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GIA
GIA Names New Mineral Johnkoivulaite
The Gemological Institute of America (GIA) has confirmed anew mineral species discovered in Myanmar, which it has called johnkoivulaite. The organization named the substance in honor of renownedmicroscopist and GIA researcher John Koivula. The 40-year...
Polished Markets Sep 18, 2019 Rapaport News
Alrosa Kristall
Alrosa Expects Kristall Merger in September
Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
Polished Markets Sep 18, 2019 Rapaport News
Magazine men's jewelry
Men’s Jewelry on the Rise
It seems men are tired of letting women do all thesparkling. In September 2018, The New York Times printed a story aboutthe growing popularity of men’s jewelry, tying the trend to the introduction ofmen’s fashion weeks and...
Retail Sep 18, 2019 Lara Ewen
Gem Diamonds
Gem Diamonds Unearths 127ct. Rough
Gem Diamonds has recovered a diamond weighing 127 caratsfrom its Letšeng mine in Lesotho. The miner found the D-color, type II stone on September 11,it said Monday. The diamond is the fourth white stone of that...
Mining Sep 18, 2019 Rapaport News
Hong Kong Show
Sentiment Cautious as Hong Kong Show Starts
Expectations were low among diamantaires as the September Hong Kong Jewellery & Gem Fair opened Monday, with local unrest dampening prospects for attendance.Many companies have skipped the show for safety reasons,...
Mining Sep 16, 2019 Joshua Freedman
Jewelry store sales
US Jewelry-Store Sales Fall in First Half
Sales at specialist jewelry stores in the USslipped 5% year on year to $14.39 billion in the first half, according to datafrom the nation’s census bureau. Monthly figures for January to June all droppedcompared with the same time...
Retail Sep 16, 2019 Rapaport News
Petra
Petra’s Loss Widens in Weak Rough Market
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner reported its loss had broadened due to a devaluation of itsfour deposits. The company reported a net loss of $258.1 million for theperiod ending June 30,...
Mining Sep 16, 2019 Rapaport News
NRF August
US Retail Sales Robust Ahead of Increase in Tariffs
US retail sales rose in August, even as consumer confidence slipped slightly from the previous month amid the escalating trade war. Total sales — excluding automobiles, gasoline andrestaurants — rose 0.4% compared with July and...
Retail Sep 16, 2019 Rapaport News
CIBJO Gen Z
CIBJO Urges Trade to Woo Gen Z-ers
Understanding the newest generation of jewelry-buyingconsumers is imperative for the industry to thrive, the World JewelleryConfederation (CIBJO) stressed last week ahead of its upcoming congress inBahrain. Members of Generation Z, which includes consumers aged 15 to25, will...
Retail Sep 15, 2019 Rapaport News
De Beers
De Beers Finds Buyer for Namibia Mine
De Beers has sold the Elizabeth Bay mine for NAD 120 million ($8.2 million), a year after it ceased operations at the deposit. The miner chose Lewcor Group, a 100% Namibian-ownedconsortium, following an extensive search for...
Mining Sep 15, 2019 Rapaport News
Borsheims
Borsheims Creates Customer-Focused VP Role
Borsheims has promoted Adrienne Fay to vice president, putting her in charge of overseeing the customer-purchase journey. In the newly-created role, she will also be responsible for uniting the online and in-storeshopping experiences. The move...
Retail Sep 15, 2019 Rapaport News
Podcast
Podcast: Young Diamantaires Explore South Africa
The Rapaport Diamond Podcast interviews Rami Baron, founder of the Young Diamantaires group and leader of a trip to De Beers’ Venetia mine in South Africa.In this episode, Baron speaks to Rapaport senior news reporter Joshua Freedman,...
Polished Markets Sep 15, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Low expectations for nextweek’s Hong Kong show, with fewer suppliers and buyers attending due to ongoingdemonstrations. Dealers hoping polished trading will improve as US holiday seasonapproaches. Rapaport calls for $1B industry-wide marketing campaign...
Polished Markets Sep 12, 2019 Rapaport News
India data
India: Polished Production Low
Market for 0.30 to 0.40ct. stabilizing due to lower production. Buyers looking to fill specific requestsrather than build inventory. Fewer dealers than usual going to Hong Kong showdue to ongoing protests and drop in Chinese wholesale...
Research Sep 12, 2019 Rapaport News
Rapaport TradeWire September 12, 2019
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Research Sep 12, 2019 Rapaport
Young Diamantaires South Africa Venetine mine visi
Nurturing the Next Generation of Diamantaires
If anyone in the industry wanted to know how to transform a diamondbusiness and safeguard its future, they might do well to speak to the 25members of the Young Diamantaires group who went on last week’s mission toSouth Africa.The delegates...
Mining Sep 12, 2019 Joshua Freedman
MR Marketing 150
Martin Rapaport Urges $1B Marketing Spend
Martin Rapaport hascalled for more effective marketing of diamond jewelry and a $1 billion global campaign promoting natural-diamond engagement rings. Speaking at the 18thParis Gemmological Rendez Vous on September 9, Rapaport, chairman of theRapaport Group, said current...
Polished Markets Sep 11, 2019 David Brough
24 Karat Club 150
24 Karat Club Names Excellence Honorees
The 24 Karat Club of Southern California will recognize three industry members fortheir work in the trade at its 2019 annual gala, it said Monday. Terry Chandler, CEO of the Diamond Council of America (DCA),will receive the...
Polished Markets Sep 11, 2019 Rapaport News
AWDC
Belgium Diamond Trade Slows
Belgium’s diamond trade continued its decline in August, withrough and polished shipments slowing. Polished exports slumped 34%, reflectinglower volumes and a steep drop in the average price, according to data from theAntwerp World Diamond...
Polished Markets Sep 11, 2019 Rapaport News
Alrosa
Alrosa Sales Slide in August
Alrosa’s sales fell 38% year on year to $181.8 million in August, as weakness in the market persisted. However, the result was an improvement on last month’s$170.5 million, the miner’s weakest figure since it began releasing data in 2016....
Mining Sep 10, 2019 Rapaport News
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