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Tinto Rio
Production Falls in Rio Tinto’s Third Quarter
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 17% drop in production in the third quarter. Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday....
Mining Oct 16, 2018 Rapaport News
Gem Diamond
Gem Diamonds Recovers 357ct. Rough
Gem Diamonds has unearthed a 357-carat diamond at its Letšengmine in Lesotho, it said in a Twitter post Monday. The light-brown stone, which the miner said is of “highquality,” is the 13th rough diamond over 100 carats the company...
Mining Oct 15, 2018 Rapaport News
Rough Emerald 150
CIBJO Urges Better Control of Gemstone Supply
Countries should designate locations where colored gemstonesenter the market in a bid to ensure the integrity of the industry’s supplychain, according to the World Jewellery Confederation (CIBJO). CIBJO president Gaetano Cavalieri called for the introduction...
Fair Trade Oct 15, 2018 Rapaport News
SA Birth
Japan Jeweler Debuts Ginza Store and Brand
The Uchihara Group will open a store in Ginza, Japan, and launch a new brand of jewelry at more affordable pricesthan its signature SA Birth collection. The new line — SA Birth Ginza —is a reinvented version of the original...
Retail Oct 15, 2018 Rapaport News
RapNet Trade Center
RapNet Launches New Trade Center
RAPNET PRESS RELEASE, October 15, 2018, Las Vegas… RapNet, theworld’s leading diamond trading network, is proud to announce the launch of theRapNet Trade Center. This marks a major strategic development for RapNet by providing memberswith...
Polished Markets Oct 15, 2018 Rapaport
Pandora Stock Soars Amid Takeover Rumors
Shares in Pandora spiked late last week followingspeculation the company had hired an adviser to negotiate a possible buyout. The jeweler has called on Rothschildfor guidance on how to handle potential buyers, according to a Danish-languagereport on news site Inside...
Retail Oct 15, 2018 Rapaport News
Michael Hill Canada store 150
Lack of Marketing Hits Michael Hill
Michael Hill’s sales fell 9% in the first fiscal quarter asthe retailer underestimated how much marketing it needed for its strategicshift away from discounting, the company said. Group revenue fell to AUD 112.1 million...
Retail Oct 14, 2018 Rapaport News
Alrosa 108 carat diamond 150
Alrosa’s New York Auction Yields $8M
Alrosa sold $7.9 million worth of rough at a large-stoneauction in New York, the Russian miner said Friday. More than 90% of the diamonds on offer — each over 10.8carats — found a buyer at the auction from September 17 to October...
Mining Oct 14, 2018 Rapaport News
Botswana Finance Agreement 150
Financiers Pledge $125M to Botswana Trade
Three financial institutions have agreed to guarantee a $125million loan to Botswana’s diamond-manufacturing industry to strengthen thenation’s economic growth.The US government’s Overseas PrivateInvestment Corporation (OPIC) has partnered with Botswana Finance — a subsidiary of diamond-manufacturingcompany Lazare Kaplan International...
Rough Markets Oct 14, 2018 Rapaport News
Princess EUgenie Wedding
Emeralds Top Princess Eugenie’s Wedding Look
Princess Eugenie’s bridal jewels were all about emeralds ather wedding to Jack Brooksbank on Friday. The UK royal wore a headpiece made of brilliant- and rose-cutdiamonds pavé-setin platinum, with a large emerald center stone surrounded by six...
Polished Markets Oct 14, 2018 Rapaport News
Renard mine 150
Stornoway Notes Weak Indian Demand
Stornoway Diamond Corporation’s average price fell quarteron quarter in the three months ending September 30 due to weakness in theIndian market, it said last week. Prices of smaller and lower-quality stones have decreased sinceJuly due to challenging...
Mining Oct 14, 2018 Rapaport News
De Beers Jewellers
Correction: De Beers Jewellers
An article entitled “De Beers Jewellers Sees Sales Drop” — published on Diamonds.net and the NewsBrief on Wednesday, October 10, 2018, and in the TradeWire on Thursday, October 11, 2018 — was inaccurate. It referred to De Beers Jewellers’ 2017...
Retail Oct 14, 2018 Rapaport News
Rapaport TradeWire October 11, 2018
Research Oct 14, 2018 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Polished trading back to normal after Jewish and Chinese festivals,but activity below previous Oct. levels. Expectations rising for US holidayseason, with focus on improving omni-channel offerings. Retailers taking moregoods on memo. Jewelers of America launching...
Polished Markets Oct 11, 2018 Rapaport News
Bharat Diamond Bourse
India: Local Dealers Under Pressure
Slight improvement in trading, with more foreignbuyers in Mumbai for Bharat Diamond Week (Oct. 8 to 10). Local dealers underpressure due to weak rupee (-14% since beginning of year to INR 74.27/$1 onOct. 10). Smaller manufacturers closing...
Research Oct 11, 2018 Rapaport News
Record Average Price Lifts Belgium Exports
Belgium’s polished-diamond exports increased 5% in the thirdquarter as the average price hit a record high of $2,542 per carat. TheSeptember rate of $2,727 per carat was also the country’s loftiest result forany month, according to Rapaport...
Polished Markets Oct 11, 2018 Rapaport News
Trans Atlantic:
Trans Atlantic Reaps $31M at Dubai Tender
Trans Atlantic Gem Sales (TAGS) sold $30.6 million worth ofrough diamonds during a tender it held in Dubai in late September and earlyOctober, it said Wednesday. The company sold 41,335 carats of high-quality stones frommines in South...
Rough Markets Oct 11, 2018 Rapaport News
Gassan Diamond factory in Amsterdam
CIBJO Won’t Bow to FTC Diamond Definition
The World Jewellery Confederation (CIBJO) is likely tokeep the word “natural” in its definition of diamonds for the time being,according to the organization’s president.The Switzerland-based group will probably not amend theentry in its Blue Book...
Financial-Legal Oct 11, 2018 Joshua Freedman
Chow Tai Foo
Chow Tai Fook Partners with Vera Wang
Chow Tai Fook will debut a new bridal-jewelry collection inpartnership with designer Vera Wang, it said Thursday. The Hong Kong-based retailer will launch the line — calledVera Wang Love — in mainland China on October 19....
Retail Oct 11, 2018 Rapaport News
Large Stones Boost Alrosa Sales
Alrosa’s sales climbed 9% year on year to $338.7 million inSeptember due to strong demand for large stones, the miner saidWednesday.Higher sales in the 2-carat-plus and 10.8-carat-plus categories boosted the overall result, Alrosa deputy CEO...
Mining Oct 10, 2018 Rapaport News
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