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De Beers Sorting
De Beers Cuts Prices as Rough Sales Slide
De Beers’ rough-diamond sales slumped to a 20-month low of $390 million in June amid weak sentiment in the manufacturing sector. Sightholders noted the price cuts De Beers implemented on certain categories were not enough to stimulate demand. “The...
Rough Markets Jun 25, 2019 Avi Krawitz
Gem Diamonds
Gem Diamonds Unearths 135ct. Yellow
Gem Diamonds has recovered a 135-carat yellow at its Letšengmine in Lesotho, the third significant colored-diamond discovery at the depositthis year. The company retrieved the high-quality, type I stone on June21, three months after the mine...
Mining Jun 25, 2019 Rapaport News
De Beers Rebrands Grading Unit
The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. “[The rebranding] will make things clearer and simpler...
Polished Markets Jun 25, 2019 Rapaport News
Enchanted Diamonds
Enchanted Diamonds Files for Bankruptcy
Online retailer Enchanted Diamonds has gone into liquidation with liabilities of $1.7 million.The company, which also had a showroom in Times Square, Manhattan, filed for Chapter 7 bankruptcy in New York federal court on June 20....
Mining Jun 24, 2019 Rapaport News
Botswana Proposes Lucara Investment
The government of Botswana is said to have expressedinterest in buying shares in Lucara Diamond Corp., the owner of the country’shigh-value Karowe diamond mine. “I have proposed…Lucara allow [the] government to invest inthe company,” President Mokgweetsi Masisi told...
Mining Jun 24, 2019 Rapaport News
Bharat Diamond Bourse 062319 150
Slowdown Continues in India Diamond Trade
India’s polished-diamond exports slid 15% year on year in May, reflecting a slowdown in the trade that’s been evident for the past seven months. The last monthly increase was recorded in November, according to Rapaport records....
Polished Markets Jun 23, 2019 Rapaport News
Swiss WatchesImage
Swiss Watch Industry Sees Steady Growth
Swiss watch exports rose in May, boosted by increased demand for high-end timepieces. Shipments rose 11% to CHF 2.04 billion ($2.09 billion), withwristwatch supply increasing 9% to CHF 1.88 billion ($1.93 billion). Exports of other products,...
Retail Jun 23, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Sentiment weak as polished prices continue tosoften. Hong Kong fair opens with hope for better trading than Las Vegas shows.Outlook for Chinese local demand improves as luxury consumers shift to domesticspending, since weak...
Polished Markets Jun 20, 2019 Rapaport News
India Arch
India: Companies Reducing Prices
Polished trading relatively quiet for this time ofthe year. Some companies reducing prices to boost activity and liquidity.Manufacturers cutting their rough intake, as they’re maintaining low factoryproduction levels. Few overseas buyers in the...
Research Jun 20, 2019 Rapaport News
Rapaport TradeWire June 20, 2019
Research Jun 20, 2019 Rapaport
Rapaport TradeWire June 20, 2019
Research Jun 20, 2019 Rapaport
Gem Diamonds
Gem Diamonds Offloads Ghaghoo Mine
Gem Diamonds has sold its Ghaghoo mine in Botswana for $5.4million, following a two-year search for a buyer. Pro Civil, a Botswana-based company, will acquire the asset, which has been on care and maintenance since...
Mining Jun 20, 2019 Rapaport News
Christie’s Breaks Records with $109M Auction
Christie’s Maharajas & Mughal Magnificence sale broughtin more than $109 million, the highest total for any auction featuring Indianart. The top lot was a Belle Époque brooch, created by Cartier in 1912, which...
Polished Markets Jun 20, 2019 Rapaport News
TSL Accelerates China Expansion
Tse Sui Luen (TSL) will further broaden its Chinese networkover the next few years, as it continues to see solid growth in the country. The Hong Kong-based jewelry retailer will open an additional 100 stores...
Retail Jun 20, 2019 Rapaport News
Joyce Trust Diamond 150
Trust Is Key for Ethical Dealing, Say Suppliers
Transparency is a growing goal for wholesalers, but there’sanother “T” word that may be even more important: trust. In an industry definedby long-abiding relationships, assurances of ethical sourcing depend heavily ona seller’s reputation for integrity. Opening...
Polished Markets Jun 19, 2019 Joyce Kauf
Bain luxury jewelry report
Jewelry Set for Strong Growth in 2019 – Bain
Jewelry is one of three categories in the luxury sectorexpected to see solid growth in 2019, as domestic consumption in China and theUS increases, according to Bain & Company. Leather goods and handbags will also see sustained growththroughout...
Retail Jun 19, 2019 Rapaport News
Royal Asscher
Royal Asscher Unveils Two More Diamond Cuts
Royal Asscher has launched two new patented diamond cuts internationally,in honor of the brand’s 165th anniversary, it said Monday. The Royal Asscher Oval and the Royal Asscher Cushion jointhe Netherlands-based jeweler’s other...
Retail Jun 19, 2019 Rapaport News
Business Botswana
De Beers Can Do More, Botswana Group Says
A Botswana employers’ advocacy group has called out De Beers for failing to providesubstantial opportunities for the country’s businesspeople. “The benefits deriving from the diamond industry haveunfortunately not been enjoyed by Batswana entrepreneurs,” Gobusamang...
Mining Jun 18, 2019 Rapaport News
Tango Mining
Tango Sells Diamond for Nearly $8K/ct.
Tango Mining sold a 5.28-carat rough diamond for $7,730 per carat, boosting sales from it Oena project in South Africa. The diamond was one of 190 stones totaling 333.25 carats, which the miner sold...
Mining Jun 18, 2019 Rapaport News
HRD Antwerp
HRD Antwerp Expands Its Reach to the UK
HRD Antwerp has launched a new drop-off center in London’sHatton Garden, its first foray into the UK market, it said Tuesday. The location, which is part of an effort to combat theaccidental mixture of natural and lab-grown stones, will...
Polished Markets Jun 18, 2019 Rapaport News
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