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Market Equilibrium
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An encouraging sign that the diamond market is on the road to recovery has become apparent in the past few weeks: Both polished and rough prices have maintained relative stability, as has demand. The result is that after a long period of volatility, the market seems to have achieved some... 
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Former IDE President Itzhak Forem Passes Away
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Itzhak Forem, a former president of the Israel Diamond Exchange (IDE) and the World Federation of Diamond Bourses (WFDB), has passed away at the age of 72. Having began his professional life in banking, Forem later opened his own diamond business before assuming various...
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India's July Polished Diamond Exports +37%
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India’s polished diamond exports rose 37 percent year on year to $1.68 billion in July, according to provisional data published by the Gem and Jewellery Export Promotion Council (GJEPC). By volume, polished exports increased 12 percent to 4.743 million carats as prices climbed...
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Japan's Polished Diamond Imports +20% in July
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Japan’s polished diamond imports rose 20 percent year on year to $56.6 million in July 2010, according to data published by Momozawa & Co., based on information obtained from the country's Customs Bureau at the Ministry of Finance. By volume, polished imports increased 18...
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Rapaport Weekly Market Report 08/27/10
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The following article is an excerpt from a market report that is sent to RapNet members on a weekly basis. To subscribe, go to www.rapnet.com or contact your local Rapaport office. Global MarketsUnited States: The wholesale market is stable but relatively quiet as suppliers in Israel and...
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Diamond News Broadcast
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The Spectrem Millionaire Investor Confidence Index fell to negative 18 points in August, not far from a record low of negative 20 points in June 2009. Uber-weathly investors are worried about tax policies in the U.S. whereas the average consumer is worried about job security. But...
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Busy Traffic, Good Sales at IIJS
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Strong business activity continued during the weekend at the India International Jewellery Show (IIJS) in Mumbai even if buyers were showing some resistance on prices. Most exhibitors that spoke with Rapaport News were satisfied that the show met their expectations. “It has been a very...
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Good Traffic for First Day of IIJS
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The India International Jewellery Show (IIJS) began in Mumbai on Thursday, where exhibitors were confident that the event would boost trade for the remainder of the year. While traders spent much of the first day settling in before the busy weekend that has been forecasted, many said the...
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Diamond News Broadcast
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Courtesy of the Gems & Jewellery Export Promotion Council, our Avi Krawitz gives viewers insight to the first India International Jewellery Week event underway in Mumbai. This promotional event highlights “Innovation & Design Destination" from India for the...
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Asian Star's Sales Increase 26% in 1Q
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Asian Star saw its sales rise by 26 percent year on year to $94.8 million (INR 4.42 billion) in the first quarter that ended on June 30, 2010, the company reported to the Bombay Stock Exchange (BSE).The Mumbai-based diamond and jewelry manufacturer noted that its diamond...
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Record Israeli Representation Slated for Hong Kong Fair
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Press Release — Ramat Gan, Israel, August 17, 2010: The Israeli Diamond Industry will have the largest presence it has ever had at the September Hong Kong Jewellery & Gem Fair from September 14 to September 20, 2010. This year, the Israel Diamond Pavilion, organized by the Israel...
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China's 1H Diamond Trade +76%
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Trade volume on the Shanghai Diamond Exchange (SDE), including import, export and intermember transactions, reached approximately $1.217 billion during the first half of 2010, up 76 percent year on year. The Diamond Administration of China (DAC) added that the import volume of...
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Message From Martin Rapaport to RapNet Members on Marange Diamonds
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Dear RapNet members,On August 11, 2010, the Kimberley Process (KP) certified approximately 900,000 carats of rough diamonds from Marange, Zimbabwe. While the trading of these diamonds may be legal in certain jurisdictions, it is illegal for U.S., European Union (E.U.) or U.K. citizens or...
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TRADE ALERT: Marange Diamonds
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The Kimberley Process (KP) has just certified approximately 900,000 carats of rough diamonds from Marange, Zimbabwe. While the trading of Marange diamonds may be legal in certain jurisdictions, companies owning or selling the diamonds are sanctioned by the U.S., European Union...
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U.S. Polished Imports and Exports Spike in June
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Both polished diamond imports and exports spiked for the U.S. during the month of June. The country's polished diamond imports rose 83 percent year on year to $1.8 billion, while polished exports rose 69 percent to $1.6 billion. The amount of polished exports registered for...
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Israel's Polished Diamond Exports +14% in July
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Israel’s polished diamond exports rose by 14 percent year on year to $456.4 million in July 2010, according to statistics published by the Central Bureau of Statistics (CBS). The country's rough exports grew 36 percent year over year to $242.85 million, the data showed.Total imports of...
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RapNet and the Diamond Bourse of Canada Announce Agreement
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PRESS RELEASE, August 10, 2010: RapNet — Rapaport Diamond Trading Network is pleased to announce that it has entered into an agreement of cooperation with the Diamond Bourse of Canada. At a cocktail event held at the Bourse yesterday evening, the initiative was announced by Bhushan...
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NY Antique Jewelry Show Reports Increased Attendance
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Organizers of the fourth annual New York Antique Jewelry & Watch Show reported a 10 percent annual increase in attendance at the show, held at the Metropolitan Pavilion from July 23 to July 26, 2010. More than 100 exhibitors were featured there. “We were cautiously...
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Caution Still Reigns
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The second half of 2010 started with the traditional quiet period as the U.S. embarked on its summer vacation, and Israel and Belgium prepared for their August break. Some industry observers questioned, however, whether the slowdown in trading could be attributed entirely to the holiday...
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Antwerp First
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For the first time in the history of the Antwerp World Diamond Centre (AWDC), a member of the Indian diamond community has been elected president of the umbrella organization for the Belgian diamond industry. As might be expected, the news initially was greeted by the comment: “It’s an...
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