WFDB, WDC, GJEPC and IDMA believe the suggested process will cause “irreparable harm” to rest of trade.
Profit fell in 2023; miner withholds information on location of customers.
Plus: What happened to De Beers’ inventories in 2023?
Members of the editorial team pick their favorite pieces from the internet.
Mark Cutifani’s experience will help company apply technology to unlock other natural resources as investible assets.
Synthetic stones masquerading as naturals are arriving in labs. How prevalent is this, and how can the rest of the trade protect itself if fraudsters are trying to dupe the experts? Insiders weigh in.
State-owned Almazyuvelirexport is among nearly 300 entities targeted in current round.
Anglo American shaves $1.56 billion off miner’s value following 2023 losses.
Executives are left frustrated as they try to tap into the full potential of their deposits along the lucrative Orange River.
Ancient Splendor, Modern Designs: Rapaport Magazine Highlights
Adornment and Splendor: The spectacularly crafted creations of the Mughal and Deccan eras are on show in a new book.
Setting herself apart: Meet Jocelyn Zimmer, president of the fifth generation family business in New York’s Hudson Valley region.
New rules for jewels: Dealer Ben Macklowe talks about the revival of this design movement, its most desirable pieces, and what to consider when purchasing them.
Market Comment - Feb. 29, 2024
Hong Kong shows open to slow traffic. Low expectations for diamond sales amid weak Chinese demand.
Global market cautious.
US retail seasonally quiet.
Strong demand for ex-plan goods at De Beers sight following Jan. price cut; Feb. prices stable.
Alrosa 2023 revenue +9% to $3.5B, profit -15% to $933M.
Sarine 2023 sales -27% to $43M, loss of $2.8M vs. $8.8M profit in 2022.
WFDB and other trade bodies warn that G7 requirement to ship diamonds through single Antwerp node will harm industry.
De Beers backs African producers’ right to certify own goods.
US sanctions of Russian-source diamonds begin March 1. Rapaport holds emergency sanctions webinar and requests trade support for Rapaport US Diamond Protocol.