CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Rare Contested WFDB Election Reflects Diamond Industry’s Chasms
Three candidates emerge ahead of next week’s presidential vote.
Did De Beers Give Some Sightholders Special Prices?
Rumored discounts reflect diamond market’s difficult situation.
Speculation has been building over the past month and a half that De Beers had been offering discounts to selected sightholders since early this year. It was unclear how many of them were getting these special prices, what the terms were, and whether this was substantially different from past practices.
Sources that spoke to Rapaport News in recent days believed it started off as a very small number of clients getting reductions of around 10% to 20% for 4- to 6-grainer (1- to 1.5-carat) and 2- to 4-carat rough…
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