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Jim Duffy
Tracr Aiming to Be More Than a Blockchain
As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
Polished Markets Sep 04, 2019 Avi Krawitz
IIJS
Trade War Sparks Opportunity for Indian Jewelers
India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
Retail Aug 13, 2019 Avi Krawitz
Diamonds at Tenders
Let’s Set Our Sights on the Auctions
De Beers’ first-half earnings highlighted the many challenges facing the diamond trade. But beyond the sharp declines the mining company suffered, CEO Bruce Cleaver and chief financial officer Nimesh Patel were...
Rough Markets Aug 07, 2019 Avi Krawitz
IIDGR
Will Gemologists Survive Automation?
Amid the tech boom that is shaping the diamond industry, a growing number of companies are challenging the grading laboratories, arguing that assessing the 4Cs should not be a subjective science.“Five to 10 years from now, diamond...
Technology Jul 10, 2019 Avi Krawitz
Alrosa rough
Stop Buying Rough
The prevailing panic surrounding the rise of lab-grown diamonds is overshadowing the bigger challenge facing the diamond market: There is no profit in the trade. This long-term challenge is reaching crisis levels, as manufacturers lack liquidity and...
Rough Markets Jul 03, 2019 Avi Krawitz
RJC
RJC Ready to Target Consumers
The Responsible Jewellery Council (RJC) is planning a strategy to help retailers assure consumers their jewelry has been ethically sourced and that they follow the required sustainability standards. The group, whose mandate is to set...
Polished Markets Jun 27, 2019 Avi Krawitz
De Beers Sorting
De Beers Cuts Prices as Rough Sales Slide
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
Rough Markets Jun 25, 2019 Avi Krawitz
Vegas Montage
Podcast: Key Insights from the JCK Show
Fresh off the boat from Las Vegas, and battling some serious jetlag, Rapaport news editor Avi Krawitz and publisher John Costello pick out their key takeaways and favorite moments from...
Polished Markets Jun 13, 2019 Rapaport News
Was Vegas Worth the Gamble
Was Vegas Worth the Gamble?
As rain fell for about five minutes on the typically sunbaked Las Vegas strip on the opening day of the JCK show, one couldn’t help but sense things might be a bit different this year. Was...
Polished Markets Jun 13, 2019 Avi Krawitz
artisanal mining
The Drive to Lift the Artisanal Stigma
The community of Fandehun is not used to pomp and ceremony.The modest village in the heart of Sierra Leone’s Kono District has beensustained by diamond mining for over 50 years but lacks the basics many takefor granted...
Mining Jun 12, 2019 Avi Krawitz
Podcast June 2019
Podcast: Lightbox – the Synthetics King?
On the first anniversary since the launch of Lightbox,Rapaport’s Avi Krawitz sat with managing director Steve Coe at the JCK show inLas Vegas. Coe gives his perspective of the industry’s response toLightbox, some insight...
Retail Jun 05, 2019 Avi Krawitz
Sands Expo
Video: Vegas Show Sees Light Traffic
The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year’s event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading...
Polished Markets Jun 04, 2019 Avi Krawitz
JCK Las Vegas 2019
Challenges Linger as Las Vegas Shows Begin
The JCK Las Vegas show opened to steady traffic on Friday, as exhibitors expressed concern about declining polished prices and the growth of lab-grown diamonds. Botswana President Mokgweetsi Masisi opened the show, stressing the...
Polished Markets May 31, 2019 Avi Krawitz
Swarovski 150
Swarovski Plans Move into Natural Diamonds
Swarovski, the Austrian jeweler famous for its cut-glass crystals, is preparing to launch its natural diamond operations, Nadja Swarovski, head of corporate communications and design services, said in a panel discussion at the JCK Las Vegas...
Polished Markets May 31, 2019 Avi Krawitz
Diamond Show - Rapaport Polished Diamonds 150
Webinar: The Way Forward in a Slow Market
What’s the current state of the rough, polished and retail markets?Avi Krawitz, Rapaport’s Senior Analyst and News Editor, analyzes the key trendsin this hour-long webinar. Click here for more.
Polished Markets Apr 18, 2019 Avi Krawitz
Julius Klein 22-carat yellow diamond ring at 2019
Video Blog: Insights from AGS Conclave
Watch the third installment of our video blog from the American Gem Society’s annual Conclave in Seattle, Washington. Avi Krawitz, Rapaport News Editor andSenior Analyst, discusses what’s unique about the event, and...
Polished Markets Apr 11, 2019 Avi Krawitz
Rough diamond
Why Rough-Diamond Prices Must Drop
Rough-diamond prices are too high, and reducing them is a must.Not only is such a move necessary to ensure profitability formanufacturers, it would also raise market sentiment, which has beenuncharacteristically weak for a first quarter.In the long...
Mining Apr 10, 2019 Avi Krawitz
Time to reengage with bridal
Time for the Trade to Reengage with Bridal
There’s a caveat that Stephen Lussier emphasizes when marketing diamonds to millennials as a symbol of love. The industry needs to recognize that love may not entail the formality of marriage, the De Beers head of marketing stressed in an interview...
Marketing Mar 13, 2019 Avi Krawitz
Rapaport Feb magazine
Synthetics: A Special Report from Rapaport
The Rapaport Group has published a special report delvinginto the key issues around lab-grown diamonds.The supplement, “The Fight’s Getting Real,” contains highlights from the February 2019 issue of Rapaport Magazine, featuring an analysis...
Polished Markets Feb 28, 2019 Rapaport
Lab-Grown Meat
Synthetics: The Meat of the Matter
In a bold and somewhat savvy move back in January 2018, Tyson Foods, one of the largest food-processing companies in the US, took a minority stake in Memphis Meats, a startup in the budding cultured-meat industry. Despite the deal’s...
Polished Markets Feb 21, 2019 Avi Krawitz
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