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Swiss Watches
China Downturn Continues to Plague Swiss Watches
Swiss watch exports were flat in January at CHF 1.62 billion ($1.62 billion), as a drop in orders from Chinaoutweighed solid growth in other major export markets. “The main markets reported growth, except for China, whichexperienced...
Retail Feb 19, 2019 Rapaport News
The Knot
Couples Pay Less for Engagement Rings – The Knot
The average amount US couples spent on engagement rings dropped 2% in 2018, according to a survey The Knot released lastweek. While 28% of the 14,000 respondents spent more than $6,000on their ring, the national average was...
Retail Feb 19, 2019 Rapaport News
Lucapa
Lucapa Mine Yields 128ct. Diamond
Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit’s Mining Block6 region, is the miner’s...
Mining Feb 19, 2019 Rapaport News
Blom
Blom Urges Joint Effort to Mend South Africa Trade
World Federation of Diamond Bourses (WFDB)president Ernie Blom has called for the industry and government to collaborateand rebuild South Africa’s diamond trade following massivedownsizing of the industry. “The diamond sector worldwide has flourished...
Rough Markets Feb 18, 2019 Rapaport News
Lucapa Brooking
New Lucapa Site Fails to Yield Viable Diamonds
Lucapa Diamond Company has failed to recover rough stones with sufficient commercial value from the Little Spring Creek exploration site at its Brooking lamproite mine inWestern Australia, it said Monday. The miner launched...
Mining Feb 18, 2019 Rapaport News
Petra
Petra Names New CEO to Drive Turnaround
Petra Diamonds has appointed mining veteran Richard Duffy as its new CEO in the hope he will return the company to positive cash flow and lower debt.“[Duffy] brings with him an impressive depth of globalmining experience,...
Mining Feb 18, 2019 Rapaport News
Antwerp credit AWDC
Belgium Trade Slows in January
Belgium’s shipments of rough and polished slid in Januaryamid a slowdown in the global industry. A 10% drop in the volume of polishedexports outweighed growth in the average price, with the total value down 4%for the month, according...
Polished Markets Feb 18, 2019 Rapaport News
Vast
Vast to Mine Zimbabwe’s Marange Fields
Vast Resources has been invited to mine at the Marangediamond fields in Zimbabwe as part of a joint venture. The UK-headquartered miner will collaborate with theChiadzwa Community Development Trust, which was granted the right to mine theHeritage...
Mining Feb 17, 2019 Rapaport News
NRF
Holiday Sales Growth Misses Expectations
US holiday sales increased nearly 3% in 2018, but the growth was significantly lower than what the National Retail Federation (NRF) had forecast. Total sales for the November to December period were $707.5billion, according...
Retail Feb 17, 2019 Rapaport News
MCH Group
Baselworld Owner Gets New Chief
MCH Group has appointed Bernd Stadlwieser CEO, as the Baselworld parent company works to reinvigorate interest in its annual fair. “[Stadlwieser] has a great deal of experience in sectors ofindustry that are of importance to us, as well as for...
Polished Markets Feb 17, 2019 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polished market improving, with suppliers selling at lower pricesto generate liquidity. Rough trading cautious as high rough prices and weakpolished continue to squeeze midstream profits. Shortages of top-make goods dueto reduced manufacturing, but large...
Polished Markets Feb 14, 2019 Rapaport News
Bharat Diamond Bourse
India: Activity Rises Ahead of Hong Kong Show
Dealers preparing for Hong Kong show, stimulatingbetter activity in Bharat Diamond Bourse. Overseas buyers interested in 0.30 to2 ct., H-K, VS2-I1 stones. Little buzz around IIJS Signature fair, but steadygold jewelry market...
Research Feb 14, 2019 Rapaport News
Alexander Lacik
Pandora Hires Industry Outsider as CEO
Pandora has named veteran consumer-brand executive AlexanderLacik as its CEO, as it seeks to transform the company following weak sales. “Alexander is a brilliant marketer and brand architect, andhas throughout his career shown himself as a great leader...
Retail Feb 14, 2019 Rapaport News
Rapaport TradeWire February 14, 2019
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Research Feb 14, 2019 Rapaport
Rapaport TradeWire February 14, 2019
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Research Feb 14, 2019 Rapaport
Asian Star
India’s Asian Star Sees Revenue Fall
Indian diamond manufacturer Asian Star’s sales and profitdeclined in the third fiscal quarter, the company said Wednesday. Group revenue dropped 24% year on year to INR 7.93 billion($111.7 million) in the three months ending...
Retail Feb 14, 2019 Rapaport News
Surat cutting
Rapaport Trade Mission to Surat, India
The RapaportGroup is pleased to announce our trade mission to Surat, India. This mission willprovide an opportunity for members of the diamond-and-jewelry trade to gainfirst-hand knowledge of the diamond supply chain. Surat ishome to an estimated 500,000 diamond cutters,...
Mining Feb 14, 2019 Rapaport
Alrosa
Alrosa Showcases ‘Record-Breaking’ Pink
Alrosa has launched an exhibition of rare polished coloreddiamonds, including a 14.83-carat pink that is the largest of its colorin Russian history, the miner said Wednesday. The oval-shaped stone was cut from a 27.85-carat rough that...
Polished Markets Feb 13, 2019 Rapaport News
Helzberg Diamonds
Helzberg Diamonds Launches Synthetics Line
Helzberg Diamonds has launched its owncollection of lab-grown jewelry, Light Heart, citing increased consumer demand for synthetics. The jeweler — owned by Warren Buffett’s Berkshire Hathaway— first introduced the line late last year...
Retail Feb 13, 2019 Leah Meirovich
wedding report
Engagement-Ring Demand Fell in 2018 – Poll
Fewer US consumers bought jewelry for their weddings in 2018, while the number of couples opting for engagementrings also dropped, according to The Wedding Report. The proportion of couples that bought an engagement ring when getting...
Polished Markets Feb 13, 2019 Rapaport News
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