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What the Brexit Deal Means for the Diamond Trade
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The UK's departure from the European Union has altered the way British diamond businesses trade with important centers such as Antwerp, as well as with markets around the world. The impact stretches from...
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Financial-Legal
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Jan 10, 2021
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Joshua Freedman
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Jewelers ‘Failing to Prevent Rights Abuses’
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Human Rights Watch (HRW) has called for mandatory sourcing rules for the jewelry industry and urged retailers to name their suppliers, claiming the sector is not doing enough to combat abuses.“Many jewelry companies...
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Retail
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Nov 25, 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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‘Diamonds Are a Girl’s Best Friend’ Nets $50K
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A brand-management company that owns the Marilyn Monroeestate has bought the trademark rights to “Diamonds Are a Girl’s Best Friend”at an auction of assets belonging to Nirav Modi’s US businesses.ABG Intermediate Holdings, which trades as Authentic BrandsGroup (ABG),...
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Marketing
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Oct 23, 2018
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Rapaport News
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Brexit Concerns Weigh on UK Jewelers
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The weak pound and uncertainty over the UK’s departure fromthe European Union are making it hardfor British jewelers to plan their business activities, dealers said.The currency has declined about 13% since Britain’s...
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Financial-Legal
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Sep 06, 2018
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Joshua Freedman
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Kimberley Process Begins Two-Year Review
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The Kimberley Process (KP) has entered a two-year review of itsoperations, enabling the organization to evaluate current needs and improve theway it tackles issues. The European Union, the KP’s chair for 2018 under theleadership...
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Mining
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Mar 12, 2018
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Rapaport News
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Zimbabwe Group to Lead KP Civil Society
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The Civil Society Coalition (CSC) of the Kimberley Process(KP) has appointed the Zimbabwe Environmental Law Association (ZELA) as its leader, according to a statement on the KP website. ZELA will take over the leadership from Impact...
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Fair Trade
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Mar 04, 2018
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Rapaport News
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Hilde Hardeman Is New KP Chair
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Hilde Hardeman will be the chair of the Kimberley Process for2018, the European Commission (EC) has confirmed.Hardeman is head of the EC’s Service for Foreign PolicyInstruments (FPI), which manages aspects of the European Union’s diplomacy....
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Mining
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Jan 21, 2018
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Rapaport News
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EU Becomes Kimberley Process Chair
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The European Union (EU) has taken over the chairmanship ofthe Kimberley Process (KP) for 2018, with Italian politician FedericaMogherini heading the operation.The leadership of the KP switches every year, with Australiataking charge...
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Mining
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Jan 02, 2018
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Rapaport News
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Global Rough Trading Jumps in 2016
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Global rough-diamond trading grew last year amid anincrease in average prices, according to data the Kimberley Process (KP)released Tuesday.Worldwide rough imports jumped 15% by value to $48.56billion in 2016, while import volume increased 11% to 380.8...
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Rough Markets
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Jul 05, 2017
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Rapaport News
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HRD Antwerp Enters Iran in Middle East Expansion
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Diamond-grading group HRD Antwerp will launch an educational program in Iran to expand its presence in the Middle East.HRD will start training certified diamond graders in a debut course in Tehran at the end of April in collaboration with Alireza...
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Polished Markets
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Feb 14, 2017
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Rapaport News
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EU to Chair Kimberley Process in 2018
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The Kimberley Process (KP) said the European Union (EU) willbe its chair in 2018, meaning the bloc will serve as vice-chair next year.The EU, which last chaired the KP in 2007, will take overfrom...
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Fair Trade
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Nov 21, 2016
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Rapaport News
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London Bourse 'Well Placed' to Cope With Brexit
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The London Diamond Bourse (LDB) said it is in a strongposition to face the post-Brexit storm because of its access to a bondedwarehouse enabling duty-free trading but warned of currency headwinds.A bonded warehouse is a facility overseen by customs authorities where imports...
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Polished Markets
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Jul 04, 2016
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Rapaport News
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Brexit Impact
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PRESS RELEASE, June 27, 2016, New York … Brexitwill not have a sustainable negative impact on polished diamond demand. The EUhas not been a dominant diamond consumption center for many years. While anegative wealth...
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Financial-Legal
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Jun 27, 2016
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Martin Rapaport
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Brexit: Pound's Slump to Hit Jewelry Importers
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The U.K.’s National Association of Jewellers (NAJ) warnedthe cost of making and importing jewelry in the country will rise, after thenation voted on Thursday to leave the European Union (EU).Gold surged 4.7 percent on Comex, according...
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Financial-Legal
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Jun 26, 2016
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Rapaport News
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EU Eyes 2018 Kimberley Process Chairmanship
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TheEuropean Union (EU) is bidding for the role of Kimberley Process vice chair in2017, meaning it would assume chairmanship of the organization the followingyear. In a jointproposal made at the KP intersessional meeting in Dubai last week, India wouldserve...
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Rough Markets
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May 30, 2016
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Rapaport News
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EU Preps to Lift Sanctions on ZMDC
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Special interest leaks from the European Union (EU) signaled that the governing body would be lifting sanctions on the Zimbabwe Mining Development Corporation (ZMDC), which controls Zimbabwe's minerals, next month. However, an official...
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Fair Trade
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Sep 18, 2013
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Jeff Miller
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EU Keeps Sanctions on ZMDC, Eases Restrictions on Others
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Following what it called a successful constitutional referendum in Zimbabwe, the European Union (EU) further relaxed sanctions on the African nation. In a declaration posted by the High Representative, Catherine Ashton, on behalf of the EU, Zimbabwe was congratulated...
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Fair Trade
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Mar 25, 2013
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Jeff Miller
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EU Rewards Progress in Zimbabwe
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The European Union's (EU) Foreign Affairs Council voted to ease some restrictions on Zimbabwe ahead of its constitutional referendum vote in March. EU sanctions are reviewed annually and this year Belgium lobbied to strike the Zimbabwe...
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Fair Trade
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Feb 20, 2013
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Rapaport News
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Diamdel, Bulgari Advance in European Business Awards Competition
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Diamdel Antwerp was selected as one of 15 business in Belgium to represent that nation in The European Business Awards competition. Bulgari was selected as one of the 25 companies that will represent Italy. This annual awards program is dedicated to raising the visibility of companies that excel in delivering commercial results and...
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Marketing
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Jul 09, 2010
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Jeff Miller
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