Market Analysis06/01/2021 21:00
While it is clear COVID-19 had a major impact on what will be recorded in history as one of the most difficult years ever for the global diamond industry, one thing is certain, as far as diamond trade is concerned, Antwerp managed to keep the engines running in 2020, fueled by nearly 100 rough tenders that were held in the city in the past year. Critical Mass & Infrastructure
While trade halted for months on end in competing hubs like Dubai, Mumbai and Tel Aviv, it is remarkable that in Antwerp, trade picked up relatively quickly, with the first tenders restarting as early as June 2020. In the past decades, the trade in Antwerp moved away from the traditional bourse floors to the privacy and safety of individual offices and state-of-the-art tender facilities, which proved an invaluable advantage in keeping the business going and at the same time maintaining social distancing and hygiene measures at a high standard.
Highlights
DMCC will host six diamond tenders in its Dubai Diamond Exchange, the worldâs largest diamond tender facility, in January 2021.
DMCC â the worldâs flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise â will host six diamond tenders in its Dubai Diamond Exchange, the worldâs largest diamond tender facility, in January 2021. This follows a record-breaking tender hosted in December 2020, which saw the largest ever rough diamond tender sales in the UAE, in a sign that the industry is regaining momentum.
Throughout the month, three new companies will be hosting tenders on the new DDEâs floor for the first time - IHenning, KOIN International and Choron / Bonas Group - in addition to regular long-term hosts Trans Atlantic Gems Sales (TAGS), Stargems and Rapaport.
DMCC’s Dubai Diamond Exchange to host six diamond tenders in January 2021
DUBAI, 6th January, 2021 (WAM) DMCC, the Free Zone and Government of Dubai Authority on commodities trade and enterprise, will host six diamond tenders in its Dubai Diamond Exchange, the world’s largest diamond tender facility, in January 2021. This follows a record-breaking tender hosted in December 2020, which saw the largest ever rough diamond tender sales in the UAE, in a sign that the industry is regaining momentum.
Throughout the month, three new companies will be hosting tenders on the new DDE’s floor for the first time - IHenning, KOIN International and Choron / Bonas Group - in addition to regular long-term hosts Trans Atlantic Gems Sales (TAGS), Stargems and Rapaport.
22 february 2021
04 january 2021 The diamond industry commenced the 2020 year on a very positive note having faced a challenging 2019. There was an improved sentiment in the global rough diamond market with a pick-up in mid-stream demand and rough prices. However, the positive sentiment was short-lived as the COVID-19 pandemic caused widespread uncertainty and disruption across the world. To curb the spreading of the virus, governments across the globe introduced lockdowns and closed their borders. This resulted in several diamond operations being mothballed or had their production capacity reduced late in March or early April 2020. In this article, I explore how junior diamond miners with operations in Africa, are doing or have done to preserve their businesses amid the COVID-19 pandemic and how successful (or lack thereof) are they?