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Mene jewelry
Online Gold Jeweler Mene Sees Sales Jump
Sales at Mene, an online retailer that prices its precious-metal jewelry based on weight, soared more than 60% last year as the up-and-coming company ramped up its operations.Revenue jumped 64% to CAD 21.4 million ($16.8 million)...
Retail Jan 05, 2021 Rapaport News
Gahcho Kue 157.4 ct Rough
Robust Rough Market Boosts Mountain Province
Mountain Province reported strong sales during the fourth quarter, noting that rough prices surpassed pre-Covid-19 levels in most categories.Revenue for the final three months of the year reached $61.7 million, the Canada-based...
Rough Markets Dec 17, 2020 Rapaport News
Michael Hill store Niagara-on-the-Lake Canada
Michael Hill Forecasts Half-Year Profit
Australian jeweler Michael Hill predicted a rise in profit for the current half year after reporting growth in same-store sales.Sales at branches open for at least 12 months increased 8% year on year in the 22 weeks ending November 29,...
Retail Dec 10, 2020 Rapaport News
Looking at polished diamond through loupe at Almod
De Beers Aims for Full Traceability by 2030
De Beers has pledged to provide the origin and impact of all its diamonds by 2030 as part of a plethora of sustainability goals it has set out for the coming decade.By 2025, it will “scale” programs that help identify...
Retail Nov 30, 2020 Rapaport News
Birks store Toronto Canada
Birks Sales Slide After Store Closures
Canada-based jewelry retailer Birks Group saw sales slump in its first fiscal half as the coronavirus forced stores to shut for much of the period.Revenue slid 33% year on year to just over CAD 57 million ($43.9...
Retail Nov 29, 2020 Rapaport News
Gahcho Kue
Mountain Province Sees Drop in Quarterly Sales
Mountain Province’s revenue fell 14% year on year to CAD 47.3 million ($36.1 million) in the third quarter as Covid-19 limited the miner’s ability to sell rough.The company held only one standard sale during the...
Mining Nov 05, 2020 Rapaport News
Mountain Province
Rough Demand Jumps at Mountain Province Sale
Mountain Province recorded its largest open-market sale to date as rough-diamond demand returned ahead of the holiday season.The miner sold 559,528 carats for $34.3 million at last month’s tender in Antwerp, averaging $61 per carat,...
Rough Markets Nov 03, 2020 Rapaport News
Patent
WD Opens Up Lab-Grown Patents to Distributors
WD Lab Grown Diamonds has entered into patent sublicensing agreements with two synthetics companies, enabling them to distribute chemical vapor deposition (CVD) stones in North America and beyond.The deals with Altr and Altr...
Financial-Legal Oct 25, 2020 Rapaport News
Diamond jewelry retail
Jewelry Trade Continues to Shrink
The US jewelry industry continued to downsize in the third quarter, with 101 companies leaving the business, according to new data from the Jewelers Board of Trade (JBT).Nine firms went bankrupt, while 37 dropped out due...
Retail Oct 18, 2020 Rapaport News
Ralph Vantyghem
Diamond Wholesaler Ralph Vantyghem Dies
Ralph Vantyghem, the president of Canada’s Vantyghem Diamonds, died on October 3 after a three-year battle with kidney cancer, according to a statement by his family. He was 72.Vantyghem and his wife, Arlette, grew up in Belgium, and later moved...
Polished Markets Oct 11, 2020 Rapaport News
Birks Group
Birks Could Face Delisting After Losses
The New York Stock Exchange (NYSE) has told Birks Group it is no longer compliant with its listing rules, after the Canadian jeweler incurred losses for four consecutive fiscal years.NYSE American, the exchange’s...
Retail Aug 17, 2020 Rapaport News
Birks Group
Birks Sales Rise Pre-Pandemic
Birks Group’s sales increased sharply in the latest fiscal year as three of its major retail stores reopened following renovations.The Canadian jeweler resumed trading at flagship sites in Vancouver, Toronto and Montreal during the 12-month...
Retail Jul 12, 2020 Rapaport News
Gahcho Kué
Mountain Province Investor to Buy $50M in Rough
Mountain Province plans to sell $50 million worth of rough diamonds to an entity owned by one of its major shareholders, generating liquidity amid weak prices.The first sale of $22 million in diamonds to Dunebridge Worldwide will take place...
Mining Jun 09, 2020 Rapaport News
Dominion 552
Dominion Files for Insolvency Protection
Dominion Diamond Mines has filed for and received insolvency protection, a month after suspending operations at its Ekati deposit in Canada due to the coronavirus pandemic.The company was granted protection from its creditors under...
Mining Apr 23, 2020 Rapaport News
De Beers Jwaneng mine
De Beers Pauses Botswana Mining
De Beers’ mining operations in Botswana have been on hold for more than two weeks amid a national lockdown, the company told Rapaport News.Debswana, the company’s joint venture with the government, paused activities on April...
Mining Apr 19, 2020 Rapaport News
Jwaneng
De Beers Converting Facilities to Tackle Virus
De Beers is using its mining sites in Botswana and its technology production center in the UK to help the fight against COVID-19.Debswana, the company’s joint venture with Botswana, is making facilities available for the government to use...
Mining Apr 06, 2020 Rapaport News
Kay Jewelers store Bethesda
Signet Closing All Stores in US, Canada
Signet Jewelers is shutting all its stores in North America due to the coronavirus, a company spokesperson confirmed with Rapaport News.The temporary closure goes into effect at the close of business on Sunday, the spokesperson said. It applies...
Retail Mar 22, 2020 Joshua Freedman
Mountain Province
Mountain Province Weighs Virus Effects
Mountain Province has delayed its year-end results by a week due to the effects of the coronavirus, the Canadian diamond miner said Monday.The company and its auditors have been unable to complete the relevant work...
Mining Mar 16, 2020 Rapaport News
Michael Hill store
Online Growth Boosts Michael Hill Sales
Revenue at Michael Hill grew 4.4% year on year to AUD 329.5 million ($216.7 million) in the Australian jeweler’s first fiscal half, as investments in digital platforms paid off.Same-store sales — at retail locations open for at least a year...
Retail Feb 27, 2020 Rapaport News
DEF
DEF Invests in Education on Three Continents
The Diamond Empowerment Fund (DEF) has grantedits largest-ever award, to be shared among nine beneficiaries across three continents.The $470,000 training and education grant,released early last week, is designed to support girls’ education,entrepreneurship and youth...
Financial-Legal Oct 15, 2019 Rapaport News
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