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Dubai Diamond Exchange
Antwerp, Dubai Upbeat on Rough-Tender Market
The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
Rough Markets Jan 12, 2021 Rapaport News
Stargems rough tender Dubai Dec 2020
Stargems Rough Sale Sets Dubai Record
Stargems sold $87.5 million in rough diamonds at a tender in Dubai last week, benefiting from strong trading in the global market for goods above 0.75 carats.Some 115 buyers purchased a combined 379,912 carats at the sale,...
Rough Markets Dec 21, 2020 Joshua Freedman
Diamond Foundry Dubai launch
Diamond Foundry Opens Dubai Sales Office
Diamond Foundry, one of the largest synthetics producers, has opened an international sales and distribution office in Dubai, citing the city’s beneficial location and connections with diamond centers.The Silicon Valley-based company’s new outpost...
Polished Markets Dec 07, 2020 Rapaport News
Israel Bahrain Dec 2020
Israel, Bahrain Bourses Sign Agreement
The Israel Diamond Exchange (IDE) and the Bahrain Bourse have agreed to collaborate on trade following a recent peace deal between the Middle East countries.The two institutions signed a memorandum of understanding (MoU) at the IDE...
Polished Markets Dec 03, 2020 Rapaport News
Rough diamonds TAGS
Rough Demand Strong at Trans Atlantic Tender
Trans Atlantic Gem Sales (TAGS) sold “almost 100%” of the goods on offer at a rough tender in Dubai earlier this month as buyers showed optimism ahead of the holidays, the company reported.The group, which sells diamonds...
Rough Markets Nov 29, 2020 Rapaport News
Sarine
Israel’s Sarine to Open Dubai Service Center
Sarine Technologies will launch a diamond-scanning center in Dubai following Israel’s peace deal with the United Arab Emirates (UAE).The Israel-headquartered company will partner with Trigem, a Dubai-based provider of services to the diamond industry, which...
Technology Nov 05, 2020 Rapaport News
Israel-Dubai
Israel, Dubai Diamond Sectors Sign Trade Deal
Diamond bourses in Israel and the United Arab Emirates (UAE) have signed a cooperation deal following the recent peace accord between the two Middle East countries.The Israel Diamond Exchange (IDE) will open...
Polished Markets Sep 17, 2020 Rapaport News
Rapaport Logo
Dubai and Israel Open Markets
RAPAPORT PRESS RELEASE, August 18, 2020, New York… The Rapaport Group congratulates the governments of the United Arab Emirates (UAE) and Israel on the normalization of relations. Trade ties between the two countries are...
Polished Markets Aug 20, 2020 Rapaport
Burj Khalifa.
Diamonds Light Up World’s Tallest Building
Dubai has embarked on an eye-catching campaign to attract the global diamond industry to the emirate — and has lit up the world’s tallest building to mark the launch.The story of a diamond’s creation recently appeared on the side of the...
Polished Markets Aug 02, 2020 Rapaport News
Diamond manufacturing in Antwerp
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
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
Angola
Angola Eyes Antwerp as Ally in Diamond Reforms
Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
Rough Markets Jun 14, 2018 Joshua Freedman
Nirav Modi store
What We Know About Nirav Modi’s US Companies
The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
Financial-Legal Mar 07, 2018 Joshua Freedman
Dubai
Dubai Trade Warns Against Diamond Tax
The introduction of value added tax (VAT) on loosediamonds would strongly jeopardize growth opportunities in the United ArabEmirates (UAE), Dubai’s diamond leadership warned on Monday.“The possible cost implications of a VAT introduction forUAE traders are huge,”...
Polished Markets Oct 17, 2017 Avi Krawitz
Dubai
Dubai Conference Set for October
The Dubai Diamond Exchange (DDE) will host its biennialdiamond conference on October 16 and 17 this year, and expects to attractfigures from across the industry.The Dubai Diamond Conference 2017, which focuses on thetheme of “shaping the...
Polished Markets Jul 05, 2017 Rapaport News
Alrosa rough sorting
Global Rough Trading Jumps in 2016
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...
Rough Markets Jul 05, 2017 Rapaport News
Dubai
Alrosa in Talks to Raise Dubai Rough Sales
Alrosa has agreed to work more closely with Dubai to expandthe Russian miner’s business in the emirate’s trading center.Recently appointed Alrosa president Sergey Ivanov and AhmedBin Sulayem, executive chairman of the Dubai Multi Commodities...
Rough Markets Jun 14, 2017 Rapaport News
Antwerp
Export Data Shows Bleak April for Antwerp
Belgium’s polished diamond exports slowed in April, dentedby a drop in shipments to Hong Kong and the US.Polished exports fell 13% year on year to $779.4 million,according to figures the Antwerp World Diamond Centre (AWDC) released this...
Polished Markets May 10, 2017 Rapaport News
Antwerp
Global Weakness Hits Antwerp Diamond Trade
Belgium’s polished diamond trade slumped last year due to an economic slowdown in India and China, the Antwerp World Diamond Centre(AWDC) reported.Polished exports slid 10 percent to $11.8 billion, whileimports fell by the same margin to $11.39...
Polished Markets Feb 01, 2017 Rapaport News
Ahmed Bin Sulayem KP plenary November 2016
KP Approves Plan for UN Secretariat
Attendees at the Kimberley Process (KP) plenary in Dubaivoted in favor of a proposal to set up a United Nations-mandated permanentsecretariat to oversee the return of excluded countries to the diamond trade.More than 300 delegates also gave the go-ahead to KP chairAhmed Bin...
Fair Trade Nov 17, 2016 Rapaport News
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