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rough diamond in fingers Diamcor 150
Diamcor Shifts Back into Black
Diamcor Mining returned to profit in the second fiscalquarter, as an efficiency program helped it reduce costs. The miner recorded a net profit of $350,676 for the threemonths ending September 30, versus a loss of $417,368 during the same...
Mining Nov 19, 2019 Rapaport News
SK lab grown diamonds
Revenue Tumbles at Singapore’s SK Jewellery
Singapore-based retailer SK Jewellery Group saw a heavy declinein sales for the third quarter amid economic challenges in key markets and theclosure of its gold-trading platform. Revenue fell 46% to SGD 32.6 million ($24 million),...
Retail Nov 19, 2019 Rapaport News
Swiss watches 111919 150
US, China Boost Swiss Watch Trade
Swiss watch exports rose 1.5% to CHF 2.03 billion ($2.04billion) in October as increased orders from the US, China and Japan outweighed a significant drop in Hong Kong. “Overall growth was hindered by [a] very marked...
Retail Nov 19, 2019 Rapaport News
TIffany store 150
Tiffany to Hire Outsider for New Brand Role
Tiffany & Co. plans to create a new role of chief brand officer to replace its current head of merchandising. The recruit, who will come from outside the company and will also be an executive vice president,...
Retail Nov 19, 2019 Rapaport News
Rough fancy intense yellow diamond for Princess Cu
Zimbabwe to Take Smaller Cut of Diamond Sales
Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to encourage companies to invest in the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond...
Mining Nov 18, 2019 Rapaport News
Rough diamonds
Rough Slowdown Weighs on Asian Star
Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
Manufacturing Nov 18, 2019 Joshua Freedman
Orapa De Beers
De Beers Announces 2020 Sight Schedule
De Beers has released the dates of the 10 sights it willhold in Gaborone, Botswana, next year. The miner sells around 90% of its roughat those sales, with the rest available at auctions. The January sight will...
Rough Markets Nov 18, 2019 Rapaport News
Star Diamond 150
Rio Tinto Seeks Majority Stake in Canada Site
Rio Tinto wants to buy a 60% stake in the Star-Orion South diamond exploration site in Canada for CAD 70.5million ($53.3 million), according to project owner Star Diamond Corp. In 2017, Rio Tinto entered into a joint-venture...
Mining Nov 17, 2019 Rapaport News
NRF Holiday mall 150
US Retail Sales Rise Ahead of Holidays
US retail sales showed “particularly impressive” growth inOctober as shoppers prepared for the upcoming holiday season, according to the National Retail Federation (NRF). Total purchases for October — excluding automobiles,gasoline and restaurants — rose 0.2%...
Retail Nov 17, 2019 Rapaport News
Bonhams fancy blue earrings 150
Blue Diamond Earrings Lead Bonhams Auction
A pair of blue diamond earrings will lead a sale of finejewels at Bonhams that includes pieces from the estate of former New YorkYankees owner George Steinbrenner’s wife. The earrings feature a marquise-shaped brilliant cut,fancy-intense-blue diamond with...
Polished Markets Nov 17, 2019 Rapaport News
Petra Cullinan blue 150
Petra Sells 20ct. Blue Diamond for $15M
Petra Diamonds sold a 20-carat blue diamond from itsCullinan mine in South Africa for just under $15 million. “We are very pleased with this result, which is in line withour expectations and confirms the...
Mining Nov 17, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polishedmarket stable and showing rise in demand for 0.30 to 0.50 ct. Reducedmanufacturing has led to shortages of top-quality RapSpec A3+ goods. Roughtrading steady after price cuts at $390M Nov. De Beers sight. Alrosa 3Q profit -44%...
Polished Markets Nov 14, 2019 Rapaport News
India cutting
India: Normality Returning After Diwali Break
Mumbai trading back tonormal after Diwali break. Israeli and Korean buyers looking for SI and I1goods. Surat cutters to resume operations on Nov. 18. Manufacturers resistingpressure to reduce polished prices after rough declines. Volatile...
Research Nov 14, 2019 Rapaport News
Rapaport TradeWire November 14, 2019
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Research Nov 14, 2019 Rapaport
Rapaport TradeWire November 14, 2019
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Research Nov 14, 2019 Rapaport
Bonhams
Bonhams Auctions Barbara Taylor Bradford’s Jewels
Bonhams is set to auction jewelry from the privatecollection of international best-selling author Barbara Taylor Bradford amassed during her 57-year relationship with her movie-producer husband. A radiant-cut, 11.30-carat, fancy-yellow, VS1-claritydiamond ring, flanked by baguette-cut diamonds,...
Rough Markets Nov 14, 2019 Rapaport News
Polished diamonds
India Polished Exports Drop
India’s polished-diamond exports fell 15% to $1.95 billion inOctober, reflecting a 22% slide in the average price of shipments. Export volumerose 8% to 2.8 million carats, according to data from the Gem & JewelleryExport Promotion Council. The...
Polished Markets Nov 14, 2019 Rapaport News
Sotheby's
Cartier Bracelet Soars Past Estimate at Sotheby’s
A sapphire and diamond bracelet fetched more than doubleits high estimate at Sotheby’s Geneva auction, selling to a female Asian collector after a bidding war. The piece contains a 47.07-carat, royal-blue Burmesesapphire center stone with high...
Polished Markets Nov 14, 2019 Rapaport News
Michael Hill
Michael Hill Offers Lab-Grown Collection
Australian jeweler Michael Hill has launched a line oflab-grown diamond engagement rings priced at up to AUD 15,999 ($10,920), in aneffort to appeal to a larger consumer base. “We understand that our customers appreciate having genuineoptions when it comes...
Retail Nov 13, 2019 Rapaport News
Analyzing rough at KGK Botswana
Rough Market Picks Up at De Beers Sight
De Beers’ November sales totalled $390 million, the highest for five months, as the roughmarket stabilized and the miner reduced prices to trigger demand.Proceeds from the ninth sales cycle fell 12% compared with...
Rough Markets Nov 13, 2019 Joshua Freedman
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