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Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Jun 03, 2020 Rapaport News
Polished diamonds
Diamond Markets Return Cautiously
RAPAPORT PRESS RELEASE, June 2, 2020, Las Vegas… Diamond trading is starting to regain traction in Hong Kong with some demand from China. Hong Kong is mostly open for business, but concerns are mounting about...
Polished Markets Jun 02, 2020 Rapaport
Podcast Banner episode 26
Podcast: Time for Subtle, Discreet Brand Marketing
As difficult as the Covid-19 lockdown period has been, Sally Morrison, director of public relations at De Beers’ consumer and brands division, sees opportunity for the diamond industry moving forward. In the first episode of the Rapaport...
Marketing Jun 01, 2020 Rapaport News
RRR Intro
A Time to Heal
The Covid-19 crisis is presenting an opportunity for the market to restart, refresh, and build on its experience of dealing with the diamond-trade slowdown of the past few years. In these unprecedented times, it would be foolish to make predictions...
Polished Markets May 27, 2020 Avi Krawitz
Staying Relevant in the Coronavirus Era
Staying Relevant in the Coronavirus Era
During lockdown, there comes a time when one simply doesn’t want to be told anymore that we’re in this together — “even though we may be apart.”While plunging further down that YouTube rabbit hole, as we all often have...
Marketing May 14, 2020 Avi Krawitz
Podcast: Is the Diamond Trade Prepared for Change?
Is the Diamond Trade Prepared for Change?
As diamond markets start to return, the Rapaport News team discusses prospects for the industry in the latest episode of the Rapaport Diamond Podcast. We discuss the extent to which things have fundamentally changed in the past...
Polished Markets May 14, 2020 Rapaport News
Lightbox Oregon Plant
Lightbox Delays New Production Plant to 2021
Lightbox, De Beers’ lab-grown diamond jewelry brand, has delayed commissioning its new facility in Portland, Oregon, by a few months due to the COVID-19 pandemic.“The building itself and plant infrastructure [are] already complete, and we are...
Manufacturing May 07, 2020 Avi Krawitz
Polished Diamonds
Diamond Markets Reflect Uncertain Outlook
RAPAPORT PRESS RELEASE, May 5, 2020, Las Vegas… Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The...
Polished Markets May 05, 2020 Rapaport
Dominion
Dominion Asks for More Time to Repay Debts
Dominion Diamond Mines has requested an extension to the insolvency protection it was awarded last week, stating that it needs more time to restructure its finances or find new investment.The miner asked the Alberta Court of the...
Mining Apr 28, 2020 Rapaport News
Rapaport Research Report April Cover
Rough Market Faces Its Toughest Year Yet
As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium...
Rough Markets Apr 28, 2020 Avi Krawitz
De Beers Podcast
Podcast: How the Pandemic Is Changing De Beers
The diamond industry will need to tweak its messaging to emphasize the values its product and brands represent, De Beers executives stressed in the Rapaport Diamond Podcast. Rapaport Senior Analyst Avi Krawitz spoke with...
Marketing Apr 27, 2020 Rapaport News
Engagement ring proposal
An Opportunity to Strengthen Connections
A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before...
Polished Markets Apr 07, 2020 Avi Krawitz
Rough and Polished
Diamond Prices Slide in March as COVID-19 Spreads
RAPAPORT PRESS RELEASE, April 7, 2020, Las Vegas…Diamond prices fell in March as the spreading coronavirus led to a dramatic decline in the global economy. Diamond markets are under pressure and facing a severe liquidity crisis as jewelry...
Polished Markets Apr 07, 2020 Rapaport
Ernie Blom
WFDB to Fund Get Diamonds Trading Platform
The World Federation of Diamond Bourses (WFDB) has adopted Get Diamonds as its official trading platform, the organization’s president Ernie Blom told Rapaport News. The WFDB’s executive committee agreed in a Zoom meeting on Sunday...
Polished Markets Apr 06, 2020 Avi Krawitz
Diamond Grading
Sarine Ushers In Era of In-Factory Grading
Sarine Technologies has launched a new platform enabling manufacturers to tap its automated grading systems and issue a report in-house to support the needs of jewelers.The company this week introduced its eGrading innovation via a video...
Technology Mar 12, 2020 Avi Krawitz
Podcast: Big Data is Going Drive Rough Sales
Podcast: How Alrosa Is Using Data to Drive Sales
It may surprise many, but the diamond industry has emerged as quite tech-savvy in the past few years, says Alexey Tikhonov, Alrosa’s head of projects for strategy and analytics.Rapaport Senior Analyst Avi Krawitz spoke...
Rough Markets Mar 09, 2020 Rapaport News
Press Release
Polished Prices Slide Amid Coronavirus Fears
RAPAPORT PRESS RELEASE, March 3, 2020, Las Vegas… Diamond trading declined sharply in February due to economic uncertainty surrounding the coronavirus. Manufacturers and dealers are facing a severe liquidity crunch as sales to China and Hong...
Polished Markets Mar 03, 2020 Rapaport
Podcast
Podcast: How Big a Threat Is the Coronavirus?
With the coronavirus dominating headlines since late January, the Rapaport Diamond Podcast looks at its potential impact on the diamond and jewelry market. In addition, Rapaport Senior Analyst Avi Krawitz sums up the mood...
Polished Markets Feb 20, 2020 Rapaport News
Gold Demand
Gold Demand Lifts Mood at India Jewelry Show
Exhibitors at IIJS Signature in Mumbai expressed confidence India’s wedding tradition and enduring love of gold would help the nation’s jewelry industry overcome its current difficulties.Economic uncertainty, high gold prices, tight regulation and...
Polished Markets Feb 17, 2020 Joshua Freedman
Panel
Panel Highlights Traceability Opportunity
The trend of adopting diamond traceability measures is gaining traction, according to participants in a panel discussion at Israel’s International Diamond Week.The panel, moderated by Rapaport Senior Analyst Avi Krawitz, explored how various businesses across the supply...
Polished Markets Feb 13, 2020 Rapaport News
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