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Diamond Price Index Firms Amid Slow Trade
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RAPAPORT PRESS RELEASE, July 7, 2020, Las Vegas… The global diamond market was uncertain in June due to the resurgence of Covid-19 and geopolitical tensions. Polished prices firmed for select goods. The RapNet Diamond...
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Polished Markets
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Jul 07, 2020
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Rapaport
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Rapaport Publishes Diamond Price Statistics Review
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RAPAPORT PRESS RELEASE, January 14, 2020, New York… The Rapaport Group has released its Diamond Price Statistics Annual Report for 2019, evaluating the performance of polished-diamond prices. The report provides an in-depth...
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Polished Markets
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Jan 14, 2020
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Rapaport
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De Beers Lets Clients Delay Rough Purchases
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De Beers loosened its purchasing requirements for roughbuyers at last week’s sight in an effort to ease the oversupply affecting the diamond market.Sightholders have struggled to reduce their inventories due to an imbalance of stocks and weak polished demand....
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Mining
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Jul 28, 2019
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Joshua Freedman
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Stornoway Prices Continue to Fall
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Rough prices slumped for Stornoway Diamond Corporation inthe second quarter, as market weakness dented demand for the miner’s range ofgoods. The average price of the company’s sales slid 18% to $76 percarat in the...
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Mining
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Jul 11, 2019
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Rapaport News
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Rough Prices Set for Slump – Analyst
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Rough-diamond prices are likely to fall 5% this year asweakness in the industry continues, Panmure Gordon analyst Kieron Hodgson haspredicted. The investment bank has lowered its expectations for themarket, having previously forecast price...
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Rough Markets
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Jul 08, 2019
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Rapaport News
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Why the Market for Large Diamonds Is in Free Fall
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As the who’s who in the glitzy world of high-valuediamond auctions gathered in Geneva in May, there was an understated tone tothis year’s pilgrimage to the Swiss city. While Sotheby’s and Christie’s playedup their offerings of magnificent jewels,...
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Polished Markets
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Jul 02, 2019
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Joshua Freedman
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Midstream Struggling as Diamond Prices Soften
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RAPAPORT PRESS RELEASE, June 5, 2019, LasVegas … Diamond markets are under pressure as profit margins have tightenedand the trade war with China has fueleduncertainty. US jewelry sales arerobust, but the midstream is not profitableenough...
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Polished Markets
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Jun 05, 2019
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Rapaport
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Analysts Expect Flat Rough Prices in 2019
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Rough-diamond prices will remain sluggish this year as themarket challenges that arose in the second half of last year are set to continue,two investment banks have warned.Prices are likely to drop 1% to 2% in the first half of2019,...
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Rough Markets
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Mar 28, 2019
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Rapaport News
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Basel to Drop Prices by up to 30%
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Baselworld will reduce booth prices by 10% to 30% at next year’sshow and move diamond dealers to a more attractive location, organizers have confirmed. Management will reopen Hall 2, which was empty at the 2019show, and place...
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Polished Markets
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Mar 27, 2019
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Rapaport News
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De Beers Sales Slump Amid Market Weakness
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De Beers’ rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold...
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Rough Markets
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Jan 29, 2019
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Joshua Freedman
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Lucapa Predicts Premium from Angola Reforms
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Angola is set to host its first diamond sale under newrules designed to improve transparency and prices.Sodiam, a state-owned diamond-marketing company, will this month offerseven large stones from Lucapa Diamond Company’s Lulo mine, including...
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Rough Markets
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Jan 14, 2019
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Joshua Freedman
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Diamond Foundry Hikes Output, Prices
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Diamond Foundry is increasing its production more than tenfoldand raising wholesale prices 15%, as it predicts an uptick in demand forlab-grown diamonds. The company believes there is a shortage ofsynthetic-diamond supply while consumer interest in the product is rising....
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Polished Markets
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Jan 09, 2019
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Joshua Freedman
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De Beers Cuts Prices of Cheaper Rough
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De Beers significantly reduced prices of lower-quality rough diamonds at this week’s sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The...
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Rough Markets
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Nov 13, 2018
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Joshua Freedman
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Prices Rise for Pink and Blue Diamonds
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Pink and blue fancy-color diamonds saw price increases inthe third quarter, while yellows dipped, according to the Fancy Color ResearchFoundation (FCRF).The organization’s Fancy Color Diamond Index for pinks grew0.4% versus the...
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Polished Markets
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Nov 01, 2018
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Rapaport News
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De Beers Raises Rough Prices Again
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De Beers sold $550 million worth of goods at its May salescycle as strong consumer demand boosted the rough-diamond market.The miner raised prices for the third consecutive sight amidthe strong demand, with the emphasis...
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Rough Markets
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May 22, 2018
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Joshua Freedman
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Blue Diamond Scarcity Drives Price Rise
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Blue diamond prices climbed in the third quarter due tolower supply, according to the Fancy Color Research Foundation (FCRF).The price of fancy blue diamonds grew 4.7% year on year in the three months ending September...
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Retail
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Nov 07, 2017
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Rapaport News
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Diamond Prices Slide in August
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RAPAPORT PRESS RELEASE, September 5, 2017, New York… Diamondprices remained under pressure with slow trading during the August vacationperiod. Liquidity and profitability tightened duringthe summer, but suppliers are optimistic that trading...
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Polished Markets
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Sep 05, 2017
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Rapaport
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Blue Tops Fancy-Color Market
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Prices of fancy blue diamonds performed better in the secondquarter than the entire fancy-color market combined, as supply shortages andsolid Asian demand kept prices stable, the Fancy Color Research Foundation(FCRF) said Monday.The FCRF’s...
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Polished Markets
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Aug 07, 2017
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Rapaport News
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Gahcho Kué Prices Lower than Expected
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Mountain Province’s share of production from the new GahchoKué diamond mine in Canada amounted to 424,830 carats in the first quarter,though the company reported lower sale prices than anticipated.The Toronto-based miner held three sales...
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Mining
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Apr 26, 2017
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Rapaport News
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U.S. Jewelry Sales Rise Amid Higher Prices
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U.S. jewelry sales increased last year while prices also climbed,government data showed. Sales grew 4.8 percent to $71.44 billion in 2016, data fromthe Bureau of Economic Analysis showed. Watch sales jumped 5.3 percent...
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Retail
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Jan 31, 2017
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Rapaport News
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