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Rough
What De Beers and Alrosa Clients Really Want
Ask a De Beers or Alrosa contract client about the biggest problems with the miners’ age-old systems for
News Aug 13, 2020 Joshua Freedman
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 13, 2020 Rapaport News
Berkshire Hathaway 150
Retail Sales Slide at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway fell 16% to $3.37 billion in the second
News Aug 09, 2020 Rapaport News
Sarine 150
Sarine Turns Profit Following Cutbacks
Sarine Technologies ended the first half of 2020 in the black as deep cost cuts offset the effects
News Aug 09, 2020 Rapaport News
Mountain Province Gahcho Kue 150
Mountain Province in the Red as Demand Slows
Mountain Province reported a loss in the second quarter as the coronavirus pandemic closed markets and hit demand.The
News Aug 09, 2020 Rapaport News
Rich Shatz
Estate Jewelry Proves Robust During Covid-19
The estate-jewelry sector has fared well during the Covid-19 crisis as customers have continued to show interest
News Aug 06, 2020 Rapaport News
Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while
News Aug 06, 2020 Joshua Freedman
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut
News Aug 06, 2020 Leah Meirovich
July RetailRap 150
How to Market Jewelry During the Pandemic
Is it appropriate for jewelers to market during the pandemic?Yes, now is when jewelers need business the most. I think
News Aug 05, 2020 Leah Meirovich
Chow Sang Sang 150
Chow Sang Sang Warns of Steep Profit Drop
Chow Sang Sang is expecting profit to plummet for the first half of the year amid store closures
News Aug 04, 2020 Rapaport News
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
Asian Star 150
Asian Star Expects Long-Term Covid-19 Impact
Mumbai-based diamond manufacturer Asian Star believes jewelry demand will remain sluggish through the end of the
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
Gem Diamonds
Pandemic Punctures Sales at Letšeng Mine
Revenue at Gem Diamonds fell in the first half of the year amid a temporary shutdown of its mine and
News Jul 30, 2020 Rapaport News
Rio Tinto
Losses Deepen at Rio Tinto’s Diamond Unit
Weak rough demand and a devaluation of assets pushed Rio Tinto’s diamond division further into the red
News Jul 29, 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
Rio Tinto
Rio Tinto Grants Rough Buyers Flexibility
Rio Tinto has given customers flexibility with their rough purchases since the Covid-19 crisis began,
News Jul 28, 2020 Leah Meirovich
Luk Fook
Luk Fook Sales Tank During Pandemic
Luk Fook’s sales plunged 71% in the first fiscal quarter as the coronavirus continued to reduce foot traffic
News Jul 26, 2020 Rapaport News
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 store display
Mom-and-Pop Stores Doing OK – for Now
Independent US jewelers have weathered the Covid-19 crisis well, but face a serious challenge if the pandemic persists,
News Jul 22, 2020 Joshua Freedman
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