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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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Record Average Price Supports Belgium Trade
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Belgium’s polished exports were flat in 2018 as a higheraverage price offset a drop in volume, according to data the Antwerp WorldDiamond Centre (AWDC) released recently. Weakness in the market for smallerstones prompted an increase in trading in larger diamonds,...
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Polished Markets
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Feb 04, 2019
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Rapaport News
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Belgium Prepares for ‘No-Deal’ Brexit
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Belgium’s diamond industry has urged companies to preparefor the possibility of the UK leaving the European Union (EU) without a customsdeal.Trading between the EU and the UK will be subject to customschecks if the two parties fail to finalize an agreement...
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Rough Markets
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Jan 21, 2019
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Rapaport News
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Flemish Govt. Backs Industrial-Synthetics Factory
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A Belgian regional authority will invest EUR 2 million ($2.3million) in a production facility for industrial synthetics. The financial input from the government of Flanders willhelp India-based Heyaru Engineering launch the lab-grown-diamond factory — itsfirst in Europe...
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Technology
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Jan 13, 2019
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Rapaport News
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DMCC Joins GJEPC’s My KYC Initiative
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The Dubai Diamond Exchange (DDE) will join the Gem &Jewellery Export Promotion Council’s (GJEPC) digital know-your-customerplatform. All members of the DDE’s parent company, the Dubai Multi Commodities Centre(DMCC), that trade in diamonds,...
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Financial-Legal
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Dec 23, 2018
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Rapaport News
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Belgium Sees Monthly Exports Falter
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Belgium’s polished trade dropped in November, according todata from the Antwerp World Diamond Centre. Exports fell 11% amid a loweraverage price, with volumes down 1%. Rough shipments also declined. However,polished trading is up for...
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Polished Markets
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Dec 18, 2018
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Rapaport News
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India Strengthens Position in Diamond Cutting
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India increased its dominance in cutting and polishing last year due to relatively low costs that gave it a competitive advantageover China, according to Bain & Company. The Indian diamond-manufacturing industry grew 11% in 2017,outpacing the...
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Rough Markets
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Dec 12, 2018
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Rapaport News
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