CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Rough
Government also working on creating diamond exchange and manufacturing center.
Takeover will go into effect on January 1, 2025.
Russian miner reduced output to 33 million carats amid sanctions, waning demand for rough, and low prices.
Larger stone is called Motswedi, Setswana for a water spring that gives life, while the other is Seriti, which means aura or presence.
Around 10 customers will miss out on consistent goods in 2025, sources say.
Customers faced a dilemma: Buy unprofitable goods or lose future allocations.
Market expects Russian miner’s rough sales to remain muted.
Decrease of 10% to 15% is not enough to generate profitability, sightholders argue.