RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Rapaport TradeWire July 18, 2019
...
Research Jul 18, 2019 Rapaport
Rapaport TradeWire July 18, 2019
...
Research Jul 18, 2019 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Diamond market weak due tosummer slowdown and sluggish dealer demand. Manufacturers frustrated by tightprofit margins and hoping for rough price reduction at De Beers July sight. Cuttersmaintaining low polished production due to profit and...
Polished Markets Jul 18, 2019 Rapaport News
Bharat Diamond Bourse
India: Market Still Slow
Fewertransactions than this time last year, despite strong foreign-dealer presencein Mumbai. Buyers looking for bargains amid rumors of tight liquidity andfinancial distress. 0.30 ct. diamonds selling in parcels since prices ofcertified goods...
Research Jul 18, 2019 Rapaport News
Large Canadian rough diamond in palm of hand, GSS
Diamond Glut Prompts De Beers to Slash Production
De Beers has lowered its production forecast for this year,noting that weakness in the diamond trade negatively affected itsperformance in the second quarter.Sales volume slumped 10% to 9 million carats in the threemonths ending June 30 due...
Mining Jul 18, 2019 Rapaport News
Alrosa Lomonosov deposit
Alrosa Falls Victim to Changing Retail Practices
Retailers’ attempts to maintain low diamond inventories are hurtingdemand across the trade, Alrosa warned after reporting its lowest quarterlysales since 2015. The Russian miner’s sales slumped 26% to $807 million in thesecond quarter...
Mining Jul 18, 2019 Rapaport News
Cartier love bracelet 150
China Lifts Richemont Jewelry Revenue
Sales at Richemont’s jewelry brands increased 10% in the first fiscalquarter, as lower value-added tax and customs duties drove purchases in mainland China,the luxury retailer said Thursday. Proceeds from the group’s largest product category...
Retail Jul 18, 2019 Rapaport News
CTF Yoho 150
Chow Tai Fook China Sales Rise
Sales in Chow Tai Fook’s mainland China storesgrew strongly in the first fiscal quarter, while purchases in Hong Kong andMacau slowed. Retail sales jumped 24% in mainland China in the threemonths ending June 30, with...
Retail Jul 18, 2019 Rapaport News
Kay Jewelers 150
Judge Calls Out Signet over Suit Dispute
A New York judge has refused to back down after ruling that Signet Jewelers’ comments about the sexual-harassment claims it was facing could be part of a class-action suit against the retailer.On July 10, Judge Colleen...
Retail Jul 17, 2019 Rapaport News
Coco de Salazar 150
WJA Awards over $65K to 49 Recipients
The Women’s Jewelry Association (WJA) has revealed thewinners of its 2019 Excellence Awards scholarships and grants. The group will award a total of $65,500 — raised through itsAwards for Excellence Gala, individual member donations...
Polished Markets Jul 17, 2019 Rapaport News
Alrosa rough diamonds 150
Alrosa Partners with Zimbabwe Mining Company
Alrosa has agreed to a joint venture with nationalminer Zimbabwe Consolidated Diamond Company (ZCDC) for exploring new diamondprojects in the country. The deal, which provides Alrosa with a 70% stake in any newgreenfield deposits, encompasses...
Mining Jul 17, 2019 Rapaport News
Lucapa replacement pic 150
Lulo Revenue Up in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine doubled to $10 million in the second quarter, reflecting higher volumes and an increase in the average price, the company said Monday.Sales volume surged 63% to 5,573...
Mining Jul 16, 2019 Rapaport News
Gem Diamonds 140 carat 150
Gem Diamonds Unearths 140ct. Rough
Gem Diamonds has recovered a white diamond weighing 140carats, the second over 100 carats it has reported this year. It found the high-quality stone on July 6 at its Letšeng mine in Lesotho, the company said Monday.In...
Mining Jul 16, 2019 Rapaport News
Argyle mine 600
Rio Tinto Output Falls in 1H
Diamond production at Rio Tinto dropped 10% year on year inthe first half of 2019, as the miner recovered lower-grade ore at its Argylemine in Australia. The company’s share of production at the Argyle and Diavik mines came...
Mining Jul 16, 2019 Rapaport News
GIA color grading
GIA Cuts Prices 10% Amid Market Slowdown
The Gemological Institute of America (GIA) has temporarilyreduced grading fees for certain smaller diamonds after recording a drop in submissionsduring the recent industry slump. The organization is slashing prices of reports by 10% forpolished weighing from...
Polished Markets Jul 16, 2019 Joshua Freedman
Antwerp diamond processing AWDC
Belgium’s Rough Trade Hits Decade Low
Belgium’s rough-diamond trade fell in the first half to its lowest level since the financial crisis. Rough imports to the country declined 26% year on year to $4.36 billion during the six months ending June...
Polished Markets Jul 15, 2019 Rapaport News
ABN Amro branch Capelle aan den IJssel
ABN Amro Restricts Rough-Sector Lending
ABN Amro has scaled back its financing of rough-diamondpurchases, citing a lack of profitability in the manufacturing and tradingsectors.The Dutch bank, which mainly lends to rough dealers, will only offer credit without proof of onward sale...
Financial-Legal Jul 15, 2019 Joshua Freedman
Shanghai
Israel, Shanghai Bourses Strengthen Cooperation
Members of the Israel and Shanghai diamond exchanges are set to sign a cooperation agreement during the inaugural Israel Diamond Week that opens in the Chinese city on Tuesday.The three-day event marks the first time...
Polished Markets Jul 15, 2019 Rapaport News
Rio Tinto Argyle pink tender 2019
Rio Tinto Unveils Roster of Pink Diamonds
Rio Tinto has launched what’s likely to be one of its lastannual pink-diamond tenders, as the company gears up to close its flagshipArgyle mine.The Argyle Pink Diamonds Tender, which has run since 1984,comprises rare polished colored...
Polished Markets Jul 14, 2019 Rapaport News
Lab-grown rough diamond
India Differentiates Synthetics Imports
India has introduced an import classification code solely for lab-grown rough diamonds, enabling the industry to keep better watch of syntheticsentering the country.The government has separated the Indian Trade Clarification(ITC) code for rough...
Financial-Legal Jul 14, 2019 Joshua Freedman
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