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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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Belgium Diamond Shipments Drop
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Belgium’s diamond trade slowed in September, continuing adownward trend for the year. A 25% decline in polished exports reflected lowervolumes and a fall in the average price. Sep 2019 Year-on-year change Polished exports $873 -25%...
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Polished Markets
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Oct 22, 2019
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Rapaport News
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Belgium Diamond Trade Slows
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Belgium’s diamond trade continued its decline in August, withrough and polished shipments slowing. Polished exports slumped 34%, reflectinglower volumes and a steep drop in the average price, according to data from theAntwerp World Diamond...
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Polished Markets
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Sep 11, 2019
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Rapaport News
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Officials Calm Hong Kong Show Concerns
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The organizers of the Hong Kong Jewellery & Gem Fair have assured the trade that the September show will take place as planned, and denied claims that exhibitors are requesting it be postponed due...
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Polished Markets
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Aug 25, 2019
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Rapaport News
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Trade Calls to Postpone Hong Kong Show
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Three major trade bodies have asked the organizer ofthe Hong Kong Jewellery & Gem Fair to delay the show until the political climate stabilizes. “Currently 30% to 40% of the exhibitors are demanding...
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Polished Markets
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Aug 21, 2019
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Rapaport News
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Belgium Trade Cuts Diamond-Research Funding
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The Antwerp World Diamond Centre (AWDC) will no longer provide financial backing to the city’s diamond-technology unit, citing difficult conditions in the local industry. “As a result of the high cost of labor in our country,almost the...
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Polished Markets
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Jul 21, 2019
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Rapaport News
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Belgium’s Rough Trade Hits Decade Low
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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...
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Polished Markets
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Jul 15, 2019
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Rapaport News
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Peter Meeus to Advise WFDB on Synthetics
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The World Federation of Diamond Bourses (WFDB) has hiredPeter Meeus as an external adviser. He will be responsible for helping theorganization fine-tune its position on lab-grown diamonds and other industrymatters. Synthetic diamonds are a huge concern in the...
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Polished Markets
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Jun 27, 2019
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Leah Meirovich
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Belgium’s Rough Trade Slumps in May
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Rough exports from Belgium dropped 37% year on year to $741.5million in May, reflecting continued weakness in the sector. Rough imports fell16%, according to data from the Antwerp World Diamond Centre. The polishedtrade was more...
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Mining
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Jun 26, 2019
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Rapaport News
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Belgium Rough Trade Slows in 1Q
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Belgium saw a decline in its imports and exports of rough diamondsin the first quarter, as mining companies’ sales dropped.Shipments into thecountry slid 33% to $2.09 billion for the period, reflecting a 38% slump inrough sales...
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Rough Markets
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Apr 28, 2019
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Rapaport News
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Dubai’s NBF Enters Antwerp Lending Market
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The National Bank of Fujairah (NBF) has launched arepresentative office in Antwerp as it looks to expand its business lending toestablished diamond traders. The Dubai-based bank targets wholesalers with secure sourcesof income and solid product...
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Financial-Legal
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Apr 07, 2019
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Joshua Freedman
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CAR Invites De Beers and Alrosa to Mine Its Diamonds
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The Central African Republic (CAR) is trying to entice large diamond-mining companies to set up operations in thecountry, as part of its effort to reform the sector and meetKimberley Process (KP) regulations. The government has already contacted both...
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Mining
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Apr 02, 2019
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Leah Meirovich
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Belgium Trade Declines in February
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Belgium’s shipments of rough and polished slowed inFebruary. An 8% drop in the volume of polished exports outweighed growth in theaverage price, with the total value down 3% for the month, according to datathe Antwerp World Diamond Centre...
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Polished Markets
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Mar 10, 2019
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Rapaport News
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Belgium Trade Slows in January
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Belgium’s shipments of rough and polished slid in Januaryamid a slowdown in the global industry. A 10% drop in the volume of polishedexports outweighed growth in the average price, with the total value down 4%for the month, according...
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Polished Markets
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Feb 18, 2019
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Rapaport News
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