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Titan Records Growth over Diwali Season
Same-store jewelry sales at Titan Company grew during the thirdfiscal quarter, signaling strong demand for branded jewelry during the Diwali and Dussehra festivalperiod, the Indian retailer said. “Customer demand was buoyant...
Retail Jan 06, 2019 Rapaport News
De Beers
De Beers Sales Slip to $440M
De Beers recorded its lowest-value sales cycle this year asweak Indian demand prompted it to drop prices of cheaper goods. Proceeds fell to $440 million in November as the miner reducedprices by high-single-digit percentages for rough diamonds costing...
Rough Markets Nov 20, 2018 Rapaport News
De Beers
De Beers Cuts Prices of Cheaper Rough
De Beers significantly reduced prices of lower-quality rough diamonds at this week’s sight in response to a slowdown in the Indian manufacturingsector, dealers reported. Prices fell by high-single-digit percentages versus theprevious sale, sightholders told Rapaport News Tuesday. The...
Rough Markets Nov 13, 2018 Joshua Freedman
Mountain Province
Indian Slowdown Dents Mountain Province
Mountain Province’s sales dropped at its October tender amid a weaker Indian market, the miner said last week. The company sold 366,505 carats of rough diamonds from its GahchoKué mine for $24.2 million,...
Mining Oct 22, 2018 Rapaport News
Forevermark Ring replacement 2
Indian Ad Campaigns Target Millennial Women
India’s diamond industry is ramping up its marketing campaignsbefore the Diwali holiday by appealing to young, independent female consumers. Forevermark, De Beers’ diamond jewelry brand, has launched “TheBetter Half Within,” a range of digital, social-media, radio and...
Marketing Sep 26, 2018 Rapaport News
Titan Sees Third-Quarter Growth 150
Titan Sees Third-Quarter Growth
Titan Company’s sales grew in the fiscal third quarter, buoyed bya healthy Diwali season and recent government regulations that favored thejewelry business.Revenue rose 7% year on year to $670.4 million (INR 42.96 billion),while profit...
Retail Feb 06, 2018 Rapaport News
Titan 150
Titan Sales Rise over Indian Festivals
Titan Company’s jewelry sales grew by a “double-digit”percentage during India’s September and October festivals, the retailer said.Dussehra and Diwali, two of the main holidays in the year,occurred in different fiscal quarters at the end of 2017, meaning...
Retail Jan 04, 2018 Rapaport News
Gahcho Kue processing plant
Rough Demand Firm at Gahcho Kué Sale
Mountain Province Diamonds reported solid demand at itsNovember sale as positive retail sentiment in the US and Asia translated intoimproved rough trading. The miner sold $19 million of rough diamonds from its GahchoKué mine, with...
Mining Nov 28, 2017 Rapaport News
India gemologist inspecting gemstone
India’s Diamond Trade Slows in October
India’s diamond trade showed a significant slowdown inOctober as dealers and manufacturers took vacation for the Diwali festival. Polished-diamond exports slid 23% to $1.93 billion, according to data recently published by the Gem & Jewellery...
Polished Markets Nov 23, 2017 Rapaport News
De Beers Victor Mine
Rough Trade Cautious at $455M De Beers Sale
Dealers reported a difficult but stable rough market as DeBeers’ November sight closed with a value of $455 million — 4% lower than thesame period a year ago.The rough market improved slightly from the October sight,which was...
Rough Markets Nov 14, 2017 Joshua Freedman
Bharat Diamond Bourse
India’s Polished Exports Grow in September
India’s polished-diamond exports increased 6% year on yearto $2.65 billion in September, according to data the nation’s Gem &Jewellery Export Promotion Council (GJEPC) recently released.By volume, exports rose 24% to 3.9 million carats, with theaverage...
Polished Markets Oct 22, 2017 Rapaport News
Alrosa Sorting
Alrosa Sales Drop Due to Early Diwali
Alrosa’s sales fell sharply in September as Indian cuttingfactories prepared to close ahead of the Diwali festival this month, the miner said last week.Total rough- and polished-diamond sales dropped 32% year on year to $309.7 million,...
Mining Oct 15, 2017 Rapaport News
Fire Drags Dominion to Operating Loss
Dominion Diamond Corporation reported somber thirdfiscal quarter results as a fire at its Ekati mine in Canada led to $22.4 million in fixed or standby costs of running the mine.Sales slumped 29 percent to $102.7 million in the threemonths that ended...
Mining Dec 12, 2016 Rapaport News
Rough loupe
Analyst Warns of Rough Price Pressure
New diamond mines may force rough prices down next year becauseof increased supply, according to Panmure Gordon.Three mines in Canada will enter the rough market early nextyear: Firestone Diamonds’ Liqhobong mine, Stornoway...
Mining Nov 21, 2016 Rapaport News
Yury Okoemov ALROSA
ALROSA October Sales Hit $431M
ALROSA said rough diamond sales totaled $430.8 million inOctober as demand remained strong despite disruptions caused by the Diwalifestival in India. The revenue represents a decline from $435.1 milliona month ago but is still relatively...
Rough Markets Nov 15, 2016 Rapaport News
Diwali Jewelry Sales Rise on Lower Gold Prices
Jewelrysales in India improved during the Diwali festival as lower gold prices helpedrelease months of pent-up demand.Retail activity increased year on year during the period which includesDhanteras on October 28, a gold-buying festival, and Diwali on October...
Retail Nov 08, 2016 Rapaport News
Taj Mahal India
Titan Boosted by Steady Diamond Jewelry Sales
Titan Company’s profit grew 23.5 percent in the secondfiscal quarter as the Indian jewelry retailer benefited from buoyant sales ofstudded jewelry.Profit after tax increased to $27.1 million (INR 1.81billion) on a standalone basis in the three...
Retail Nov 07, 2016 Rapaport News
Polished Diamonds
Diamond Prices Decline in October
PRESS RELEASE, November 1, 2016, New York… Diamond markets were quiet in October with wholesale businesses closing for the respective Chinese, Jewish and Indian holidays. Trading slowed as larger U.S. holiday orders were...
Polished Markets Nov 01, 2016 Rapaport
India Jewelry Consumer
De Beers to Start Generic Marketing in India
De Beers and the Gem & Jewellery Export PromotionCouncil (GJEPC) unveiled a generic marketingcampaign to promote diamonds and diamond jewelry in India.The program will launch October 10 ahead of the key holidayselling season, targeting women from...
Marketing Oct 05, 2016 Rapaport News
De Beers Office
De Beers Pre-Diwali Sales Beat Expectations
De Beers sold $485 million of rough diamonds in its eighth sales cycle ofthe year, exceeding expectations in a seasonally quiet period ahead of the Diwali holiday inIndia.While the figure for September is still thelowest for this...
Mining Oct 05, 2016 Rapaport News
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