India trade urged to freeze rough imports
India’s leading diamond-trade organizations have called on members to stop importing rough for at least a month to prevent an oversupply and ensure banks maintain their credit to the sector.
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India’s rough choice: an import moratorium?
Stuart Brown, the ex-joint managing director of De Beers, and current CEO of Canadian miner Mountain Province Diamonds, made an amazing statement in a Financial Times article, stating the very obvious: “We need India to open up. Until the manufacturing opens up there, there will be no demand for rough diamonds.”
An opportunity to strengthen connections
A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before being set into a piece of jewelry, he continued.
COVID-19 restrictions temporarily halt fancy color diamond trade
Due to the COVID-19 pandemic, for the first time since its inception in 2015, the Fancy Color Research Foundation (FCRF) will not publish the Fancy Color Diamond Index (FCDI) for Q1 2020.
WFDB Head Ernie Blom steps down temporarily
The World Federation of Diamond Bourses (WFDB) has named Yoram Dvash as acting president following Ernie Blom’s decision to stand down temporarily.
Hong Kong Shows postponed to August
The Hong Kong Trade Development Council (HKTDC) has rescheduled its trade shows for the second time as coronavirus-related restrictions continue.
Chow Tai Fook revenue tumbles due to virus
Chow Tai Fook’s sales slid in the fourth fiscal quarter amid sluggish consumer demand and store closures brought on by the coronavirus pandemic.
MCH Group to decide Baselworld’s fate in the next few weeks
In the coming weeks, MCH Group will decide whether Baselworld—once the annual event for the global watch industry—has a future, or if it is out of time.
How China’s jewelry business changed after the COVID-19 lockdown
At the end of March, when most of the world was going into coronavirus lockdown, China was slowly emerging from it.
Practical aspects and considerations for tackling the Covid-19 crisis
We have now been in lockdown in France for more than a month. It is more or less the same for everybody in the diamond industry. Although work and life may have been organized, there are still lots of questions about how to do things on day-to-day basis, how to hold out, and how to […]
WFDB to debut online diamond exchange
After hundreds of dealers pulled their goods from the RapNet platform, the World Federation of Diamond Bourses (WFDB) will debut its first online diamond trading exchange [the week of 13 April].
Webinar: Understanding the impact of COVID-19
The recent declines in diamond trading and pricing follow a rise in supply and a severe drop in demand, Rapaport Senior Analyst Avi Krawitz explained in a webinar last week. The presentation, titled “Understanding the Impact of the Coronavirus on the Diamond Market,” highlights some of the ways the pandemic is changing the trade, along […]
