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NCDIA Seminar
NCDIA to Hold Colored-Diamond Seminar
The Natural Color Diamond Association will present a study at the Hong Kong Jewellery & Gem Fair on how coloring in diamonds develops. Since 2009, GGTL Laboratories in Liechtenstein has beenanalyzing both natural and lab-grown...
Polished Markets Aug 22, 2019 Rapaport News
Rough diamonds
De Beers Lets Clients Reject 50% of Goods
De Beers will allow sightholders to refuse more rough diamonds than usual at thisweek’s sight, aiming to ease pressure on the market without reducing prices. Clients will be free to turn down 50% of available goods amid a slump...
Rough Markets Aug 18, 2019 Joshua Freedman
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA)is asking the organizers of the September show for a 25% discount for itsmembers, citing difficult market conditions due to the trade war and socialunrest in the city....
Polished Markets Aug 15, 2019 Joshua Freedman
HK protest
Hong Kong Riots Cast Cloud over Show
Diamond traders have raised concerns ahead of next month’s Hong Kong Jewellery & Gem Fair, as mass protests have caused chaos and dented local demand. The show will still take place as planned,...
Polished Markets Aug 13, 2019 Joshua Freedman
KGK, Botswana
Who’s Buying the Rough in 2019?
The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector’s current problems have resulted from too much rough entering the market...
Rough Markets Aug 11, 2019 Joshua Freedman
HSBC
HSBC to Pay $330M in Antwerp Fraud Settlement
A Swiss unit of HSBC has agreed to pay a record EUR 294.4 million ($330 million) to settle fraud claims against its Belgian business, which mainly served members of the Antwerp diamond trade.In 2014, a Belgian judge...
Financial-Legal Aug 07, 2019 Joshua Freedman
DPA
DPA Grades Scanners for Synthetic Melee
An official industry-wide project to test lab-grown detectors has expanded its efforts to melee, a segment of the market highly prone to undisclosed synthetics.The Assure program — an initiative of the Diamond Producers Association (DPA) and Signet Jewelers —reviewed...
Polished Markets Aug 06, 2019 Joshua Freedman
De Beers sight box
De Beers Sales Sink to Lowest Level Since 2015
De Beers’ rough-diamond sales plummeted 53% this month ascustomers accepted the miner’s offer to defer purchases until the marketimproves.Weak polished demand and excess supply in the manufacturingand trading sectors have hurt sightholders’ appetite...
Mining Jul 30, 2019 Joshua Freedman
De Beers sorting
De Beers Lets Clients Delay Rough Purchases
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....
Mining Jul 28, 2019 Joshua Freedman
GIA color grading
GIA Cuts Prices 10% Amid Market Slowdown
The Gemological Institute of America (GIA) has temporarilyreduced grading fees for certain smaller diamonds after recording a drop in submissionsduring the recent industry slump. The organization is slashing prices of reports by 10% forpolished weighing from...
Polished Markets Jul 16, 2019 Joshua Freedman
ABN Amro branch Capelle aan den IJssel
ABN Amro Restricts Rough-Sector Lending
ABN Amro has scaled back its financing of rough-diamondpurchases, citing a lack of profitability in the manufacturing and tradingsectors.The Dutch bank, which mainly lends to rough dealers, will only offer credit without proof of onward sale...
Financial-Legal Jul 15, 2019 Joshua Freedman
Lab-grown rough diamond
India Differentiates Synthetics Imports
India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
Financial-Legal Jul 14, 2019 Joshua Freedman
Sotheby's 102.34 carat 2018
Why the Market for Large Diamonds Is in Free Fall
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,...
Polished Markets Jul 02, 2019 Joshua Freedman
Aleah Arundale
Lab-Grown Ban Splits Opinion on Facebook
An influential online community for jewelers has bannedsales of lab-grown diamonds, prompting fierce debate on social media. Jewelers Helping Jewelers (JHJ), a Facebook group with more than 16,000members, decreed Wednesday that no synthetics may be sold...
Technology May 30, 2019 Joshua Freedman
Gateway of India
India Cracks Down on Rough Shipments
India’s diamond trade is in a fight with authorities overstricter customs enforcement for rough that could have a “disastrous” impact on theindustry.Companies have recently been suspected of giving incorrect values for imports or exports of rough diamonds, a senior...
Financial-Legal May 26, 2019 Joshua Freedman
DTC Botswana sorting
De Beers Sales Slump 25% in May
De Beers’ sales fell to their lowest level in more than ayear and a half, as a slowdown in the Indian manufacturing sector hit roughdemand. Revenue dropped 25% to $415 million for the fourth salescycle of the year, which...
Rough Markets May 21, 2019 Joshua Freedman
Israel Diamond Exchange
Synthetics: Coming to a Bourse Near You?
The rise of lab-grown diamonds might finally be tricklingthrough to the historic heart of the trade: the diamond exchanges.It began last November, when Anoop Mehta, president ofMumbai’s Bharat Diamond Bourse (BDB), told Rapaport News...
Polished Markets May 14, 2019 Joshua Freedman
Renee Newman author
Do the 4Cs Still Make the Cut?
The “5Cs and 2Ts” isn’t as catchy as the usual formula, but it might be a better pricing method, according to the author of a diamond-trade guide that claims the 4Cs are no longer adequate.“One of the biggest misconceptions is that...
Polished Markets May 06, 2019 Joshua Freedman
Yellow diamond
US Looks to Tighten Jewelry-Origin Rules
The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
Financial-Legal Apr 18, 2019 Joshua Freedman
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
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