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Rapaport Weekly Market Comment
Diamond markets under continued pressure and facing severe liquidity crisis as jewelry retail, manufacturing, trading and
News Apr 02, 2020 Rapaport News
Martin Rapaport
Webinar: The Rapaport Price List
Martin Rapaport, chairman of the Rapaport Group, explained how the Rapaport Price List works during a webinar
News Apr 02, 2020 Rapaport
Nimesh Patel
De Beers CFO to Leave Company
De Beers chief financial officer Nimesh Patel will exit the company on July 26 to become CFO and executive
News Apr 02, 2020 Rapaport News
Alrosa rough diamonds
Alrosa Allows Clients to Defer All Purchases
Alrosa is allowing full flexibility at next week’s monthly rough-diamond sale, enabling long-term clients to delay purchases until
News Apr 02, 2020 Joshua Freedman
Lucapa
Lucapa Reduces Lulo Operations
Lucapa Diamond Company has whittled down activities at its Lulo mine in Angola to essential operations amid a government
News Apr 02, 2020 Rpapapot News
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 Apr 01, 2020 Rapaport News
Karowe
Lucara May Struggle to Hold Botswana Sales
The coronavirus outbreak has threatened Lucara Diamond Corp.’s ability to hold tenders in Botswana, and had a heavy
News Apr 01, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Flexible Tender Fetches $12M
Gem Diamonds garnered $12.1 million from the sale of rough diamonds through its new flexible tender
News Apr 01, 2020 Rapaport News
Couture
More Las Vegas Trade Fairs Canceled
Emerald Expositions has canceled its Couture and Antique Jewelry & Watch shows amid restrictions due
News Apr 01, 2020 Rapaport News
Signet furloughs
Signet Temporarily Lays Off Workers
Signet Jewelers has furloughed a number of its employees to cut costs and ensure the long-term sustainability of its
News Apr 01, 2020 Rapaport News
Gemfields
Gemfields Halts Mining and Sales
Gemfields has closed the majority of its business amid the coronavirus pandemic, and is unsure when it will
News Mar 31, 2020 Rapaport News
Diamcor
Diamcor Pauses Operations, Cancels Tenders
Diamcor Mining has shut its South African mine amid the government-imposed 21-day lockdown to stem the
News Mar 31, 2020 Rapaport News
Hong Kong retail coronavirus
Hong Kong Retail Sales Plummet 79% in February
Sales of jewelry and other hard-luxury items in Hong Kong slumped to an all-time low in February due to the coronavirus,
News Mar 31, 2020 Rapaport News
Signet
Signet Settles Shareholder Suit for $240M
Signet Jewelers has agreed to a $240 million settlement relating to a lawsuit filed by shareholders. The suit claims the
News Mar 31, 2020 Rapaport News
De Beers Orapa mine
Market Slump Prompts Botswana Downgrade
S&P Global Ratings has lowered Botswana’s credit rating, citing weaker diamond revenues because of the current
News Mar 30, 2020 Rapaport News
Sothebys Online
Sotheby’s Online Sale Exceeds Expectations
Sotheby’s garnered $739,375 from its Jewels Online sale, beating its high estimate of $671,600 for the
News Mar 30, 2020 Rapaport News
LVMH Updat
LVMH 1Q Revenue Could Fall up to 20%
LVMH expects its revenue for the first quarter to drop as the coronavirus outbreak has led to the
News Mar 30, 2020 Rapaport News
DMCC
Dubai Trading Center Unveils Relief Package
The Dubai Multi Commodities Centre (DMCC) will implement a support package for its trade members amid
News Mar 30, 2020 Rapaport News
Namdeb employee sorting through rough diamonds.
De Beers Cancels March-April Sight
De Beers has called off this week’s sight in Botswana, citing restrictions resulting from measures to contain the
News Mar 30, 2020 Rapaport News
DPA Support Network
Jewelry Industry Groups Create Support Network
A number of trade groups have joined together in an effort to support small jewelry businesses amid the COVID-19 pandemic.The
News Mar 30, 2020 Rapaport News
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Weekly Market Comment

Diamond markets under continued pressure and facing severe liquidity

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Magazine
India in focus

The signing of a phase-one US-China trade agreement in January started the

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