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Belgium’s Diamond Shipments Drop Further
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Belgium’s diamond trade slowed in June, with polished exports down 44% year on year to $469 million, according to data from the Antwerp World Diamond Centre (AWDC). However, the rate of decline eased following heavier...
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Polished Markets
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Jul 05, 2020
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Rapaport News
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Slowdown in Belgian Shipments Eases
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Belgium’s diamond trade continued to decline in May, but at a gentler pace that in the previous month as global markets gradually reopened. Total imports and exports of rough and polished stones fell 81% year on year, compared...
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Polished Markets
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Jun 25, 2020
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Rapaport News
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HRD Shuts Equipment Unit in Reorganization
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HRD Antwerp has closed its equipment division, effective June 9, as part of a restructuring of the Belgian grading laboratory.The organization will increase its focus on its grading and education services, CEO Ellen Joncheere said in a statement...
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Technology
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Jun 10, 2020
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Rapaport News
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Antwerp Trade Suffers Its Worst Month Ever
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Belgium’s diamond trade fell to its lowest level on record in April as US orders dried up and the shutdown of the aviation industry made transporting goods almost impossible.Total diamond shipments in and out of Belgium slumped 89% year...
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Polished Markets
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May 13, 2020
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Joshua Freedman
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Belgian Exports Slump as COVID-19 Hits US
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Belgium’s polished-diamond exports dropped 51% to $513.7 million in March, reflecting the impact of the coronavirus on global shipments.Exports to the US fell 47% to $152.9 million, according to data from the Antwerp World Diamond Centre, as the pandemic...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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Belgian Banks Postpone Loan Repayments
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Belgium has introduced emergency financial concessions to help companies survive the current downturn, offering businesses extra time to repay loans and meet tax obligations.The government and banks have agreed to postpone repayments of existing...
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Financial-Legal
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Mar 30, 2020
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Rapaport News
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Belgium, Israel to Hold Online Diamond Fair
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Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the...
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Polished Markets
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Mar 18, 2020
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Rapaport News
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AWDC Launches Artisanal Certification in Guinea
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The Antwerp World Diamond Centre (AWDC) will introduce a certification project for Guinea’s artisanal miners that will identify their rough diamonds as conflict-free.The AWDC has based the program on the Maendeleo Diamond Standards...
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Mining
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Mar 15, 2020
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Rapaport News
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Belgium’s Polished Exports Slump 55%
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Belgium’s polished-diamond exports dropped 55% to $560 million in February, reflecting a slowdown in the market due to the coronavirus. However, rough imports grew, continuing a trend that began in January, data from the Antwerp World Diamond...
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Polished Markets
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Mar 08, 2020
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Rapaport News
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Alrosa to Maintain Supply Flexibility
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Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
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Rough Markets
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Mar 08, 2020
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Rapaport News
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Belgium’s Polished Trade Slows in January
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Belgium’s polished exports dropped 22% year on year in January, with volumes and average price both falling. Outbound shipments have declined for nine consecutive months, according to Rapaport archives based on data from the...
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Polished Markets
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Mar 03, 2020
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Rapaport News
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HRD Antwerp Not for Sale (for Now)
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The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead embark on a turnaround strategy for the laboratory.“The [AWDC] board of directors and standing committee decided not to sell...
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Polished Markets
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Feb 23, 2020
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Joshua Freedman
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Peter Meeus Bids Again for HRD Antwerp
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Former HRD Antwerp chief Peter Meeus has made a second offer to buy the Belgian laboratory, after its owners rejected his initial proposal.“I’m going straight to the Hoveniersstraat 22 to [deposit] my new bid,” Meeus said...
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Polished Markets
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Feb 19, 2020
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Joshua Freedman
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Belgium Shipments Hit 10-Year Low
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Belgium’s diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since...
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Polished Markets
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Jan 16, 2020
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Rapaport News
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UK Secures Deal to Keep Rough Trade Alive
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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...
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Rough Markets
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Jan 15, 2020
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Joshua Freedman
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Belgium Tightens Access to Diamond Trade
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Belgium has introduced legislation requiring managers of diamond companies to prove their good conduct and knowledge of money-laundering laws.The rules, passed in November by royal decree, are intended to control access to the sector and came after...
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Financial-Legal
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Jan 09, 2020
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Leah Meirovich
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HRD Names New CEO Amid Sale Process
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HRD Antwerp has hired Ellen Joncheere as its CEO in the middle of a process to sell the company.Joncheere currently holds the same position at Fremach International, a supplier of car parts to the automotive industry. She will join...
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Polished Markets
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Dec 26, 2019
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Rapaport News
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Belgium Export Data Looking More Positive
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Belgium’s diamond trade showed signs of stabilizing in November,with rough exports increasing year on year for the first time since April.While polished exports dropped 22%, the rate of decline slowed versus October, data from...
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Polished Markets
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Dec 15, 2019
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Rapaport News
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Sarine Joins Race to Buy HRD Antwerp
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Sarine Technologies has entered the running to acquire HRDAntwerp, according to two sources close to the sale process. The Israel-based diamond-technology company has registered its interest in buying the Belgian laboratory, as have two previous...
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Polished Markets
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Dec 03, 2019
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Joshua Freedman
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HRD Antwerp Receives Two Takeover Bids
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The International Gemological Institute (IGI) and industry veteran Peter Meeus have put in rival bids to acquire HRD Antwerp.Meeus, HRD’s former managing director, lastweek submitted a proposal to buy at least 51% of the lab in partnership...
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Financial-Legal
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Nov 06, 2019
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Joshua Freedman
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