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Podcast: Trends Shaping the Industry
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With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
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Retail
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Dec 12, 2019
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Rapaport News
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Can Nanotechnology Save the Diamond Trade?
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It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
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Technology
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Dec 09, 2019
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Avi Krawitz
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GIA to Shut Down Dubai Branch
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The Gemological Institute of America (GIA) will close its Dubai office by the end of the year, ending a decade-long presence in the city. The organization has offered education programs, including its Graduate Diamonds course...
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Polished Markets
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Dec 04, 2019
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Rapaport News
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Diamond Market More Optimistic
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RAPAPORT PRESS RELEASE, December 3, 2019, Las Vegas … Sentiment in the diamond industry improved amid rising expectations for the holiday season. A rallying stock market fueled optimism as the Dow average climbed 3% in November, and...
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Polished Markets
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Dec 03, 2019
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Rapaport
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The Curious Case of Fluorescence
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The diamond industry has a complicated relationship with fluorescence.Historically, both the trade and consumers saw value in a diamond that fluoresced under ultraviolet light. The perception was that it added to the color of the diamond...
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Polished Markets
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Nov 26, 2019
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Avi Krawitz
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Synthetics vs. Natural: The Battle over Value
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In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the...
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Polished Markets
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Nov 13, 2019
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Avi Krawitz
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Pandora Slashes Sales Forecast
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Shares in Pandora dropped 18% Tuesday after the Danish jeweler lowered its full-year revenue outlook. The retailer reduced its forecast to a decline of 7% to 9%,from its earlier range of -3% to -7%, despite efforts to reignite sales...
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Retail
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Nov 05, 2019
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Rapaport News
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Diamond Market Improves as Holidays Approach
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RAPAPORT PRESS RELEASE, November5, 2019, Las Vegas … Diamond trading improved in late October after variousJewish, Indian and Chinese holidays. Dealers are focused on filling holidayorders as US jewelers prepare inventory for the season. Shortages...
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Polished Markets
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Nov 05, 2019
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Rapaport
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De Beers Lowers Global Diamond-Jewelry Estimate
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De Beers has restated its estimation of global diamond-jewelry sales following a new study valuing the diamond content in jewelry purchases since the 2008 recession. The group also revised its production data to reflect lower...
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Retail
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Nov 04, 2019
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Avi Krawitz
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Rapaport Webinar to Outline 4Q Prospects
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The diamond industry has much riding on this holiday season, having endured tough market conditions in 2019. While the trade reduced inventory levels in the third quarter, a large quantity of less popular items remain...
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Polished Markets
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Nov 04, 2019
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Rapaport News
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Diamond Manufacturers Must Brace for Automation
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Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different...
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Manufacturing
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Oct 31, 2019
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Avi Krawitz
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More Brides Buying Their Own Engagement Rings
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US women increasingly buy engagement rings forthemselves, and spend more on them than their partners do, De Beers said Mondayin its annual Diamond Insight Report. The proportion of engagement rings financed solely by brides rose...
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Retail
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Oct 29, 2019
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Rapaport News
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LVMH Proposes Tiffany Takeover
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LVMH Moët Hennessy Louis Vuitton has approached Tiffany & Co. about acquiring the US jeweler for almost $15 billion, according to media reports. The Paris-based luxury group submitted a non-binding offerto Tiffany earlier...
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Retail
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Oct 27, 2019
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Rapaport News
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Titan Revenue Drops as Gold Price Surges
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Jewelry sales declined at Indian retailer TitanCompany after a hike in gold prices dampened consumer appetite. Revenue for the category dropped 2% year onyear in the second fiscal quarter ending September 30, Titan reported in arecent...
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Retail
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Oct 23, 2019
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Rapaport News
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Costco Sells $220,000 Diamond Ring
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Costco sold a diamond ring worth $220,000 in the fourth fiscal quarter, the membership-based warehouse retailer saidearlier this month. Executivevice president and chief financial officer Richard Galanti confirmed thesale during the company’s...
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Retail
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Oct 16, 2019
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Rapaport News
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WFDB Prepares Master Plan to Boost Relevance
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There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
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Polished Markets
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Oct 07, 2019
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Avi Krawitz
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Diamond Trade Cautious Ahead of Holiday Season
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RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas…Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war,...
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Polished Markets
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Oct 07, 2019
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Rapaport
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UBS Predicts Drop in Diamond-Jewelry Sales
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Global diamond-jewelry demand will decline 2% this year asstock-market volatility in the US is likely to affect consumer sentiment, UBSpredicted. “Demand in 2019 [to date] has been lackluster, and we expecta modest decline in global diamond-jewelry sales in [the...
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Retail
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Oct 02, 2019
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Rapaport News
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Hong Kong Fair Prioritizes Buyer Incentives
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The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
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Polished Markets
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Sep 18, 2019
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Joshua Freedman
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Sentiment Cautious as Hong Kong Show Starts
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Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
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Mining
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Sep 16, 2019
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Joshua Freedman
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