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March Shutdown Hits Swiss Watch Exports
Swiss watch exports slumped in March amid continued market pressures resulting from the coronavirus pandemic.Shipments slid 22% to CHF 1.36 billion ($1.4 billion) for the month, with most markets declining significantly, the...
Watches Apr 21, 2020 Rapaport News
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
Rough Markets Jan 15, 2020 Joshua Freedman
Store in NY diamond district
US Trade Slowdown Continues
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%...
Polished Markets Jan 13, 2020 Rapaport News
NRF September
US Consumer Spending Dips
US retail sales stalled between Augustand September, indicating that consumer confidence may be waning in light ofthe escalating trade war. Total purchases for September —excluding automobiles, gasoline and restaurants — dipped 0.1% compared to theprevious...
Retail Oct 17, 2019 Rapaport News
Signet Scaling Back China Buying
Signet Jewelers plans to reduce its purchasing of Chinesegoods by about 50%, aiming to minimize the impact of US tariffs on thebusiness. “We have been successful in working with our vendors to movea significant amount of our China exposure to other...
Retail Sep 09, 2019 Rapaport News
Antwerp diamond processing AWDC
Belgium’s Rough Trade Hits Decade Low
Belgium’s rough-diamond trade fell in the first half to its lowest level since the financial crisis. Rough imports to the country declined 26% year on year to $4.36 billion during the six months ending June...
Polished Markets Jul 15, 2019 Rapaport News
Israel Extends Tax-Free Inspection Period
Israeli authorities have lengthened the amount of time dealers can spendinspecting polished diamonds without paying a 0.1% import duty. Diamond controller Danny Tal, Israel’s regulator for theindustry, will now allow companies up to 30 days...
Financial-Legal Apr 25, 2018 Rapaport News
AWDC Hong Kong show March 2017
Antwerp Body Joins India KYC Program
Trade organizations in Belgium and India are collaborating on an onlinenetwork to enable industry members to share know-your-customer (KYC) data witheach other.MyKYCBank, which India’s Gem & Jewellery Export Promotion Council (GJEPC) initially set up, lets...
Financial-Legal Dec 06, 2017 Rapaport News
Hong Kong
Hong Kong Polished Imports Continue to Slide
Hong Kong’s polished diamond imports fell 9 percent in the firstsix months of 2016 driven by a decline in deliveries from the major tradingcenters, according to data compiled by the Diamond Federation of Hong Kong. Shipments dropped to $8.52 billion,...
Polished Markets Aug 11, 2016 Rapaport News
UK hallmarking
London Bourse 'Well Placed' to Cope With Brexit
The London Diamond Bourse (LDB) said it is in a strongposition to face the post-Brexit storm because of its access to a bondedwarehouse enabling duty-free trading but warned of currency headwinds.A bonded warehouse is a facility overseen by customs authorities where imports...
Polished Markets Jul 04, 2016 Rapaport News
India Arch
India’s Diamond Trading Advances in May
India’s polished diamond exports jumped 13 percent year onyear to $1.97 billion in May, according to provisional data from the Gem &Jewellery Export Promotion Council. By volume, polished exports surged 15percent to 3 million carats. Polished imports...
Polished Markets Jun 20, 2016 Rapaport News
Indian Diamond & Colorstone Association Elects New Leaders
The Indian Diamond & Colorstone Association, Inc. (IDCA)unanimously elected a new executive committee for 2016, choosing Pioneer Gems’Ashok Sancheti as president.Rakesh Barmecha of Niru NY Ltd. has been elected vicepresident, Amikam’s Jay Mehta is secretary,...
Polished Markets Dec 16, 2015 Rapaport News
Diamond District
U.S. Polished Diamond Imports -12% in April
U.S. polished diamond imports contracted 11.8 percent year on year to $1.793 billion in April. However, polished exports plunged 24.5 percent to $1.213 billion, leaving net imports up 36.2 percent to $580 million. By volume, polished imports...
Polished Markets Jun 03, 2015 Jeff Miller
New York Antique Jewelry & Watch Show Begins July 24
The New York Antique Jewelry & Watch Show, which is scheduled for July 24 to 27 at the Metropolitan Pavilion in Manhattan, confirmed at least 100 "elite dealers" will participate in the show, presenting sought-after collections and gems....
Marketing May 18, 2015 Jeff Miller
kimberley process
U.S. Reiterates Rough Diamond Suspension on Venezuela, CAR
The U.S. Department of State published an update on the Clean Diamond Trade Act of 2003, specifically regarding participating countries and entities in the Kimberley Process Certification Scheme. The latest revision follows an update from August...
Rough Markets May 18, 2015 Jeff Miller
Hong Kong Flag
Hong Kong's Polished Imports -2% in 1Q
Hong Kong's polished diamond imports fell 2 percent year on year to $4.842 billion in the first quarter that ended on March 31, according to the Diamond Federation of Hong Kong, China Ltd. Polished imports by volume declined...
Research May 12, 2015 Jeff Miller
Diamond District
U.S. Polished Diamond Imports +9% in March
U.S. polished diamond imports rose 9 percent year on year to $2.151 billion in March, a new record high for the month. The average price of goods was basically flat at $2,001 per carat. Polished exports slipped...
Research May 05, 2015 Jeff Miller
Diamond District
U.S. Polished Exports Exceed Imports in February
U.S. polished diamond imports rose 9.6 percent year on year to $1.748 billion in February, while the average price per carat increased 5.3 percent to $2,174. However, polished exports rose 1.7 percent to $1.785 billion,...
Polished Markets Apr 02, 2015 Jeff Miller
Jewelers Vigilance Committee Schedules Four Business Webinars
The Jewelers Vigilance Committee (JVC) scheduled a live webinar series beginning this spring that is designed to help members avoid legal risk and implement compliant business practices. The first in the series is titled "Grading...
Financial-Legal Apr 01, 2015 Jeff Miller
fairtrade gold
Press Release: Interest in Fairtrade Gold Blossoms in 2015
Press Release: Enough gold to make over 3,700 Fairtrade gold wedding rings has arrived in the U.K. this month. The shipment, weighing 15 kg, was received by CRED Jewellery and marks the third month...
Fair Trade Mar 26, 2015 Fairtrade Foundation
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