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HK show Sept 2019
Hong Kong Show Reflects Slow Chinese Demand
The timing of the September Hong Kong Jewellery & GemFair was unfortunate, coming amid a wave of anti-government demonstrations inthe city. But for many participants, the political tensions were masking thebigger issue: Chinese...
Polished Markets Sep 24, 2019 Joshua Freedman
Jewelry store New York diamond district
US Trade Confident as Polished Imports Surge
Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
Polished Markets Apr 03, 2019 Joshua Freedman
Okavango
Okavango Revenue Falls in First Half
Sales at Okavango Diamond Company (ODC) dropped 16% to $260 millionin the first half of 2018 due to a limited supply of rough, Reuters reported. Sales volume declined 1.7% to 1.8 million carats, theBotswana-based trading company added...
Rough Markets Aug 21, 2018 Rapaport News
De Beers 150
De Beers Sells $575M Amid Strong Demand
De Beers recorded its largest monthly sales since January asshortages and strong sentiment supported the rough-diamond market in June.The miner sold $575 million worth of rough at last week’s sightand other sales events during...
Rough Markets Jun 27, 2018 Joshua Freedman
HK show Sept 2016
Hong Kong Show Reflects Stable Diamond Market
Diamantaires left the Hong Kong Jewellery & Gem Fair on Sunday relatively satisfied with trading in the loose-diamond section, as traffic increased during the five-day event. Buyer traffic rose from last year, and...
Polished Markets Sep 17, 2017 Mary Kavanagh, Avi Krawitz
tiffany store
Tiffany Feels Heat Over Trump Trade-War Talk
Tiffany & Co.’s sales could suffer if China retaliatesby boycotting American products in the aftermath of U.S. President Donald Trump’s protectionisttrade policies, Bloomberg reported.In the 2016 holiday season, Tiffany’s sales in theAsia-Pacific region jumped...
Retail Jan 23, 2017 Rapaport News
Luk Fook Jewellery Macau
China a Bright Spot as Luk Fook Sales Decline
Luk Fook reported same-store sales fell 10 percent in thethird fiscal quarter as a continued decline in its Hong Kong business outweighed improvements in mainlandChina.Same-store sales slid 11 percent in Hong Kong versus a 5percent increase in mainland China in the...
Retail Jan 18, 2017 Rapaport News
International Institute of Diamond Grading & Resea
De Beers Launches Diamond Grading Service
The International Institute of Diamond Grading &Research (IIDGR), a unit of De Beers, has launched a diamond grading service inthe Far East, Middle East, India and Europe.Following a pilot test inthe Far East, IIDGR will now...
Polished Markets Feb 23, 2016 Rapaport News
Chow Tai Fook Store
Chow Tai Fook's 1Q Same Store Sales -15%
Chow Tai Fook Jewellery Group reported that same-store sales declined 15 percent year on year during the first quarter that ended on June 30, 2015, according to unaudited results. Declining comparable-store sales across the...
Retail Jul 09, 2015 Ronen Shnidman
Hong Kong
Business as Usual in Hong Kong
The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and...
Polished Markets Mar 06, 2015 Avi Krawitz
Richemont
Richemont's 3Q Sales +4%, Misses Forecasts
Compagnie Financiere Richemont, a luxury retail brand owner, reported that its sales increased 4 percent year on year to $3.59 billion (EUR 3.05 billion) during the third quarter that ended on December 31, 2014. The...
Retail Jan 15, 2015 Ronen Shnidman
Diamond North
Diamonds North Launches Exploration Program at Amaruk
Diamonds North Resources launched its 2011 exploration program at the Amaruk property in Nunavut, Canada, which will focus on top priority gold prospects as well as follow-ups of a new generation of kimberlite targets identified from electromagnetic airborne...
Mining Aug 08, 2011 Ricci Dipshan
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