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De Beers rough
De Beers Plans Overhaul of Supply Policy
De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates rough supply, sources have told Rapaport News.The move, which would go into effect from 2021, would...
Rough Markets Jan 23, 2020 Joshua Freedman
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
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...
Rough Markets Jan 15, 2020 Joshua Freedman
Benny Landa
Tech Pioneer Sees Future for Synthetics in Israel
Israel has an opportunity to forge a new specialism in diamond synthesis as its polishing sector diminishes, according to a leading hi-tech executive and founder of a lab-grown venture.The country’s once-thriving diamond-manufacturing industry has mostly shifted to India, with only...
Technology Jan 02, 2020 Joshua Freedman
Stone inspection
The 10 Most Read Stories of 2019
There’s a running joke here at Rapaport News that if we just put “GIA,” “De Beers” and “synthetics” into a headline in a random order and added a few filler words, it would automatically get the diamond industry clicking...
Polished Markets Dec 31, 2019 Joshua Freedman
LakeDiamond diamond platelet with tweezer
De Beers Issues Synthetics Guidelines
De Beers has provided its rough-diamond clients andForevermark partners with guidelines on how to operate in the lab-grown market if they wish to continue tapping into its branding.The mining company, which in 2018 forayed intogem-quality synthetics with...
Financial-Legal Dec 18, 2019 Joshua Freedman
Orapa
Profit Margins Improve at $425M De Beers Sale
De Beers’ rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish...
Rough Markets Dec 18, 2019 Joshua Freedman
Rough and polished diamonds
Pressure on Diamond Midstream Likely to Increase
Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly...
Polished Markets Dec 12, 2019 Joshua Freedman
De Beers sightholder
De Beers Ends Special Supply Measures
Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
Rough Markets Dec 05, 2019 Joshua Freedman
HRD
Sarine Joins Race to Buy HRD Antwerp
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...
Polished Markets Dec 03, 2019 Joshua Freedman
Tiffany
LVMH Sees Value in Tiffany’s Diamond Sourcing
A storied past and popularity as a brand might bethe first things that would attract a potential suitor to Tiffany & Co. ButLVMH has identified another key attribute that made the US jeweler a valuabletarget: its ability...
Retail Nov 28, 2019 Joshua Freedman
Rough diamonds
Rough Slowdown Weighs on Asian Star
Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
Manufacturing Nov 18, 2019 Joshua Freedman
Analyzing rough at KGK Botswana
Rough Market Picks Up at De Beers Sight
De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
Rough Markets Nov 13, 2019 Joshua Freedman
De Beers sightholder office
De Beers Sightholders Embracing Synthetics
Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It’s been an open secret for months that majormanufacturers of natural diamonds have been...
Polished Markets Nov 12, 2019 Joshua Freedman
HRD Antwerp
HRD Antwerp Receives Two Takeover Bids
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...
Financial-Legal Nov 06, 2019 Joshua Freedman
De Beers rough
De Beers Reduces Prices at November Sight
Sightholders welcomed De Beers’ decision to lower pricesat this week’s rough-diamond sale, but noted that further discounts werenecessary to improve profits in the manufacturing sector. The company reduced prices of higher-end goods by 5% to7% at this week’s...
Rough Markets Nov 06, 2019 Joshua Freedman
Antwerp Beurs
Antwerp Bans Lab-Grown from Trading Floors
The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp’s four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges...
Polished Markets Oct 10, 2019 Joshua Freedman
De Beers sightholder office 150
De Beers Sales Drop in Slow Rough Market
De Beers’ sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the...
Rough Markets Oct 03, 2019 Joshua Freedman
HK show Sept 2019
Hong Kong Show Reflects Slow Chinese Demand
The timing of the September Hong Kong Jewellery & GemFair was unfortunate, coming amid a wave of anti-government demonstrations inthe city. But for many participants, the political tensions were masking thebigger issue: Chinese...
Polished Markets Sep 24, 2019 Joshua Freedman
HK Show
Hong Kong Fair Prioritizes Buyer Incentives
The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
Polished Markets Sep 18, 2019 Joshua Freedman
Hong Kong Show
Sentiment Cautious as Hong Kong Show Starts
Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
Mining Sep 16, 2019 Joshua Freedman
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