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Graff Hong Kong to Display Lesedi Polished
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Graff will present a selection of flawless polishedstones from the 1,109-carat Lesedi La Rona at its new Hong Kong boutique. Graff purchased the D-color diamond — the second-largest rough in history— from Lucara Diamond Corp. for...
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Retail
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Dec 02, 2018
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Rapaport News
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Birks to Accept Payment in Bitcoin
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Customers will soon be able to pay in Bitcoin at eight BirksGroup stores in Canada, the retailer said. The jeweler claims to be the first luxury retailer in Canadato accept the cryptocurrency. The service will be available at the end...
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Retail
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Nov 28, 2018
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Rapaport News
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Graff Unveils Polished from 1,109ct. Lesedi La Rona
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Graff Diamonds has showcased the first of more than 60diamonds it plans to polish from the 1,109-carat Lesedi La Rona rough stone itbought last year.They include two D-color, flawless diamonds mounted on rings, of which one...
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Polished Markets
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Nov 12, 2018
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Rapaport News
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First Graff Canada Boutique to Open at Birks
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Birks Group is launching its first Canadian store dedicated to Graff Diamonds jewelry. Birks will open the boutique this month on West Georgia Street in downtown Vancouver, solely offering Graff’s high-end jewelry and watches,...
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Retail
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Nov 04, 2018
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Rapaport News
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Saks Strikes Back at Cartier with $55M Claim
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Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully...
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Financial-Legal
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Oct 08, 2018
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Rapaport News
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Sierra Leone Produces 144ct. Rough
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A company in Sierra Leone has obtained and exported a 144.12-caratrough diamond worth at least $600,000, authorities in the west African nationsaid Tuesday. A licensed diamond exporter brought the stone to theprecious-minerals trading department of the National Minerals...
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Mining
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Jul 04, 2018
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Rapaport News
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Graff Profits Soar After Retail Expansion
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Global store openings helped fuel a jump in revenue and profit at Graff Diamonds International last year, according to the luxury jeweler’s latest financials. Sales rose 22% to $692.8 million in 2017, while profit morethan tripled...
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Retail
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Jun 12, 2018
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Rapaport News
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Lucara Recovers 327ct. Rough Stone
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Lucara Diamond Corp. has unearthed a 327-carat rough diamondfrom its Karowe mine in Botswana. The high-color white diamond is the eighth over 100 carats that Lucara has found this year, and the ninth...
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Mining
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Apr 29, 2018
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Rapaport News
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Lucara Unearths 472ct. Rough Stone
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Lucara Diamond Corp. has recovered a 472-carat rough diamond, thethird largest from its Karowe mine in Botswana. The stone is “top light brown,” meaning it has a relativelylow color grade. “In 2018, mining at Karowe is focused...
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Mining
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Apr 15, 2018
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Rapaport News
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910ct. Lesotho Diamond Sells for $40M
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Gem Diamonds has sold the Lesotho Legend, the 910-caratstone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. The miner claims the D color, type IIa stone —which...
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Mining
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Mar 13, 2018
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Rapaport News
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Lack of Large Diamonds Dents Lucara Sales
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Lucara Diamond Corp’s revenue and profit fell in 2017, assales of exceptional diamonds and overall production at its Karowe mine slumpedduring the year. Revenue for 2017 dropped 25% to $220.8 million, with thevolume of goods...
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Mining
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Feb 21, 2018
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Rapaport News
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2017’s Diamond Merry-Go-Round
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The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
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Polished Markets
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Dec 26, 2017
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Rapaport News
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Graff Buys 476ct. Prosperity Diamond for $16.5M
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Graff Diamonds has spent $16.5 million on the 476-carat Meya Prosperity diamond,the second high-profile Sierra Leone rough stone that the luxury jeweler has bought this month. Meya Mining, a subsidiary of TrustcoResources and...
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Rough Markets
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Dec 21, 2017
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Rapaport News
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Graff Buys Peace Diamond for $6.5M
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The Sierra Leone government sold the 709-carat Peace Diamond toGraff Diamonds for $6.5 million on Monday at an auction in New York.The sale, which the Rapaport Group managed for free, marks asea change for...
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Rough Markets
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Dec 05, 2017
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Rapaport News
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Lucara Foresees Improvement at Karowe
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Lucara Diamond Corp. is predicting a rise in rough-diamond production andsales next year due to increased mining in the higher-value section of itsKarowe mine.Revenue should be between $170 million and $200 million in2018, the miner said last...
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Mining
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Dec 03, 2017
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Rapaport News
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Graff Among Buyers at Record Pink Diamond Sale
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Rio Tinto reported “double-digit” price growth at thisyear’s Argyle Pink Diamonds Tender, with Graff Diamonds among the companies puttingin winning bids. Collectors and jewelers from 11 countries bought the 58pink, red and...
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Polished Markets
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Nov 09, 2017
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Rapaport News
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Lesedi La Rona Boosts Lucara Sales
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Lucara Diamond Corp.’s revenue more than doubled in thethird quarter as it sold the 1,109-carat Lesedi La Rona rough diamond, theminer reported Thursday.Sales came to $77.9 million in the three months that endedSeptember 30, up from $38.1...
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Mining
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Nov 05, 2017
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Rapaport News
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Graff Diamonds Buys Top Bonhams Lot
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Bonhams sold two major jewelry pieces for seven-figureamounts at auctions in New York and London in the past week.Graff Diamonds won a pear-shaped, 4.03-carat, fancy-intenseblue diamond (pictured) for $3.6 million (GBP 2.7 million) at the...
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Polished Markets
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Sep 24, 2017
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Rapaport News
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Sotheby’s Frank Everett U-Turns on Graff Move
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Sotheby’s jewelry executive Frank Everett returned tothe auction house last week after a brief stint at Graff Diamonds.Everett (pictured) left Sotheby’s at the end of June to join London-based Graff as its US salespresident, and on July 6 posted...
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Polished Markets
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Aug 23, 2017
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Joshua Freedman
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Graff Nabs US Sales Boss from Sotheby’s
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Graff Diamonds has hired Frank Everett as US sales presidentfrom Sotheby’s, where he was sales director for the auction house’s jewelrydivision.Everett (pictured) spent four years at Sotheby’s and previously workedat jewelry brands Tiffany &...
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Retail
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Jul 17, 2017
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Rapaport News
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