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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
Marketing
Opinion: An Urgent Call to Invest in Marketing
The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.Recent challenges have...
Marketing Sep 09, 2019 Shashin Choksi & Siddharth Choksi
Jewelry Vendors
Trade Bodies Relaunch Cost of Business Survey
Jewelers of America (JA) has partnered with the Jewelers Board of Trade (JBT) to launch the Retail Jewelers Benchmarking Study, replacing the JA’s Cost of Doing Business Survey last published in 2015. The resulting report...
Retail Sep 05, 2019 Rapaport News
Jim Duffy
Tracr Aiming to Be More Than a Blockchain
As a tech guy, Jim Duffy spends much of his time on the road explaining technical terms in a way laymen can understand. He has his work cut out for him as CEO of Tracr, De Beers’ blockchain project — especially...
Polished Markets Sep 04, 2019 Avi Krawitz
Shanghai Skyline
China Slowdown Weighing on Diamond Prices
RAPAPORT PRESS RELEASE, September 3, 2019, Las Vegas … Diamond markets were quiet in August, with dealers taking their summer vacations amid uncertainty about the important Hong Kong Jewellery & Gem Fair. Demand...
Polished Markets Sep 03, 2019 Rapaport
Podcast
Podcast: Oversupply, Tariffs and Silver Linings
As trade members return from their summer vacations, the Rapaport editorial team outlines the industry’s prospects for the rest of the year. It’s volatile out there with all the talk of recession, rumblings...
Polished Markets Aug 22, 2019 Rapaport News
IIJS
Trade War Sparks Opportunity for Indian Jewelers
India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government announced a hike on import duties from China. There’s a changing world order and India is well placed to capitalize...
Retail Aug 13, 2019 Avi Krawitz
Imports
How Trump’s Tariffs Could Affect the Trade
Long before the threat of tariffs on Chinese goods loomed large,brick-and-mortar retailers in the US were facing challenges. So far this year,US retailers have announced plans to shut down over 7,000 stores after almost6,000 closed in 2018,...
Financial-Legal Aug 11, 2019 Lara Ewen
HSBC
HSBC to Pay $330M in Antwerp Fraud Settlement
A Swiss unit of HSBC has agreed to pay a record EUR 294.4 million ($330 million) to settle fraud claims against its Belgian business, which mainly served members of the Antwerp diamond trade.In 2014, a Belgian judge...
Financial-Legal Aug 07, 2019 Joshua Freedman
Diamonds at Tenders
Let’s Set Our Sights on the Auctions
De Beers’ first-half earnings highlighted the many challenges facing the diamond trade. But beyond the sharp declines the mining company suffered, CEO Bruce Cleaver and chief financial officer Nimesh Patel were...
Rough Markets Aug 07, 2019 Avi Krawitz
De Beers
Diamond Trading Quiet Amid Tight Profits
RAPAPORT PRESS RELEASE, August 6, 2019, Las Vegas … Diamond-market sentiment was weak in July due to tight profits and liquidity. The pressures facing cutters and dealers resulted from high rough supply at inflated prices...
Polished Markets Aug 06, 2019 Rapaport
Alrosa
Alrosa Nets Fish-Shaped Diamond
Alrosa’s knack for recovering unusually shaped diamonds hasscaled new heights with the discovery of a rough stone resembling a fish.“In the photo, you see a very rare specimen: a rough-diamondcrystal which pretends to be a fish,” the Russian...
Mining Aug 01, 2019 Rapaport News
Tongo
Newfield Secures Funds for Sierra Leone Mine
Newfield Resources will start construction at the Tongo mine in Sierra Leone in the coming weeks, after its board approved final funding for the project. The first diamond production from the mine is expected...
Mining Jul 30, 2019 Rapaport News
Dubai Tender
Dubai Upgrading Diamond-Tender Center
The Dubai Diamond Exchange (DDE) will soon unveil its renovated center for rough and polished diamond tenders, the bourse reported Saturday. “The DDE is currently under renovation,” the exchange said. “Once...
Polished Markets Jul 29, 2019 Rapaport News
Firestone
Small-Stone Slump Hits Firestone Revenue
Firestone Diamonds saw a decline in sales during its fiscal fourth quarter due to a drop in demand for small, lower-value diamonds that make up the bulk of its supply. The company reported sales of $12.7 million for...
Mining Jul 29, 2019 Rapaport News
Shanghai
Israel, Shanghai Bourses Strengthen Cooperation
Members of the Israel and Shanghai diamond exchanges are set to sign a cooperation agreement during the inaugural Israel Diamond Week that opens in the Chinese city on Tuesday.The three-day event marks the first time...
Polished Markets Jul 15, 2019 Rapaport News
Forevermark
Forevermark Unveils New Bridal Campaign
Cue the sentimental music and emotive narration, Forevermark has launched a marketing campaign for its first bridal collection. The campaign, titled “I Take You, Until Forever,” aims to depict the ups and downs...
Retail Jul 11, 2019 Rapaport News
IIDGR
Will Gemologists Survive Automation?
Amid the tech boom that is shaping the diamond industry, a growing number of companies are challenging the grading laboratories, arguing that assessing the 4Cs should not be a subjective science.“Five to 10 years from now, diamond...
Technology Jul 10, 2019 Avi Krawitz
Gold
India Hikes Import Tax on Precious Metals
India’s Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in furtherjob losses.The council...
Financial-Legal Jul 07, 2019 Rapaport News
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