Podcast: The year that changed the diamond market
The Rapaport News team looks back at a tumultuous year in our final podcast of 2020, highlighting the most significant stories and trends that shaped our industry.
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CNBC show explores the Diamond District
New York City’s Diamond District was once again in the spotlight.
Not a 2020 wrap-up, or a 2021 prediction
After such an unusual year, the last thing we need is another 2020 wrap-up or a 2021 prediction. Instead, I will share what I see happening right now in the most significant place for the diamond industry: US retail sales.
What it took to survive in 2020 – A worklist
Unfortunately, many businesses did not survive this challenging year. There are a lot of lessons here for everyone in the diamond pipeline and the jewelry industry – lessons that hold true for most businesses no matter what they are.
Paul Zimnisky attributes diamond market recovery to holiday demand
The diamond market started the year on a high note before the COVID-19 pandemic wreaked havoc beginning March.
Holiday demand uplifts diamond trade
Diamond market sentiment improved in November amid rising expectations for the holiday season. A recovery in China and robust sales during India’s Diwali festival also lifted the mood.
De Beers aims for full traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.
Five countries lead diamond supplies to the US
Diamond supply to the US comes from all over the world. As the world’s largest diamond consumer market, the US is the country that imports the most diamonds – more than $400 billion worth of polished diamonds in the last 30 years.
Engagements driving diamond jewellery demand this holiday season
Press release – De Beers Group’s latest Diamond Insight ‘Flash’ Report highlights US jewellers have noted increased rates of couples getting engaged during the pandemic.
De Beers buys Petra Blue Diamonds for $40M
De Beers has purchased five rough blue diamonds from Petra Diamonds for more than $40 million in partnership with one of its sightholders.
Looking like a happy holiday, forecasters say
Holiday sales will likely rise between 3.6% and 5.2% this year, though the continuing spread of COVID-19 still poses risks to retail, the National Retail Federation said in its annual holiday forecast.
De Beers Group shuffles departments with focus on social responsibility
De Beers Group is shuffling up some of its key departments in an effort to show the diamond mining and jewelry company is focused on promoting its corporate social responsibility measures.