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Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
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...
Polished Markets Oct 22, 2020 Rapaport News
Audrey Hepburn
The Importance of Being Tiffany
There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best...
Retail Oct 12, 2020 Avi Krawitz
Rough and Polished
Polished Prices Firm Ahead of Holiday Season
RAPAPORT PRESS RELEASE, October 6, 2020, Las Vegas… Diamond market sentiment improved in September as jewelers started to prepare for the fourth-quarter holiday season. Optimism was tempered by a continued rise in global Covid-19 cases and renewed...
Polished Markets Oct 06, 2020 Rapaport
Polished Diamonds & Tweezer
Rising Polished Prices Boost Sentiment
RAPAPORT PRESS RELEASE, September 1, 2020, Las Vegas… Diamond markets improved in August as governments eased Covid-19 restrictions and dealers sought to fill specific orders from jewelers. Indian manufacturers increased polished production to fill shortages...
Polished Markets Sep 01, 2020 Rapaport
De Beers rough
De Beers Cuts Prices at August Sight
De Beers has reduced prices of rough larger than 1 carat ahead of next week’s sight amid a gradual improvement in demand and shortages in certain categories, sources said. The reductions are around 6% to 8%, according to sightholders and...
Rough Markets Aug 20, 2020 Joshua Freedman
Rapaport Logo
Dubai and Israel Open Markets
RAPAPORT PRESS RELEASE, August 18, 2020, New York… The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are...
Polished Markets Aug 20, 2020 Rapaport
SK lab grown diamonds
SK Jewellery Sees Profit Slump
Singapore-based SK Jewellery Group reported a sharp drop in earnings during the first half of 2020 as store closures and other restrictions implemented during the coronavirus pandemic impacted sales. Net profit fell 81% to SGD 514,000...
Retail Aug 18, 2020 Rapaport News
IGI Collection
Podcast: Rise in Grading Activity Signals Recovery
The numberof jewelry pieces being sent to the International Gemological Institute (IGI) forgrading and authentication continues to increase, indicating a faster-than-expected revival among jewelers, according to CEO Roland Lorie.“I think that the problems come...
Polished Markets Aug 17, 2020 Rapaport News
De Beers Rough
Reduced Diamond Supply Lifts Polished Prices
RAPAPORT PRESS RELEASE, August 4, 2020, Las Vegas… Polished diamond prices firmed in July due to supply shortages for select categories. Sentiment remained weak and trading levels low amid new Covid-19 restrictions.The RapNet...
Polished Markets Aug 04, 2020 Rapaport
De Beers Sight Box
Challenges Persist as De Beers Sees Red
De Beers suffered heavy losses in the first half of the year due to Covid-19, and cautioned that substantial challenges would remain for the diamond market.The diamond miner fell into the red for the...
Rough Markets Jul 30, 2020 Rapaport News
Alrosa rough
Can the Diamond Industry Deal with Covid-19?
The coronavirus pandemic had a significant impact on the diamond supply chain in the first half of 2020, with businesses unable to operate and demand slumping. As retail sales dropped, jewelers had enough inventory to satisfy demand....
Polished Markets Jul 27, 2020 Avi Krawitz
Petra Mines
Petra’s Tough Sales Pitch
The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry, highlighting the lack of readiness for such a downturn.As an important mid-tier diamond miner, the company has annual...
Mining Jul 16, 2020 Avi Krawitz
Diamond in Loupe
Diamond Price Index Firms Amid Slow Trade
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...
Polished Markets Jul 07, 2020 Rapaport
Chow Tai Fook Montage
Chow Tai Fook Expanding China Store Count
Pandemic or not, Chow Tai Fook has no intention of slowing its expansion into China, with plans to open approximately 450 stores on the mainland during the current fiscal year, managing director Kent Wong told...
Retail Jun 29, 2020 Avi Krawitz
Lucara Podcast
Eira Thomas Confident Lucara Can Navigate Crisis
The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs...
Mining Jun 22, 2020 Avi Krawitz
Price List
Important Notice Regarding the Rapaport Price List
Dear Subscribers,After careful consideration we are returning to our policy of publishing the Rapaport Price List on a weekly basis. The diamond markets are returning to activity and it is important that we have the flexibility to change our benchmark...
Polished Markets Jun 11, 2020 Rapaport
Martin Rapaport
Rapaport’s ‘State of the Diamond Industry’ Address
Martin Rapaport stressed the importance of strong customer relationships during his annual “State of the Diamond Industry” presentation.Speaking via a webinar due to the coronavirus pandemic, Rapaport noted that the rise of online sales brought...
Polished Markets Jun 08, 2020 Rapaport
Martin Rapaport
Rapaport to Present ‘State of the Diamond Industry’
The annual Rapaport Breakfast this Thursday will explore what’s next for the diamond industry as it navigates the economic crisis resulting from the Covid-19 pandemic. “This will be one of the most important presentations...
Polished Markets Jun 02, 2020 Rapaport News
Polished diamonds
Diamond Markets Return Cautiously
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...
Polished Markets Jun 02, 2020 Rapaport
Podcast Banner episode 26
Podcast: Time for Subtle, Discreet Brand Marketing
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...
Marketing Jun 01, 2020 Rapaport News
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