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Stornoway Renard mine 150
Possible Stock Delisting Adds to Stornoway’s Woes
Stornoway Diamond Corporation has until December 20 to comply with Toronto Stock Exchange (TSX) requirements or face a delisting of its common shares. “There can be no assurance that the corporation willsuccessfully regain compliance with the TSX...
Mining Aug 25, 2019 Rapaport News
HK Show informa 150
Hong Kong Show Organizer Calms Trade Concerns
The organizers of the Hong Kong Jewellery & Gem Fair have assured the trade that the September show will take place as planned, and denied claims that exhibitors are requesting it be postponed due...
Polished Markets Aug 25, 2019 Rapaport News
Graff Lesotho Pink ring 150
Graff Reveals Polished Lesotho Pink
Graff has unveiled the polished pink diamond it cut from the13.33-carat rough it purchased from Gem Diamonds in March. The jeweler set the pear-shaped, 5.63-carat, fancy-vivid-purplish-pinkstone in a rose-gold ring. Two pear-shaped shoulder stones, also...
Polished Markets Aug 25, 2019 Rapaport News
Alrosa colored polished diamond HK show 150
Alrosa to Hold Second True Colors Auction
Alrosa will offer more than 200 polished coloreddiamonds at the Hong Kong Jewellery & Gem Fair in September. The True Colors auction will feature a pear-cut, 18.07-carat, intense-yellow diamond which is internally flawless, the...
Polished Markets Aug 25, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polishedinventory levels starting to decline as manufacturers cut production and roughbuying. Small Aug. sight as De Beers lets sightholders reject 50% of goods.Alrosa slashes 2019 sales forecast from 38M cts. to 33M cts. after 2Q revenue-21% to $859M,...
Polished Markets Aug 22, 2019 Rapaport News
India BDB 150
India: Cutters Shifting to Lower-Cost Goods
Slight improvement, withmore US and Israeli buyers looking for bargains in Mumbai. Demand has narrowedto specific categories. Overseas jewelers not yet placing large inventoryorders. Stable demand for 1 ct., G-J, SI-I1 goods for...
Research Aug 22, 2019 Rapaport News
Rapaport TradeWire August 22, 2019
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Research Aug 22, 2019 Rapaport
Asian Star
Asian Star Revenue Down in First Quarter
Revenue and profit at Indian diamond-manufacturer Asian Starfell in the first fiscal quarter, reflecting a slowdown in demand for polished diamonds. Group revenue declined 7% year on year to INR 8.25 billion($114.8 million) in the three months ending...
Retail Aug 22, 2019 Rapaport News
NCDIA Seminar
NCDIA to Hold Colored-Diamond Seminar
The Natural Color Diamond Association will present a study at the Hong Kong Jewellery & Gem Fair on how coloring in diamonds develops. Since 2009, GGTL Laboratories in Liechtenstein has beenanalyzing both natural and lab-grown...
Polished Markets Aug 22, 2019 Rapaport News
NRF July
US Consumer Spending Robust Amid Trade War
US retail sales increased in July, as consumer confidence remained strong despite fears over the escalating trade war. Total purchases— excluding automobiles, gasoline andrestaurants — rose 0.9% compared with June sales and 5.6% year...
Retail Aug 22, 2019 Rapaport News
Podcast
Podcast: Oversupply, Tariffs and Silver Linings
As the trade returns from its summer vacations and starts to look toward the holiday season, the Rapaport editorial team outlines the industry’s prospects for the rest of the year. It’s volatile out...
Polished Markets Aug 22, 2019 Rapaport News
Hong Kong show
Trade Calls to Postpone Hong Kong Show
Three major trade bodies have asked the organizer ofthe Hong Kong Jewellery & Gem Fair to delay the show until the political climate stabilizes. “Currently 30% to 40% of the exhibitors are demanding...
Polished Markets Aug 21, 2019 Rapaport News
Tango Mining
Tango Pulls Out of Angola Diamond Venture
Tango Mining has terminated its service agreement to mineand market diamonds from the Moquita project in Angola. The company, in September, signed on to finance the alluvial project, which is located just north of Lucapa’s Lulomine. While...
Mining Aug 21, 2019 Rapaport News
Swiss Watches
China Drives Swiss Watch Rebound
Swiss watch exports rose in July driven by a rebound in growth in China and the Asia-Pacific market. “Swiss watch exports returned rapidly to growth followingthe downturn in June,” the Federation of the Swiss Watch Industry reportedTuesday. “Hong...
Retail Aug 21, 2019 Rapaport News
Blue Nile
Blue Nile Hires Permanent CEO
Blue Nile has appointed Sean Kell as CEO, ending its searchfor a permanent chief executive, the online jewelry retailer said Tuesday. Hereplaces Eric Anderson, a vice-president at parent company Bain Capital, who filledthe position...
Retail Aug 21, 2019 Rapaport News
Erich Jacobs JBT thumbnail
JBT Names New President
The Jewelers Board of Trade (JBT) has appointed Erich Jacobspresident. He will succeed Richard Weisenfeld, who is retiring. Jacobs joined JBT in 2018 as vice president of informationtechnology, JBT said lastweek. Weisenfeld first became acting presidentin...
Polished Markets Aug 20, 2019 Rapaport News
Pandora store 150 NY
Restructuring Efforts Boost Pandora
Shares in Pandora rose 10% in early trading Tuesday as salesdeclines narrowed in key markets and restructuring efforts led to signs ofrecovery. Global sales fell 2.6% year on year to DKK 4.69 billion($697.2 million) in the second quarter,...
Retail Aug 20, 2019 Rapaport News
Macys
Jewelry Strong for J.C. Penney, Macy’s
Two of the top US department stores noted strong jewelry sales in the second fiscal quarter, even as their overall results were disappointing.J.C. Penney and Macy’s both expressed intentions to invest further in improving their jewelry...
Retail Aug 20, 2019 Rapaport News
Sothebys Anna Hu
Sotheby’s to Sell 100ct. Yellow-Diamond Necklace
Sotheby’s has collaborated with Chinese jewelry designer Anna Hu on a five-piece collection featuring a 100-carat, fancy-intense-yellowdiamond necklace. Hu’s Silk Road Music Collection will go under the hammer atthe October Magnificent Jewels and Jadeite auction...
Polished Markets Aug 20, 2019 Rapaport News
Alrosa
Alrosa Slashes Full-Year Sales Outlook
Alrosa has reduced its sales forecast for this year in light of sluggish rough demand in the second quarter.The company expects to sell between 32 million and 33 million carats of rough diamonds for 2019, compared to its...
Mining Aug 20, 2019 Rapaport News
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