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NRF November
Holidays Begin with Strong November Sales
US retail sales rose in November as consumers sentiment was strong at the start of the holiday season, the National Retail Federation (NRF)said. Total purchases for November — excluding automobiles, gasoline andrestaurants — rose 0.1% compared to the...
Retail Dec 15, 2019 Rapaport News
Angola Luaxe
Production at Alrosa’s Angola Mine to Begin in 2020
After six years of development, production is due to begin at Alrosa’s Luaxe diamond deposit in Angola next year, the nation’s government said. Output will come to around 1 million carats valued at $90 million in the first year,...
Mining Dec 15, 2019 Rapaport News
Polished diamond
Belgium Export Data Looking More Positive
Belgium’s diamond trade showed signs of stabilizing in November,with rough exports increasing year on year for the first time since April.While polished exports dropped 22%, the rate of decline slowed versus October, data from...
Polished Markets Dec 15, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polished trading driven by last-minute US holiday ordersand preparations for Chinese New Year. Multi-channel marketing andpersonalization are key themes for retail this season. Consumers shifting tolower price points. Diamantaires satisfied with Dec....
Polished Markets Dec 12, 2019 Rapaport News
Bharat Diamond Bourse
India: Manufacturers Cautiously Raising Production
Sluggish polishedtrading, with buyers struggling to find the right goods due to scarcity of popularcategories. Manufacturers cautiously raising production levels. Factories stilloperating below capacity with large inventories of lower-quality diamonds that aredifficult to sell at a profit....
Research Dec 12, 2019 Rapaport News
Rapaport TradeWire December 12, 2019
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Research Dec 12, 2019 Rapaport
Rapaport TradeWire December 12, 2019
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Research Dec 12, 2019 Rapaport
Podcast
Podcast: Trends Shaping the Industry
With the holiday season well under way, the Rapaport Diamond Podcast debates different trends taking shape in the retail space. The discussion spans personalization, omnichannel, effective storytelling, being more open-minded, and...
Retail Dec 12, 2019 Rapaport News
Petra
Petra’s South African Operations Back on Track
Operations at Petra Diamonds’ South African mines haveresumed after the local electricity provider lifted restrictions on power usage. “The company’s mining operations in South Africa are…nowoperating at normal load levels,” the miner said Thursday....
Mining Dec 12, 2019 Rapaport News
Royal Asscher
Royal Asscher Names New Japan Chief
Royal Asscher has appointed Kenji Saikachi as CEO of RoyalAsscher Japan, where he will be responsible for leading the jeweler’s growth inthe country. “We are confident that [Saikachi] will successfully leadRoyal Asscher to become an even...
Retail Dec 12, 2019 Rapaport News
Rough and polished diamonds
Pressure on Diamond Midstream Likely to Increase
Diamond manufacturers will consolidate in the coming years to avoid being further squeezed by miners and retailers, Bain & Company predicted in its annual report on the industry.The forecast stems from the midstream becoming anincreasingly...
Polished Markets Dec 12, 2019 Joshua Freedman
Sothebys
Sotheby’s Brings In $43M at New York Sales
Sotheby’s garnered $43.1 million from its two New Yorkjewels auctions, led by a blue diamond ring which sold for $6.6 million. The cushion-cut, 7.55-carat, fancy-deep-grayish-blue, typeIIb, SI2-clarity Indian Blue had been estimated...
Polished Markets Dec 12, 2019 Rapaport News
Christie's
Ruby Brooch Smashes Estimate at Christie’s
A ruby brooch sold for nearly $9 million at Christie’s NewYork sale Wednesday, far surpassing its $5.5 million high valuation. The piece, which comprises a total of 11.20 carats ofBurmese rubies, emeralds, diamonds and natural...
Polished Markets Dec 12, 2019 Rapaport News
ABN Amro
ABN Amro Tightens Diamond Lending Terms
ABN Amro will implement changes to its guidelines for lending to the diamond industry in 2020, reasoning that the trade has become more efficient and now requires less credit.The midstream’s reliance on working capital...
Rough Markets Dec 12, 2019 Avi Krawitz
Jwaneng
De Beers Lowers 2020 Production Forecast
De Beers has reduced its production outlook for next year and beyond amid uncertainty about the health of the diamondmarket.The miner now expects to recover between 32 million and 34million carats in 2020, compared to its...
Mining Dec 11, 2019 Rapaport News
Phillips NY
Phillips New York Auction Nets $5.4M
A blue diamond ring by Tiffany & Co. was the top sellerat Phillips’ New York sale, leading the $5.4 million auction. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring fetched $1.6...
Polished Markets Dec 11, 2019 Rapaport News
Alrosa November sales
Alrosa Sales Reach Six-Month High
Alrosa’s sales rose 5% year on year to $287.8 million inNovember, as the manufacturing sector began to rebound, the Russianminer said Tuesday. The monthly sales are the highest the company has reportedsince April, and the...
Mining Dec 10, 2019 Rapaport News
Bonhams NY
Blue Diamond Earrings Score Big at Bonhams
A pair of blue diamond earrings fetched just under $1.3 million atBonhams’ New York Jewels sale, beating its high estimate. The set features a marquise-shaped brilliant cut,fancy-intense-blue diamond with VS1 clarity, weighing 1.81...
Polished Markets Dec 10, 2019 Rapaport News
DEF School 150
DEF Rebrands as Diamonds Do Good
The Diamond Empowerment Fund has changed its name to Diamonds Do Good to simplify its identity within the industryand resonate more with consumers. The move, announced last week, is designed to align theorganization’s branding in the...
Rough Markets Dec 10, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Digs Up 114ct. Yellow
Gem Diamonds has recovered a 114-carat yellow diamond at itsLetšeng mine in Lesotho, the fourth of that color above 100 carats this year. The miner found the type I stone on Monday, a week afterunearthing a 93.5-carat, high-quality...
Mining Dec 10, 2019 Rapaport News
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