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De Beers Sales Rise to Nine-Month High
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De Beers’ January rough-diamond sales reached their highest level since last April as post-holiday stock replenishment boosted demand.Proceeds of $545 million at the first sales cycle of 2020 were 9% higher than a year ago, the miner...
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Rough Markets
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Jan 29, 2020
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Rapaport News
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De Beers Sales Volume Down in 2019
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De Beers’ sales fell 8% by volume last year amid a slowdown in the rough-diamond market and weak demand from the manufacturing sector.The miner sold 30.9 million carats of rough, compared with 33.7 million carats in 2018,...
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Mining
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Jan 26, 2020
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Rapaport News
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De Beers Plans Overhaul of Supply Policy
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De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.The move, which would go into effect from 2021, would...
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Rough Markets
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Jan 23, 2020
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Joshua Freedman
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Podcast Episode 21: Googling Billy Porter
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The Rapaport Diamond Podcast ushers in the new year with a review of the holiday season and some bold predictions for 2020. Is this the year of retail refurbishment? Will rough buying become more demand-driven?...
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Polished Markets
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Jan 14, 2020
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Rapaport News
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WD Sues Diamond Growers over CVD Patents
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The companies behind WD Lab Grown Diamonds have filed three lawsuits against competitors, accusing them of infringing patents for diamond synthesis and treatment. The Carnegie Institution of Washington, a science organization, and M7D Corporation,...
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Financial-Legal
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Jan 12, 2020
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Rapaport News
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Forevermark Unveils First Interactive Shop in China
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De Beers has launched an immersive concept store for its Forevermark jewelry brand in China. The boutique, the first of its kind for the brand, is located in jewelry department store Caibai in Beijing, De Beers said last...
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Retail
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Jan 12, 2020
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Rapaport News
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Diamond Prices Stable After Year of Declines
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RAPAPORT PRESS RELEASE (Revised), January 7, 2020, Las Vegas… Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized and improved for sizes under 1 carat, supported...
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Polished Markets
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Jan 07, 2020
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Rapaport
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De Beers, Dominion Seek Canada Expansion
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De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada’s Mackenzie Valley Land and Water Board, De Beers noted interest...
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Mining
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Jan 06, 2020
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Rapaport News
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The 10 Most Read Stories of 2019
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There’s a running joke here at Rapaport News that if we just put “GIA,” “De Beers” and “synthetics” into a headline in a random order and added a few filler words, it would automatically get the diamond industry clicking...
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Polished Markets
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Dec 31, 2019
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Joshua Freedman
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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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New Pipe Proves Fruitful for Mountain Province
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Mountain Province recovered more than 5,000 micro-diamondsfrom Gahcho Kué’s new Wilson pipe during its initial drilling program. The Canadian miner retrieved 1.7 tonnes of kimberlite fromtwo drill holes at the site, it said...
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Mining
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Dec 24, 2019
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Rapaport News
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De Beers Issues Synthetics Guidelines
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De Beers has provided its rough-diamond clients andForevermark partners with guidelines on how to operate in the lab-grown market if they wish to continue tapping into its branding.The mining company, which in 2018 forayed intogem-quality synthetics with...
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Financial-Legal
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Dec 18, 2019
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Joshua Freedman
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Profit Margins Improve at $425M De Beers Sale
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De Beers’ rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish...
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Rough Markets
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Dec 18, 2019
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Joshua Freedman
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De Beers Rough Prices Decline 5% in 2019
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A drop in rough-diamond prices and a sales shift tolower-value items weighed on De Beers’ profitability in the second half,according to executives at parent company Anglo American. The miner’s rough-price index fell around 5% year onyear for the first...
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Mining
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Dec 16, 2019
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Rapaport News
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Podcast: What’s in Store for the Holidays
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With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
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Retail
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Dec 12, 2019
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Rapaport News
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De Beers Lowers 2020 Production Forecast
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De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
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Mining
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Dec 11, 2019
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Rapaport News
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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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Christie’s Garners $7M at Paris Auction
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Christie’s brought in $6.9 million from its Fine Jewels salein Paris, with a fancy orangey-pink diamond ring fetching more than eight timesits high estimate. The old-cut, 6.32-carat, type IIa, VS2-clarity diamond wasthe...
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Polished Markets
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Dec 08, 2019
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Rapaport News
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De Beers Ends Special Supply Measures
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Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
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Rough Markets
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Dec 05, 2019
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Joshua Freedman
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Diamond Market More Optimistic
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RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
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Polished Markets
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Dec 03, 2019
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Rapaport
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