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Forevermark ring 150
Forevermark Debuts in New Zealand
De Beers will launch its Forevermark diamond brand in New Zealand in partnership with local retailer Partridge Jewellers.Forevermark’s high-end Black Label collection will be available at three Partridge stores in Auckland, Wellington and Christchurch, De Beers said...
Retail Aug 12, 2020 Rapaport News
Tiffany 150
Tiffany Ranked Among ‘Hot 100’ Retailers
Tiffany & Co. has retained a spot on the National Retail Federation’s (NRF) list of the fastest-growing US retailers.The New York-based company came in at number 95, the only jewelry specialist to make the cut this year,...
Retail Aug 12, 2020 Rapaport News
Titan earrings 150
India’s Titan Incurs ‘Unprecedented’ Loss
Titan Company, India’s largest jewelry retailer, recorded heavy losses in the first fiscal quarter as the coronavirus forced it to close stores for most of the period.The company reported a net loss of INR 2.97 billion ($39.7...
Retail Aug 12, 2020 Rapaport News
GIA grading
GIA to Give Full Color, Clarity Grades for Lab-Grown
The Gemological Institute of America (GIA) is launching a new digital report for lab-grown diamonds that will feature specific color and clarity grades. The organization, which currently only offers loose descriptions and grade...
Polished Markets Aug 12, 2020 Rapaport News
News analysis Aug 2020
To Speak Out, or Not to Speak Out?
The killing of George Floyd at the hands of police in May and the subsequent protests split US society in a way that few other events have. While companies in all sectors have increasingly engaged in corporate activism in recent...
Retail Aug 11, 2020 Joshua Freedman
Lucara sorters 150
Lucara Ends Second Quarter at a Loss
Lucara Diamond Corp. reported a loss for the second quarter amid weaker demand and a planned halt on regular tenders of large stones from its Karowe mine.The company recorded a net loss of $13.9 million for...
Mining Aug 11, 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
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
d-19 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...
Polished Markets Aug 11, 2020 Rapaport News
Alrosa yellow diamond 150
Alrosa Finds Russia’s Largest Colored Diamond
Alrosa has recovered a 236-carat, intense-yellow-brown diamond, the largest natural colored diamond found in Russia.The stone, which the miner recovered from its Ebelyakh deposit in Yakutia, is an estimated 120 million to 230 million years old,...
Mining Aug 10, 2020 Rapaport News
Artisanal Miners Sierra Leone
A Crucial Moment for Artisanal Miners
The question of how to tackle the hardships facing informal diamond miners is as pressing today as it was when it first arose nearly 20 years ago.It was first touted as an issue that perhaps the Kimberley Process (KP) could...
Fair Trade Aug 10, 2020 Avi Krawitz
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
Berkshire Hathaway 150
Retail Sales Slide at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway fell 16% to $3.37 billion in the second quarter, the company reported Saturday.The division, which includes jewelry chains Borsheims, Helzberg Diamonds and Ben...
Retail Aug 09, 2020 Rapaport News
Sarine 150
Sarine Turns Profit Following Cutbacks
Sarine Technologies ended the first half of 2020 in the black as deep cost cuts offset the effects of Covid-19.The supplier of diamond-polishing equipment made a profit of $1.2 million for the period, compared with a loss of $2.8...
Manufacturing Aug 09, 2020 Rapaport News
Mountain Province Gahcho Kue 150
Mountain Province in the Red as Demand Slows
Mountain Province reported a loss in the second quarter as the coronavirus pandemic closed markets and hit demand.The miner posted a net loss of CAD 26.8 million ($21.8 million) for the three months ending June...
Mining Aug 09, 2020 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polished market improving due to select demand from US and China. Shortages supporting prices; 1 ct. RAPI +1.9% in July. Jewelers acclimating to new normal by emphasizing digital sales and lower in-store inventory. De Beers considering layoffs...
Polished Markets Aug 06, 2020 Rapaport News
Rapaport TradeWire August 6, 2020
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Research Aug 06, 2020 Rapaport
Rich Shatz
Estate Jewelry Proves Robust During Covid-19
The estate-jewelry sector has fared well during the Covid-19 crisis as customers have continued to show interest in designer goods, dealer Rick Shatz told the Jewelry Connoisseur Podcast.Higher-end clients — on whom the pandemic has...
Retail Aug 06, 2020 Rapaport News
NRF 150
July Figures Cast Cloud over US Retail Recovery
The US retail outlook is declining after the country’s economic recovery slowed in July amid a resurgence of coronavirus cases, according to the National Retail Federation (NRF). “A lack of clarity regarding job outlook and future finances tends...
Retail Aug 06, 2020 Rapaport News
Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
Rough Markets Aug 06, 2020 Joshua Freedman
Mining Ekati 150
Mining Sell-Off Highlights Sector’s Woes
Just as the sun emerged from behind the clouds and diamond demand began to recover from a glut in the manufacturing sector, the coronavirus pandemic hit. Its rapid spread forced many miners to shut down...
Mining Aug 06, 2020 Leah Meirovich
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