News

Advanced Search

New York’s Diamond Dealers Club Closes

Mar 19, 2020 10:56 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT...
 New York’s Diamond Dealers Club (DDC) has shut due to the coronavirus outbreak in the US, the organization said in a note to members earlier this week.

“We do not take this action lightly, but our first duty is to protect our members and our community,” the notice read.

The move, effective March 16, followed consultations with state and local medical and legal professionals and with other bourses around the world, the DDC continued. Earlier this week, trading halls in Antwerp and Israel shut to stem the spread of the virus, while the Bharat Diamond Bourse in Mumbai has told member companies to reduce their worker numbers by 50%.

Manhattan’s 47th Street, where the club is based, has largely come to a standstill. Retailers including Tiffany & Co. and Macy’s have shuttered all North American stores to prevent infections.

Image: Polished goods at a 2015 trading event at the Diamond Dealers Club, New York. (Diamond Dealers Club)
Tags: Coronavirus, DDC, Diamond Dealers Club, New York. US, Rapaport News
Similar Articles
IGI clarity tester 150IGI Opens Doors at New York Grading Lab
Jun 30, 2020
The International Gemological Institute (IGI) is reopening its New York grading laboratory following a three-month closure
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.