RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
De Beers rough diamond
De Beers and Alrosa Raise Rough Prices
The two largest diamond miners increased prices at this week’s rough sales as demand improved due to post-holiday restocking and strong trading ahead of the Chinese New Year.De Beers raised prices by an average of 4% to 5% at its first...
Rough Markets Jan 18, 2021 Joshua Freedman
Michael Hill 140
Canada Lockdown Weighs on Michael Hill
Michael Hill’s sales slipped 2.8% in the first half of its fiscal year as a lockdown in Canada outweighed growth in the Australian market.Group revenue decreased to AUD 317.5 million ($243.6 million) during the six months ending...
Retail Jan 18, 2021 Rapaport News
Diversity study 140
Jewelry Industry Fares Well Overall on Racial Justice
Members of the US jewelry industry are happy overall with the level of racial justice and equality found across the trade, according to a diversity survey Jewelers of America (JA) and National Jeweler conducted.Nearly three-quarters of employers...
Retail Jan 18, 2021 Rapaport News
Podcast Episode 1
Podcast: Digital or Bust?
Diamond and jewelry companies have raised the stakes when it comes to using online platforms to engage with clients and consumers. But what does it mean to be digitally relevant in today’s ever-changing e-commerce and social-media space?In...
Marketing Jan 18, 2021 Rapaport News
Lucara 341ct 140
Karowe Yields First Large Diamond of 2021
Lucara Diamond Corp. has unearthed a 341-carat white diamond at its Karowe mine in Botswana, the first over 100 carats the deposit has produced this year.The miner recovered the “high-quality,” unbroken stone from...
Mining Jan 17, 2021 Rapaport News
Petra Diamonds Williamson mine
NGO Warns Petra Lenders About Abuse Claims
Rights and Accountability in Development (RAID), a UK-based nonprofit, has written to Petra Diamonds’ major debt holders to raise concerns about alleged human-rights abuses at its Williamson mine in Tanzania.RAID claims to have documented at least seven deaths...
Mining Jan 17, 2021 Rapaport News
NRF Holiday 2020 140
US Holiday Sales Outstrip Expectations – NRF
US retail sales increased 8.3% during the recent holiday season, as consumers looked to connect with family and friends during the pandemic, the National Retail Federation (NRF) said.Consumers spent $789.4 billion over the...
Retail Jan 17, 2021 Rapaport News
De Beers
De Beers Cuts Clients, Keeps More Goods in Africa
De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers...
Rough Markets Jan 17, 2021 Joshua Freedman
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 Jan 17, 2021 Rapaport News
Rapaport Logo
Rapaport Weekly Market Comment
Polished sentiment positive despite limitations on travel due to Covid-19. Shortages supporting prices. Suppliers anticipate strong 1Q inventory replacement after relatively good US holiday season. Signet Jewelers Nov.-Dec. revenue flat at $1.8B, same-store sales +5.6%,...
Polished Markets Jan 14, 2021 Rapaport News
Rapaport TradeWire January 14, 2021
...
Research Jan 14, 2021 Rapaport
Kay Jewelers Signet
Signet Sees Surge in Holiday E-Commerce Sales
Signet Jewelers reported a positive holiday season as soaring online sales helped compensate for the pandemic’s adverse impact on store traffic.Revenue was flat year on year at $1.8 billion for the nine weeks ending January...
Retail Jan 14, 2021 Rapaport News
Mountain Province Northern Lights 140
Mountain Province Output Slides in 2020
Mountain Province’s share of production at the Gahcho Kué mine fell 4% to 3.2 million carats in 2020 as the company struggled with coronavirus-related restrictions to its operations.Total output for the mine fell 4% to 6.5 million carats for...
Mining Jan 14, 2021 Rapaport News
Predictions 2021
What to Expect in the Industry This Year
Three industry insiders share their predictions for the diamond and jewelry trade in 2021.Elle Hill CEO of industry consulting firm Hill & Co. While many bemoan 2020 as a year they would like to forget,...
Polished Markets Jan 14, 2021 Leah Meirovich
Lucapa Mothae 140
Lucapa Puts Lesotho Mine on Lockdown
Lucapa Diamond Company will temporarily close its Mothae mine in Lesotho during a 14-day nationwide lockdown.Starting Thursday, the company will put the deposit on care and maintenance for two weeks to ensure the health...
Mining Jan 14, 2021 Leah Meirovich
RRR Jan 2021 cover image
Were Diamond Companies Worth the Investment?
What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
Research Jan 14, 2021 Avi Krawitz
Alrosa May sales
Alrosa December Sales Highest Since 2018
Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million — totals...
Rough Markets Jan 13, 2021 Rapaport News
Liqhobong mine Firestone 140
Firestone Faces Uncertain Future
The continued operation of Firestone Diamonds is in question amid an extended shutdown of its mine in Lesotho and heavy debt.The miner will keep its Liqhobong deposit closed until it can work out a deal to restructure the more...
Mining Jan 13, 2021 Leah Meirovich
Alrosa rough
Alrosa Receives Option to Sell to Gokhran
Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the...
Rough Markets Jan 13, 2021 Joshua Freedman
GIA Cultured Pearl Report 140
GIA Launches Cultured Pearl Report
The Gemological Institute of America (GIA) has introduced a classification report for unmodified cultured akoya, South Sea and Tahitian pearls.The GIA Cultured Pearl Classification Report includes the size, shape, color, luster, surface,...
Polished Markets Jan 13, 2021 Rapaport News
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us