RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Students learning to sort rough diamonds in De Bee
De Beers Delays New Sightholder Contract
De Beers has extended its current sightholder contract by three months after the Covid-19 pandemic disrupted the renewal process.The supply agreement, originally due to expire on December 31, will remain in place until March 31,...
Rough Markets Oct 26, 2020 Joshua Freedman
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Oct 26, 2020 Rapaport News
Rough diamonds in Calgary offices De Beers
De Beers Notes Recovery Ahead of Holidays
De Beers’ sales and production rebounded in the third quarter as the impending holiday season revitalized the diamond market following months of slow sales.Rough sales totaled 6.6 million carats during the three months ending...
Mining Oct 22, 2020 Rapaport News
De Beers Industry Services grading Surat
India Rushes to Meet US Holiday Demand
Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished.Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months...
Manufacturing Oct 22, 2020 Joshua Freedman
Rio Tinto 150
Rio Tinto to Sell Final Argyle Specials
Rio Tinto will launch a tender of large rough diamonds, including the last of its special stones from the Argyle deposit in Australia.The miner will feature 28,399 carats of special-sized rough — weighing more than 10.8...
Mining Oct 21, 2020 Rapaport News
Swiss Watches 150
Swiss Watch Exports Still Slow to Recover
Swiss watch exports continued to decline in September, with China the only country to see an improvement.Total shipments fell 12% year on year to CHF 1.6 billion ($1.77 billion), the seventh consecutive monthly decrease. Although the...
Retail Oct 20, 2020 Rapaport News
Dominion Ekati 150
Dominion in Flux as CEO Resigns
Patrick Merrin has stepped down as interim CEO of Dominion Diamond Mines, deeming it “appropriate” to focus on his position at the rough producer’s parent company.Merrin, who is chief operating officer at the Washington Companies, took on the lead...
Mining Oct 20, 2020 Leah Meirovich
Podcast Oct 2020
Podcast: Cash, Credit and Covid-19
The coronavirus crisis has split US jewelers into haves and have-nots, Jewelers Board of Trade (JBT) president Erich Jacobs told the Rapaport Diamond Podcast.Digital-savvy businesses have thrived while less advanced competitors — or those...
Financial-Legal Oct 20, 2020 Joshua Freedman
Chow Tai Fook store Chengdu China
China Resurgence Lifts Chow Tai Fook
Retail sales at Chow Tai Fook grew 2.6% year on year in the second fiscal quarter as a strong recovery in China outweighed continued weakness in Hong Kong.Sales rose 21% on the mainland while slumping 52% in Hong Kong...
Retail Oct 18, 2020 Rapaport News
LVMH 150
LVMH Jewelry and Watch Revenue Slides
LVMH’s jewelry and watch sales declined in the third quarter, even as a recovery in China buoyed sales, the company said last week.Revenue for the category fell 14% to EUR 947 million ($1.11 billion) for...
Retail Oct 18, 2020 Rapaport News
Michael Hill store 150
Michael Hill Sees Rise in Same-Store Sales
Australian jeweler Michael Hill reported an improvement in same-store sales during the first fiscal quarter amid a rise in online shopping and an increased desire for branded jewelry.Same-store sales — at branches open more than a year — rose...
Retail Oct 14, 2020 Rapaport News
Rough diamond De Beers
De Beers September Sales Soar 57%
De Beers has registered its highest sales total since January, as rough demand has improved ahead of the fourth-quarter holiday season.The company sold $467 million of rough during its September sales cycle, the eighth...
Polished Markets Oct 14, 2020 Rapaport News
TSL Malaysia story
Tse Sui Luen Expects Loss Amid Tourist Slowdown
Hong Kong-based jeweler Tse Sui Luen (TSL) expects to incur a net loss of at least HKD 40 million ($5.2 million) for the first fiscal half as the Covid-19 pandemic depressed the company’s sales.The loss for...
Polished Markets Oct 13, 2020 Rapaport News
Jewelry store window
Pandemic Boosting Demand for Secondhand Luxury
The global market for secondhand hard-luxury goods is benefiting from emerging consumer trends that have intensified during Covid-19, according to Boston Consulting Group (BCG). The category is growing by 8% per year, the management firm...
Retail Oct 12, 2020 Rapaport News
Antwerp Diamond Bourse
Hong Kong Show Cancellation Hits Belgium Trade
Belgium’s polished shipments slumped last month as the cancellation of the September Hong Kong show and continued uncertainty around Covid-19 stalled the sector’s recovery.“Rough is performing really well; polished is still somewhat subdued,” a spokesperson...
Polished Markets Oct 12, 2020 Rapaport News
Alrosa
Alrosa Sees Continued Improvement in Sales
Alrosa’s sales rose for a second consecutive month in September as manufacturers returned to buying following a lengthy period of inactivity.Revenue from diamonds grew 30% year on year to $336 million, with rough sales up 28% to $328.2 million, the...
Rough Markets Oct 11, 2020 Rapaport News
Pandora  charm bracelet 150
Pandora Raises Full-Year Forecast
Shares in Pandora jumped 17% Friday after a surge in online sales and the reopening of most of its stores led the company to lift its guidance for the full year.The Danish jeweler now expects revenue...
Retail Oct 11, 2020 Rapaport News
DDG 150
Diamonds Do Good Awards Industry Grants
Diamonds Do Good will hand out $150,000 in grants to support members of the industry who most need assistance with maintaining their programs, it said Tuesday.The nonprofit, which helps develop diamond communities and empower local...
Rough Markets Oct 07, 2020 Rapaport News
NRF 150
US Retailers Plan Longer Holiday Season
A number of US retailers will launch their holiday sales earlier this year as a way to prevent overcrowding by last-minute shoppers and minimize health and safety risks.“Retailers are prepared for an early start to the shopping season, offering...
Retail Oct 04, 2020 Rapaport News
Nishit Parikh
Nishit Parikh Stepping Down as AWDC President
The Antwerp World Diamond Centre (AWDC) has reshuffled its leadership team, with president Nishit Parikh retiring and six new members joining the board.Parikh, the CEO of Diarough, chose not to run again...
Polished Markets Oct 01, 2020 Rapaport News
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us