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CIBJO Gen Z
CIBJO Urges Trade to Woo Gen Z-ers
Understanding the newest generation of jewelry-buyingconsumers is imperative for the industry to thrive, the World JewelleryConfederation (CIBJO) stressed last week ahead of its upcoming congress inBahrain. Members of Generation Z, which includes consumers aged 15 to25, will...
Retail Sep 15, 2019 Rapaport News
De Beers
De Beers Finds Buyer for Namibia Mine
De Beers has sold the Elizabeth Bay mine for NAD 120 million ($8.2 million), a year after it ceased operations at the deposit. The miner chose Lewcor Group, a 100% Namibian-ownedconsortium, following an extensive search for...
Mining Sep 15, 2019 Rapaport News
Borsheims
Borsheims Creates New Customer-Focused Position
Borsheims has promoted Adrienne Fay to vice president, tooversee the customer-purchase journey and unite the online and in-storeshopping experiences. The newly-created role is part of the jeweler’s shift in strategy that places a greater emphasis...
Retail Sep 15, 2019 Rapaport News
Podcast
Podcast: Young Diamantaires Explore South Africa
The Rapaport Diamond Podcast interviews Rami Baron, founder of the Young Diamantaires group and leader of a trip to De Beers’ Venetia mine in South Africa.In this episode, Baron speaks to Rapaport senior news reporter Joshua Freedman,...
Polished Markets Sep 15, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Low expectations for nextweek’s Hong Kong show, with fewer suppliers and buyers attending due to ongoingdemonstrations. Dealers hoping polished trading will improve as US holiday seasonapproaches. Rapaport calls for $1B industry-wide marketing campaign...
Polished Markets Sep 12, 2019 Rapaport News
India data
India: Polished Production Low
Market for 0.30 to 0.40ct. stabilizing due to lower production. Buyers looking to fill specific requestsrather than build inventory. Fewer dealers than usual going to Hong Kong showdue to ongoing protests and drop in Chinese wholesale...
Research Sep 12, 2019 Rapaport News
Rapaport TradeWire September 12, 2019
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Research Sep 12, 2019 Rapaport
Young Diamantaires South Africa Venetine mine visi
Nurturing the Next Generation of Diamantaires
If anyone in the industry wanted to know how to transform a diamondbusiness and safeguard its future, they might do well to speak to the 25members of the Young Diamantaires group who went on last week’s mission toSouth Africa.The delegates...
Mining Sep 12, 2019 Joshua Freedman
MR Marketing 150
Martin Rapaport Urges $1B Marketing Spend
Martin Rapaport hascalled for more effective marketing of diamond jewelry and a $1 billion global campaign promoting natural-diamond engagement rings. Speaking at the 18thParis Gemmological Rendez Vous on September 9, Rapaport, chairman of theRapaport Group, said current...
Polished Markets Sep 11, 2019 David Brough
24 Karat Club 150
24 Karat Club Names Excellence Honorees
The 24 Karat Club of Southern California will recognize three industry members fortheir work in the trade at its 2019 annual gala, it said Monday. Terry Chandler, CEO of the Diamond Council of America (DCA),will receive the...
Polished Markets Sep 11, 2019 Rapaport News
AWDC
Belgium Diamond Trade Slows
Belgium’s diamond trade continued its decline in August, withrough and polished shipments slowing. Polished exports slumped 34%, reflectinglower volumes and a steep drop in the average price, according to data from theAntwerp World Diamond...
Polished Markets Sep 11, 2019 Rapaport News
Alrosa
Alrosa Sales Slide in August
Alrosa’s sales fell 38% year on year to $181.8 million in August, as weakness in the market persisted. However, the result was an improvement on last month’s$170.5 million, the miner’s weakest figure since it began releasing data in 2016....
Mining Sep 10, 2019 Rapaport News
Signet
Signet Names New UK Managing Director
Signet Jewelers has appointed Neil Old as managing directorof its UK operations, where he will lead the team in implementing the Path toBrilliance program. Old, who will oversee the company’s British businessesincluding H. Samuel and...
Retail Sep 10, 2019 Rapaport News
Stornoway
Lenders to Acquire Stornoway
Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure...
Mining Sep 10, 2019 Rapaport News
John McCullough
James Avery Picks Non-Family Member as CEO
James Avery Artisan Jewelry has named John McCullough as CEO— the first non-family member to lead the Texas-based retailer. McCullough, who was previously chief operating officer (COO),succeeds Chris Avery, who has been...
Mining Sep 10, 2019 Rapaport News
Shanghai
Signet Scaling Back China Buying
Signet Jewelers plans to reduce its purchasing of Chinesegoods by about 50%, aiming to minimize the impact of US tariffs on thebusiness. “We have been successful in working with our vendors to movea significant amount of our China exposure to other...
Retail Sep 09, 2019 Rapaport News
Marketing
Opinion: An Urgent Call to Invest in Marketing
The diamond industry must significantly increase its marketing spend to ensure the trade’s longevity. This need is highlighted by the difficult conditions the sector has endured over the past few years.Recent challenges have...
Marketing Sep 09, 2019 Shashin Choksi & Siddharth Choksi
Rio Tinto
Rio Tinto Unveils Array of Rare Argyle Pinks
Rio Tinto has launched a collection of rare pinkdiamonds from its Argyle mine, which has been specially curated to showcase thefull color palette of the deposit’s stones. The Argyle Pink Everlastings collection contains 64 lots...
Mining Sep 09, 2019 Rapaport News
Sothebys
Sotheby’s to Sell 81ct. Flawless Diamond
A flawless white diamond with a high estimate of $13 millionwill feature in Sotheby’s Magnificent Jewels and Jadeite auction in Hong Kong next month. The emerald-cut, 80.88-carat, D-color, type IIa stone is valuedat $10 million to $12.8...
Polished Markets Sep 09, 2019 Rapaport News
Alrosa
Alrosa Consolidating Key Mining Division
Alrosa’s supervisory board will vote Tuesday on whether to close a subsidiary that controls two of its largest mines, bringing those deposits into its core business.The Russian miner owns a 97.5% stake in Alrosa-Nyurba, which holds...
Mining Sep 08, 2019 Rapaport News
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