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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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KP Wants Industry to Fund Civil Society Attendance
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Diamond industry members participating in Kimberley Process(KP) activities will be required to pay twice so that a non-profit group canalso attend, under plans put forward by the KP chair.Anyone from the trade attending a review visit, mission ormeeting...
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Fair Trade
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Oct 26, 2016
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Rapaport News
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CAR Set to Increase Diamond Exports
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The Kimberley Process (KP) declared three new ‘compliantzones’ in the Central African Republic, meaning diamond exports from thoseregions can resume after a suspension of more than two years.The KP’s monitoring team approved shipments...
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Retail
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Sep 27, 2016
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Rapaport News
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KP Mulls Using Tech to Eradicate Conflict Diamonds
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The United Arab Emirates-based chair of the KimberleyProcess (KP) has proposed using ‘blockchain’ technology to enhance security andprevent conflict diamonds from entering the market.Blockchain is a list of transactions that take place in apeer-to-peer network. It enables...
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Technology
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Aug 22, 2016
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Rapaport News
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KP and Civil Society Lock Horns Over Boycott
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The Kimberley Process (KP) Civil Society Coalition hit backagainst comments by the KP chair criticizing the non-profit alliance for notengaging with the organization. The association last year boycotted the KP when the United...
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Fair Trade
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Jun 09, 2016
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Rapaport News
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Kimberley Process Study Aims to Standardize Rough Pricing
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The United Arab Emirates-based chair of the KimberleyProcess (KP) is consulting with key industry players over potentially devisingthe first set of global standards for pricing of rough diamonds.Ahmed BinSulayem, the 2016 chair of the KP and...
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Rough Markets
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Mar 28, 2016
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Rapaport News
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Fair Trade
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Feb 16, 2016
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Rapaport News
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Fair Trade
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Dec 29, 2015
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Rapaport News
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Ahmed Bin Sulayem Appointed UAE’s Kimberley Process Chair
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TheUnited Arab Emirates’ (UAE) Ministry of Economy has appointed Ahmed Bin Sulayem, chairman of the Dubai Multi Commodities Centre, as the country’schair of the Kimberley Process (KP) for 2016.Sulayem willbe responsible for official duties...
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Fair Trade
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Dec 22, 2015
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Rapaport News
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