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Image: A Kay Jewelers store in New Jersey. (Shutte
Signet Revenue Drops in First Quarter
Signet Jewelers has lowered its sales outlook for the restof the year, after revenue fell in the first fiscal quarter. Total sales declined 3.3% to $1.43 billion in the threemonths ending May 4, the...
Retail Jun 06, 2019 Rapaport News
NY jewelry store
US Polished Imports Rise in 1Q
Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January...
Polished Markets Jun 06, 2019 Rapaport News
PGI platinum and diamond engagement ring 150
Platinum Jewelry Sales Saw Strong 2018
Platinum-jewelry demand grew in India and the US in 2018, as younger consumers and male buyers responded strongly to marketing campaigns,Platinum Guild International (PGI) reported. US sales at PGI’s retail members grew 11% amid stronggrowth in the bridal...
Retail May 27, 2019 Rapaport News
Caryl Capeci Chow Tai Fook
Chow Tai Fook Launches US Hub
Hong Kong-based jeweler Chow Tai Fook has launched abusiness hub in Boston that will supply products and services to US retailers. Chow Tai Fook North America (CTFNA) will operate as awholesaler, offering customized diamond...
Polished Markets May 08, 2019 Rapaport News
NY diamond district
US Polished Imports Drop in Early 2019
The US polished-diamond trade was sluggish in the firsttwo months of the year, with imports declining and exports stable. Bothcategories recorded a weaker February than January. The drops in import valuereflected a lower average price in both...
Polished Markets May 02, 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
Jewelry store New York diamond district
US Trade Confident as Polished Imports Surge
Dealers expressed optimism for the US diamond marketafter polished imports rose last year to their highest level since 2014.Shipments to the country jumped 8% to $23.3 billion in2018, according to the US Census Bureau, despite more modest...
Polished Markets Apr 03, 2019 Joshua Freedman
Time to reengage with bridal
Time for the Trade to Reengage with Bridal
There’s a caveat that Stephen Lussier emphasizes when marketing diamonds to millennials as a symbol of love. The industry needs to recognize that love may not entail the formality of marriage, the De Beers head of marketing stressed in an interview...
Marketing Mar 13, 2019 Avi Krawitz
Reuven Kaufman podcast
Podcast: The New York View
Rapaport News caught up with Reuven Kaufman, president of New York’s Diamond Dealers Club (DDC), to gauge the mood in the US trade at the start of 2019.Retailers had a good holiday season, but have been wary about...
Polished Markets Jan 31, 2019 Rapaport News
DPA
DPA Appoints North America Chief
The Diamond Producers Association (DPA) has appointed former VanCleef & Arpels marketing executive Kristina Buckley Kayel as managingdirector for North America. Buckley Kayel will be in charge of developing andimplementing the DPA’s consumer-marketing and...
Marketing Jan 06, 2019 Rapaport News
Lightbox
De Beers’ Lightbox Chief Reveals 2019 Plans
De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it’s now looking atexpansion options.The main opportunity to develop...
Retail Dec 27, 2018 Joshua Freedman
US Data
US Polished Trade Surged in October
The US saw a sharp increase in imports and exports of polisheddiamonds in October, according to data from the US Census Bureau. Inboundshipments hit a record level for any month other than May,which is boosted by preparations for the annual...
Polished Markets Dec 26, 2018 Rapaport News
Made in the USA
Rapaport Magazine: US Manufacturing
The future of US manufacturing is the focus of RapaportMagazine’s November cover feature, with interviewees from across theindustry lending their views on the matter. US companies are increasingly sending work to overseasmanufacturers for cost reasons. Reversing that...
Manufacturing Nov 08, 2018 Rapaport News
New York
US Polished Imports Continue to Grow
US polished-diamond imports rose 16%in August, continuing an upward trend for the year. The August growth reflectedhigher volumes (up 22% to 894,066 carats), with the average price slipping 5%to $2,016 per carat. A higher...
Polished Markets Nov 04, 2018 Rapaport News
Modi Marilyn Monroe
‘Diamonds Are a Girl’s Best Friend’ Nets $50K
A brand-management company that owns the Marilyn Monroeestate has bought the trademark rights to “Diamonds Are a Girl’s Best Friend”at an auction of assets belonging to Nirav Modi’s US businesses.ABG Intermediate Holdings, which trades as Authentic BrandsGroup (ABG),...
Marketing Oct 23, 2018 Rapaport News
CIBJO
CIBJO Urges Diamond Consultation with FTC
The World Jewellery Confederation (CIBJO) has proposedit work with other industry groups to consult with the US Federal TradeCommission (FTC) over its fiercely debated diamond terminology.Industry leaders attending the October 15 to 17CIBJO Congress...
Polished Markets Oct 23, 2018 David Brough
JBT
US Jewelry Trade Shrinks by Nearly 5%
The US jewelry industry contracted again in the thirdquarter as more businesses left the sector than joined it, according to theJewelers Board of Trade (JBT). The number of recorded jewelry businesses fell 4.7% versusthe same period...
Retail Oct 21, 2018 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
US data
US Polished Imports Increase
US polished-diamond imports continued to rise in July, reflectinga higher average price, according to recent government data. Inbound shipments increased5% to $2.03 billion, the highest figure for July since 2015, even as volumesslipped. Polished imports were...
Polished Markets Oct 02, 2018 Rapaport News
Signet - Jared
Product Overhaul Drives Signet Growth
Signet Jewelers raised its outlook for the year afterproduct initiatives and clearance sales drove revenue growth in the secondfiscal quarter. Sales increased 1.5% to $1.42 billion in the three monthsending August 4, the retailer...
Retail Aug 30, 2018 Rapaport News
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