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Jonathan Kendall, De Beers
De Beers Exec Jonathan Kendall to Retire
Jonathan Kendall, a key executive in De Beers’ downstream activities, will retire at the end of the year following two decades with the business.Kendall was most recently president of De Beers Group Industry Services — the miner’s grading...
Mining Nov 15, 2020 Rapaport News
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
Manufacturing Oct 22, 2020 Joshua Freedman
Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
Rough Markets Aug 02, 2020 Rapaport News
Surat
Surat Factories to Stay Shut Until July 14
Surat authorities have extended the shutdown of the Indian city’s diamond-manufacturing sector for another week after the number of coronavirus cases grew.While trading markets can reopen this Friday, cutting factories won’t be able...
Manufacturing Jul 07, 2020 Rapaport News
Melee polished diamonds being graded and organised
India Extends Import Curbs as Surat Shuts Again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 01, 2020 Joshua Freedman
Surat
Virus Cases Shut Parts of Surat Cutting Units
Around eight diamond-cutting businesses in Surat have closed parts of their factories after a coronavirus outbreak.Authorities ordered the shutdowns after 20 to 23 workers tested positive for the virus, Colin Shah, chairman of the Gem & Jewellery...
Manufacturing Jun 16, 2020 Rapaport News
Surat
Surat Diamond-Cutting Sector Reopens
The Indian government has allowed diamond businesses in Surat to reopen with limited staff numbers following concerns the shutdown was causing an exodus of workers.Companies can now employ 50% of workers in factories and 33% in offices,...
Manufacturing May 21, 2020 Rapaport News
Diamond in tweezers
Mumbai Trade Resumes with 10% of Workers
Indian authorities have allowed Mumbai’s diamond and jewelry companies to reopen partially on condition that they limit their workforces and follow social-distancing rules.Trade members may operate with up to 10% of their staff members in order...
Polished Markets May 12, 2020 Rapaport News
Rami Baron and Mashudu Lazarus Sithole
Young Diamantaires Moving Beyond Infancy
The Young Diamantaires group is planning to become a more structured organization, with regional chapters and an online networking platform for registered members, its founder told Rapaport News. The initiative of the World Federation of Diamond...
Polished Markets May 10, 2020 Joshua Freedman
Melee at De Beers Industry Group Services Surat
Eight Surat Cutting Units Return to Work
India has resumed manufacturing and exports of gems and jewelry, as the country starts to ease its restrictions following five weeks of lockdown.Eight production units in Surat, the country’s diamond-cutting hub, have begun operations at the...
Polished Markets May 04, 2020 Rapaport News
Rough diamond
India Trade Urged to Freeze Rough Imports
India’s leading diamond-trade organizations have called on members to stop importing rough for at least a month to prevent an oversupply and ensure banks maintain their credit to the sector.Companies should consider pausing rough imports from May...
Rough Markets Apr 23, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the coronavirus.Lockdowns in Botswana, South Africa and India are prohibiting sightholders from traveling and preventing the shipment...
Rough Markets Mar 30, 2020 Rapaport News
IIJS Signature 2020
India Eases Trade’s Financial Burden
India’s government has approved concessions to ease the financial situation for diamond and jewelry businesses after the country went into lockdown to curb the spread of the coronavirus.The finance ministry raised the minimum...
Financial-Legal Mar 25, 2020 Rapaport News
Surat
Surat Diamond Manufacturing Shuts Down
The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government....
Polished Markets Mar 24, 2020 Rapaport News
India GST
Indian Exporters Get Reprieve from Banks
Indian banks have agreed to offer special concessions to diamond exporters to help them deal with late payments resulting from the coronavirus outbreak.Companies will have extra months to repay loans they take to fund overseas...
Financial-Legal Mar 19, 2020 Rapaport News
DEF
DEF Invests in Education on Three Continents
The Diamond Empowerment Fund (DEF) has grantedits largest-ever award, to be shared among nine beneficiaries across three continents.The $470,000 training and education grant,released early last week, is designed to support girls’ education,entrepreneurship and youth...
Financial-Legal Oct 15, 2019 Rapaport News
Surat cutting
Rapaport Trade Mission to Surat, India
The RapaportGroup is pleased to announce our trade mission to Surat, India. This mission willprovide an opportunity for members of the diamond-and-jewelry trade to gainfirst-hand knowledge of the diamond supply chain. Surat ishome to an estimated 500,000 diamond cutters,...
Mining Feb 14, 2019 Rapaport
India cutting factory
Surat Must Pivot to Marketing, Says Rapaport
Martin Rapaport has called on manufacturersin Surat to develop relationships with small US jewelers in an attempt toexpand their sales and marketing. The Indian diamond city, a hub for cuttingand polishing, remains highly traditional, and must...
Polished Markets Jul 17, 2018 Rapaport News
Synova 150
Synova Opens Cutting Center in Mumbai
Technology group Synova has opened a new diamond-sawingcenter in Mumbai, the company said recently. The hub — the Swiss manufacturer’s second in India —will provide laser-sawing services, stone analyses and machine demonstrations,which will speed...
Rough Markets Jun 05, 2018 Rapaport News
New Diamond Bourse Set for Surat 150
New Diamond Bourse in the Works for Surat
Construction is under way to develop a diamond bourse in Surat that will house more than 4,400 diamond merchants. The complex is scheduled to be completed in 2020, and to be fullyoperational by the following year, spokespeople for the project told...
Rough Markets Feb 21, 2018 Rapaport News
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