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De Beers Office in Botswana
De Beers Turns to Tech as Layoffs Loom
De Beers is no stranger to changing strategy. Throughout its 130-plus-year history, the company has often adjusted its approach,
Analysis Aug 03, 2020 Avi Krawitz
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry,
News Aug 03, 2020 Rapaport News
Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis,
News Aug 02, 2020 Rapaport News
Antwerp Diamond Bourse trading floor.
Antwerp Trading Halls Shut for Second Time
The Federation of Belgian Diamond Bourses has closed all four of Antwerp’s trading floors following a spike in coronavirus
News Jul 28, 2020 Joshua Freedman
The new Cullinan plan
Petra Revenue Falls to Nine-Year Low
Petra Diamonds’ full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak
News Jul 26, 2020 Rapaport News
Jewelry in box
Jewelers See Worst Quarter for Credit Downgrades
The Jewelers Board of Trade (JBT) reduced companies’ credit scores at an “unprecedented” rate in the second quarter as businesses
News Jul 22, 2020 Joshua Freedman
Watchmaker
Watch Exports to Hong Kong and US Still Weak
Swiss watch exports dropped heavily in June as continued slowdowns in Hong Kong and the US outweighed a recovery in China.Total
News Jul 21, 2020 Rapaport News
Harry Winston London.
Virus Hits Swatch Group’s Bottom Line
Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history
News Jul 21, 2020 Rapaport News
Michael Hill store
Covid-19 Dents Michael Hill Sales
Australian jeweler Michael Hill reported a sharp drop in revenue during the fourth quarter, as the coronavirus pandemic
News Jul 19, 2020 Rapaport News
Rio Tinto
Rio Tinto Output Slides in First Half
Diamond production at Rio Tinto dropped 7% year on year in the first half of 2020 as the miner recovered lower-grade
News Jul 19, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Sees Weakest Performance in Years
Alrosa’s sales and production slumped to their lowest levels in over a decade in the second quarter amid unprecedented
News Jul 16, 2020 Rapaport News
De Beers.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the
News Jul 16, 2020 Rapaport News
Mountain Province
Lenders Grant Waiver to Mountain Province
Mountain Province has obtained a waiver for its revolving-loan agreement as it struggles with challenges in the diamond market
News Jul 14, 2020 Rapaport News
Lucapa
Lucapa Revenue Plummets in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the
News Jul 13, 2020 Rapaport News
Polished diamonds.
India Extends Deadline for Duty-Free Reimports
The Indian government has granted diamond companies extra time to ship polished goods back to the country
News Jul 12, 2020 Rapaport News
Nyurbinskaya
Alrosa Monthly Sales Plummet Again
Alrosa’s diamond sales fell 86% year on year to $31.3 million in June as contract customers continued to delay buying
News Jul 12, 2020 Rapaport News
Israel Diamond Exchange.
Israel Diamond Industry ‘on Verge of Collapse’
Israel’s diamond industry is on the verge of collapse as the coronavirus has wiped out sales and forced business
News Jul 09, 2020 Rapaport News
A Titan store in Deoghar, Jharkhand.
Titan Sales Slump as Lockdown Hits India
Revenue at Titan Company dropped sharply in the past two months during India’s coronavirus lockdown, but the
News Jul 09, 2020 Rapaport News
HK Show Sept 2019
September Hong Kong Show Now in November
The September Hong Kong show has been postponed to November due to the coronavirus and related travel
News Jul 08, 2020 Rapaport News
Back in business
Jewelers See Positive Signs as Business Restarts
Times are hard for luxury in general, and jewelry in particular. In a recent survey by McKinsey & Company, jewelry
News Jul 02, 2020 Leah Meirovich
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