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Antwerp Diamond Bourse 150
Belgian Exports Falter in November
Belgium’s polished trade dropped in November, according todata from the Antwerp World Diamond Centre. Exports fell 11% amid a loweraverage price, with volumes down 1%. Rough shipments also declined. However,polished trading is up for...
Polished Markets Dec 18, 2018 Rapaport News
De Beers sight 150
De Beers Sales Rise After Diwali Break
De Beers sold $540 million of rough diamonds in its Decembercycle, buoyed by the return of Indian manufacturers from their seasonal holidayshutdown, the company said Tuesday. Revenue from the 10th cycle, including last week’s sight...
Mining Dec 18, 2018 Rapaport News
Bharat Diamond Bourse 150
India’s Diamond Trade Slows in November
The Indian trade fell by most key measures in November,according to data from the Gem & Jewellery Export Promotion Council(GJEPC). Polished exports slid to their lowest level since December 2016, when demand dropped in the...
Polished Markets Dec 18, 2018 Rapaport News
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
Polished Markets Dec 18, 2018 Joshua Freedman
Gems and Gemology LPHT CVD pink 150
Pink Synthetic Displays Rare Treatment
A pink diamond recently submitted to the Central GemLaboratory (CGL) in Tokyo was found to be a chemical vapor deposition (CVD)synthetic stone, treated only with Low Pressure-High Temperature (LPHT). The marquise brilliant-cut, 0.192-carat diamond is an unusualfind, as stones...
Research Dec 17, 2018 Rapaport News
Chow Tai Fook MoU Tencent 150
Chow Tai Fook to Accept WeChat Payments
Chow Tai Fook has signed a memorandum of understanding(MoU) with online giant Tencent that will enable its customers to completetransactions using WeChat Pay, the Hong Kong-based jeweler said Monday. Beginning next year, Chow...
Retail Dec 17, 2018 Rapaport News
Trans Hex rough diamonds 150
Asset Sale Puts Trans Hex Back in Black
Trans Hex Group’s sale of its Lower Orange River (LOR)project has brought the South African diamond miner back to profitability.Company profit came to ZAR 52 million ($3.6 million) for thefirst fiscal half ending September...
Mining Dec 16, 2018 Rapaport News
Adobe smartphone shopping credit Shutterstock 150
Mobile Shopping Drives Jump in Online Sales
US e-commerce sales grew 19% in the first five weeks of theholiday season, making it the biggest online-shopping period of all time,according to Adobe Analytics. Revenues came to $80.3 billion between November 1 andDecember 6, compared with $67.7 billion...
Retail Dec 16, 2018 Rapaport News
Firestone 46 carat 150
Firestone Digs Up 46ct. Rough Diamond
Firestone Diamonds’ stock price rose more than 11% Friday afterthe company announced it had unearthed a 46-carat white diamond at itsLiqhobong mine in Lesotho. The stone — which the miner recovered undamaged — willgo on sale at the...
Mining Dec 16, 2018 Rapaport News
Dominion 553 carat yellow 150
Dominion Recovers 553ct. Yellow Diamond
Dominion Diamond Mines has unearthed the largest knowngem-quality diamond found in North America, it said last week. The company recovered the 552.74-carat yellow diamond in Octoberat its Diavik mine in Canada’s Northwest Territories. It beats...
Mining Dec 16, 2018 Rapaport News
Rapaport TradeWire December 13, 2018
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Research Dec 16, 2018 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Dealers and jewelers optimistic for last-minute holiday sales. Multi-channeldigital and experiential retail are key themes this season, with rising numberof pop-up stores and webrooms. Trade shifting east, with improving Chinese...
Polished Markets Dec 13, 2018 Rapaport News
De Beers sight box
De Beers Ready to Relax Its Provenance Rules
De Beers is planning to loosen its source-disclosure restrictions for sightholders following requests for increased transparency, Rapaport News has learned.The company consulted with clients during this week’s sightin Botswana, proposing to let them refer...
Rough Markets Dec 13, 2018 Joshua Freedman
India Arch
India: Polished Inventories High
Cautious sentiment as trading slows ahead of theChristmas break. Fewer foreign buyers in the market. Demand concentrated onSI-I1 goods. Rough market restrained as manufacturers are holding largepolished inventory, particularly lower-value goods. Small diamond and...
Research Dec 13, 2018 Rapaport News
Christie's pink diamond Nov 2018 Geneva
Blues, Pinks Spur Christie’s $492M Total
Jewelry sales at Christie’s garnered a combined $492.3million this year, driven by expensive blue and pink diamonds. The company’s top-selling piece was the Winston Pink Legacy,a rectangular-cut, 18.96-carat, fancy-vivid-pink diamond, which sold in Genevalast...
Polished Markets Dec 13, 2018 Rapaport News
Fortuna blue 150
3ct. Blue Sells for $1.4M at Fortuna
Fortuna recorded its largest auction to date as a blue diamond ring fetched $1.4 million in New York earlier this month. The pear-shaped, 3.05-carat, fancy-intense-blue, SI2-claritydiamond ring surrounded by pink diamonds had a presale estimate of $1.2...
Polished Markets Dec 13, 2018 Rapaport News
TAGS
Trans Atlantic Dubai Tender Grosses $46M
Trans Atlantic Gem Sales (TAGS) sold $46.4 million worth ofrough diamonds during a tender in Dubai in late November and early December, itsaid Wednesday. The company sold 97,841 carats of high-quality stones frommines in South...
Rough Markets Dec 13, 2018 Rapaport News
CJA
Canadian Jewelry Group Seeks New Chief
Brian Land has left his position as executive director ofthe Canadian Jewellers Association (CJA) after completing an 18-month contractwith the trade group. The CJA hired Land on a temporary basis in August 2017 tomanage its...
Rough Markets Dec 12, 2018 Rapaport News
Fossil EVP
Fossil Group Hires Ex-Pandora Exec
Fossil Group has appointed former Pandora chiefmerchandising officer Beth Moeri as executive vice president of portfoliobrands. Moeri, who was an executive at the Danish charm jeweler for morethan six years, will be responsible for Fossil’s...
Retail Dec 12, 2018 Rapaport News
Bain
India Strengthens Position in Diamond Cutting
India increased its dominance in cutting and polishing last year due to relatively low costs that gave it a competitive advantageover China, according to Bain & Company. The Indian diamond-manufacturing industry grew 11% in 2017,outpacing the...
Rough Markets Dec 12, 2018 Rapaport News
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