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JCK jewelry report
Social Media Emerges as Top Strategy for Jewelers
The US jewelryindustry sees social media as instrumental in overcoming digital challenges, a recent report by JCK found. Ofthe 500 respondents surveyed in the JCK’s 2019 State of the Jewelry Industry Report, 46% identified connecting with clients...
Retail Jun 17, 2019 Rapaport News
PGI
Platinum Guild Expands New Jewelry Line
Platinum Guild International (PGI) will offer its new lineof jewelry, Platinum Born, in 30 stores throughout the US, including majorretailer Saks Fifth Avenue. The organization will also expand the selection it offers inthe...
Retail Jun 16, 2019 Rapaport News
Blue Rock
Kareevlei Rough Sells for $7,600/ct.
BlueRock Diamonds, which owns the Kareevlei mine in South Africa, has sold a 24.98-carat rough diamond for $190,000. The diamond is the largest the company has found from Kareeevlei, signalling potential for other...
Mining Jun 16, 2019 Rapaport News
May US Retail Sales
Strong Job Market Boosts May Retail Results
US retail sales rebounded in May as the economicand financial outlook stabilized, according to the National Retail Federation(NRF). Total purchase value grew 3.2% year on year, with salesrising in nearly all categories, the trade organization reported...
Retail Jun 16, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Disappointing Las Vegas showsfailed to add value for diamond dealers. Jewelry wholesalers did better,reflecting steady US market. Diamantaires focused on showcasing tech ratherthan diamonds; innovations included improved traceability programs, online salesplatforms and better...
Polished Markets Jun 13, 2019 Rapaport News
India cutting
India: Cutters Under Pressure
Weak sentiment, withmanufacturers under pressure due to sluggish polished demand and tight profitmargins. Factories operating at reduced capacity, and some manufacturersslashing salaries of polished workers. Fewer foreign buyers in Mumbai after LasVegas shows. Steady...
Research Jun 13, 2019 Rapaport News
Vegas Montage
Podcast: Key Insights from the JCK Show
Fresh off the boat from Las Vegas, and battling some serious jetlag, Rapaport news editor Avi Krawitz and publisher John Costello pick out their key takeaways and favorite moments from...
Polished Markets Jun 13, 2019 Rapaport News
Christies
Diamond Ring Smashes Estimate at Christie’s
A Belle Époque diamond ring sold for nearly 10 times itshigh estimate at Christie’s London auction Wednesday. The piece, which was made around 1900 and features rose,single and old-cut diamonds, fetched GBP 112,500...
Polished Markets Jun 13, 2019 Rapaport News
Was Vegas Worth the Gamble
Was Vegas Worth the Gamble?
As rain fell for about five minutes on the typically sunbaked Las Vegas strip on the opening day of the JCK show, one couldn’t help but sense things might be a bit different this year. Was...
Mining Jun 13, 2019 Avi Krawitz
Amazon
Amazon Cuts Fees for Jewelry Sellers
Online retail giant Amazon has implemented a new tieredreferral fee that will reduce the cost of selling jewelry and watches on itssite. The change will primarily apply to the retailer’s partnersoffering higher-priced luxury items,...
Retail Jun 12, 2019 Rapaport News
artisanal mining
The Drive to Lift the Artisanal Stigma
The community of Fandehun is not used to pomp and ceremony.The modest village in the heart of Sierra Leone’s Kono District has beensustained by diamond mining for over 50 years but lacks the basics many takefor granted...
Mining Jun 12, 2019 Avi Krawitz
Mountain Province
Promising New Kimberlite Found at Gahcho Kué
Geologists have discovered the first new kimberlite pipe in over 20 years at the Gahcho Kué mine in Canada, shareholder Mountain Province reported Tuesday.The find comes nearly three years after production launched at Gahcho Kué,...
Mining Jun 12, 2019 Rapaport News
Renard mine 150 061119
Struggling Stornoway Seeks Buyer for Renard
Stornoway Diamond Corporation is looking for investors to help salvage its Renard mine as the company continues to incur high financial losses. The miner called for offers to purchase its Canada operations after receiving $11.7...
Mining Jun 11, 2019 Rapaport News
Sarine
Cutters Join Sarine’s Diamond Journey
Sarine Technologies has partnered with 14 diamond manufacturers on its Diamond Journey provenance program, enabling retailers to tap a growing resource of polished stones certified through the initiative. “We expect to have tens of thousands of documented diamonds...
Technology Jun 11, 2019 Rapaport News
GIA
Former GIA President Glenn Nord Dies at 90
Glenn Nord, the third president of the Gemological Instituteof America (GIA) and a pioneer of its corporate training program and globaloutreach, died Sunday aged 90. “Glenn Nord was a committed advocate for GIA’s mission,...
Polished Markets Jun 11, 2019 Rapaport News
Alrosa theft diamonds 150
Authorities Probe Diamond Theft at Alrosa
Russian authorities have detained three members of an alleged criminalgang accused of stealing and selling high-quality diamonds belonging to Russianminer Alrosa. The thefts, which allegedly occurred over an extended period, werecommitted by an Alrosa employee working in its...
Mining Jun 11, 2019 Rapaport News
Rapaport Ethical Supply Town Hall
Video: Can ‘Good’ Diamonds Sell at a Premium?
Diamonds with proven ethical sourcing should sell for a higher price than others, participants in Rapaport’s annual town hall meeting in Las Vegas concluded. “The biggest challenge for sourcing ethical diamonds is whether consumers...
Fair Trade Jun 10, 2019 Rapaport News
WJN
WJN Names 37 Ambassadors
The Women’s Jewellery Network (WJN) has unveiled its new list of industry ambassadors, including RapaportEditor-in-Chief Sonia Esther Soltani. The new network will help shape conversations around thetrade and progress the organization’s...
Polished Markets Jun 10, 2019 Rapaport News
Alrosa May sales
Alrosa’s Sales Slump in May
Sales at Alrosa fell 8% year on year to $266 million in Mayamid a continued slowdown in the Indian manufacturing sector, the Russian miner said Monday. Rough-diamond sales declined 6% to $261.1 million for themonth, while polished revenue plunged...
Mining Jun 10, 2019 Rapaport News
Sothebys diamond new 150
Diamond Ring Fetches $31K/ct. at Sotheby’s
Sotheby’s brought in a total of $8.5 million at a New Yorkauction last week, as a 15.13-carat diamond ring more than doubled its high estimate. The pear-shaped, D-color, SI2-clarity, Marianne Ostier piecegarnered $475,000, or $31,395 per carat, against...
Polished Markets Jun 10, 2019 Rapaport News
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