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Martin Rapaport Addresses Israel Diamond Week
February 12 2020

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How to Build a Strong Retail Community
Just a few generations ago, jewelry stores were mom-and-pop shops at the heart of their local communities. While technology has opened the market to a wider audience and added many positive elements to the jewelry-purchasing process,...
Retail Feb 18, 2020 Leah Meirovich
DMCC
DMCC Debuts New Diamond-Boiling Facility
Trigem has launched a new boiling plant at the Dubai Multi Commodities Centre (DMCC) that will have the capacity to process 1.4 million carats of diamonds each month.The facility, which was launched in partnership with...
Rough Markets Feb 18, 2020 Rapaport News
Lightbox
De Beers Adds Grading Specs for Lightbox
Lightbox has added grading information for its synthetic white diamonds in an effort to bring further transparency to the lab-grown sector.The company will provide technical specifications showing the minimum quality of its stones across cut,...
Retail Feb 18, 2020 Rapaport News
NRF
Coronavirus Impact May Reach US Retail
US retail sales could face growth challenges in February as supply chains are impacted by shutdowns at Chinese factories due to the coronavirus epidemic, the National Retail Federation (NRF) said.Imports of goods from the mainland will see...
Retail Feb 17, 2020 Rapaport News
Gold Demand
Gold Demand Lifts Mood at India Jewelry Show
Exhibitors at IIJS Signature in Mumbai expressed confidence India’s wedding tradition and enduring love of gold would help the nation’s jewelry industry overcome its current difficulties.Economic uncertainty, high gold prices, tight regulation and...
Polished Markets Feb 17, 2020 Joshua Freedman
Petra
Challenging Market Weighs on Petra
Shares in Petra Diamonds slipped 16% in early trading Monday after the miner reported a net loss for the first fiscal half, and warned of operational problems that could affect annual production.The company reported...
Mining Feb 17, 2020 Rapaport News
Angola rough
Angola’s Rough Revenue Rises in 2019
Revenue from Angola’s national diamond-trading company, Sodiam, rose 6% in 2019 as the company sold a higher volume of rough goods.Proceeds for the year came to $1.3 billion from the sale of 9 million carats of rough diamonds, compared...
Mining Feb 16, 2020 Rapaport News
Gem Diamonds
Gem Diamonds Sees Sales Decline in 2019
A drop in the recovery of large stones and a decline in the average price achieved for rough from the Letšeng mine led to a decline in sales for Gem Diamonds in 2019.Proceeds fell 32% to $182.1 million, the miner...
Mining Feb 16, 2020 Rapaport News
Star Rays factory Surat
Star Rays Outlines Plan to Be Carbon-Neutral
Star Rays revealed its intention to be the first Indian diamond company to become carbon-neutral, arguing that greener credentials will help attract consumers to the product.The Mumbai-based manufacturer aims to reduce travel, produce less plastic...
Manufacturing Feb 16, 2020 Joshua Freedman
Rapaport Logo
Rapaport Weekly Market Comment
Dealers and manufacturers cautious, with deep concerns about impact coronavirus will have on the market. Slump in Chinese demand as retail shuts down during peak season, leaving jewelers with high inventory. Chow Tai...
Polished Markets Feb 13, 2020 Rapaport News
India Arch
India: Manufacturers Concerned Polished Prices Will Soften
Sluggish market in absence of China and Hong Kong-based buyers. Demand down but suppliers maintaining steady prices for now. Manufacturers concerned polished prices will soften as coronavirus’s impact on business spreads. Inventory levels rising...
Research Feb 13, 2020 Rapaport News
Rapaport TradeWire February 13, 2020
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Research Feb 13, 2020 Rapaport
Panel
Panel Highlights Traceability Opportunity
The trend of adopting diamond traceability measures is gaining traction, according to participants in a panel discussion at Israel’s International Diamond Week.The panel, moderated by Rapaport Senior Analyst Avi Krawitz, explored how various businesses across the supply...
Polished Markets Feb 13, 2020 Rapaport News
Auction Houses
Bonhams Shelves Auction Amid Epidemic
Auction house Bonhams has postponed its upcoming Jewels and Jadeite sale amid an escalation in the coronavirus epidemic.The event, which had been due to take place in Hong Kong on March 12, will be rescheduled to a later...
Polished Markets Feb 13, 2020 Rapaport News
IDWI
Israel Diamond Week Lifts Local Trade
The International Diamond Week in Israel (IDWI) closed Wednesday with participants noting steady trading among local dealers in the absence of Chinese buyers.Delegations from China and Hong Kong were scheduled to attend the three-day...
Marketing Feb 13, 2020 Rapaport News
Bulgari store 150
Bulgari Is Latest Brand to Exit Baselworld
Italian luxury brand Bulgari has confirmed it will not be participating in the 2020 edition of Baselworld, a little over a week after Gucci announced it was exiting this year’s show.The reasons behind Bulgari’s departure were not...
Retail Feb 13, 2020 Rapaport News
Pomellato store 150
Pomellato Explores Secondhand Market
Italian jewelry brand Pomellato has embarked on a three-month partnership with Paris-based Vestiaire Collective, enabling it to reward customers for selling their pre-owned pieces on the luxury resale platform.For every Pomellato piece re-sold through the...
Retail Feb 13, 2020 Rapaport News
Kering
Jewelry Proves Strong for Kering in 2019
Kering, the owner of high-fashion houses Gucci and Yves Saint Laurent, reported robust sales in its jewelry and watch divisions in 2019, led by a strong performance in the Asia-Pacific region.“Performance was solid double-digit in jewelry [at]...
Retail Feb 13, 2020 Rapaport News
Bonhams Bruno  150
Bonhams Chairman Steps Up as CEO Exits
Bonhams has named executive chairman Bruno Vinciguerra as its new CEO, replacing Matthew Girling, the auction house said Monday.Girling is leaving the company after 23 years. He joined its management team in 1999 and was...
Polished Markets Feb 13, 2020 Rapaport News
IDWI MR 2020 Big
Martin Rapaport Addresses Israel Diamond Week
Martin Rapaport outlined his view of the diamond industry Monday on the opening day of International Diamond Week in Israel. The Rapaport Group chairman presented data showing a decline in the diamond market during 2019, and...
Polished Markets Feb 12, 2020 Rapaport News
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