The Rap Price List is suspended until May 1
The Rapaport Group won’t publish a new price list for the next five weeks with the spread of COVID-19 bringing diamond trading to a standstill worldwide.
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2020 JCK Las Vegas, luxury shows will be postponed
The 2020 edition of JCK Las Vegas, America’s largest jewelry trade show, as well as sister show Luxury, will be postponed until later in the year, according to show organizer Reed Exhibitions and the Reed Jewelry Group.
In the face of the COVID-19 coronavirus, the jewellery industry’s communal sense of responsibility is of paramount importance
Press release – I write these words from my home in Milan, to which the movement of my family is now restricted, according to new government regulations meant to help prevent the spread of the COVID-19 coronavirus. Fortunately, we are all in good health.
Is diamond era nearing its sunset?
Outwardly, mining companies comment on the decline in the global demand with Olympian calmness: there are temporary issues with the distribution of the excess supply formed in the market earlier, shortage of lending to the industry, slowdown of the Chinese economy, trade war between the USA and China, etc. In short, everything is temporary, comes […]
Belgium, Israel shut diamond trading halls
All diamond trading halls in Belgium and Israel are closing until further notice as the countries attempt to stem the spread of the coronavirus.
ALROSA offers greater flexibility to long-term customers at its March trading session
Press release – ALROSA takes further action to support long-term customers amid global market uncertainty.
Canada trade releases synthetics guidelines
The Canadian Jewellers Association (CJA) has issued a guide to advertising lab-grown diamonds in response to a rise in marketing of the product to consumers in the country.
Price of gold expected to stay high in 2020
Gold is predicted to average more than $1,500 an ounce in 2020, according to a recent Reuters poll, up from the $1,393 it averaged last year.
Calls for 500,000 diamond Workers to walk out in Surat
More than 500,000 diamond workers are threatening strike action in Surat, India, to demand an end to “unfair” taxation.
Can the Indian diamond industry survive the current crisis?
The Indian diamond industry is facing an uncertain future with multiple challenges to tackle simultaneously. When diamond mining major De Beers reported the sale of $545 mln worth of rough diamonds in the first sales cycle of this year after a difficult 2019, it was an indication that the industry is on a recovery path.
De Beers reveals overhaul of sight system
De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system.
Royal Asscher President retires
Edward Asscher has retired as president of Royal Asscher, marking his 50th anniversary with the family-run jeweler. His daughter, Lita Asscher and son, Mike Asscher, will take his place as copresidents of the company.
