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HB Antwerp Buys Sightholder’s Cutting Factory
HB Antwerp has acquired the manufacturing facility of Belgian large-stone specialist AMC Diamonds, gaining 13 employees alongside the company’s machinery and technology.“With this acquisition, HB Antwerp confirms its ambition to bring the diamond-polishing process back...
Manufacturing Sep 13, 2020 Rapaport News
Shairu, Everledger Team Up to Track Emissions
Technology company Everledger has partnered with De Beers sightholder Shairu Gems Diamonds and Atit Diamond Corporation to offer more transparent data on the goods they supply, as well as a mechanism to offset their carbon footprint.The London-based...
Technology Apr 23, 2020 Rapaport News
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
Weak Demand Weighs on De Beers Sales
De Beers’ sales fell for the second consecutive month, ashigh rough prices and slim midstream profits softened demand from buyers,sightholders reported. Sales of $490 million in February were 13% below ayear ago amid...
Rough Markets Mar 06, 2019 Joshua Freedman
E-Commerce Site Zoara Closes
Dalumi Group has shut down Zoara, its jewelry retail platform,the Israel-based diamond company said.The e-commerce page stopped accepting purchases on January 1,and will complete and ship remaining orders in the next few...
Retail Jan 06, 2019 Rapaport News
Eurostar Enters Administration as Debts Mount
Eurostar Diamond Traders has entered restructuringproceedings in Belgium, having amassed substantial debts, according to the company’scourt-appointed administrator.The Antwerp-based diamond manufacturer owes morethan $500 million to creditors across its global operations, Alain Van den...
Financial-Legal Dec 25, 2018 Joshua Freedman
De Beers rough
De Beers Raises Rough Prices Again
De Beers sold $550 million worth of goods at its May salescycle as strong consumer demand boosted the rough-diamond market.The miner raised prices for the third consecutive sight amidthe strong demand, with the emphasis...
Rough Markets May 22, 2018 Joshua Freedman
De Beers 150
De Beers Raises Prices at $520M Sale
De Beers’ April sight closed with a value of $520 millionamid concerns among manufacturers that higher rough prices could affect profitmargins.De Beers raised prices by 1% to 2% from the previous salefor larger size categories, sightholders told...
Rough Markets Apr 17, 2018 Joshua Freedman
Gitanjali 150
Gitanjali Loses Sightholder Status
De Beers has terminated the sightholder status of Gitanjali Gems following fraud allegations against the Indian jeweler’s managing director,Mehul Choksi. De Beers took the decision in February, meaning Gitanjalican no longer make any purchases from...
Financial-Legal Apr 16, 2018 Joshua Freedman
De Beers Office
De Beers Pre-Diwali Sales Beat Expectations
De Beers sold $485 million of rough diamonds in its eighth sales cycle ofthe year, exceeding expectations in a seasonally quiet period ahead of the Diwali holiday inIndia.While the figure for September is still thelowest for this...
Mining Oct 05, 2016 Rapaport News
NY Cutter Sees Sparkle in Square-Shape Diamonds
Hertz Hasenfeld is CEO of the family owned Hasenfeld-Stein, a New York-based polished diamond manufacturer and supplier. The company is best known for its round diamonds, as well as trademarked FireMark® and FireCushion® fancy cut diamonds,...
Polished Markets Jul 24, 2015 Ronen Shnidman
luk fook
Luk Fook Signs Sightholder Contract With De Beers
Luk Fook Holdings signed a three-year sightholder rough diamond sales contract with the De Beers Group of Companies for the period that ends on March 31, 2018. Wong Wai Sheung, Luk Fook's chairman and...
Rough Markets May 22, 2015 Jeff Miller
Laxmi Diamonds
Laxmi Combines Two U.S. Divisions
Diamond and jewelry manufacturer The Laxmi Diamond Group will combine its two U.S. divisions -- Sumit Diamond Group and Suberi Brothers -- as part of a strategic development plan. The combined operation will be run from...
Manufacturing Jan 15, 2015 Jeff Miller
Signet Records $1M Loss, Same-Store Sales +4%
Signet Jewellers Ltd. reported that revenue rose 52.7 percent year on year to $1.18 billion for the third quarter that ended on November 1, on a condensed consolidated basis that included the acquisition of Zale. Comparable-store sales...
Financial-Legal Nov 25, 2014 Jeff Miller
De Beers Sorting
Rough Forward Contracts
The decision by De Beers to introduce forward contract sales through its auction platform is a stunning development in the rough diamond market. The announcement comes 11 months since Anglo American became the 85 percent majority owner of De Beers...
Rough Markets Jul 12, 2013 Avi Krawitz
Surat Factory Workers
De Beers, Rio Tinto Update Their 2013 Client Lists
De Beers and Rio Tinto have updated their client lists for the current year on their respective ‎websites. ‎De Beers announced in March that it added five companies to its list of sightholders for the ‎contract...
Rough Markets Apr 04, 2013 Avi Krawitz, Deena Taylor
Rough Diamonds
Rosy Blue Renews ALROSA Rough Supply Contract
Rosy Blue signed a new long-term rough diamond supply ‎deal on Wednesday with Russia-based miner ALROSA, to supplement its supply from De ‎Beers and BHP Billiton, among others.“We are delighted to enter into the extension...
Rough Markets Dec 19, 2012 Dilipp S Nag
Shrenuj's 2Q Sales +7%, Profit -2%
Shrenuj & Co. Ltd. reported that group sales rose 7 percent year on year to $151.5 million (INR 8.24 billion) during the second fiscal quarter that ended on September 30, 2012. Profit, however, declined...
Polished Markets Nov 12, 2012 Dilipp S Nag
igc group
IGC Group Celebrates its Centennial in 2012
Press Release: Throughout 2012, Belgian diamond manufacturing company IGC Group, which is renowned for its fine-make in small brilliants, single-cut and larger stones will be celebrating its 100th anniversary. In 1912, the entrepreneurial spirit...
Manufacturing Feb 09, 2012 IGC Group
DTC Supplier of Choice Applications Are Due July 7
The Diamond Trading Company (DTC) advised applicants of the 2012 to 2015 supplier of choice contract period that there is just one week remaining to submit the completed contract proposal questionnaires. All proposals must be submitted...
Rough Markets Jul 01, 2011 Jeff Miller
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