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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
D.E.F. Adds Seven Members to its Board
The Diamond Empowerment Fund (D.E.F.) announced the appointment of seven new members, with executive director Ellen Haddigan noting that creating a strong board of directors is essential to every nonprofit organization and cause. "With the addition of this extraordinary group of new members who are true leaders...
Marketing Jun 02, 2010 Jeff Miller
Sierra Leone's Diamond Exports +25%
Diamond exports from Sierra Leone rose approximately 25 percent to $35 million in the first five months of 2010, compared with the same period of 2009, a senior government official told Reuters."Despite the fact that the industry is still affected by the economic downtrend in the diamond global market,...
Mining May 26, 2010 Avi Krawitz
WJA Lists Awards for Excellence Nominees
The Women’s Jewelry Association (WJA) announced 33 nominees for its eight Awards for Excellence categories. The nominees and award recipients will be recognized at the association’s annual gala on July 26 in Manhattan. The categories and nominees for 2010 include: Design - Fine Jewelry & Watches•Emily Armenta...
Marketing May 21, 2010 Jeff Miller
Antwerp Goes to Shanghai
Antwerp-cut diamonds will be a major highlight of the Shanghai World Expo 2010, with the Belgian pavilion showcasing the city’s prize diamonds and jewels, alongside other local exports such as chocolate and beer. The expo, which will kick off May 1 and run until October...
Polished Markets May 11, 2010 Marc Goldstein
Jacob & Co. Fetches $700K at Antiquorum Auction
Jacob & Co. reported that two of its tourbillon timepieces achieved top sales during the prestigious Antiquorum auction of “Important Collectors’ Wristwatches, Pocket Watches, Clocks and Horological Tools,” held at the Grand Hotel Kempinski in Geneva, Switzerland. Jacob & Co.’s "Crystal Tourbillon" was the...
Watches Apr 16, 2010 Jeff Miller
DTC's 2010 Sightholders
The Diamond Trading Company (DTC) announced on Monday that it has extended its contract with existing sightholders for an additional year, specifically until March 31, 2012. This decision means that a new list of sightholders will only need to be determined for the next supplier-of-choice contract period,...
Manufacturing Apr 12, 2010 Avi Krawitz
Prices Climb
Business was showing signs of improved strength and stability in March, though diamond wholesalers were quick to point out that sales continue to be well below levels seen in 2007 and 2008. Tanya Nisguretsky, president of Illuminex Diamonds in New York City, explained, “Sales have definitely increased since...
Polished Markets Apr 06, 2010 Margo DeAngelo
ALROSA Pledges $300 Million in Rough to Israel
ALROSA agreed to supply $300 million worth of rough diamonds per year to Israel’s manufacturing sector, according to Israel’s Ministry of Industry, Trade and Labor. Benjamin Ben-Eliezer, the minister of this department, requested a direct supply of rough to Ramat Gan during a business delegation held in Russia. Representatives of the government-owned...
Mining Apr 01, 2010 Rapaport
Signet's Fiscal Year Sales Fall Slightly
The world’s largest specialty retail jeweler reported that revenue dropped 1.6 percent for the fiscal year that ended on January 30, 2010, to $3.3 billion. U.S. sales, which are derived from Kay Jewelers, Jared® the Galleria of Jewelry and other stores under various...
Retail Mar 25, 2010 Jeff Miller
U.S. Indicts Bout, Chichakli for Supporting Taylor
The United States issued a new indictment against Viktor — also known as Victor — Bout, who, according to the United Nations Security Council (UNSC) Sanctions Committee on Liberia, supported former President Charles Taylor's regime in an effort to destabilize Sierra Leone and gain illicit access to its diamonds. Bout has...
Retail Feb 17, 2010 Jeff Miller
Weinman Leads 2010 WJA Board
The Women’s Jewelry Association (WJA) recently announced that Kendra Bridel Weinman had been appointed incoming president.  Weinman succeeds Yancy Weinrich of Luxury by JCK and JCK Las Vegas, who completed her two-year term in that role. Weinman is president of Lusciouss International and has a bachelor’s degree...
Retail Feb 09, 2010 Jeff Miller
Retail Bulletin
Consumer Confidence Improves Again The Conference Board Consumer Confidence Index® rose for the third consecutive month in January. The Index now stands at 55.9, up from 53.6 in December. Consumers stating that jobs are “hard to get” declined to 47.4 percent from 48.1 percent last month,...
Retail Feb 01, 2010 Rapaport
Rapaport TradeWire Jan. 22, 2010
RAPAPORT NEWS SERVICE | JANUARY 22, 2010 www.rapaport.com | news@rapaport.com...
Mining Jan 22, 2010 Rapaport
Leviev Still Israel's Top Diamond Co. Despite 42% Drop in Exports
Lev Leviev’s polished diamond exports from Israel dropped dramatically in 2009, but the mogul remained the country’s top exporter, according to a ranking published by the country's Ministry of Industry, Trade and Labor on Wednesday. Leviev’s LLD Diamonds exported $241 million worth of polished in 2009, which was a 42...
Retail Jan 20, 2010 Avi Krawitz
AML Divests From Sierra Leone Diamond Projects
African Minerals Limited (AML) divested from its diamond operations in Sierra Leone after signing an agreement with Obtala Resources Plc, the company announced on Wednesday.    Under the terms of this sale and purchase agreement, Obtala will issue 21,170,422 fully paid shares valued at $7 million (GBP 4.3...
Polished Markets Jan 13, 2010 Deena Taylor
Ivanka Trump to Keynote WJA Conference
Jewelry entrepreneur Ivanka Trump will headline the Women’s Jewelry Association’s (WJA) Women in the Know Conference (WITK) on March 12, 2010 at the Fashion Institute of Technology (FIT) in New York City. Trump is a summa cum laude graduate of the Wharton School of Finance at the University of Pennsylvania and in 2007,...
Retail Jan 12, 2010 Jeff Miller
Signet's Same-Store Christmas Sales +6%
Signet Group's total sales rose 7.3 percent on a reported basis and were up by 5.1 percent at constant exchange rates, which exclude the effects of translating foreign currency into dollars, during the 2009 Christmas season, according to the group's Christmas sales update. The retailer's same-store sales rose 5.6...
Retail Jan 12, 2010 Jeff Miller
Sierra Leone Increases Diamond Export Tax
Sierra Leone has raised its tax on exports of high-value diamonds from 6.5 percent to 15 percent, Reuters reported. The tax hike applies to stones valued at more than $500,000 and went into effect on December 28, 2009. "The new tax of 15 percent is a windfall," Abdul Ignosse Koroma, deputy...
Rough Markets Jan 06, 2010 Avi Krawitz
Retail Bulletin
Jewelry CPI at Highest Level Since 1995 The consumer price index (CPI) for jewelry in the U.S. rose to its highest level since June 1995 during the month of November 2009, according to data provided by the Bureau of Labor Statistics (BLS). The November reading of 161.1 points...
Retail Dec 30, 2009
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