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Rapaport Weekly Market Comment
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Polished trading driven by last-minute US holiday ordersand preparations for Chinese New Year. Multi-channel marketing andpersonalization are key themes for retail this season. Consumers shifting tolower price points. Diamantaires satisfied with Dec....
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Polished Markets
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Dec 12, 2019
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Rapaport News
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India: Manufacturers Cautiously Raising Production
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Sluggish polishedtrading, with buyers struggling to find the right goods due to scarcity of popularcategories. Manufacturers cautiously raising production levels. Factories stilloperating below capacity with large inventories of lower-quality diamonds that aredifficult to sell at a profit....
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Research
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Dec 12, 2019
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Rapaport News
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Research
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Dec 12, 2019
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Rapaport
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Research
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Dec 12, 2019
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Rapaport
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Podcast: Trends Shaping the Industry
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With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
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Retail
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Dec 12, 2019
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Rapaport News
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Petra’s South African Operations Back on Track
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Operations at Petra Diamonds’ South African mines haveresumed after the local electricity provider lifted restrictions on power usage. “The company’s mining operations in South Africa are…nowoperating at normal load levels,” the miner said Thursday....
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Mining
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Dec 12, 2019
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Rapaport News
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Royal Asscher Names New Japan Chief
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Royal Asscher has appointed Kenji Saikachi as CEO of RoyalAsscher Japan, where he will be responsible for leading the jeweler’s growth inthe country. “We are confident that [Saikachi] will successfully leadRoyal Asscher to become an even...
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Retail
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Dec 12, 2019
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Rapaport News
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Pressure on Diamond Midstream to Increase
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Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly...
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Polished Markets
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Dec 12, 2019
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Joshua Freedman
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Sotheby’s Brings In $43M at New York Sales
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Sotheby’s garnered $43.1 million from its two New Yorkjewels auctions, led by a blue diamond ring which sold for $6.6 million. The cushion-cut, 7.55-carat, fancy-deep-grayish-blue, typeIIb, SI2-clarity Indian Blue had been estimated...
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Polished Markets
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Dec 12, 2019
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Rapaport News
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Ruby Brooch Smashes Estimate at Christie’s
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A ruby brooch sold for nearly $9 million at Christie’s NewYork sale Wednesday, far surpassing its $5.5 million high valuation. The piece, which comprises a total of 11.20 carats ofBurmese rubies, emeralds, diamonds and natural...
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Polished Markets
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Dec 12, 2019
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Rapaport News
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ABN Amro Tightens Diamond Lending Terms
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ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.The midstream’s reliance on working capital...
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Rough Markets
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Dec 12, 2019
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Avi Krawitz
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De Beers Lowers 2020 Production Forecast
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De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
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Mining
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Dec 11, 2019
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Rapaport News
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Phillips New York Auction Nets $5.4M
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A blue diamond ring by Tiffany & Co. was the top sellerat Phillips’ New York sale, leading the $5.4 million auction. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring fetched $1.6...
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Polished Markets
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Dec 11, 2019
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Rapaport News
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Alrosa Sales Reach Six-Month High
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Alrosa’s sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the...
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Mining
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Dec 10, 2019
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Rapaport News
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Blue Diamond Earrings Score Big at Bonhams
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A pair of blue diamond earrings fetched just under $1.3 million atBonhams’ New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81...
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Polished Markets
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Dec 10, 2019
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Rapaport News
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DEF Rebrands as Diamonds Do Good
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The Diamond Empowerment Fund has changed its name to Diamonds Do Good to simplify its identity within the industryand resonate more with consumers. The move, announced last week, is designed to align theorganization’s branding in the...
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Rough Markets
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Dec 10, 2019
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Rapaport News
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Gem Diamonds Digs Up 114ct. Yellow
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Gem Diamonds has recovered a 114-carat yellow diamond at itsLetšeng mine in Lesotho, the fourth of that color above 100 carats this year. The miner found the type I stone on Monday, a week afterunearthing a 93.5-carat, high-quality...
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Mining
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Dec 10, 2019
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Rapaport News
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Petra Forced to Halt Production in South Africa
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Petra Diamonds has had to put operations on hold at itsthree South African mines, due to a restriction on power usage enforced by the local electricity provider. Eskom has told the miner to limit its power usage to “essential...
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Mining
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Dec 10, 2019
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Rapaport News
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Can Nanotechnology Save the Diamond Trade?
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It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
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Technology
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Dec 09, 2019
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Avi Krawitz
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Sotheby’s Hires Asia Jewelry Head
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Sotheby’s has appointed Wenhao Yu as deputy chairman ofjewelry for Asia, to help strengthen its expertise and sourcing capabilitiesand expand its business in the region. Yu was previously at Poly Auction Hong Kong, where he founded and...
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Polished Markets
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Dec 09, 2019
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Rapaport News
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