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Juliet Diamonds
Dealer Holds $30M Diamond ‘Hostage,’ Suit Says
New York-based Global Diamond Group has refused to return a 30-carat pink diamond in an attempt to force the stone’s majority owner into a buyoutdeal, according to a lawsuit.Global, which has the diamond on memo, held the stone“hostage” so that...
Financial-Legal Jun 18, 2018 Rapaport News
Lucapa 150
Lucapa Rough Sale Yields $2M
Lucapa Diamond Company brought in $2 million from a sale ofrough diamonds originating at its Lulo mine in Angola, it said Monday. The miner sold 1,782 carats for an average price of $1,150per carat. The sale did not...
Mining Jun 18, 2018 Rapaport News
AWDC 150
Antwerp Unveils Automated Diamond Polishing
Researchers in Antwerp have developed fully automatedpolishing technology that, they claim, will make the production process 10 to20 times faster. The new equipment, Fenix, will take an hour and a half tocarry out work...
Rough Markets Jun 18, 2018 Rapaport News
Dave Meleski 150
Richline Shakes Up Jewelry Leadership
Richline Group has promoted three team members to executivepositions in its jewelry division, following the appointment of Dave Meleski (pictured) as CEO. Bobby Kempler will take on the newly created role ofpresident of the jewelry segment,...
Retail Jun 18, 2018 Rapaport News
India Diamond Week 150
Chinese Bourse Hosts India Diamond Week
China’s Shenzhen Rough Diamond Exchange (SRDE) hosted anIndia Diamond Week to promote trade between the two countries.The June 13 to 15 event — in partnership with India’s Gem& Jewellery Export Promotion Council (GJEPC) — drew 20 Indian diamondmanufacturers...
Polished Markets Jun 17, 2018 Rapaport News
Pandora 150
Pandora Launches Bangkok Factory
Pandora has opened a new manufacturing center in Bangkok, Thailand,aiming to speed up production and comply with consumers’ sustainability demands. The facility, named Triple A, will produce more than 1.5million pieces of jewelry per week, and...
Retail Jun 17, 2018 Rapaport News
Markette Six founders
New Online Jewelry Marketplace Opens
Markette Six has launched as a secure online platform for trading new and pre-owned jewelry, watches and gems. The website — founded by Justin and Heather Knapp (pictured) — iscurrently live for retailers and jewelers...
Retail Jun 17, 2018 Rapaport News
Karowe Mine 150
Lucara Hires Strategy Executive
Lucara Diamond Corp. has appointed Ayesha Hira as vicepresident for corporate development and strategy. Hira is a former geologist with a background in diamonds,base metals and gold exploration. She later switched to capital markets,focusing on mining companies....
Mining Jun 17, 2018 Rapaport News
Rapaport TradeWire June 14, 2018
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Research Jun 14, 2018 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Polished market stable as Las Vegas shows signal robust US jewelrysector. Chinese retail also improving, spurring optimism for rest of the year. Gooddemand for 0.50 ct. SIs and improving trend for 0.70 ct....
Polished Markets Jun 14, 2018 Rapaport News
India Arch
India: After Vegas, Focus Shifts to Far East
Dealers focused onpost-Vegas follow-up and preparing for next week’s Hong Kong show (June 21 to24). Twenty-two companies participating in India Diamond Week networking event atChina’s Shenzhen Rough Diamond Exchange. Few overseas buyers...
Research Jun 14, 2018 Rapaport News
Ethical Supply Chains Town Hall
Jewelers Talk Industry Ethics at Rapaport Forum
Diamantaires and jewelers discussed ways of creating an ethical diamond supply chain when they gathered at Rapaport’s Town Hall Meeting in Las Vegas. The forum, which took place at the JCK show on June 3, aimed to develop...
Fair Trade Jun 14, 2018 Rapaport News
06 Peter Meeus Chairman Dubai Diamond Exchange
CAR Appoints Peter Meeus as Adviser
The Central AfricanRepublic (CAR) has appointed industry veteran Peter Meeus as a governmentadviser, in line with the nation’s efforts to make its diamond sector compliantwith global standards.Meeus (pictured), asinternational diamond specialist and special adviser,...
Rough Markets Jun 14, 2018 Rapaport News
De Beers 150
De Beers Opens New Hong Kong Store
De Beers Diamond Jewellers has launched a new retaillocation in Kowloon, Hong Kong, its fourth in the municipality. “[The store] reinforces our existing network in greaterChina,” François Delage, CEO of De Beers’ retail operation, said Thursday. “Itis...
Retail Jun 14, 2018 Rapaport News
Sothebys 150
Sotheby’s to Sell Marie Antoinette’s Jewels
Sotheby’s will offer historic jewels from the royal Bourbon-Parma family at its Geneva sale in November, led by pieces that belonged toMarie Antoinette. “It is one of the most important royal jewelry collectionsever to appear on the...
Mining Jun 14, 2018 Rapaport News
Angola
Angola Eyes Antwerp as Ally in Diamond Reforms
Angola is seeking stronger ties with Antwerp as the southernAfrican nation looks to improve the profitability and transparency of itsdiamond sector.The country has failed to benefit sufficiently from itsdiamond resources due to government policies, according to its...
Rough Markets Jun 14, 2018 Joshua Freedman
Ariana Grande 150
Ariana Grande Sports $93K Engagement Ring
Comedian Pete Davidson reportedly proposed to singer ArianaGrande with a 3.03-carat diamond engagement ring. The teardrop-shaped, VVS1-clarity diamond ring is set inplatinum and is surrounded by smaller diamonds, according to news website TMZ.The piece cost $93,000,...
Polished Markets Jun 13, 2018 Rapaport News
Christies 150
20ct. D-Flawless Leads Christie’s Auction
A 20.47-carat flawless diamond ring was the top seller atChristie’s Magnificent Jewels auction in New York on Tuesday.The old-mine, brilliant-cut, D-color, type IIa piece soldfor $2.7 million. Its pre-sale estimate was $2.5 million...
Polished Markets Jun 13, 2018 Rapaport News
Nirav Modi 150
India Seeks Interpol’s Help in Hunt for Modi
Indian authorities have called on Interpol to help trackdown Nirav Modi, according to Reuters, following reports the fugitive jeweleris in the UK. The nation’s federal law-enforcement agency has asked the internationalpolice organization to issue a “red...
Financial-Legal Jun 13, 2018 Rapaport News
Phillips James Marks
Phillips Names New Watch Specialist
Phillips, together with its partner Bacs & Russo, hasappointed James Marks as international watch specialist to oversee thedepartment’s sourcing efforts, the auction house said Monday. Marks (pictured) comes from a finance background, andwas...
Polished Markets Jun 12, 2018 Rapaport News
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