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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 Aug 05, 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
Rapaport TradeWire May 21, 2020
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Research May 21, 2020 Rapaport
Staying Relevant in the Coronavirus Era
Staying Relevant in the Coronavirus Era
During lockdown, there comes a time when one simply doesn’t want to be told anymore that we’re in this together — “even though we may be apart.”While plunging further down that YouTube rabbit hole, as we all often have...
Marketing May 14, 2020 Avi Krawitz
Podcast: Is the Diamond Trade Prepared for Change?
Is the Diamond Trade Prepared for Change?
As diamond markets start to return, the Rapaport News team discusses prospects for the industry in the latest episode of the Rapaport Diamond Podcast. We discuss the extent to which things have fundamentally changed in the past...
Polished Markets May 14, 2020 Rapaport News
Lightbox Oregon Plant
Lightbox Delays New Production Plant to 2021
Lightbox, De Beers’ lab-grown diamond jewelry brand, has delayed commissioning its new facility in Portland, Oregon, by a few months due to the COVID-19 pandemic.“The building itself and plant infrastructure [are] already complete, and we are...
Manufacturing May 07, 2020 Avi Krawitz
RaoNet Logo
RapNet and Thinkspace Alliance to Provide Website Solutions for Online Jewelry Stores
RAPNET PRESS RELEASE, May 6, 2020, Las Vegas… RapNet, the world’s largest marketplace for diamonds and jewelry, is partnering with web technology company Thinkspace to provide cost-effective website solutions for jewelry retailers.The new...
Retail May 06, 2020 Rapaport
Polished Diamonds
Diamond Markets Reflect Uncertain Outlook
RAPAPORT PRESS RELEASE, May 5, 2020, Las Vegas… Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The...
Polished Markets May 05, 2020 Rapaport
Diamond Show - Rapaport Polished Diamonds 150
Guide to the Rapaport TradeSheet
The Rapaport TradeSheet provides Rapaport Discount Prices with percentage discounts in relation to the Rapaport Price List. The discount prices reflect our opinion of prices at which natural diamonds meeting Rapaport Specification A3 are available...
Polished Markets Apr 30, 2020 Rapaport
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