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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
petra mine 150
Petra Mulls June Tender After Rough-Price Slump
Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May sale.Prices fell 27% in March and April compared with February as the Covid-19 pandemic reduced business activity...
Mining May 31, 2020 Rapaport News
he Israel Diamond Exchange trading floor during In
Israel Bourse Trading Floor to Reopen May 24
The trading floor at the Israel Diamond Exchange (IDE) will resume “regular activities” next week, bourse president Yoram Dvash announced in a Facebook post Sunday.From May 24, the hall will function under a new...
Polished Markets May 17, 2020 Rapaport News
Ernie Blom
Ernie Blom Wins Legal Case Against WFDB
An Antwerp court has prohibited the World Federation of Diamond Bourses (WFDB) from publicly blacklisting former president Ernie Blom over a payment dispute in Dubai.Blom had sought an injunction to prevent the organization from complying with...
Financial-Legal May 17, 2020 Rapaport News
India Bharat Diamond Bourse
Exports Restart at India’s Bharat Diamond Bourse
Mumbai has dispatched its first diamond exports since India’s lockdown started, after the regional government allowed limited activities to resume at the city’s Bharat Diamond Bourse (BDB).The first shipments took place on Tuesday,...
Polished Markets May 14, 2020 Joshua Freedman
Antwerp Diamond Bourse.
Antwerp Trade Suffers Its Worst Month Ever
Belgium’s diamond trade fell to its lowest level on record in April as US orders dried up and the shutdown of the aviation industry made transporting goods almost impossible.Total diamond shipments in and out of Belgium slumped 89% year...
Polished Markets May 13, 2020 Joshua Freedman
Israel bourse district
Israel Bourse Resumes Certain Services
The Israel Diamond Exchange (IDE) has become the latest bourse to revive operations, as trading centers around the world slowly return to action following lockdowns.Facilities including banks, the post office, customs, the diamond...
Polished Markets May 06, 2020 Rapaport News
AWDC
Antwerp Trading Floors to Reopen May 11
Antwerp’s four diamond-trading halls will reopen next week as Belgium gradually relaxes its restrictions on movement and social interaction.The government permitted diamond companies to restart operations on Monday, though many employees will work from...
Polished Markets May 04, 2020 Joshua Freedman
Diamond manufacturing in Antwerp
Belgian Exports Slump as COVID-19 Hits US
Belgium’s polished-diamond exports dropped 51% to $513.7 million in March, reflecting the impact of the coronavirus on global shipments.Exports to the US fell 47% to $152.9 million, according to data from the Antwerp World Diamond Centre, as the pandemic...
Polished Markets Apr 28, 2020 Rapaport News
Petra Cullinan mine plant
Rough Prices Slide 24% at Petra Tender
Rough prices slumped at Petra Diamonds’ March tenders in South Africa and Antwerp as the severe slowdown in the market virtually wiped out demand.Goods from Petra’s South Africa mines sold for 24% less than...
Mining Mar 29, 2020 Rapaport News
Polished diamond
Belgium, Israel to Hold Online Diamond Fair
Belgian and Israeli industry organizations are jointly organizing a virtual trade show to compensate for the cancellation of major exhibitions around the world.The Online Diamond Trade Fair will run from March 30 to April 3, the...
Polished Markets Mar 18, 2020 Rapaport News
AWDC building Antwerp
Belgium, Israel Shut Diamond Trading Halls
All diamond trading halls in Belgium and Israel are closing until further notice as the countries attempt to stem the spread of the coronavirus.Antwerp’s four bourses will shut their trading floors from Monday, the...
Polished Markets Mar 15, 2020 Rapaport News
Antwerp diamond processing
Belgium’s Polished Exports Slump 55%
Belgium’s polished-diamond exports dropped 55% to $560 million in February, reflecting a slowdown in the market due to the coronavirus. However, rough imports grew, continuing a trend that began in January, data from the Antwerp World Diamond...
Polished Markets Mar 08, 2020 Rapaport News
Alrosa diamond sorting
Alrosa to Maintain Supply Flexibility
Alrosa has pledged to remain flexible with its supply policy during the current industry downturn, as the coronavirus has left clients unsure how much rough to buy.“The virus has triggered uncertainty, and our...
Rough Markets Mar 08, 2020 Rapaport News
Ellen Joncheere HRD Antwerp
HRD Antwerp Not for Sale (for Now)
The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead embark on a turnaround strategy for the laboratory.“The [AWDC] board of directors and standing committee decided not to sell...
Polished Markets Feb 23, 2020 Joshua Freedman
HRD Antwerp Hatton Garden
Peter Meeus Bids Again for HRD Antwerp
Former HRD Antwerp chief Peter Meeus has made a second offer to buy the Belgian laboratory, after its owners rejected his initial proposal.“I’m going straight to the Hoveniersstraat 22 to [deposit] my new bid,” Meeus said...
Polished Markets Feb 19, 2020 Joshua Freedman
AGD
Grib Diamonds Taps New Rough Source
Grib Diamonds has started buying rough in Angola, as a new company structure has enabled it to diversify beyond its one mine in Russia.The Antwerp-based company, which markets most of the Grib deposit’s diamonds, is looking to source goods...
Rough Markets Feb 09, 2020 Joshua Freedman
Alrosa rough diamonds
Russian Bank Offers Credit to Alrosa Client
Russia’s Eximbank has started offering credit to rough-diamond buyers through a loan deal with an Antwerp-based Alrosa client, the miner said.The state-owned lender has agreed to finance purchases for manufacturer and trader Dali Diamond...
Financial-Legal Feb 03, 2020 Rapaport News
Antwerp
Belgium Shipments Hit 10-Year Low
Belgium’s diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since...
Polished Markets Jan 16, 2020 Rapaport News
Sewelo diamond
Louis Vuitton Buys 1,758ct. Diamond from Lucara
Lucara Diamond Corp. has sold Botswana’s largest diamond to Louis Vuitton in a rare move that will see the fashion house partner with an Antwerp manufacturer to polish the stone.The mining company will receive an up-front...
Rough Markets Jan 16, 2020 Rapaport News
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