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Kareevlei Rough
Kareevlei Rough Fetches $9,751/ct.
BlueRock Diamonds, which owns the Kareevlei mine in SouthAfrica, has sold a 10.6-carat rough diamond for $103,000 at its Septembertender. The stone, fetching $9,571 per carat, is the sixth diamond the miner has sold...
Mining Sep 23, 2019 Rapaport News
India GST
India Reduces Diamond Industry’s Tax Burden
The Indian government has lowered the rate of goods and services tax(GST) for certain diamond work in a move that will help buoy the struggling sector, the nation’s Gem & Jewellery Export Promotion...
Polished Markets Sep 23, 2019 Rapaport News
MVI
Consumers Willing to Pay More for Verification
Consumers are prepared to pay a premium for a diamond that has been verified as responsibly sourced, MVI Marketing found in a survey. Approximately one third of consumers would shell out anextra 5% on top of the retail price for...
Retail Sep 22, 2019 Rapaport News
Chiswick
Ruby Ring Smashes Estimate at Auction
A Burmese ruby ring from a private European estate sold formore than 18 times its low estimate, setting a new house record at ChiswickAuctions. An undisclosed buyer purchased the 10.51-carat, natural, unheated stone for GBP 462,500($576,817)....
Polished Markets Sep 22, 2019 Rapaport News
ALTR
Ex-De Beers Exec Joins Lab-Grown Supplier
Lab-grown brand Altr Created Diamonds has appointed RichardWhitby chief financial officer as part of an effort to broaden the company’s reach. “Bringing Richard on board marks a pivotal point for Altr aswe continue our global expansion...
Polished Markets Sep 22, 2019 Rapaport News
RJC Plumb Club
Plumb Club Requires Members to Join RJC
The Plumb Club has become the first trade group to requireall members to sign up to the Responsible Jewellery Council (RJC). The supplier and manufacturer group hopes that other tradeassociations will follow suit, thereby...
Polished Markets Sep 22, 2019 Rapaport News
Stornoway
Stornoway to Lose Stock-Exchange Listing
The Toronto Stock Exchange is set to delist StornowayDiamond Corporation following the miner’s move to seek creditorprotection. The company received notice from the bourse that it would be removed from the exchange at close of business on October...
Mining Sep 22, 2019 Rapaport News
Rapaport TradeWire September 19, 2019
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Research Sep 19, 2019 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Hong Kong show brings fewervisitors, but better-than-expected trading. Serious buyers attending. Fair reflectsspecific Chinese interest and shift to lower-color diamonds. Pockets of gooddemand, with shortages of nice (eye-clean) RapSpec A3+ SIs due to reducedmanufacturing....
Polished Markets Sep 19, 2019 Rapaport News
Diwali 150
India: Some Manufacturers Closing Early for Diwali
Fewer goods and buyersin the local market during the Hong Kong show. Dealers looking to fill specificorders, with very little inventory-buying. Volatile melee market seeing slight improvementin lower price ranges. Polished...
Research Sep 19, 2019 Rapaport News
Lucara
Karowe Yields Two Massive Stones
Lucara Diamond Corp. has recovered a 123-carat, type IIrough and a 375-carat, gem-quality stone from the high-value portion of its Karowemine in Botswana, it said Wednesday. Including the two diamonds, the company has unearthed 29diamonds...
Mining Sep 19, 2019 Rapaport News
Jewelers of America (JA)
Ed Bridge to Receive Lifetime Achievement Honor
Jewelers of America (JA) has named Ed Bridge, chairman of Ben Bridge Jeweler, as the recipient of its 2020 GEM Award for LifetimeAchievement. The GEM Awards honor the outstanding achievements ofindividuals or companies whose work raises...
Retail Sep 19, 2019 Rapaport News
Swiss Watches
American Demand Drives Swiss Watch Exports
Swiss watch exports rose 1.5% year on year to CHF 1.52 billion ($1.53billion) in August amid increased growth in US demand ahead of the September 1tariff hikes. “In the US, growth continued to increase regularly, makingit the...
Retail Sep 19, 2019 Rapaport News
Bonhams
Bonhams Auctions Historic Emerald
A historic emerald given to Lady Mary Hood Mackenzie byMughal Emperor Akbar II in 1813 will go under the hammer at Bonhams, the auctionhouse said Tuesday. The Art Deco, Persian-engraved, octagonal-cut Colombianemerald brooch is set in a frame of black...
Polished Markets Sep 19, 2019 Rapaport News
Sarine
Sarine, NGTC Partner on Grading Standards
Sarine Technologies is collaborating with China’sNational Gemstone Testing Center (NGTC) to advance diamond-gradingstandards in China. Sarine CEO DavidBlock and NGTC president ZhiBin Ye signed the agreement in Beijing Monday, with the intention of combining NGTC’s extensive...
Polished Markets Sep 19, 2019 Rapaport News
HK Show
Hong Kong Fair Prioritizes Buyer Incentives
The organizers of the September Hong Kong Jewellery & Gem Fair rejected the trade’s request for a discount, executives confirmed Wednesday.The Hong Kong Jewelry Manufacturers’ Association (HKJMA) had asked Informa Markets for...
Polished Markets Sep 18, 2019 Joshua Freedman
GIA
GIA Names New Mineral Johnkoivulaite
The Gemological Institute of America (GIA) has confirmed anew mineral species discovered in Myanmar, which it has called johnkoivulaite. The organization named the substance in honor of renownedmicroscopist and GIA researcher John Koivula. The 40-year...
Polished Markets Sep 18, 2019 Rapaport News
Magazine men's jewelry
Men’s Jewelry on the Rise
It seems men are tired of letting women do all thesparkling. In September 2018, The New York Times printed a story aboutthe growing popularity of men’s jewelry, tying the trend to the introduction ofmen’s fashion weeks and...
Retail Sep 18, 2019 Lara Ewen
Alrosa Kristall
Alrosa Expects Kristall Merger in September
Alrosa’s supervisory board is set to vote on the acquisitionof diamond manufacturer Kristall, which will enable the miner to focus onincreasing sales in the US and China, it said Tuesday. The deal, which will go up for consideration on September24,...
Polished Markets Sep 18, 2019 Rapaport News
Gem Diamonds
Gem Diamonds Unearths 127ct. Rough
Gem Diamonds has recovered a diamond weighing 127 caratsfrom its Letšeng mine in Lesotho. The miner found the D-color, type II stone on September 11,it said Monday. The diamond is the fourth white stone of that...
Mining Sep 18, 2019 Rapaport News
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