With the Russia crisis constantly evolving and the US piling sanctions on Alrosa, the Rapaport editorial team outlines how the industry is adjusting to these new challenges.
In this episode of the Rapaport Diamond Podcast, Senior Analyst Avi Krawitz, Editor in Chief Sonia Esther Soltani, and News Editor Joshua Freedman discuss a wide range of topics beyond Russia, including the importance of source verification, the buzz surrounding the Sotheby’s and Christie’s auctions, and the upcoming Vegas shows.
The team also gives its outlook for upcoming industry events and developments.
Listen to the podcast here.
Discussion points:
00:40 – Introduction
01:48 – Is the trade coming to terms with Russia’s impact on the trade?
03:25 – How retailers are responding to the crisis.
06:00 – The team discusses whether the trade is ready to adopt source-verification programs.
12:00 – Amid the uncertainty, jewelry sales seem robust.
17:30 – Sonia observes a better buzz around the auction circuit.
22:00 – The team outlines what’s on its radar for the coming weeks, ranging from GemGenève, how China’s lockdowns will affect the market, and the outlook for the Las Vegas shows.
27:50 – Avi calls for organizations to resume publication of data.
