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De Beers Cuts Prices at August Sight
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De Beers has reduced prices of rough larger than 1 carat ahead of next week’s sight amid a gradual improvement in demand and shortages in certain categories, sources said. The reductions are around 6% to 8%, according to sightholders and...
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Rough Markets
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Aug 20, 2020
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Joshua Freedman
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An Opportunity to Strengthen Connections
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A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before...
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Polished Markets
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Apr 07, 2020
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Avi Krawitz
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Diamond Prices Stable After Year of Declines
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RAPAPORT PRESS RELEASE (Revised), January 7, 2020, Las Vegas… Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized and improved for sizes under 1 carat, supported...
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Polished Markets
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Jan 07, 2020
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Rapaport
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Podcast: What’s in Store for the Holidays
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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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Diamond Trading Quiet Amid Tight Profits
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RAPAPORT PRESS RELEASE, August 6, 2019, Las Vegas … Diamond-market sentiment was weak in July due to tight profits and liquidity. The pressures facing cutters and dealers resulted from high rough supply at inflated prices...
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Polished Markets
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Aug 06, 2019
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Rapaport
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Small-Stone Slump Hits Firestone Revenue
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Firestone Diamonds saw a decline in sales during its fiscal fourth quarter due to a drop in demand for small, lower-value diamonds that make up the bulk of its supply. The company reported sales of $12.7 million for...
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Mining
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Jul 29, 2019
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Rapaport News
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Podcast: Who’s Right – De Beers or the GIA?
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Provenance and lab-grown diamonds have dominated the industry’s conversation for some time, but developments in 2019 have made them the year’s strongest news themes. In the 13th edition of the Rapaport Diamond Podcast,...
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Polished Markets
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May 02, 2019
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Rapaport News
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Five Features Steering De Beers’ Future
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De Beers is strengthening its position in the diamond market without obsessing about production, after having made some bold moves in recent years. It has now emerged as a vertically-integrated diamond company. It appears management has long recognized...
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Polished Markets
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Aug 23, 2018
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Avi Krawitz
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Plumb Club Names New President
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The Plumb Club, an alliance of suppliers to the jewelry,diamond and watch industries, has elected Michael Lerche of Goldstar Jewelleryas its president. Lerche (pictured) will succeed Jonathan Cohen of IB Goodman Company,who has stood down after...
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Polished Markets
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Jul 18, 2018
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Rapaport News
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Diamond Prices Stable Through Vegas Shows
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RAPAPORT PRESS RELEASE, June 5, 2018, New York… Diamond prices were stable in May as businesses focused on the Las Vegas shows that began on May 30. The JCK fair was relatively slow, with fewer...
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Polished Markets
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Jun 05, 2018
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Rapaport
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DPA to Amplify Female Self-Purchasing Message
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The Diamond Producers Association (DPA) is planning a campaign focused on boosting demand among female self-purchasers. “We’ve started the creative process with the idea of expanding the territory of our Real is Rare campaign,” CEO Jean-Marc...
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Marketing
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Jun 05, 2018
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Avi Krawitz
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Gem Diamonds Unearths 115ct. Rough
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Gem Diamonds has recovered a 115-carat rough stone from its Letšengmine in Lesotho, it said Tuesday. The white, type IIa stone is the ninth over 100 carats the miner has foundthis year. In comparison, the...
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Mining
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May 22, 2018
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Rapaport News
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Diamond Demand Hits $82B High – De Beers
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Global consumer demand for diamond jewelry grew 2% to anall-time record of $82 billion in 2017 amid a strong US market and a recoveryin greater China, De Beers reported Thursday.US demand rose 4% to $43 billion for the year as the...
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Retail
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May 17, 2018
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Rapaport News
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Vegas to Host Panel on Colored Diamonds
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The Natural Color Diamond Association (NCDIA) will hold aseminar during the upcoming JCK Las Vegas show, to be moderated by Rapaport Editor in Chief Sonia EstherSoltani.The series, which will discuss the benefits of naturaldiamonds and...
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Polished Markets
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Apr 30, 2018
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Rapaport News
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Lucara Recovers 327ct. Rough Stone
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Lucara Diamond Corp. has unearthed a 327-carat rough diamondfrom its Karowe mine in Botswana. The high-color white diamond is the eighth over 100 carats that Lucara has found this year, and the ninth...
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Mining
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Apr 29, 2018
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Rapaport News
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Argyle Boosts Rio Tinto Production
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Diamond production at Rio Tinto rose 11% year on year to 4.6million carats in the first quarter of 2018, driven by an increase in outputfrom its Argyle mine. The Australia-based operation yielded nearly 3.6 million caratsin the first...
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Mining
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Apr 22, 2018
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Rapaport News
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Investors to Inject $500M into New Diamond Fund
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A new fund for diamond companies is set to launch, aiming to provide an easier way for firms to obtain credit.“The diamond industry is in a major state of flux, with all the major commercial banks exiting the space,” Chris...
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Polished Markets
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Apr 16, 2018
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Leah Meirovich
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Lucara Unearths 472ct. Rough Stone
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Lucara Diamond Corp. has recovered a 472-carat rough diamond, thethird largest from its Karowe mine in Botswana. The stone is “top light brown,” meaning it has a relativelylow color grade. “In 2018, mining at Karowe is focused...
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Mining
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Apr 15, 2018
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Rapaport News
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37ct. Diamond Boosts Stornoway Prices
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Stornoway Diamond Corporation saw rough prices rise in thefirst quarter, driven by a resurgent market and the sale of its most expensive stoneto date. The miner achieved an average price of $112 per carat forthe three...
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Mining
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Apr 12, 2018
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Rapaport News
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Diamond Trading Slows in March
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RAPAPORT PRESS RELEASE, April 11, 2018, New York: Diamond prices stabilized in March, but sentiment softened after a positive start to the year. Dealers were disappointed with the Hong Kong diamond show, while...
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Polished Markets
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Apr 11, 2018
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Rapaport
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