|
|
|
Coronavirus Updates: Impact on the Diamond Trade
|
|
The COVID-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
|
|
|
Polished Markets
|
May 27, 2020
|
Rapaport News
|
|
|
|
|
|
Israel Bourse Opens Redesigned Trading Hall
|
|
The Israel Diamond Exchange (IDE) has reopened its trading floor following a two-month nationwide lockdown due to the pandemic.The hall will operate under a new format to comply with government health-and-safety rules, the IDE...
|
|
|
Polished Markets
|
May 25, 2020
|
Rapaport News
|
|
|
|
|
|
What Can the Pandemic Teach Us?
|
|
How we manage disruption and upheaval will always be a defining moment. And the lessons we learn during these challenging times will be vital to our future longevity. What we have experienced as an industry over the last several...
|
|
|
Polished Markets
|
May 20, 2020
|
John Costello
|
|
|
|
|
|
US Polished Imports Down 66% in March
|
|
US polished-diamond imports fell in March to their lowest level since December 2002 as the coronavirus hit global trading. The month saw the 12th consecutive year-on-year decline, according to Rapaport archives based on data from the...
|
|
|
Polished Markets
|
May 19, 2020
|
Rapaport News
|
|
|
|
|
|
Michael Hill Sees Record Online Sales
|
|
E-commerce sales at Michael Hill reached an all-time high in late April and early May as the Australia-based retailer responded to changing consumer attitudes amid the coronavirus pandemic.Digital revenues for the three weeks ending May...
|
|
|
Retail
|
May 18, 2020
|
Rapaport News
|
|
|
|
|
|
Israel Bourse Trading Floor to Reopen May 24
|
|
The trading floor at the Israel Diamond Exchange (IDE) will resume “regular activities” next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new...
|
|
|
Polished Markets
|
May 17, 2020
|
Rapaport News
|
|
|
|
|
|
Is the Diamond Trade Prepared for Change?
|
|
As diamond markets start to return, the Rapaport News team discusses prospects for the industry in the latest episode of the Rapaport Diamond Podcast. We discuss the extent to which things have fundamentally changed in the past...
|
|
|
Polished Markets
|
May 14, 2020
|
Rapaport News
|
|
|
|
|
|
Alrosa Sales Nearly Wiped Out in April
|
|
Alrosa’s diamond sales plummeted 95% to $15.6 million in April, the lowest on record, as customers deferred purchases until the market improves.Rough sales slumped 96% to $13.1 million, while polished revenues fell 17% to $2.4 million,...
|
|
|
Rough Markets
|
May 12, 2020
|
Rapaport News
|
|
|
|
|
|
BlueRock Restarts South African Mine
|
|
BlueRock Diamonds has resumed operations at its Kareevlei deposit in South Africa after the government allowed the mining sector to reopen.The company expects to reach full capacity by the end of the month, it said Monday. However,...
|
|
|
Mining
|
May 12, 2020
|
Rapaport News
|
|
|
|
|
|
Mumbai Trade Resumes with 10% of Workers
|
|
Indian authorities have allowed Mumbai’s diamond and jewelry companies to reopen partially on condition that they limit their workforces and follow social-distancing rules.Trade members may operate with up to 10% of their staff members in order...
|
|
|
Polished Markets
|
May 12, 2020
|
Rapaport News
|
|
|
|
|
|
Young Diamantaires Moving Beyond Infancy
|
|
The Young Diamantaires group is planning to become a more structured organization, with regional chapters and an online networking platform for registered members, its founder told Rapaport News. The initiative of the World Federation of Diamond...
|
|
|
Polished Markets
|
May 10, 2020
|
Joshua Freedman
|
|
|
|
|
|
Lucara Hopeful of Second-Half Rebound
|
|
Lucara Diamond Corp. has indicated the market could improve in the second half of 2020 as lower rough supply and a recovery in Asia bode well for prices.“Though our near-term outlook on diamond prices remains uncertain,...
|
|
|
Mining
|
May 10, 2020
|
Rapaport News
|
|
|
|
|
|
Alrosa Pauses Production at Two Mines
|
|
Alrosa has suspended production at two of its less profitable mines, citing the heavy impact of the coronavirus on diamond demand. The company will also rethink its group output plan for 2020 at its board...
|
|
|
Mining
|
May 05, 2020
|
Rapaport News
|
|
|
|
|
|
Antwerp Trading Floors to Reopen May 11
|
|
Antwerp’s four diamond-trading halls will reopen next week as Belgium gradually relaxes its restrictions on movement and social interaction.The government permitted diamond companies to restart operations on Monday, though many employees will work from...
|
|
|
Polished Markets
|
May 04, 2020
|
Joshua Freedman
|
|
|
|
|
|
De Beers Donates to Women’s Support Groups
|
|
De Beers has contributed $200,000 to assist women’s shelters and support organizations in its diamond-producing countries during the COVID-19 pandemic.The money, which will be split evenly between Botswana, Canada, Namibia and South Africa, will...
|
|
|
Mining
|
Apr 30, 2020
|
Rapaport News
|
|
|
|
|
|
De Beers Offers 100% Deferrals at May Sight
|
|
De Beers is allowing rough-diamond customers to skip all purchases at next week’s sight, as shutdowns of manufacturing and retail markets have led to minimal demand.The sight will be the second consecutive sale at which the miner has allowed...
|
|
|
Rough Markets
|
Apr 30, 2020
|
Joshua Freedman
|
|
|
|
|
|
Belgian Exports Slump as COVID-19 Hits US
|
|
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...
|
|
|
Polished Markets
|
Apr 28, 2020
|
Rapaport News
|
|
|
|
|
|
India’s Cutting Sector Faces Decade-Low Revenues
|
|
India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory has built up, a credit agency has warned.Diamond sales will decline up to 32%, to $13 billion to $15 billion,...
|
|
|
Polished Markets
|
Apr 28, 2020
|
Rapaport News
|
|
|
|
|
|
Gem Diamonds Restarts Letšeng Operations
|
|
Gem Diamonds will recommence full operations at its Letšeng deposit in Lesotho after the government permitted the mining sector to reopen despite a national lockdown.The company will start production on Monday, implementing special health-and-safety measures...
|
|
|
Mining
|
Apr 26, 2020
|
Rapaport News
|
|
|
|
|
|
Dominion Files for Insolvency Protection
|
|
Dominion Diamond Mines has filed for and received insolvency protection, a month after suspending operations at its Ekati deposit in Canada due to the coronavirus pandemic.The company was granted protection from its creditors under...
|
|
|
Mining
|
Apr 23, 2020
|
Rapaport News
|
|
|
