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Israel Pledges Support to Diamond Trade 150
Israel Gives $284M Boost to Diamond Trade
The Israeli government has pledged $284 million (NIS 1 billion) to guarantee bank loans to diamond companies in an effort to easethe trade’s severe credit difficulties. A lack of credit is stifling growth, especially among the smallerfirms that constitute...
Financial-Legal Feb 14, 2018 Rapaport News
U.S. Consumer Confidence Index +13%
U.S. consumer confidence rose 13 percent year on year to 90.9 points (1985=100) in July, according to the Conference Board Consumer Confidence Index®. The Index was also up from 86.4 points in June. Compared with one year...
Retail Jul 29, 2014 Jeff Miller
tw steel
U.S. Jewelry Store Sales +2%
U.S. jewelry store sales rose 2.2 percent year on year to $2.376 billion in March. The increase was in line with overall U.S. jewelry and watch sales growth during the month, which improved 2.3...
Retail May 13, 2014 Jeff Miller
The Conference Board logo
U.S. Consumer Confidence +21% in April
The Conference Board's Consumer Confidence Index® jumped 21 percent year on year to 82.3 points in April, while the Present Situation Index rose 30 percent to 78.3 points and the Expectations Index was up 16 percent to 84.9. Nonetheless,...
Research Apr 29, 2014 Jeff Miller
Harry Winston Store
U.S. Jewelry Stores Sales +7% to $2B
U.S. jewelry store sales rose 6.9 percent year on year to $2.113 billion in January, according to government data that was released today. The increase was further strengthened by a 1.7 percent decline in the consumer price...
Research Mar 13, 2014 Jeff Miller
Factors Influencing India's Economy, Gems Sector
Dr. Suresh Surana, the founder of RSM Astute Consulting Pvt. Ltd., provides an outline of the external factors that are influencing India's economy. Surana discusses the significant weakening of the country's economic growth outlook,...
Polished Markets Oct 02, 2013 Rapaport News
U.S. Jewelry Store Sales +8% to $3B
U.S. jewelry store sales jumped 7.6 percent year on year in the month of May to $3.014 billion. Excluding the month of December, which historically records the highest monthly total for jewelry sales, May's figure...
Retail Jul 15, 2013 Jeff Miller
India’s Period of Weaker Economic Growth Nears Its Low Point
The economic slowdown in India is nearing its lowest point, but it could worsen slightly before an improvement is observed in the fourth quarter of the country's fiscal year, which ends March 31, 2013, according to an ASSOCHAM business...
Research Dec 03, 2012 Dilipp S Nag
ASSOCHAM Expects Short Term Improvement in Indian Economy
India’s economic situation will likely improve significantly at the critical macro-level and for industry in the next six months, according to the latest ASSOCHAM Bizcon Survey (ABS). This is despite the fact that current domestic demand remains weak and the global markets remain uncertain,...
Financial-Legal Oct 23, 2012 Dilipp S Nag
Click to play
Fluor Completes Jwaneng Expansion
Fluor Corporation completed its infrastructure and plant upgrades for Debswana's Jwaneng Cut-8 expansion project in Botswana. Fluor provided engineering, procurement and construction management services for the mine, which is the richest diamond...
Mining Sep 19, 2012 Rapaport News
Bharat Diamond Bourse
India’s Growth Expected to Slow for Fiscal 2013
India’s economic growth is expected to slow to around 6 percent to 6.3 percent in fiscal 2013, according to an ASSOCHAM survey of economists and industry leaders.‎ Growth is being impacted by the a decrease in industrial growth and its impact on the ‎service...
Financial-Legal Aug 06, 2012 Dilipp S Nag
Top of Pyramid Report Launch
India’s Wealthy Consumers Continue to Spend Despite Weak Economy
India’s ultra-high-net-worth individuals (HNIs) have not curtailed their spending on luxury items due to the current economic slowdown, but they have turned cautious regarding their investments, according to a study conducted by Kotak Wealth Management...
Research Jul 03, 2012 Dilipp S Nag
varda shine
Click to play
Shine: Market Fundamentals Signal Growth
Varda Shine, the Diamond Trading Company's (DTC) chief executive, discusses how market conditions are shaping the second half of 2012. In this video, she shares observations from the JCK Vegas show; Indian...
Rough Markets Jun 06, 2012 Rapaport News
Gold bars
India’s Gold Imports May Hit $100B by 2016
India’s gold imports by value could reach $100 billion by 2015-16 if the government does not monitor inflows more strictly, warned the Associated Chambers of Commerce and Industry of India (ASSOCHAM). India's recent 2012 budget...
Financial-Legal Mar 21, 2012 Dilipp S Nag
Rough Diamonds
Diamonds & the Global Economy
The global economy has not had a bumper year. The extent to which growth in emerging markets can compensate for weaknesses in mature ones has diminished with each crisis. The Euro-zone catastrophe has spread...
Research Nov 25, 2011 Avi Krawitz
IMF Says the Economy Hit a 'Dangerous New Phase'
The International Monetary Fund (IMF) lowered its expectations for economic growth due to "multiple shocks" and insufficient rebalancing efforts by the major economies. The global economic recovery is slowing, with world growth now projected at 4 percent in both 2011 and 2012, down from an earlier prediction...
Research Sep 20, 2011 Jeff Miller
Zales Store
Zale's 4Q Sales +9%, Net Loss Rises to $33M
Zale's fourth-quarter sales rose 9.4 percent year on year to $377.3 million for the three months that ended on July 31, 2011. Same-store sales rose 9.8 percent and at a constant exchange rate with Canada,...
Financial-Legal Aug 31, 2011 Jeff Miller
Baselworld Reports Higher Foot Traffic But Fewer Exhibitors
Baselworld 2011 finished today and tallied 103,200 visitors, an increase of 2.5 percent compared with 2010, and listed 1,892 exhibitors, which was down from 1,915 one year ago. The event organizers concluded...
Manufacturing Mar 31, 2011 Jeff Miller
Bain & Co. Expects Luxury Goods Sales to Rise 10%
Bain & Company predicted a 10 percent increase in worldwide luxury goods sales for 2010, according to their annual '‘Luxury Goods Worldwide Market Study.'’ The group also determined that for the luxury goods sector...
Retail Oct 18, 2010 Denise Romano
RJC Selects SGS to Audit Members
The Responsible Jewellery Council (RJC) selected a second auditing firm to carry out third-party reviews of its membership's business practices. SGS, based in Geneva, has considerable jewelry industry expertise and a global presence that will serve RJC, according to the company's announcement. SGS inspects, verifies, tests...
Fair Trade Jul 12, 2010 Jeff Miller
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