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Martin Rapaport New Year Message

Dec 20, 2018 11:00 AM   By Martin Rapaport
Dear Friends,

Greetings and best wishes for a happy, healthy, prosperous and peaceful New Year.

The New Year is an important time for introspection. For thinking about our past, present and future.

This New Year has special importance for the Rapaport Group as we celebrate 40 years of continuous publication of the Rapaport Diamond Report. While it is nice to announce longevity, celebrate survival and share perspective, the key issue before us is – what now? What should the Rapaport Group be doing after 40 years? What goals should we have for the future?

Obviously, we will stay true to our values of creating ethical, transparent, competitive, efficient markets. We will continue to introduce innovations that add value and make money for our clients and ourselves. We will continue to promote good and speak out against wrong. But is that enough? Is there more that we can and should do?

Fair Trade

After careful consideration, the Rapaport Group has decided to celebrate its 40-year anniversary by dedicating itself to the creation of sustainable markets for ethically sourced and fair-trade diamonds and jewelry. While we will continue to support all legitimate ethical market participants regardless of size, we will dedicate special resources and efforts to smaller market participants. In particular, we will go out of our way to create benefit and markets for artisanal diggers in Africa and small-scale manufacturers in India.

Our first project will focus on artisanal diggers in Sierra Leone. We will support government efforts to provide tangible benefits to diggers that sell through legitimate markets. For more information about our efforts, please read this week’s Bloomberg article “The Quest for a Moral Diamond,” and view the “Peace Diamond Video” and the “Sierra Leone Diggers Speak” video.

I am also pleased that for the first time ever, the village of Koryardu now has solar-powered lighting and electricity. See video here. It should be clear that the more our industry and government benefit artisanal miners, the more diamonds will be sold through legitimate channels. Our goal is to create a virtuous cycle of benefit and taxation that will legitimize the artisanal sector and its diamonds.

Rapaport Travel Opportunities

So as to promote relationships and communication within diverse sectors of the diamond industry, the Rapaport Group is organizing two important trade missions. The trip to Sierra Leone will take place from Monday, April 1, to Thursday, April 4, and the Surat, India, trip will take place from Monday, April 8, to Thursday, April 11.

Both trips will be led by Martin Rapaport and will include all ground arrangements. There will be optional add-on trips for interested parties. Please note that we are in the process of initial planning, and detailed information will only be available mid-January. If you would like to travel with us, please email travel@rapaport.com as soon as possible, as space will be strictly limited.

Conclusion

The New Year will bring many new opportunities and challenges. Let us use the opportunity of the New Year to dedicate ourselves to new ideals and ideas that will raise us to higher levels of community consciousness. Let us recognize that the diamond business is about much more than making money. It is about people and the good that we can do helping others.

Let us consider that there is a reason G-D gave diamonds to the poorest people and made the richest people desire them. Improving the lives of artisanal diggers is Tikkun Olam – making the world a better place.

If my words have created interest, please contact me directly at rap@diamonds.net.

With best wishes to you and yours for a happy, healthy, prosperous and peaceful New Year.

Martin Rapaport
Chairman
RAPAPORT

rap@diamonds.net

For additional information about Rapaport Fair Trade Efforts, view the following links:

Bloomberg Article: “The Quest for a Moral Diamond”
Peace Diamond Video
Sierra Leone Diggers Speak
Rapaport Brings Light to Koryardu
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