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Coronavirus Updates: Impact on the Diamond Trade
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The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
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Polished Markets
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Jan 19, 2021
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Rapaport News
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De Beers and Alrosa Raise Rough Prices
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The two largest diamond miners increased prices at this week’s rough sales as demand improved due to post-holiday restocking and strong trading ahead of the Chinese New Year.De Beers raised prices by an average of 4% to 5% at its first...
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Rough Markets
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Jan 18, 2021
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Joshua Freedman
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De Beers Cuts Clients, Keeps More Goods in Africa
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De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers...
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Rough Markets
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Jan 17, 2021
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Joshua Freedman
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Mountain Province Output Slides in 2020
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Mountain Province’s share of production at the Gahcho Kué mine fell 4% to 3.2 million carats in 2020 as the company struggled with coronavirus-related restrictions to its operations.Total output for the mine fell 4% to 6.5 million carats for...
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Mining
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Jan 14, 2021
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Rapaport News
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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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Antwerp, Dubai Upbeat on Rough-Tender Market
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The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
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Rough Markets
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Jan 12, 2021
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Rapaport News
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The Most Buzzworthy Diamonds of 2020
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Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
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Polished Markets
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Dec 30, 2020
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Leah Meirovich
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Top Miners Release Dates of 2021 Rough Sales
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De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.De Beers will continue its format of holding 10 sights...
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Rough Markets
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Dec 28, 2020
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Rapaport News
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Robust Rough Market Boosts Mountain Province
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Mountain Province reported strong sales during the fourth quarter, noting that rough prices surpassed pre-Covid-19 levels in most categories.Revenue for the final three months of the year reached $61.7 million, the Canada-based...
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Rough Markets
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Dec 17, 2020
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Rapaport News
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De Beers Sales Increase Again
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De Beers’ rough sales rose in December, albeit at a slower rate than in previous months, as steady retail demand ahead of the holidays supported trading at the rough and polished levels.The final sales cycle of the year brought...
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Rough Markets
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Dec 17, 2020
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Rapaport News
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De Beers Raises Prices at December Sight
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De Beers lifted prices of select goods at last week’s sight, reflecting strong rough trading and improving demand in the corresponding polished categories, industry insiders told Rapaport News.Prices climbed by 1% to 2% for 0.75-carat rough goods and...
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Rough Markets
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Dec 14, 2020
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Joshua Freedman
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De Beers Trims Production Plan for Coming Years
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De Beers has reduced its production plan for the next two years, aiming to avoid releasing too much rough into the market as the diamond sector attempts to exit the crisis that dominated 2020.The...
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Mining
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Dec 13, 2020
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Rapaport News
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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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De Beers Collaboration Rethinks Engagement Rings
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De Beers has launched a jewelry partnership with Blue Nile that challenges 10 designers to reimagine the traditional engagement ring.The Ten/Ten program will feature a provenance-based collection of 100 rings using ethically sourced diamonds from De Beers’...
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Polished Markets
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Dec 06, 2020
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Rapaport News
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Holiday Demand Uplifts Diamond Trade
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RAPAPORT PRESS RELEASE, December 1, 2020, Las Vegas… Diamond market sentiment improved in November amid rising expectations for the holiday season. A recovery in China and robust sales during India’s Diwali festival also lifted...
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Polished Markets
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Dec 01, 2020
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Rapaport
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De Beers Aims for Full Traceability by 2030
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De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
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Retail
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Nov 30, 2020
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Rapaport News
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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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De Beers Buys Petra Blue Diamonds for $40M
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De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.The miner bought the Letlapa Tala collection together with South African...
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Mining
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Nov 25, 2020
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Rapaport News
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