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US Trade Slowdown Continues
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US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019 Nov 2019 Year-on-year change Polished imports $1,382 -19%...
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Polished Markets
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Jan 13, 2020
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Rapaport News
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Alrosa Releases 2020 Supply Schedule
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Alrosa has published its schedule of contract sales and auctions for next year.The Russian miner has maintained its format of monthly sales under the Alrosa Alliance, its long-term supply program. It will also...
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Mining
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Dec 31, 2019
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Rapaport News
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US Polished Imports Decline
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The USdiamond trade continued to slow in October. Polished imports fell 38% to $1.45billion for the month, marking the steepest year-on-year drop since 2009 andthe seventh consecutive month of decline, according to Rapaport records. Polished...
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Polished Markets
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Dec 25, 2019
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Rapaport News
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US Polished Trade Continues to Decline
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US polished-diamondimports fell 24% to $1.48 billion in September, according to the latest datafrom the US Commerce Department. The decline reflected lower volumes and a dropin the average price. Polished imports fell 13% to $15.37 billion for...
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Polished Markets
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Dec 01, 2019
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Rapaport News
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Lightbox to Debut at Bloomingdale’s, Reeds
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De Beers will partner with two major retailers topromote Lightbox, its brand of affordable lab-grown diamond jewelry. Lightbox’s $800-per-carat jewelry is set to be soldin select Bloomingdale’s stores, including in New York City and San Francisco,...
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Retail
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Oct 15, 2019
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Rapaport News
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US Polished Imports Decline
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USpolished-diamond imports dropped 21% to $1.6 billion in July, according to thelatest data from the Commerce Department. This year’s downwardtrend has continued, with polished imports falling 10% for the first seven months.The average...
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Polished Markets
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Sep 24, 2019
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Rapaport News
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JSA Warns Jewelers of Power-Cut Break-Ins
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The Jewelers’ Security Alliance (JSA)has issued a “code red” warning ahead of Thursday’s July 4celebrations in the US. The New York-based association,which provides crime information andassistance to jewelers across America, has warned that power...
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Retail
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Jul 03, 2019
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Rapaport News
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US Polished Imports Rise in 1Q
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Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January...
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Polished Markets
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Jun 06, 2019
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Rapaport News
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Trade Mourns Death of Leo Schachter
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Leo Schachter, whose famed international diamond company has borne his name for almost 70 years, died last Thursday at the age of 95.Schachter launched Beck and Schachter Company on New York’s47th Street in 1952, having...
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Polished Markets
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May 12, 2019
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Rapaport News
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US Polished Imports Drop in Early 2019
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The US polished-diamond trade was sluggish in the firsttwo months of the year, with imports declining and exports stable. Bothcategories recorded a weaker February than January. The drops in import valuereflected a lower average price in both...
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Polished Markets
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May 02, 2019
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Rapaport News
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Sotheby’s Garners $21.5M at New York Auctions
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Two Sotheby’s New York auctions brought in a combined $21.5million Wednesday, with a blue-diamond ring achieving the top price. The cut-cornered square modified brilliant-cut, 3.24-carat,fancy-intense-blue, VVS1-clarity diamond ring, flanked by two pear-shapeddiamonds, fetched $2.3...
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Polished Markets
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Apr 18, 2019
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Rapaport News
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US Looks to Tighten Jewelry-Origin Rules
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The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
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Financial-Legal
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Apr 18, 2019
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Joshua Freedman
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Twin-Stone Ring Fetches $7M at Christie’s
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Christie’s New York Magnificent Jewels auction garnered $30.3 million on Tuesday, with a twin-stone ring leading the sale. The piece, bearing two pear modified brilliant-cut,fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats,...
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Polished Markets
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Apr 17, 2019
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Rapaport News
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US Trade Confident as Polished Imports Surge
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Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
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Polished Markets
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Apr 03, 2019
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Joshua Freedman
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Graff Buys Flagship New York Store
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Graff has bought the New York property that has housed itsflagship boutique for nearly 20 years, the London-based jeweler said Tuesday. The building, at 710 Madison Avenue on the corner of 63rd Street, was...
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Retail
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Mar 06, 2019
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Rapaport News
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Podcast: The New York View
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Rapaport News caught up with Reuven Kaufman, president of New York’s Diamond Dealers Club (DDC), to gauge the mood in the US trade at the start of 2019.Retailers had a good holiday season, but have been wary about...
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Polished Markets
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Jan 31, 2019
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Rapaport News
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GEM Awards Honor Ex-Rolex USA Chief
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Jewelers of America (JA) honored retailers, designers andjournalists at Friday’s GEM Awards in New York. Stewart Wicht, whoretired as CEO of Rolex Watch USA in December, picked up the LifetimeAchievement accolade in recognition of his contribution to the industry duringhis...
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Retail
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Jan 16, 2019
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Rapaport News
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Lucapa Predicts Premium from Angola Reforms
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Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
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Rough Markets
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Jan 14, 2019
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Joshua Freedman
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Bulgari Blue Fetches $18M at Christie’s
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A Bulgari diamond ring surpassed its estimate at Christie’s inNew York on Wednesday, bringing in more than $18 million. The cushion-cut, 8.08-carat, fancy-vivid-blue piece was the event’stop seller at $18.3 million, beating its presale estimate...
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Polished Markets
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Dec 06, 2018
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Rapaport News
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Blue Diamond Fails to Sell at Sotheby’s
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A blue diamond estimated at up to $30 million failed to finda buyer at Sotheby’s in New York on Tuesday. The pear-shaped, 10.62-carat, fancy-vivid-blue, VVS1-claritydiamond had a presale valuation of $20 million to $30 million. Anotherpear-shaped stone — a 2.76-carat, fancy-intense-purple-pink diamond — also...
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Polished Markets
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Dec 05, 2018
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Rapaport News
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