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sarine
Sarine’s Revenue Plummets 42% in 2Q as Demand in Key Markets Weakens
Sarine Technologies Ltd., a diamond manufacturing equipment maker and bell weather for the industry, reported a 42 percent plunge in its second-quarter revenue as demand for polished in its key markets weakened and rough prices rose....
Technology Aug 11, 2015 Rapaport News
Steven Seagal
Hollywood Star Steven Seagal May Invest in Russian Diamond Mines: ALROSA
Hollywood actor and martial arts film star Steven Seagal recently visited ALROSA’s operations in Russia’s Yakutia region as part of a trip to the region. Contrary to an initial report last Thursday by Russia’s Interfax news agency, Seagal...
Mining Aug 11, 2015 Ronen Shnidman
Hong Kong Flag
Hong Kong Data Shows Declines Across Import and Exports of Rough and Polished
Hong Kong's polished diamond imports decreased 4 percent year on year to $9.3 billion during the first half of 2015, according to the Diamond Federation of Hong Kong, China Ltd. By volume, polished imports dropped 9 percent to 9.635...
Polished Markets Aug 10, 2015 Ronen Shnidman
Paragon Diamonds
Lesotho Approves Paragon Diamonds's Acquisition of Mothae Mine
Lesotho has approved Paragon Diamonds Limited's acquisition of a majority stake in the Mothae mining project, the mining explorer announced on Friday.The company agreed to pay Lucara Diamond Corp. $8.5 million for its 75 percent stake...
Mining Aug 09, 2015 Ronen Shnidman
Yellow Crime
Robbers Steal $750,000 of Diamonds and Jewelry From Salesman in LA
Robbers stole of $750,000 worth of goods from a 50-year-old jewelry salesman Thursday evening in the parking lot of a kosher deli on Los Angeles’ West Pico Boulevard. Two robbers dressed in black and with their faces covered...
Financial-Legal Aug 09, 2015 Ronen Shnidman
Jewelry
U.S. Jewelry and Watch Sales in June Fall 1.5% to $5.2B
U.S. jewelry and watch sales across all channels fell in June, declining 1.5 percent year on year to $5.2 billion as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales declined 1.3...
Retail Aug 06, 2015 Ronen Shnidman
Rio Tinto
Rio Tinto Diamond Revenue -23% to $331M in 1H
Rio Tinto reported mixed results for its diamond operations in its first half report released on Thursday, with the effect of softening demand for rough diamonds offset by a strengthening dollar. Diamond operations’ revenue slumped...
Mining Aug 06, 2015 Ronen Shnidman
Neiman Marcus
Neiman Marcus Prepares for $100M Share Listing
Neiman Marcus, a U.S.-based luxury retailer, said its planning an initial public offering to raise $100 million capital in a filing made with the U.S. Securities and Exchange Commission (SEC) on Tuesday. The value of the IPO...
Financial-Legal Aug 06, 2015 Ronen Shnidman
Diamonds
Supergems India to Tender 200 Polished Diamonds at IIJS Show
Supergems India announced on Wednesday that it will offer 200 graded and certified diamonds at a polished tender between August 6 to August 10 at the India International Jewellery Show (IIJS).The diamonds on offer include round and fancy shape...
Polished Markets Aug 05, 2015 Ronen Shnidman
silver jewelry
U.S. Silver Jewelry Imports Rise in First 5 Months of 2015
Imports of silver jewelry to the U.S. increased 11 percent from the beginning of 2015 until the end of May, according to the Silver Institute, a non-profit silver industry association.The U.S. is the world's largest importer of silver jewelry...
Retail Aug 05, 2015 Ronen Shnidman
bharat
Mumbai Bourse Suspends Member for Selling Undisclosed Synthetic Diamonds
The Bharat Diamond Bourse suspended the membership of VSM Diamonds Private Limited and a number of individuals connected to the firm after finding that they had traded synthetic diamonds without making proper disclosures.Consequently, the...
Polished Markets Aug 04, 2015 Ronen Shnidman
Israel-HK Popup
Hong Kong Pop-Up Store to Showcase Israeli Designers
The Israel Export & International Cooperation Institute (IEICI) will open a pop-up store in Hong Kong in late October to showcase the creations of 20 Israeli product designers to East Asian retailers.The store will feature diamonds and...
Marketing Aug 04, 2015 Ronen Shnidman
Kao Mine 140x95
Kao Mine Large Diamond Tender Begins in New York
Rough diamond brokers Fusion and I. Hennig began special viewings for a tender of large rough diamonds recovered from the Kao mine in Lesotho in New York on Monday.The two highlights of tender are expected to be a 153.66-carat white...
Rough Markets Aug 03, 2015 Ronen Shnidman
US Patent and Trademark Office logo
US Grants Industry Trademarks to A. Dalumi, Maiden Lane Jewelry and Others
The U.S. Patent & Trademark Office (USPTO) assigned the trademark "Golden Diamonds By Dalumi" to A. Dalumi Diamonds Ltd., a diamantaire based in Israel on July 28 with the registration number 4783273. A. Dalumi filed for the trademark...
Financial-Legal Aug 03, 2015 Ronen Shnidman
Gem Diamonds
Gem Diamonds' 1H Revenue Falls 28%
Gem Diamonds’ revenue declined 28 percent year on year to $106.3 million in the first half that ended on June 30 2015, hurt by reduced production and lower prices received for commercial-quality rough diamonds. The average price...
Mining Jul 30, 2015 Ronen Shnidman
The Conference Board logo
Conference Board: U.S. Consumer Confidence Falls 9% in July
The Conference Board Consumer Confidence Index dropped to 90.9 in July from 99.8 in June (1985=100). The Present Situation Index slid to 107.4 from 110.3 in June and the Expectations Index declined sharply to 79.9 from...
Research Jul 29, 2015 Ronen Shnidman
Signet Jewelers
Signet Replaces DirectTV in S&P 500 Index
Signet Jewelers Limited entered the Standard & Poor 500 Index after the close of trading on Tuesday, replacing satellite television company DirectTV. Signet was replaced as a constituent of the S&P MidCap 400 by pharmaceutical company...
Financial-Legal Jul 29, 2015 Ronen Shnidman
Gucci China
Kering Group 1H Sales +17%, But Luxury Sales Flat
Luxury retailer Kering reported that sales increased 17 percent year on year to $6.1 billion (EUR 5.5 billion) during the first six months of 2015. The group said sales were boosted by a weaker euro and...
Retail Jul 28, 2015 Ronen Shnidman
Rajesh Exports
Rajesh Exports Acquires Precious Metals Refiner Valcambi For $400M
Rajesh Exports, an India-based jewelry manufacturer, acquired Valcambi, the world’s largest precious metal refining company for $400 million in cash. Rajesh Exports purchased the Swiss-based refiner from gold and copper mining giant...
Manufacturing Jul 28, 2015 Ronen Shnidman
Bank
IndusInd Bank Acquires Diamond Loan Portfolio Held by RBS
IndusInd Bank announced Monday that it had completed its acquisition of the diamond and jewelry financing business of Royal Bank of Scotland (RBS) in India. RBS managed a diamond and jewelry business loan portfolio valued at $640...
Financial-Legal Jul 28, 2015 Ronen Shnidman
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