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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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Webinar: The Way Forward in a Slow Market
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What’s the current state of the rough, polished and retail markets?Avi Krawitz, Rapaport’s Senior Analyst and News Editor, analyzes the key trendsin this hour-long webinar. Click here for more.
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Polished Markets
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Apr 18, 2019
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Avi Krawitz
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Video Blog: Insights from AGS Conclave
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Watch the third installment of our video blog from the American Gem Society’s annual Conclave in Seattle, Washington. Avi Krawitz, Rapaport News Editor andSenior Analyst, discusses what’s unique about the event, and...
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Polished Markets
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Apr 11, 2019
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Avi Krawitz
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Why Rough-Diamond Prices Must Drop
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Rough-diamond prices are too high, and reducing them is a must.Not only is such a move necessary to ensure profitability formanufacturers, it would also raise market sentiment, which has beenuncharacteristically weak for a first quarter.In the long...
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Mining
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Apr 10, 2019
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Avi Krawitz
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Time for the Trade to Reengage with Bridal
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There’s a caveat that Stephen Lussier emphasizes when marketing diamonds to millennials as a symbol of love. The industry needs to recognize that love may not entail the formality of marriage, the De Beers head of marketing stressed in an interview...
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Marketing
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Mar 13, 2019
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Avi Krawitz
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Synthetics: A Special Report from Rapaport
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The Rapaport Group has published a special report delvinginto the key issues around lab-grown diamonds.The supplement, “The Fight’s Getting Real,” contains highlights from the February 2019 issue of Rapaport Magazine, featuring an analysis...
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Polished Markets
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Feb 28, 2019
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Rapaport
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Synthetics: The Meat of the Matter
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In a bold and somewhat savvy move back in January 2018, Tyson Foods, one of the largest food-processing companies in the US, took a minority stake in Memphis Meats, a startup in the budding cultured-meat industry. Despite the deal’s...
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Polished Markets
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Feb 21, 2019
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Avi Krawitz
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