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Sarine Files India Lawsuit 150
Sarine, Chinese Lab Debut Light-Performance Report
Sarine Technologies has partnered with China’s National Gemstone Testing Center (NGTC) to offer light-performance reports for a leading jewelry supplier in the region.The co-branded reports for high-end Chinese jewelry designer, manufacturer and wholesaler...
Retail Sep 16, 2020 Rapaport News
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
Polished Markets Sep 15, 2020 Rapaport News
Chow Sang Sang store 150
Chow Sang Sang Turns Focus to China
Jeweler Chow Sang Sang will open more than 40 new stores in China by the end of the year, while closing a number of locations in Hong Kong.“Despite all the uncertainties brought on by the pandemic and geopolitical strife,...
Retail Aug 30, 2020 Rapaport News
Tiffany
Tiffany Sees Glimmer of Hope as Profit Slumps
Tiffany & Co. reported a sharp decline in profit in the second fiscal quarter but noted sales have returned to pre-pandemic levels in August. “Our global sales trends have strengthened in August, with preliminary month-to-date worldwide...
Retail Aug 27, 2020 Rapaport News
Forevermark diamond ring
Diamonds High on Holiday Gift Lists
Consumers are showing strong interest in buying diamonds for their loved ones this holiday season, seeing a need to give something special following an uncertain year, according to a survey by De Beers.In the US, almost 60% of men...
Retail Aug 11, 2020 Rapaport News
Hong Kong skyline
Hong Kong Trading Hits New Low
Polished-diamond imports into Hong slumped in the second quarter as the Covid-19 pandemic damaged local demand. Shipments into the municipality fell 45% year on year to $2.24 billion, the weakest for any quarter since...
Polished Markets Aug 09, 2020 Rapaport News
HK skyline
Hong Kong Retail Takes ‘Austere’ Turn
Hong Kong’s retail market took a turn for the worse this month amid the coronavirus’s resurgence, reversing a slight improvement in June, the government cautioned Thursday.The municipality has entered a third wave of infections, prompting...
Retail Jul 30, 2020 Rapaport News
Bulgari store in Ginza, Tokyo.
LVMH Revenue Dives as Tourism Dries Up
LVMH, which owns Bulgari and Chaumet, saw sales of watches and jewelry slump in the first half of 2020 as the coronavirus reduced tourist spending and affected demand from wholesale customers.The category endured the...
Retail Jul 28, 2020 Rapaport News
Watchmaker
Watch Exports to Hong Kong and US Still Weak
Swiss watch exports dropped heavily in June as continued slowdowns in Hong Kong and the US outweighed a recovery in China.Total shipments fell 35% year on year to CHF 1.13 billion ($1.21 billion), the fourth consecutive monthly decline,...
Watches Jul 21, 2020 Rapaport News
Harry Winston London.
Virus Hits Swatch Group’s Bottom Line
Swatch Group, the owner of Harry Winston and Omega, recorded the first half-year loss in its history as the coronavirus devastated sales from February onward.Sales dived 46% to CHF 2.2 billion ($2.34 billion) in the...
Retail Jul 21, 2020 Rapaport News
HK Show Sept 2019
September Hong Kong Show Now in November
The September Hong Kong show has been postponed to November due to the coronavirus and related travel restrictions, organizer Informa Markets said Wednesday.Jewellery & Gem World (JGW) Hong Kong, formerly the September...
Polished Markets Jul 08, 2020 Rapaport News
Melee polished diamonds being graded and organised
India Extends Import Curbs as Surat Shuts Again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 01, 2020 Joshua Freedman
Chow Tai Fook Montage
Chow Tai Fook Expanding China Store Count
Pandemic or not, Chow Tai Fook has no intention of slowing its expansion into China, with plans to open approximately 450 stores on the mainland during the current fiscal year, managing director Kent Wong told...
Retail Jun 29, 2020 Avi Krawitz
Grib Diamonds
Rough Prices Climb at Grib Auction in Antwerp
Grib Diamonds noted a modest increase in rough prices versus pre-lockdown levels as demand returned following a two-month pause in sales.The Belgian company, which sells production from AGD Diamonds’ Grib mine in Russia, brought in just over...
Rough Markets Jun 18, 2020 Rapaport News
Chow Tai Fook
Chow Tai Fook Sees Dim Hong Kong Outlook
Chow Tai Fook expects sales in Hong Kong to remain weak after reporting a sharp slump in revenue and profit due to the coronavirus. Consumer demand was slow in the municipality in April and May as tourists stayed...
Retail Jun 11, 2020 Rapaport News
Tiffany China  store 150
Tiffany Sees ‘Robust Recovery’ in China
Tiffany & Co. reported a strong rebound in its operations in mainland China during April and May, after Covid-19 lockdowns resulted in heavy first-quarter losses for the jeweler. “While sales in key markets like the...
Retail Jun 09, 2020 Rapaport News
Hong Kong Victoria Harbour.
Hong Kong Polished Imports Slump
Polished-diamond imports into Hong Kong plummeted 54% to $2.33 billion in the first three months of 2020, reaching their lowest quarterly total since 2009, as the coronavirus hit demand. Polished exports fell 45% to $2.12...
Polished Markets May 27, 2020 Rapaport News
Polished Diamonds
Diamond Markets Reflect Uncertain Outlook
RAPAPORT PRESS RELEASE, May 5, 2020, Las Vegas… Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The...
Polished Markets May 05, 2020 Rapaport
Melee diamonds at De Beers Group Industry Services
India’s Cutting Sector Faces Decade-Low Revenues
India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory has built up, a credit agency has warned.Diamond sales will decline up to 32%, to $13 billion to $15 billion,...
Polished Markets Apr 28, 2020 Rapaport News
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