This is an announcement for the paper "The Daugavet property for spaces of Lipschitz functions" by Yevgen Ivakhno, Vladimir Kadets and Dirk Werner. Abstract: For a compact metric space $K$ the space $\Lip(K)$ has the Daugavet property if and only if the norm of every $f \in \Lip(K)$ is attained locally. If $K$ is a subset of an $L_p$-space, $1<p<\infty$, this is equivalent to the convexity of~$K$. Archive classification: Functional Analysis Mathematics Subject Classification: 46B04; 46B25; 54E45 The source file(s), daugalip.tex: 46665 bytes, is(are) stored in gzipped form as 0509373.gz with size 15kb. The corresponding postcript file has gzipped size 75kb. Submitted from: werner@math.fu-berlin.de The paper may be downloaded from the archive by web browser from URL http://front.math.ucdavis.edu/math.FA/0509373 or http://arXiv.org/abs/math.FA/0509373 or by email in unzipped form by transmitting an empty message with subject line uget 0509373 or in gzipped form by using subject line get 0509373 to: math@arXiv.org.