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Rapaport TradeWire September 19, 2019
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Research Sep 19, 2019 Rapaport
Rapaport TradeWire September 19, 2019
...
Research Sep 19, 2019 Rapaport
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Rapaport Weekly Market Comment
Hong Kong show brings fewervisitors, but better-than-expected trading. Serious buyers attending. Fair reflectsspecific Chinese interest and shift to lower-color diamonds. Pockets of gooddemand, with shortages of nice (eye-clean) RapSpec A3+ SIs due to reducedmanufacturing....
Polished Markets Sep 19, 2019 Rapaport News
Diwali 150
India: Some Manufacturers Closing Early for Diwali
Fewer goods and buyersin the local market during the Hong Kong show. Dealers looking to fill specificorders, with very little inventory-buying. Volatile melee market seeing slight improvementin lower price ranges. Polished...
Research Sep 19, 2019 Rapaport News
Lucara
Karowe Yields Two Massive Stones
Lucara Diamond Corp. has recovered a 123-carat, type IIrough and a 375-carat, gem-quality stone from the high-value portion of its Karowemine in Botswana, it said Wednesday. Including the two diamonds, the company has unearthed 29diamonds...
Mining Sep 19, 2019 Rapaport News
Jewelers of America (JA)
Ed Bridge to Receive Lifetime Achievement Honor
Jewelers of America (JA) has named Ed Bridge, chairman of Ben Bridge Jeweler, as the recipient of its 2020 GEM Award for LifetimeAchievement. The GEM Awards honor the outstanding achievements ofindividuals or companies whose work raises...
Retail Sep 19, 2019 Rapaport News
Swiss Watches
American Demand Drives Swiss Watch Exports
Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. “In the US, growth continued to increase regularly, makingit the...
Retail Sep 19, 2019 Rapaport News
Bonhams
Bonhams Auctions Historic Emerald
A historic emerald given to Lady Mary Hood Mackenzie byMughal Emperor Akbar II in 1813 will go under the hammer at Bonhams, the auctionhouse said Tuesday. The Art Deco, Persian-engraved, octagonal-cut Colombianemerald brooch is set in a frame of black...
Polished Markets Sep 19, 2019 Rapaport News
Sarine
Sarine, NGTC Partner on Grading Standards
Sarine Technologies is collaborating with China’sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC’s extensive...
Polished Markets Sep 19, 2019 Rapaport News
HK Show
Hong Kong Fair Prioritizes Buyer Incentives
The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
Polished Markets Sep 18, 2019 Joshua Freedman
GIA
GIA Names New Mineral Johnkoivulaite
The Gemological Institute of America (GIA) has confirmed anew mineral species discovered in Myanmar, which it has called johnkoivulaite. The organization named the substance in honor of renownedmicroscopist and GIA researcher John Koivula. The 40-year...
Polished Markets Sep 18, 2019 Rapaport News
Alrosa Kristall
Alrosa Expects Kristall Merger in September
Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
Polished Markets Sep 18, 2019 Rapaport News
Magazine men's jewelry
Men’s Jewelry on the Rise
It seems men are tired of letting women do all thesparkling. In September 2018, The New York Times printed a story aboutthe growing popularity of men’s jewelry, tying the trend to the introduction ofmen’s fashion weeks and...
Retail Sep 18, 2019 Lara Ewen
Gem Diamonds
Gem Diamonds Unearths 127ct. Rough
Gem Diamonds has recovered a diamond weighing 127 caratsfrom its Letšeng mine in Lesotho. The miner found the D-color, type II stone on September 11,it said Monday. The diamond is the fourth white stone of that...
Mining Sep 18, 2019 Rapaport News
Hong Kong Show
Sentiment Cautious as Hong Kong Show Starts
Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
Mining Sep 16, 2019 Joshua Freedman
Jewelry store sales
US Jewelry-Store Sales Fall in First Half
Sales at specialist jewelry stores in the USslipped 5% year on year to $14.39 billion in the first half, according to datafrom the nation’s census bureau. Monthly figures for January to June all droppedcompared with the same time...
Retail Sep 16, 2019 Rapaport News
Petra
Petra’s Loss Widens in Weak Market
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner reported its loss had broadened due to a devaluation of itsfour deposits. The company reported a net loss of $258.1 million for theperiod ending June 30,...
Mining Sep 16, 2019 Rapaport News
NRF August
US Retail Revenue Robust Ahead of Tariff Hike
US retail sales rose in August, even as consumer confidence slipped slightly from the previous month amid the escalating trade war. Total sales — excluding automobiles, gasoline andrestaurants — rose 0.4% compared with July and...
Retail Sep 16, 2019 Rapaport News
CIBJO Gen Z
CIBJO Urges Trade to Woo Gen Z-ers
Understanding the newest generation of jewelry-buyingconsumers is imperative for the industry to thrive, the World JewelleryConfederation (CIBJO) stressed last week ahead of its upcoming congress inBahrain. Members of Generation Z, which includes consumers aged 15 to25, will...
Retail Sep 15, 2019 Rapaport News
De Beers
De Beers Finds Buyer for Namibia Mine
De Beers has sold the Elizabeth Bay mine for NAD 120 million ($8.2 million), a year after it ceased operations at the deposit. The miner chose Lewcor Group, a 100% Namibian-ownedconsortium, following an extensive search for...
Mining Sep 15, 2019 Rapaport News
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