Show Resilience
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Saturday,May 30 2020 [ Issue 6 May/ 2020 ]
Show Resilience
In a post lockdown world, one where every business owner is hard pressed to book more profits, trying to do good over the business lost during the lockdown, the world is going to see tougher competition. As diamond bourses across the world are opening, the key factor to bring in business lies in innovation.

But good things are happening in the industry as well! WFDB’s Get Diamonds has been fully functional for the last few weeks, to connect the world with its growing inventory.

Christie’s has announced its first auction since the lockdown and a 12.11 carat fancy blue diamond ring could fetch as much as $12.5 million!

Mumbai, the commercial centre of India, where several jewellers, diamantaires and artisans thrive, is still reeling under the weight of this dreadful virus. Let’s hope that the tenacity and spirit of the city will win over the virus!

 
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Highlights
Christie’s Luxury categories are pleased to announce the new auction calendar for June and July 2020. The revised calendar includes the rescheduled Geneva, Hong Kong, and New York Luxury Weeks, and a wider offering of l
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For ALROSA, maintaining the balanced state of the entire diamond value chain is a top priority. The company keeps unprecedentedly flexible terms for its long-term clients for June trading session. Just like during two previou
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“The safety of our staff and customers remains our top priority,” said IGI CEO Roland Lorie. “We will continue following the strictest safety and health guidelines as we begin to support customers in-person
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The World Federation of Diamond Bourses(WFDB) is launching an international digital marketing campaign to introduceGet Diamondsto jewelry retailers. The campaign, which will run on social media and search engines, is focused
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Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world's largest B2B diamo
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According to a report by Times of India, the councils have requested the diamond merchant sin Surat not to assemble at Varaccha's mini bazar and conduct business digitally as much as possible.There are a around 5000 diamond m
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The trading floor will operate under a new format, in compliance with government mandated safety practices in the workplaces. The huge trading floor has been divided into two areas – one for polished trading and one for
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As previously announced, on April 22 Dominion filed for insolvency protection under the Companies’ Creditors Arrangement Act (“CCAA”) and obtained an order from the Alberta Court of Queen’s Bench (the
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In times when the global diamond industry had been challenged with declining natural diamond prices driven by decreased global consumption, geopolitical tensions, reduced financial aid from banking institutions, demonetisatio
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