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Tiffany Joshua LOndon 150
LVMH-Tiffany Trial Set for January
A US court has approved Tiffany & Co’s request to fast-track its lawsuit against LVMH, scheduling a four-day trial starting January 5, 2021.The timeline means a ruling would come after the final deadline for LVMH’s takeover...
Retail Sep 22, 2020 Rapaport News
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry, with new developments unfolding every day. Here, we present a one-stop, running news feed on industry events impacted...
Polished Markets Sep 22, 2020 Rapaport News
VOICE 2020
VicenzaOro Lifts Sentiment Despite Slow Sales
VicenzaOro staged the first major international jewelry trade fair since before Covid-19 amid strict safety measures, with buyers booking modest orders.Attendance was well below pre-pandemic levels due to the absence of participants...
Polished Markets Sep 21, 2020 David Brough
Gem Diamonds 150
Letšeng Yields Two More Large Stones
Gem Diamonds has recovered an additional two large, high-quality diamonds from its Letšeng mine in Lesotho.An “exceptional” quality, 166-carat, type II diamond was unearthed last week, the same day the company found a yellow...
Mining Sep 21, 2020 Rapaport News
Charles & Colvard lab-grown
Charles & Colvard Embraces Lab-Grown Diamonds
Charles & Colvard, the producer of synthetic-moissanite jewelry, has launched a line of bridal and fashion pieces featuring lab-grown diamonds.“There is a growing awareness of and demand for lab-created gems,” Don O’Connell, the company’s CEO, said...
Retail Sep 21, 2020 Rapaport News
Akil Zubir Alrosa
Alrosa Names New Belgium Chief
Alrosa has appointed Akil Zubir as managing director of its Belgium office, the miner said Thursday. He will succeed Sergey Panchekhin, who has worked for the company for more than 20 years and plans...
Mining Sep 21, 2020 Rapaport News
Bonhams Leslie Roskind 150
Bonhams Appoints Hong Kong Jewelry Head
Bonhams has promoted Leslie Roskind to lead its Hong Kong jewelry department, it said Monday.Roskind, who has been with Bonhams since April 2019, will oversee the procuring and selling of jewelry in the municipality,...
Polished Markets Sep 21, 2020 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Rising expectations for holiday season. Deloitte predicts 1.5% growth in US retail sales, driven by 25%-35% spike in e-commerce. Jewelers with strong online and social media presence doing well; others struggling. Trading momentum slowed...
Polished Markets Sep 17, 2020 Rapaport News
Rapaport TradeWire September 17, 2020
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Research Sep 17, 2020 Rapaport
Israel-Dubai
Israel, Dubai Diamond Sectors Sign Trade Deal
Diamond bourses in Israel and the United Arab Emirates (UAE) have signed a cooperation deal following the recent peace accord between the two Middle East countries.The Israel Diamond Exchange (IDE) will open...
Polished Markets Sep 17, 2020 Rapaport News
Swiss watch 150
Swiss Watch Exports Slowly Recovering
The decline in Swiss watch exports continued to ease slightly in August, as orders from China rose.Total shipments fell 12% year on year to CHF 1.34 billion ($1.48 billion), the sixth consecutive monthly decline. However, the...
Polished Markets Sep 17, 2020 Rapaport News
Tiffany
LVMH and Tiffany Lock Horns over Trial Timing
LVMH has asked a court to delay Tiffany & Co.’s lawsuit against the luxury group, prompting the US jeweler to renew its allegations of foul play by its would-be acquirer. Tiffany had petitioned the Delaware Chancery...
Retail Sep 17, 2020 Rapaport News
Dominion Ekati 150
Dominion to Sell Ekati Mine for $126M
Dominion Diamond Mines has sold its Ekati mine in Canada to affiliates of its owner, the Washington Companies, for $126 million amid struggles with mounting debt.The offer came from Canadian Diamond Holdings and...
Mining Sep 17, 2020 Rapaport News
NRF shopping mall 150
US Retail Sales Continue Rebound in August
US retail sales rose in August for the fourth consecutive month, though the rate of growth slowed from July, government data showed.Overall retail sales increased 2.6% compared to the same period last year, and...
Retail Sep 17, 2020 Rapaport News
Oded Mansori
HB Antwerp Aims to Shake Up Large-Stone Market
It’s not often a newcomer sweeps in to buy the largest diamond available on the market. Such deals are usually reserved for high-end jewelers such as Graff, Moussaieff, Harry Winston, or even large-scale retailers like Chow...
Manufacturing Sep 17, 2020 Joshua Freedman
Sarine Files India Lawsuit 150
Sarine, Chinese Lab Debut Light-Performance Report
Sarine Technologies has partnered with China’s National Gemstone Testing Center (NGTC) to offer light-performance reports for a leading jewelry supplier in the region.The co-branded reports for high-end Chinese jewelry designer, manufacturer and wholesaler...
Retail Sep 16, 2020 Rapaport News
Petra blue diamonds 150
Petra Recovers High-Quality Blue Diamonds
Petra Diamonds has unearthed five high-quality, blue, type IIb diamonds from its Cullinan mine in South Africa in the span of one week, it said Wednesday.The stones, which weigh 25.75, 21.25, 17.57, 11.42 and...
Mining Sep 16, 2020 Rapaport News
Deloitte holiday gifts 150
Deloitte Predicts Rise in US Holiday Sales
US retail sales are forecast to increase by up to 1.5% this holiday season, despite uncertain consumer sentiment and a jump in the unemployment rate, Deloitte said Tuesday.The consulting firm expects overall holiday retail sales to rise 1% to 1.5%...
Retail Sep 16, 2020 Rapaport News
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
Gemfields rubies 150
Gemfields Warns of $57M Loss
Gemfields expects to suffer a loss of $56.7 million for the first half of the year amid the cancellation of most of its emerald and ruby auctions.The loss for the six months ending June 30 compares with...
Mining Sep 15, 2020 Rapaport News
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