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De Beers earrrings
De Beers Closes Diamond-Reselling Unit
De Beers is shutting its diamond-recycling division, as digital advancements in the sector have lessened the need for its services. The International Institute of Diamond Valuation (IIDV) wasset up in 2016 to repurchase and recycle diamond jewelry that...
Polished Markets Apr 04, 2019 Leah Meirovich
CAR
CAR Invites De Beers and Alrosa to Mine Its Diamonds
The Central African Republic (CAR) is trying to entice large diamond-mining companies to set up operations in thecountry, as part of its effort to reform the sector and meetKimberley Process (KP) regulations. The government has already contacted both...
Mining Apr 02, 2019 Leah Meirovich
Lucapa
Lucapa Moves into Diamond Manufacturing
Lucapa Diamond Company plans to cut and polish select stonesin-house in an effort to maximize value for its shareholders.Third-party manufacturers charge high fees without adding significant value, explained CEO Stephen Wetherall in a recent interview. Bypassing...
Mining Feb 24, 2019 Leah Meirovich
Helzberg Diamonds
Helzberg Diamonds Launches Synthetics Line
Helzberg Diamonds has launched its owncollection of lab-grown jewelry, Light Heart, citing increased consumer demand for synthetics. The jeweler — owned by Warren Buffett’s Berkshire Hathaway— first introduced the line late last year...
Retail Feb 13, 2019 Leah Meirovich
Marange DMS Plant
Zimbabwe Plans Production Hike in 2019
Zimbabwe Consolidated Diamond Company (ZCDC) expects a 46% jumpin its rough-diamond production in 2019. The nation’s rough-diamond output will reach 4.1 millioncarats this year, up from 2.8 million last year, the miner told...
Mining Feb 11, 2019 Leah Meirovich
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Alrosa colored diamond polished
Miners Seeking Profits Beyond Rough
De Beers has been dabbling in the retail end of thediamond industry for more than 15 years, but recently, other miners have begunto follow suit, breaking out of the production box and entering other aspectsof...
Mining Jan 23, 2019 Leah Meirovich
Personal Mission
Personalizing Can Give Stores an Edge
In the retail industry, “The customer is always right” haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start?...
Retail Jan 01, 2019 Leah Meirovich
Portland Tiara
Crimes of the Times: 2018’s Biggest Jewel Heists
A slew of heists rocked the jewelry industry in 2018, making headlines worldwide. RapaportNews looks back at four of the biggest thefts of last year — and one of the tiniest. Swedish Royal Jewels In August, thieves stole priceless...
Financial-Legal Jan 01, 2019 Leah Meirovich
Roberto Coin black jade
Roberto Coin Jade Line Pulled from Macy’s
Macy’s has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy’s move in April, filed...
Financial-Legal Dec 31, 2018 Leah Meirovich
Kristall of Smolensk Factory
Alrosa Moves Closer to Kristall Takeover
The Russian government has approved Alrosa’s acquisition of Kristall,the diamond manufacturer said Monday.Alrosa has hired Maxim Shkadov, Kristall’s director general,to work on integrating the two companies, Kristall added. Alexey Romankov,Kristall’s deputy director...
Mining Dec 24, 2018 Leah Meirovich
Alrosa Lomonosov deposit
Alrosa to Hold Back Supply in 2019
Alrosa plans to keep its rough-diamond sales in line withproduction in 2019 to avoid flooding the market with excess supply.The Russian miner will sell 38 million to 39 million caratsnext year, despite having more goods available in its...
Mining Dec 23, 2018 Leah Meirovich
Zales lawsuit
Zales Faces Suit over Jewelry Repair Plan
Zales Jewelers is embroiled in a dispute with a customerover whether the repair program that came with his diamond ring covered thesetting, or just the stone. Gordon Henry Lovette has sued the Signet Jewelers-owned retailer,claiming...
Financial-Legal Dec 11, 2018 Leah Meirovich
Dominion Patrick Evans
Dominion CEO Patrick Evans Resigns
Dominion Diamond Mines CEO Patrick Evans has stepped down withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion...
Mining Dec 10, 2018 Leah Meirovich
Tiffany
Diamond Brands Shun Traditional Holiday Ads
Diamond advertising has well and truly departed fromtraditional styles, this year’s holiday commercials suggest. Gone are the daysof the De Beers campaigns targeting men buying a diamond for his fiancée.The major retailers...
Retail Dec 05, 2018 Leah Meirovich
PC Jeweller
PC Jeweller Curbs Exports in Credit Crunch
PC Jeweller plans to reduce its exports by more than aquarter during the current fiscal year as it looks to minimize its credit needsin a tighter Indian lending market. The company receives payment for exports several monthsafter...
Retail Dec 03, 2018 Leah Meirovich
Stephane Fischler 150
Conflict-Diamond Definition on KP Agenda
The World Diamond Council (WDC) will propose an expandeddefinition of conflict diamonds at this week’s Kimberley Process (KP) plenarymeeting in Brussels. The broader wording will address “grave and systematicviolence,” the WDC said Thursday, without...
Fair Trade Nov 11, 2018 Leah Meirovich
CAR diamonds
Violence Limiting CAR Diamond Exports
Continued violence in the Central African Republic (CAR) ismaking it impossible for the nation to develop its diamond sector, according to the World DiamondCouncil (WDC). A massacre in Bria left 30 people dead last week — thelatest in a string...
Rough Markets Oct 25, 2018 Leah Meirovich
Baselworld
More Brands Quit Baselworld 2019
Three watchmakers have reportedly statedtheir intention to leave Baselworld following Swatch Group’s exit from the Swissshow. Zurich-based Maurice Lacroix will not participate in the 2019 event, a Baselworld spokespersonconfirmed to Rapaport News. Corum and...
Watches Oct 21, 2018 Leah Meirovich
JL, POZ
POZ Minerals to Bid for Ellendale
Only a year ago, very few in the diamond industry would haveheard of POZ Minerals. But the company, better known as a phosphates producer,is trying to build a portfolio of projects in Western Australia that could makeit a niche supplier...
Mining Sep 04, 2018 Leah Meirovich
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