RapNet


Rapaport News

 

Polished Markets

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

New York’s Diamond Dealers Club Closes

First duty is to protect members, organization says.
Mar 19, 2020 10:56 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 New York’s Diamond Dealers Club (DDC) has shut due to the coronavirus outbreak in the US, the organization said in a note to members earlier this week.

“We do not take this action lightly, but our first duty is to protect our members and our community,” the notice read.

The move, effective March 16, followed consultations with state and local medical and legal professionals and with other bourses around the world, the DDC continued. Earlier this week, trading halls in Antwerp and Israel shut to stem the spread of the virus, while the Bharat Diamond Bourse in Mumbai has told member companies to reduce their worker numbers by 50%.

Manhattan’s 47th Street, where the club is based, has largely come to a standstill. Retailers including Tiffany & Co. and Macy’s have shuttered all North American stores to prevent infections.

Image: Polished goods at a 2015 trading event at the Diamond Dealers Club, New York. (Diamond Dealers Club)
Tags: Coronavirus, DDC, Diamond Dealers Club, New York. US, Rapaport News
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us