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March Shutdown Hits Swiss Watch Exports
Swiss watch exports slumped in March amid continued market pressures resulting from the coronavirus pandemic.Shipments slid 22% to CHF 1.36 billion ($1.4 billion) for the month, with most markets declining significantly, the...
Watches Apr 21, 2020 Rapaport News
Jwaneng
De Beers Converting Facilities to Tackle Virus
De Beers is using its mining sites in Botswana and its technology production center in the UK to help the fight against COVID-19.Debswana, the company’s joint venture with Botswana, is making facilities available for the government to use...
Mining Apr 06, 2020 Rapaport News
De Beers Botswana
De Beers Sight Still On Despite Travel Ban
De Beers’ upcoming sight in Botswana will still take place despite the country’s ban on arrivals from the US, China, India and Belgium, the miner has confirmed.“While this is an extraordinary situation and COVID-19 has...
Rough Markets Mar 18, 2020 Joshua Freedman
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
Rough Markets Jan 15, 2020 Joshua Freedman
Sierra Leone
Rapaport Proposes Sierra Leone Diamond Reform
RAPAPORT PRESSRELEASE, April 17, 2019, New York … The Rapaport Trade Mission to Sierra Leoneattracted a strong group of 29 international diamantaires and jewelers. Participants were from theUS, India, UAE, UK, Switzerland, Turkey, Canada, Spain, and...
Fair Trade Apr 17, 2019 Rapaport
Antwerp port
Belgium Prepares for ‘No-Deal’ Brexit
Belgium’s diamond industry has urged companies to preparefor the possibility of the UK leaving the European Union (EU) without a customsdeal.Trading between the EU and the UK will be subject to customschecks if the two parties fail to finalize an agreement...
Rough Markets Jan 21, 2019 Rapaport News
Lightbox
De Beers’ Lightbox Chief Reveals 2019 Plans
De Beers shocked the industry in May by announcing it would launcha line of fashion jewelry featuring laboratory-grown diamonds. Lightbox Jewelrystarted selling the products online in September, and it’s now looking atexpansion options.The main opportunity to develop...
Retail Dec 27, 2018 Joshua Freedman
Brexit
Brexit Could Halt UK Rough Trade
The UK will temporarily be unable to import and export roughdiamonds if the nation leaves the European Union without an exit deal, thegovernment has warned. The UK is currently a member of the Kimberley Process (KP) byvirtue of its being...
Rough Markets Oct 21, 2018 Rapaport News
Brexit credit Aha
Brexit Concerns Weigh on UK Jewelers
The weak pound and uncertainty over the UK’s departure fromthe European Union are making it hardfor British jewelers to plan their business activities, dealers said.The currency has declined about 13% since Britain’s...
Financial-Legal Sep 06, 2018 Joshua Freedman
IJL 2018
UK Jewelry Body Eyes Role as Trade Police
The UK’s National Association of Jewellers (NAJ) is seekingan upgraded status that would enable it to police the industry on issues such as lab-grown diamonds following cutsto public funding. The group is in talks to become a “primary authority,”granting it the...
Financial-Legal Sep 03, 2018 Joshua Freedman
Swiss watches Rolex Breitling
Asia Keeps Swiss Watch Recovery on Track
Swiss watch exports grew in October as demand from key Asianmarkets continued its recent upward trend.Total shipments increased 9% year on year to $1.86 billion (CHF1.85 billion) for the month, according to data the Federation of the...
Watches Nov 21, 2017 Rapaport News
IJL 2017
UK Show Upbeat Despite Brexit Fears
The International Jewellery London (IJL) trade fair saw brisk visitortraffic and positive sentiment among sellers, as buyers defied uncertaintiesover Brexit and the economic outlook to restock before Christmas.Exhibitornumbers at the UK event, which ended...
Polished Markets Sep 06, 2017 David Brough
Brexit
UK Jewelers Weather Brexit Uncertainty
Theweaker pound has boosted jewelry demand from tourists as travelers visitthe UK seeking cheap deals, retailers have reported.Jittersover Britain’s exit process from the EU and the outlook for the UK economy havedragged on the pound...
Retail Aug 28, 2017 David Brough
Bonhams 4.03ct. blue diamond
Bonhams to Auction 4.03ct. Blue Diamond
A fancy intense blue diamond will lead Bonhams’ Londonauction next month, with the company estimating it could fetch close to $2million. The pear-shaped, 4.03-carat stone has been in a UK privatecollection for more than 30 years, Bonhams...
Polished Markets Aug 21, 2017 Rapaport News
Birks Group
Birks Sells Mayor’s to UK Group for $105M
Birks Group has agreed to sell Mayor’sJewelers to Aurum Holdings, the UK’s largest fine watch and jewelry retailer,for $104.6 million.Birks expects to complete the sale of thesubsidiary this fall, with the deal subject to closing...
Retail Aug 13, 2017 Rapaport News
Willie Hamilton CMJ
Head of UK’s CMJ Resigns After 10 Years
Willie Hamilton has stepped down as CEO of the Company ofMaster Jewellers (CMJ), a network of UK jewelry retailers, the organizationsaid Monday. Terry Boot, the group’s head of finance and businessoperations, will have day-to-day control in the...
Mining Aug 01, 2017 Rapaport News
Theo Fennell
Theo Fennell Founder Takes Over Own Brand
Jewelry designer Theo Fennell has bought out the luxurybrand that bears his name, with the backing of private-equity group Endless.Theo Fennell entered administration last month after theLondon-based jeweler became unable to handle...
Retail Jun 29, 2017 Rapaport News
Sotheby's GBP 10 diamond
Sotheby’s to Auction $13 Diamond
A diamond ring bought for a pittance inthe 1980s is set to appear at a Sotheby’s auction next month with a price tagthat’s up to 35,000 times higher.The buyer acquired the cushion-shaped, 26.27-carat, I-color,VVS2-clarity diamond for $13 (GBP 10)...
Polished Markets May 23, 2017 Rapaport News
theo fennell Store
Theo Fennell Hands Control to Rescuers
UK jeweler Theo Fennell has entered administration, almostfour years after a private equity group acquired the high-end retailer.Administrators from professional-services firm BDO havealready received “a number of expressions of interest” since their appointmenton Friday, BDO...
Retail May 21, 2017 Rapaport News
Michael Rawlinson NAJ
Head of UK Jewelry Body Steps Down
Michael Rawlinson has resigned as CEO of the UK’s NationalAssociation of Jewellers (NAJ) to pursue other interests, the tradeorganization said Friday.Rawlinson (pictured) took charge of the NAJ in 2015, whenthe British Jewellers’ Association (BJA) and the...
Retail May 21, 2017 Rapaport News
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