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IMF Urges Zimbabwe to Boost Transparency in the Diamond Sector
The International Monetary Fund (IMF) stated that Zimbabwe remains committed to implementing the policies and reforms that were agreed to with an IMF-monitored program and to stay engaged with international financial institutions. The program...
Research Jun 24, 2014 Jeff Miller
De Beers Rough
Rough Economies
Two trends have emerged at the start of the second quarter that will likely influence ‎diamond trading for the remainder of 2012. One, rough prices have increased while the ‎polished market continues to tread...
Rough Markets Apr 20, 2012 Avi Krawitz
Rapaport TradeWire July 9, 2010
RAPAPORT NEWS SERVICE | JULY 9, 2010 www.rapaport.com | news@rapaport.com...
Mining Jul 08, 2010 Rapaport
Move to Safe Havens
Diamond demand, along with prices, was climbing briskly when the debt crisis in Greece threw the world’s financial markets into a spin. The sense of devastating doom and gloom was soon dispelled as the European Union (EU) and International Monetary Fund (IMF) offered Greece...
Polished Markets Jun 06, 2010 Gaston D’Aquino
Lagging Behind
What a difference a month makes! In the May edition of Rapaport Diamond Report, we described the optimism in the diamond industry being spurred by the chasing bull running down Wall Street. With the Dow Jones Industrial Average (DJIA) at 11,000 and oil prices touching $87 a barrel, we argued...
Research Jun 03, 2010 Avi Krawitz
A Fragile Recovery
A heavy gray cloud has hovered over Europe in the past week, culminating in the worst possible scenario. Rather than volcanic ash being spewed from Iceland across the continent’s skies, this time, the ashes stem from the streets of Athens and are spreading through...
Research May 06, 2010 Avi Krawitz
New U.S. Bill Proposes Zim's Suspension From KP
U.S. Senators Russell Feingold, Johnny Isakson and John Kerry introduced the Zimbabwe Transition to Democracy and Economic Recovery Act, which is designed to update the current U.S. policy on Zimbabwe and its diamond trade. The bill, if passed, would amend the Zimbabwe Democracy and Economic...
Financial-Legal May 05, 2010 Jeff Miller
ALROSA Pledges $300 Million in Rough to Israel
ALROSA agreed to supply $300 million worth of rough diamonds per year to Israel’s manufacturing sector, according to Israel’s Ministry of Industry, Trade and Labor. Benjamin Ben-Eliezer, the minister of this department, requested a direct supply of rough to Ramat Gan during a business delegation held in Russia. Representatives of the government-owned...
Mining Apr 01, 2010 Rapaport
IMF Program Tackles Africa's Illicit Diamond Trade
The International Monetary Fund (IMF) launched a project to help 16 African countries combat money laundering, as well as the utilization of their gold and diamond industries to fund terrorism. “In the last few years, a number of reports have raised concerns about the existence of links between the trade...
Mining Mar 16, 2010 Avi Krawitz
Botswana Pushes Creation of Diamond-Trading Market
As the keynote speaker at the World Federation of Diamond Bourses (WFDB) meeting in Antwerp in November, Dr. Akolang Tombale pulled no punches about his country’s ambitions within the diamond industry. Botswana, after all, is the world’s largest diamond producer by value and remains heavily dependent on the industry....
Mining Nov 30, 2009 Avi Krawitz
Gold Again Surpasses Record, Reaching $1,100 an Oz.
Gold set a new record Wednesday, hitting an intraday high of $1,099 an ounce in trading after surging past its previous record high of $1,081 an ounce, which was set Tuesday. Gold held at a level that was 7 percent higher than one month ago and 43 percent higher than one year ago. Meawhile, the dollar remained...
Polished Markets Nov 04, 2009 Jeff Miller
Rapaport TradeWire - Friday, June 26, 2009
Rapaport TradeWire - Friday, June 26, 2009 News: Hong Kong show better than expected with decent demand from Far East and India. Strong focus on cash transactions at deep discounts. Three carat and larger sizes very weak. Indian manufacturers holding rough stock in anticipation...
Mining Jun 26, 2009 Rapaport
IMF Approves $19M in Funds for Sierra Leone as Gov't Revenues Drop
The executive board of the International Monetary Fund (IMF) approved $18.8 million in funds for Sierra Leone under its Poverty Reduction and Growth Facility (PRGF) arrangement with the country. The total disbursement of funds since the arrangement began in May 2006 has been about...
Research Jun 25, 2009 Jeff Miller
Rapaport TradeWire - Friday, February 06, 2009
Rapaport TradeWire - Friday, February 06, 2009News: Trading moving to cash buyers at highly discounted prices as liquidity and credit concerns dominate cutting centers. Dealer sentiment improving slightly as better goods up to two caraters begin to move. Very large stones very weak. U.S. big box retail sales...
Mining Feb 06, 2009 Rapaport
Gold -9%: Nov. Layoffs Top 500K, Israel Declines to List Stats
Gold is holding up relatively well, considering the fact that demand and prices for other commodities have fallen off a cliff since mid-year as speculators pull out and lick their financial wounds. On the week, gold is down 8.6 percent to $743.10/oz. at noon in New York; compared with this date...
Retail Dec 05, 2008 Jeff Miller
Rosy Blue's Dilip Mehta: Where Do We Go From Here?
The following letter was sent to diamond industry professionals by Dilip Mehta, CEO of Rosy Blue. Dear friends, staff and fellow stakeholders within our industry, In the present global financial crisis, each of us is naturally concerned about the effects it may have on our diamond niche. Although this...
Rough Markets Nov 12, 2008 Dilip Mehta
India Market Report: Adapting to Crisis
As the global economic crisis deepens, Israeli diamantaires have assumed an adapt-or-die attitude as they seek ways to minimize the impact of a slow market. “Unless we take a proactive approach and emphasize the value in diamonds, it will be very difficult to move against the general economic trend and pessimistic mood,”...
Mining Nov 01, 2008 Avi Krawitz
Consumer Confidence Falls to All-Time Low
The Conference Board Consumer Confidence Index™ fell to an all-time low in October. The index now stands at 38, down sharply from 61.4 in September, which had been a slight gain over August. The Present Situation Index decreased to 41.9 from 61.1 during September and the Expectations...
Polished Markets Nov 01, 2008 Rapaport News
Gardner to Address Antimoney-Laundering Response
Cecilia Gardner, President, CEO and general counsel of the Jewelers Vigilance Committee (JVC), will present an overview, to the World Bank on October 30, of the U.S. jewelry industry’s response to government regulations that require the industry to develop and execute antimoney-laundering programs. Gardner is a Certified Antimoney-Laundering Specialist. This...
Retail Oct 27, 2008 Jeff Miller
IMF Sees U.S. Economic Growth Falling Flat in 2009
The International Monetary Fund (IMF) predicted the United States would become the epicenter of the world's financial meltdown as the group further lowered expectations for world economic growth in 2009. The IMF predicted that the economy in the United States, which grew 2 percent in 2007, would...
Retail Oct 08, 2008 Jeff Miller
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