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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
Asian Star 150
Asian Star Expects Long-Term Impact from Covid-19
Mumbai-based diamond manufacturer Asian Star believes jewelry demand will remain sluggish through the end of the
News Aug 03, 2020 Rapaport 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 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
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
Mountain Province
Mountain Province Projects 3Q Improvement
Mountain Province anticipates the market for rough diamonds will start to improve toward the end of the
News Jul 20, 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
Alrosa
Anna Hu Jewels Sell at Christie’s Charity Auction
Christie’s garnered $338,781 from an online charity auction of Anna Hu jewels that will help support the families
News Jul 15, 2020 Rapaport News
New York 47th Street.
US Import Slump Continues in May
US polished-diamond imports dropped heavily again in May, according to Commerce Department data, with Covid-19 shutting the global
News Jul 13, 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
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