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Antwerp, Dubai Upbeat on Rough-Tender Market
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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...
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Rough Markets
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Jan 12, 2021
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Rapaport News
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Stargems Rough Sale Sets Dubai Record
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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,...
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Rough Markets
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Dec 21, 2020
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Joshua Freedman
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Diamond Foundry Opens Dubai Sales Office
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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...
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Polished Markets
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Dec 07, 2020
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Rapaport News
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Israel, Bahrain Bourses Sign Agreement
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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...
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Polished Markets
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Dec 03, 2020
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Rapaport News
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Rough Demand Strong at Trans Atlantic Tender
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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...
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Rough Markets
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Nov 29, 2020
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Rapaport News
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Israel’s Sarine to Open Dubai Service Center
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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...
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Technology
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Nov 05, 2020
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Rapaport News
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Israel, Dubai Diamond Sectors Sign Trade Deal
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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...
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Polished Markets
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Sep 17, 2020
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Rapaport News
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Dubai and Israel Open Markets
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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...
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Polished Markets
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Aug 20, 2020
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Rapaport
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Diamonds Light Up World’s Tallest Building
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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...
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Polished Markets
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Aug 02, 2020
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Rapaport News
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Belgian Exports Slump as COVID-19 Hits US
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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...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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CAR Appoints Peter Meeus as Adviser
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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,...
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Rough Markets
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Jun 14, 2018
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Rapaport News
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Angola Eyes Antwerp as Ally in Diamond Reforms
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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...
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Rough Markets
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Jun 14, 2018
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Joshua Freedman
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What We Know About Nirav Modi’s US Companies
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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...
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Financial-Legal
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Mar 07, 2018
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Joshua Freedman
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Dubai Trade Warns Against Diamond Tax
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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,”...
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Polished Markets
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Oct 17, 2017
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Avi Krawitz
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Dubai Conference Set for October
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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...
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Polished Markets
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Jul 05, 2017
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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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Alrosa in Talks to Raise Dubai Rough Sales
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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...
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Rough Markets
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Jun 14, 2017
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Rapaport News
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Export Data Shows Bleak April for Antwerp
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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...
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Polished Markets
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May 10, 2017
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Rapaport News
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Global Weakness Hits Antwerp Diamond Trade
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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...
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Polished Markets
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Feb 01, 2017
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Rapaport News
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KP Approves Plan for UN Secretariat
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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...
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Fair Trade
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Nov 17, 2016
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Rapaport News
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