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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
GIA
Two New Governors Join GIA Board
The Gemological Institute of America (GIA) has appointed Jeffrey Post and Tammy Storino as governors to its board, to help steer the organization’s mission andstrategic initiatives. Post, a research geologist at the SmithsonianNational Museum of Natural History,...
Polished Markets Nov 13, 2019 Rapaport News
Dubai Conference Lab Grown Panel
Synthetics vs. Natural: The Battle over Value
In a jam-packed program, the Dubai Diamond Conference set the stage well for its main bout: finally, a match-up between the lab-grown and mined diamond producers. At its core, the debate among panelists in the...
Polished Markets Nov 13, 2019 Avi Krawitz
Christies
7ct. Blue Fetches $12M at Christie’s Geneva
A fancy-deep-blue diamond ring by Moussaieff fetched nearly$12 million at Christie’s Geneva auction Tuesday, becoming the most expensivepiece of jewelry sold this season, the company said. The rectangular-cut, 7.03-carat, VVS2-clarity stone sold toa private...
Polished Markets Nov 13, 2019 Rapaport News
Singles Day
Alibaba’s Singles’ Day Sales Soar
Singles’ Day has continued to grow as a major onlineshopping occasion in China, with Alibaba Group reporting record sales through itse-commerce sites. The total value of transactions on the Chinese retailgiant’s platforms rose 26% to CNY 268.4...
Retail Nov 12, 2019 Rapaport News
Bonhams
Art Deco Jewels Lead Bonhams Auction
An aquamarine and diamond necklace by Cartier will lead thesale of a selection of Art Deco jewels at Bonhams next month.The piece, dated from 1940, is set to go under the hammerestimated at GBP 100,000 to GBP 150,000 ($128,290 to $192,435), along...
Polished Markets Nov 12, 2019 Rapaport News
Sotheby's
Sotheby’s to Sell Rare Fancy-Color Diamond
A rare fancy-deep-grayish-blue diamond ring with a highestimate of $8 million is set to lead Sotheby’s Magnificent Jewels sale in NewYork next month.The cushion-cut, 7.55-carat, type IIb, SI2-clarity stone,called the Indian Blue, is valued at $6 million to $8 million, and displays...
Polished Markets Nov 12, 2019 Rapaport News
De Beers sightholder office
De Beers Sightholders Embracing Synthetics
Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independentlab-grown business. It’s been an open secret for months that majormanufacturers of natural diamonds have been...
Polished Markets Nov 12, 2019 Joshua Freedman
Bailey Banks & Biddle store Houston Texas
Bailey Banks & Biddle Files for Chapter 11
The parent company of Bailey Banks & Biddle, whichclaims to be the US’s oldest nationwide jeweler, has filed for Chapter 11bankruptcy in Texas, according to a court document. Houston-based BBB Group estimated both assets andliabilities of up to $50,000...
Retail Nov 11, 2019 Rapaport News
MBLM
Jewelers Top Luxury ‘Brand Intimacy’ Study
Rolex, Cartier and Tiffany & Co. have captured the top threespots in the luxury category when it comes to the emotional connectioncustomers have with a brand, according to a study of “brand intimacy.” The three jewelry brands...
Retail Nov 11, 2019 Rapaport News
Alrosa Sarine
Alrosa Launches Digital Tenders with Sarine Tech
Alrosa has implemented a digital-tender pilot enabling buyers to scan rough diamonds to evaluate their polished output using systems from SarineTechnologies. The program, which the Russian miner debuted at its October sale, uses Sarine’s...
Rough Markets Nov 11, 2019 Rapaport News
Titan Company
Titan Sales and Profit Increase
Revenue and profit at Titan Company rose as the retailer sawgrowth across all its businesses in the second fiscal quarter. Sales increased 2% to INR 46.93 billion ($657.7 million), including at subsidiaries, inthe three months ending...
Retail Nov 10, 2019 Rapaport News
Diamond exchange district
Israel Polished-Diamond Exports Decline
Israel’s polished-diamond exports fell 21% to $2.62 billionin the first nine months of the year, according to data from the nation’sMinistry of Economy. Shipments to the US, Israel’s largest export market,dropped 14% to $1.13 billion, while...
Polished Markets Nov 10, 2019 Rapaport News
Alrosa
Alrosa Profit Drops in Third Quarter
Weak rough-diamond demand led to a decline in profit at Alrosa in the third quarter, the Russian miner reported. Profit slid 44% to RUB 13.5 billion ($211.6 million) for thethree months ending September 30, as revenue faltered...
Mining Nov 10, 2019 Rapaport News
Forevermark
Forevermark Opens First US Boutique
Forevermark has opened its first boutique in the US, inpartnership with the owners of Padis Jewelry.“In opening our first Forevermark boutique, consumers willbe able to more deeply experience and appreciate the full journey...
Retail Nov 10, 2019 Rapaport News
Richemont
Richemont Weathers Hong Kong Storm
Jewelry sales at Richemont increased 8% in the first fiscalhalf, even as the company faced a challenging market in Hong Kong. Jewelry proceeds at Cartier and Van Cleef & Arpels roseto EUR 3.74 billion ($4.12 billion) in the...
Retail Nov 10, 2019 Rapaport News
Rapaport TradeWire November 7, 2019
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Research Nov 07, 2019 Rapaport
Rapaport TradeWire November 7, 2019
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Research Nov 07, 2019 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Sentiment improving afterDe Beers reduced rough prices 5%-7% at Nov. sight. Better demand for RapSpecA3+ polished, driven by US holiday orders. Chinese demand and reduced supplysupporting 0.30 to 0.50 ct. D-G, IF-VS categories. Potential...
Polished Markets Nov 07, 2019 Rapaport News
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