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Martin Siegel
Hamilton Jewelers Mourns Martin Siegel
Martin Siegel, the chairman of Hamilton Jewelers who wasinstrumental in growing the US retailer’s brand, died on December 17, thecompany announced. He was 86. Born in New Jersey, Siegel joined his father’sfine-jewelry business on leaving the army...
Retail Dec 19, 2019 Rapaport News
Sierra Leone
Rapaport Proposes Sierra Leone Diamond Reform
RAPAPORT PRESSRELEASE, April 17, 2019, New York … The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and...
Fair Trade Apr 17, 2019 Rapaport
Basel to Drop Prices by up to 30%
Baselworld will reduce booth prices by 10% to 30% at next year’sshow and move diamond dealers to a more attractive location, organizers have confirmed. Management will reopen Hall 2, which was empty at the 2019show, and place...
Polished Markets Mar 27, 2019 Rapaport News
Gassan Diamond factory in Amsterdam
CIBJO Won’t Bow to FTC Diamond Definition
The World Jewellery Confederation (CIBJO) is likely tokeep the word “natural” in its definition of diamonds for the time being,according to the organization’s president.The Switzerland-based group will probably not amend theentry in its Blue Book...
Financial-Legal Oct 11, 2018 Joshua Freedman
Rolex 150
Swiss Watch Trade Ticking Along Nicely
Swiss-watch exports grew 5% in May amid stronger demand ingreater China and the US.Global shipments of Swiss timepieces came to $1.82 billion(CHF 1.8 billion) for the month, the Federation of the Swiss Watch Industry reported...
Watches Jun 24, 2018 Rapaport News
De Grisogono
De Grisogono Confirms 28 Layoffs in Switzerland
Luxury jeweler De Grisogono will cut 28 jobs atits Swiss operation following disappointing sales. The final figure is lower than the 31 positions it hadpreviously expected to slash, the company said last week. The Geneva-headquartered firm...
Retail May 06, 2018 Rapaport News
De Grisogono 150
High-End Slump Forces Layoffs at De Grisogono
Swiss-based luxury jeweler De Grisogonoplans to cut up to 41 positions after a challenging high-end market resulted inpoor sales.“Despite considerable investments and allthe efforts of employees, [salesof high jewelry] have not reached anticipated levels,due in part to challenging conditions...
Manufacturing Apr 11, 2018 Rapaport News
Patek Philippe Baselworld
There’s Life in Baselworld Yet
Baselworld 2018, which ended Tuesday, saw a year-on-yeardecline from 1,300 exhibitors to approximately 650, and was shortened fromeight days to six. Considering that the world’s largest watch and jewelry fairhosted 1,500 participants in 2016,...
Watches Mar 28, 2018 Anthony DeMarco
smash and grab
US Jewelry Crimes Rise to 1,394 in 2017
Increases in cyber theft and smash-and-grab robberies are contributing to higher crime levels in the US jewelry industry, the Jewelers’ Security Alliance (JSA) saidin a report last week.The total number of jewelry crimes reported to the JSArose...
Retail Mar 21, 2018 Rapaport News
World Makes More Time for Swiss Watches
Swiss watch exports continued to rebound in November as shipments to China grew by the highest margin in more than two years. Total exports across all watch categories rose 6% year on year to $2 billion (CHF 1.98billion), the Federation...
Watches Dec 21, 2017 Rapaport News
Swiss watches
Hong Kong Jump Boosts Swiss Watch Exports
Swiss watch exports increased in July as trade with HongKong and China continued to improve and shipments of high-end watches grew.Total exports increased 3.6% year on year to $1.76 billion(CHF 1.7 billion), the Federation of the Swiss...
Watches Aug 22, 2017 Rapaport News
Israel Diamond Industry Enjoys Rare Growth
Israel’s polished diamond exports bounced back in thefirst quarter as orders from Switzerland and the US grew during the period.Outbound polished shipments jumped 16% to $1.7 billion in the January-to-March period, according to the nation’sMinistry of Industry,...
Polished Markets May 08, 2017 Rapaport News
Antwerp Beurs Voor Diamanthandel
Belgium’s Polished Exports Stable in March
Belgium’s exports of polished diamonds were almost flat inMarch, boosted by a significant rise in shipments to India, according to data publishedby the Antwerp World Diamond Centre (AWDC).Polished exports crept up 0.4% to $1.17 billion, the AWDCsaid. By volume,...
Polished Markets Apr 06, 2017 Rapaport News
Baselworld sign
Baselworld to Be Two Days Shorter
Organizers of the Baselworld exhibition have reduced the 2018 edition of the watch and jewelry fair by two days after fewer buyers and exhibitors attended this year's show. A total of 106,000 buyers took part...
Watches Apr 02, 2017 Rapaport News
Gubelin nanoparticles
Gübelin Using Nanotech for Emerald Traceability
Gübelin Gem Lab has unveiled a radical solution for tracingthe origin of emeralds, using nanotechnology to mark stones with an invisibleimprint that is accessible at any stage of the supply chain.Branded the “emerald paternity test,” the technology...
Technology Mar 28, 2017 Rapaport News
Swiss Watch Dip Expected to Solidify Market
The Swiss watch industry remained cautious atthe start of the Baselworld show this week as data indicated a continuedslowdown in the timepiece trade.The exhibition opened in Basel on Thursday, with the Federation of the SwissWatch Industry reporting...
Watches Mar 23, 2017 Rapaport News
Sarine Clarity Uzi Levami
Sarine, GGTL Partner to Advance Diamond Grading
Sarine Technologies and GGTL Laboratories have agreed towork together to research new approaches to diamond grading and authentication.The two companies will collaborate to address current andfuture industry needs, including the detection of synthetic diamonds,...
Technology Feb 28, 2017 Rapaport News
Swiss watches
Swiss Watch Exports Continue to Decline
The Swiss watch industry started the year where it left offas exports fell in January, albeit at a slower pace than in 2016.Outbound shipments of Swiss timepieces fell 6.2 percent yearon year to $1.42 billion (CHF 1.43...
Watches Feb 22, 2017 Rapaport News
Swiss Watch Export Decline Eases
The pace of decline in Switzerland’s global watch exportsslowed in December as Chinese orders grew and shipments to the U.S. recordedtheir best month of the year.Total exports fell 4.6 percent to $1.66 billion (CHF 1.66billion), one of the...
Watches Jan 26, 2017 Rapaport News
Swiss Watch Slump Eases in November
The decline in Swiss watch exports slowed in November asshipments to Hong Kong avoided the massive decline seen in previous months.Exports fell 5.6 percent to $1.8 billion (CHF 1.86 billion)last month, the second narrowest drop...
Watches Dec 20, 2016 Rapaport News
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