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GemFair to Launch Training Program in West Africa
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GemFair, De Beers’ program for the artisanal sector, has partnered with two organizations on a training project to enhance mining practices in West Africa.It has signed a memorandum of understanding with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit...
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Mining
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Jul 13, 2020
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Rapaport News
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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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Jul 13, 2020
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Rapaport News
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Alrosa Delays July Sale to Later in Month
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Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
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Rough Markets
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Jul 09, 2020
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Rapaport News
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Industry Leaders to Offer Insights in Virtual Session
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Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
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Polished Markets
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Jul 08, 2020
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Rapaport News
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Survey: Shoppers Prefer to Buy Jewelry In-Store
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US consumers still favor purchasing diamond jewelry in a brick-and-mortar shop, but want store owners to provide proper safety measures against the coronavirus, according to a De Beers survey.“While consumers increasingly desire a diamond-acquisition journey that blends the...
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Retail
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Jul 07, 2020
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Rapaport News
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Diamond Price Index Firms Amid Slow Trade
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RAPAPORT PRESS RELEASE, July 7, 2020, Las Vegas… The global diamond market was uncertain in June due to the resurgence of Covid-19 and geopolitical tensions. Polished prices firmed for select goods. The RapNet Diamond...
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Polished Markets
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Jul 07, 2020
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Rapaport
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Buyers Snub De Beers and Alrosa over High Prices
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De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
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Rough Markets
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Jun 29, 2020
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Joshua Freedman
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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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Mountain Province Cuts 2020 Production Forecast
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Mountain Province has reduced its production outlook for the year amid the challenges posed by the coronavirus pandemic and its impact on operations.The miner now expects to produce between 6.3 million and 6.4...
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Mining
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Jun 21, 2020
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Rapaport News
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De Beers Sight Opens with Viewings in Antwerp
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De Beers has been holding sight viewings in Antwerp this week as part of its move to offer goods in locations other than Botswana due to the coronavirus.The company might also enable customers to view rough in Hong Kong...
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Rough Markets
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Jun 17, 2020
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Joshua Freedman
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Growing Up with Gen Z
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Despite all the nights of lost sleep over whether millennials will still want to buy diamond jewelry, it turns out this group is not so dissimilar to previous generations. Generation Z, though — now aging into relevance — is a different...
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Polished Markets
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Jun 16, 2020
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Rachael Taylor
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Consumers Seeking ‘Meaningful’ Gifts – De Beers
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More than half of US consumers think holiday gifts this year should be meaningful, and see diamonds as the top representation of that notion, according to a survey by De Beers.Some 56% of both men and women believed a meaningful gift...
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Polished Markets
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Jun 11, 2020
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Rapaport News
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WDC Elects Feriel Zerouki as President from 2022
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De Beers executive Feriel Zerouki will succeed Edward Asscher as president of the World Diamond Council (WDC) in 2022, the organization said Monday.Zerouki, De Beers’ senior vice president of international relations and ethical initiatives, will become...
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Polished Markets
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Jun 08, 2020
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Rapaport News
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De Beers Offering Sight Goods Outside Botswana
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De Beers will hold viewings of sight goods in locations other than Botswana, enabling customers to access the company’s rough amid travel restrictions.The miner will introduce the provision in “relevant diamond centers” for the upcoming...
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Rough Markets
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Jun 02, 2020
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Joshua Freedman
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Diamond Markets Return Cautiously
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RAPAPORT PRESS RELEASE, June 2, 2020, Las Vegas… Diamond trading is starting to regain traction in Hong Kong with some demand from China. Hong Kong is mostly open for business, but concerns are mounting about...
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Polished Markets
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Jun 02, 2020
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Rapaport
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DPA Relaunches as the Natural Diamond Council
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The Diamond Producers Association (DPA) has unveiled a new name and strategy it hopes will resonate with younger consumers and position it as a leading digital publisher of information about diamonds.The category-marketing organization is now the Natural...
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Marketing
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Jun 01, 2020
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Rapaport News
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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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Forevermark Optimistic About Market Recovery
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Sales at Forevermark’s stores in China have recovered strongly since the peak of Covid-19, with customers returning quicker than expected, the De Beers-owned retail brand reported.“While much of our world and business is in flux right now,...
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Retail
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May 27, 2020
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Rapaport News
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RJC Elects New Board Members
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The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior...
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Polished Markets
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May 24, 2020
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Rapaport News
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DPA to Rebrand, Abandon ‘Real Is Rare’
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The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.Starting June 1, the marketing group will unveil a fresh...
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Marketing
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May 19, 2020
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Joshua Freedman
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