Yoram Dvash. The 56-year-old head of the Israel Diamond Exchange was elected president of the World Federation of Diamond Bourses (WFDB), having served as its interim...
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Polished Markets
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Oct 26, 2020
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Avi Krawitz
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Preparing for a Holiday Season Like No Other
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Rapaport’s quarterly Diamond Trends Webinar outlined the key developments the trade should look out for during the holiday season and 2021.The webinar, presented last week by Rapaport Senior Analyst Avi Krawitz,...
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Polished Markets
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Oct 26, 2020
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Rapaport News
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The Importance of Being Tiffany
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There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best...
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Retail
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Oct 12, 2020
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Avi Krawitz
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In Search of a Plan at the World Diamond Congress
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The Zoom meetings that constituted September’s World Diamond Congress lacked the event’s trademark pizzazz. The biennial conference, which combines the meetings of the World Federation of Diamond Bourses (WFDB) and the International...
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Polished Markets
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Oct 05, 2020
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Avi Krawitz
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A Crucial Moment for Artisanal Miners
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The question of how to tackle the hardships facing informal diamond miners is as pressing today as it was when it first arose nearly 20 years ago.It was first touted as an issue that perhaps the Kimberley Process (KP) could...
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Fair Trade
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Aug 10, 2020
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Avi Krawitz
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De Beers Turns to Tech as Layoffs Loom
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De Beers is no stranger to changing strategy. Throughout its 130-plus-year history, the company has often adjusted its approach, sometimes with just a few tweaks, and on other occasions with radical consequences for the diamond market....
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Rough Markets
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Aug 03, 2020
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Avi Krawitz
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Can the Diamond Industry Deal with Covid-19?
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The coronavirus pandemic had a significant impact on the diamond supply chain in the first half of 2020, with businesses unable to operate and demand slumping. As retail sales dropped, jewelers had enough inventory to satisfy demand....
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Polished Markets
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Jul 27, 2020
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Avi Krawitz
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Petra’s Tough Sales Pitch
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The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry, highlighting the lack of readiness for such a downturn.As an important mid-tier diamond miner, the company has annual...
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Mining
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Jul 16, 2020
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Avi Krawitz
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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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