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Coronavirus Updates: Impact on the Diamond Trade
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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...
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Polished Markets
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Jul 13, 2020
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Rapaport News
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Alrosa Monthly Sales Plummet Again
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Alrosa’s diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying rough allocations.“For the third time in a row, we offered our long-term customers unprecedentedly flexible sales conditions, including...
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Rough Markets
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Jul 12, 2020
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Rapaport News
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Alrosa Delays July Sale to Later in Month
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Alrosa has pushed its July contract sale to the end of the month in response to requests from clients who had expressed interest in making purchases, the Russian miner said Thursday.The trading session, previously scheduled...
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Rough Markets
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Jul 09, 2020
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Rapaport News
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Industry Leaders to Offer Insights in Virtual Session
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Diamonds Do Good will host a virtual gathering in which key leaders from the diamond and retail sectors will offer insights and perspectives on the future of the natural-diamond industry.“The world has undergone a seismic change...
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Polished Markets
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Jul 08, 2020
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Rapaport News
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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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29ct. Diamond Sets Online Record at Christie’s
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Christie’s brought in more than $4 million at its latest digital sale, with a 29-carat diamond earning the highest online price ever for a jewel.The emerald-cut, 28.86-carat, D-color, VVS1-clarity, type IIa diamond ring garnered $2.1...
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Polished Markets
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Jul 01, 2020
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Rapaport News
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Alrosa Mine Restarts Following Virus Closure
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Alrosa has resumed operations at its International underground mine following a brief suspension after several employees tested positive for Covid-19.Management at the Russian miner’s Mirny mining and processing division, which oversees the site,...
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Mining
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Jun 30, 2020
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Rapaport News
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Buyers Snub De Beers and Alrosa over High Prices
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De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.“[The major miners] want to hold on to prices, so people don’t see any...
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Rough Markets
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Jun 29, 2020
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Joshua Freedman
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Virus Cases Force Shutdown at Alrosa Mine
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Alrosa has suspended operations at its International underground mine for up to two weeks after “several” employees tested positive for coronavirus.The Russian miner will only carry out work to ensure the safety and maintenance...
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Mining
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Jun 25, 2020
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Rapaport News
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Alrosa Diamond Revenue Plunges in May
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Alrosa’s diamond sales plummeted 85% to $40.1 million in May as the miner allowed customers to defer purchases.Rough sales slumped 86% year on year to $36.2 million, while polished revenues fell 22% to $3.9 million, the Russian...
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Mining
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Jun 10, 2020
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Rapaport News
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Christie’s to Sell Anna Hu Jewels to Fight Covid-19
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Christie’s will auction a special collection of jewelry by designer Anna Hu, with the proceeds going to support healthcare workers fighting against the coronavirus pandemic.The sale of the three pieces will benefit Diamonds That Care,...
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Polished Markets
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Jun 10, 2020
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Rapaport News
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Angola Plans Trading Hub to Support Sales
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Angola plans to create a diamond hub and exchange to help streamline sales and marketing of the rough the country produces.The hub will include an Angolan Diamond Bourse (ADB), a gemological academy and a technological research center....
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Rough Markets
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Jun 09, 2020
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Rapaport News
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Alrosa Expects Demand to Revive by August
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Alrosa believes rough-diamond demand could rebound by July or August, as the impact of the Covid-19 pandemic eases in some regions.“Today, we see diamond-jewelry sales bouncing back in China and other Asian markets, which is expected to drive diamond...
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Mining
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Jun 07, 2020
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Rapaport News
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Alrosa Sees Demand for Rough at Digital Sale
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Alrosa sold 102 large rough diamonds at its latest digital tender, noting that there was still demand for its goods despite the coronavirus crisis.“The results of the digital tender’s first round show...
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Rough Markets
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Jun 03, 2020
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Rapaport News
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Diamond Markets Return Cautiously
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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...
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Polished Markets
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Jun 02, 2020
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Rapaport
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DPA Relaunches as the Natural Diamond Council
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The Diamond Producers Association (DPA) has unveiled a new name and strategy it hopes will resonate with younger consumers and position it as a leading digital publisher of information about diamonds.The category-marketing organization is now the Natural...
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Marketing
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Jun 01, 2020
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Rapaport News
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Alrosa Allows Deferrals at Third Consecutive Sale
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Alrosa has continued its policy of enabling customers to hold off buying its rough diamonds until later in the year, aiming to avoid flooding the market with goods.The flexibility will be in place at the upcoming June...
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Rough Markets
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May 31, 2020
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Rapaport News
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Alrosa Cuts 2020 Production Plan
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Alrosa is set for its lowest annual rough-diamond production in at least a decade, after the Russian miner reduced its outlook by up to 6 million carats due to the weak market.The company now expects to produce 28 million to 31 million carats...
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Mining
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May 24, 2020
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Rapaport News
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RJC Elects New Board Members
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The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior...
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Polished Markets
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May 24, 2020
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Rapaport News
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DPA to Rebrand, Abandon ‘Real Is Rare’
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The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.Starting June 1, the marketing group will unveil a fresh...
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Marketing
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May 19, 2020
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Joshua Freedman
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