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Rapaport Weekly Market Comment
Market sentiment improves as focus shifts to retail aheadof Thanksgiving weekend. Jewelers preparing Black Friday promotions, withstrong emphasis on e-commerce. Department stores and mall-based retailersoffering heavy online discounts to entice customers. A lot of diamonds out...
Polished Markets Nov 21, 2019 Rapaport News
India Diamond Week Launches 150
India: Rough Demand Steady
Surat manufacturing backto normal as most workers have returned after Diwali break. Steady rough demandas factories raise polished production. Shortages in select RapSpec A3+ diamondswith no fluorescence. Overseas buyers, mainly from Israel and...
Research Nov 21, 2019 Rapaport News
lab-grown diamond committee 150
CIBJO Creates Lab-Grown Diamond Committee
The World Jewellery Confederation (CIBJO) has votedto establish a lab-grown diamond committee that will determine rules for the synthetics sector. The CIBJO board approved the move at the confederation’s 2019 congress in Bahrain,...
Polished Markets Nov 21, 2019 Rapaport News
Phillips Tiffany Blue 150
3ct. Blue Diamond to Lead Phillips Sale
Phillips will feature a blue diamond ring by Tiffany & Co. at its upcoming New York Jewels auction, expecting it to fetch up to $2.5 million. The cut-cornered square modified brilliant-cut, 3.02-carat,fancy-intense-blue, VS2-clarity diamond ring will lead...
Polished Markets Nov 21, 2019 Rapaport News
TIffany Daniella Vitale 150
Tiffany Brings Ex-Barneys CEO on Board
Tiffany & Co. has appointed former Barneys New York CEODaniella Vitale as executive vice president and chief brand officer, a newlycreated role that combines merchandising and marketing, Bloomberg reported. Vitale left the...
Retail Nov 21, 2019 Rapaport News
Argyle Enigma 150
Rio Tinto Sees Strong Bidding for Argyle Pinks
Rio Tinto saw a double-digit increase in the number of bidsat its 2019 Argyle Pink Diamond Tender, the company reported.The miner offered two collections at the tender, with one buyer acquiring all 64 lots of the...
Polished Markets Nov 20, 2019 Rapaport News
Lucapa 220 diamond 150
Mothae Yields Two Diamonds over 100ct.
Lucapa Diamond Company has unearthed two rough diamondsweighing more than 100 carats from its Mothae mine in Lesotho. The 220- and 127-carat stones, which are low-quality diamonds, werefound during the treatment...
Mining Nov 20, 2019 Rapaport News
Antwerp Bourse
Decline in Belgium Trade Intensifies
Belgium’s diamond trade slowed at a higherrate in October, reflecting global market weakness. Polished exports fell 30%to $671 million, compared with a 25% drop in September.Rough shipments also slumped, according to data from the Antwerp World...
Polished Markets Nov 20, 2019 Rapaport News
rough diamond in fingers Diamcor 150
Diamcor Mining 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 in October as increased orders from the US, China and Japan outweighed a significant drop in Hong Kong.Shipments grew 1.5% year on year to CHF 2.03 billion ($2.04 billion). “Overall growth was...
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
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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
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