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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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Jan 17, 2021
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Rapaport News
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Were Diamond Companies Worth the Investment?
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What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
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Research
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Jan 14, 2021
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Avi Krawitz
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Alrosa December Sales Highest Since 2018
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Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
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Rough Markets
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Jan 13, 2021
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Rapaport News
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Alrosa Receives Option to Sell to Gokhran
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Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the...
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Rough Markets
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Jan 13, 2021
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Joshua Freedman
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Antwerp, Dubai Upbeat on Rough-Tender Market
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The largest rough-trading centers face a busy January as adaptations have enabled them to continue holding sales events during the pandemic. Antwerp and Dubai will host 14 rough tenders between them this month, after...
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Rough Markets
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Jan 12, 2021
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Rapaport News
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Alrosa Joins Shanghai Bourse to Up China Presence
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Alrosa’s Hong Kong operation has become a member of the Shanghai Diamond Exchange (SDE) in an effort to increase opportunities for direct rough and polished trading in mainland China.The move will also strengthen ties between Alrosa...
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Mining
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Dec 30, 2020
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Rapaport News
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The Most Buzzworthy Diamonds of 2020
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Amid a challenging year for the industry, diamonds proved the coronavirus pandemic couldn’t dampen their appeal. Several stones made headlines, set records, exceeded expectations, or simply showed their sellers the money. Most...
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Polished Markets
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Dec 30, 2020
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Leah Meirovich
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Online Innovation Propels 2020 Auction Sales
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While many would consider 2020 one of the most challenging years the industry has faced, auction sales told a different story, as successful digital offerings changed the road map for how customers bought...
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Polished Markets
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Dec 28, 2020
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Rapaport News
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Top Miners Release Dates of 2021 Rough Sales
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De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.De Beers will continue its format of holding 10 sights...
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Rough Markets
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Dec 28, 2020
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Rapaport News
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Alrosa Sales Continue to Grow
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Alrosa’s diamond sales rose in November to their highest level since January as customers continued to replenish their rough inventories ahead of the holidays.Revenue from rough and polished goods jumped 36% year on year to $390.5 million,...
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Rough Markets
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Dec 10, 2020
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Rapaport News
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Podcast: Human Rights, Diamonds and Covid-19
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The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
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Fair Trade
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Dec 10, 2020
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Avi Krawitz
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De Beers Aims for Full Traceability by 2030
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De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
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Retail
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Nov 30, 2020
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Rapaport News
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Alrosa Gives Cautious 2021 Production Outlook
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Alrosa expects to maintain production at its current low levels next year, aiming to reduce inventories that built up during the pandemic.The Russian miner is discussing a production plan of 28 million to 30 million carats for 2021, which the...
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Mining
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Nov 12, 2020
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Joshua Freedman
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$27M Pink Diamond Sets Record at Sotheby’s
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Alrosa’s Spirit of the Rose has achieved the highest price for any purple-pink diamond, selling to an anonymous bidder for nearly $27 million at Sotheby’s Geneva.The oval modified brilliant-cut, 14.83-carat, fancy-vivid-purple-pink, internally flawless, type...
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Polished Markets
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Nov 12, 2020
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Rapaport News
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Alrosa Sales Continue Upward Trend
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Alrosa’s sales exceeded 2019 levels for the third consecutive month in October as the diamond market improved ahead of the holidays.The Russian miner saw sales of $310 million for the month, it said Tuesday — 17%...
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Rough Markets
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Nov 10, 2020
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Rapaport News
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De Beers Delays New Sightholder Contract
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De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
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Rough Markets
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Oct 26, 2020
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Joshua Freedman
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Preparing for a Holiday Season Like No Other
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Rapaport’s quarterly Diamond Trends Webinar outlined the key developments the trade should look out for during the holiday season and 2021.The webinar, presented last week by Rapaport Senior Analyst Avi Krawitz,...
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Polished Markets
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Oct 26, 2020
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Rapaport News
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Alrosa Extends Supply Contract to March 2021
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Alrosa has delayed its new supply contract for rough buyers until early next year due to uncertainty in the diamond industry, the Russian miner said Friday.The current market environment has made it hard...
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Rough Markets
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Oct 25, 2020
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Rapaport News
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India Rushes to Meet US Holiday Demand
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Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
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Manufacturing
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Oct 22, 2020
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Joshua Freedman
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Alrosa Upbeat as Diamond Sentiment Improves
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Alrosa gave a positive assessment of the diamond market ahead of the holidays after rough and polished trading picked up in the third quarter.The Russian company’s rough-diamond sales climbed to $552.9 million during the three months...
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Mining
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Oct 18, 2020
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Rapaport News
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