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SK Jewellery 150
SK Jewellery Founders Want to Privatize Firm
The founders of Singapore-based retailer SK Jewellery want to buy out the company and take it private, aiming to gain greater control of its operations.OroGreen Investment, which is held by SK’s founders — non-executive chairman Lim Yong Guan, CEO...
Retail Sep 07, 2020 Rapaport News
SK lab grown diamonds
SK Jewellery Sees Profit Slump
Singapore-based SK Jewellery Group reported a sharp drop in earnings during the first half of 2020 as store closures and other restrictions implemented during the coronavirus pandemic impacted sales. Net profit fell 81% to SGD 514,000...
Retail Aug 18, 2020 Rapaport News
Synthetic colored diamonds
De Beers Scores Partial CVD Patent Victory
A court has awarded a limited victory to De Beers’ synthetic-diamond production unit in a patent dispute with Singapore-based grower IIa Technologies.IIa infringed an Element Six patent related to diamond material that’s usable for lab-grown diamond jewelry and...
Financial-Legal Feb 09, 2020 Rapaport News
TAG Heuer
Hong Kong Slump Disrupts Swiss Watches
Swiss watch exports fell in November as orders from HongKong continued to slow. Shipments to all countries declined 3.5% to CHF 1.99 billion($2.03 billion) in November, the Federation of the Swiss Watch Industryreported last week. That mainly...
Watches Dec 22, 2019 Rapaport News
SK lab grown diamonds
Revenue Tumbles at Singapore’s SK Jewellery
Singapore-based retailer SK Jewellery Group saw a heavy declinein sales for the third quarter amid economic challenges in key markets and theclosure of its gold-trading platform. Revenue fell 46% to SGD 32.6 million ($24 million),...
Retail Nov 19, 2019 Rapaport News
Gemfields rubies
Ruby Demand Robust at Gemfields Sale
Gemfields sold $55 million worth of rough rubies inSingapore last week, the highest revenue figure the company has achieved forany auction to date. “The strong revenues from this auction…underscore the factthat market...
Gemstones Nov 16, 2017 Rapaport News
Swiss watches
Swiss Watch Exports See Further Growth
Swiss watch exports grew in September, drivenby stronger demand from Hong Kong and Singapore, the Federation of the SwissWatch Industry reported. Exports rose 3.7% to $1.82 billion (CHF 1.8 billion) for the month,...
Watches Oct 23, 2017 Rapaport News
Soo Kee Love and Co IIDGR China
De Beers, Soo Kee Extend Grading Deal
The International Institute of Diamond Grading &Research (IIDGR) has expanded its grading partnership with Singapore-based SooKee Group into China, the De Beers subsidiary said.IIDGR, De Beers’ gemological unit, launched the initialcollaboration in February. Under...
Retail Sep 17, 2017 Rapaport News
ruby
Gemfields Sets $55M Auction Record
Gemfields recorded its highest auction total as it sold$54.8 million worth of rubies and corundum in Singapore last week.The sale fetched an average of $61 per carat for895,848 carats, out of just over 1 million carats that were...
Gemstones Jun 19, 2017 Rapaport News
Blockchain
Blockchain Verification Being Tested in Singapore
The Singapore Diamond Investment Exchange (SDiX) is testing blockchain technology as a way to authenticate ownership of diamonds, noting the methodology could cut costs and improve efficiency in the industry.Blockchain is a public database of transactions that allowsanyone on the...
Polished Markets Jun 18, 2017 Rapaport News
Varda Shine
Ex-De Beers Exec Varda Shine Joins Sarine
Former De Beers executive Varda Shine is set to become anindependent director at Sarine Technologies, as the company diversifies itsboard to prepare for expanding its services.Shine (pictured) was CEO of the Diamond Trading Company – now De BeersGlobal Sightholder...
Technology Mar 28, 2017 Rapaport News
IIDGR Report
De Beers Grading Firm Makes Asian Debut
Soo Kee Group will become the first Singaporean jewelry retailerto offer gemological reports from De Beers grading unit.The inaugural Asian retail partnership will allow Soo Kee tooffer bespoke reports from the...
Retail Feb 12, 2017 Rapaport News
Luk Fook Kuala Lumpur Malaysia
Luk Fook Grows International Presence
Hong Kong-based jeweler Luk Fook opened its first stores inMalaysia to tap into Southeast Asia’s “booming” tourism industry.The retailer launched two stores in popular tourist locationsin the capital city Kuala Lumpur, picking...
Retail Dec 28, 2016 Rapaport News
Gemfields rubies
Gemfields Sees Robust Demand at Ruby Auction
Gemfields sold $30.4 million worth of rubies and corundum atan auction in Singapore last week as prices indicated a healthy market for gemstones.The company sold 1.1 million carats, out of a total 1.4 million carats offered...
Gemstones Dec 22, 2016 Rapaport News
Rough emerald
India Cash Crunch Stalls Gemfields Auction
Gemfields has pushed back a sale of higher-qualityemeralds by two months to enable Indian buyers to adapt to the government’s decisionto invalidate higher-value currency notes. The auction of stones from the Kagem mine in Zambia will nowtake place...
Gemstones Dec 04, 2016 Rapaport News
Diamonds
Volumes Rise on SDiX Diamond Exchange
Trading on the Singapore Diamond Investment Exchange (SDiX) jumpedto $6.7 million in August, from the inaugural month of May.Trading grew from $1.1 million in May to $3.1 million inboth June and July, according to a spokesperson for...
Financial-Legal Sep 01, 2016 Rapaport News
Uzi Levami, CEO, Sarine
Sarine Sales Surge as Diamond Market Recovers
Sarine Technologies’ revenue rose 45 percent in the secondquarter as a pickup in the global diamond trade helped increase sales of its manufacturing equipment.Revenue jumped to $20.9 million as the diamond technologyprovider reported recordsales of its Galaxy mapping systems...
Technology Aug 08, 2016 Rapaport News
Uzi Levami, CEO, Sarine
Sarine Pens Deal with Singapore Retailer
SarineTechnologies struck a deal with Soo Kee Group to provide its digital diamonddisplay equipment at the Singapore-based jeweler’s Love & Co. stores. The ‘SarineProfile’ technology will be implemented in Love & Co.’s LVC Lovemarkdiamond collection...
Technology Jul 27, 2016 Rapaport News
sarine
Diamond Manufacturing Revival Lifts Sarine Sales
Sarine Technologies reported a recovery in quarterly revenueand profit as diamond manufacturing levels increased. The company, which sells technology to the diamond industry,said revenue jumped 27 percent to $15.5 million in the first quarter that endedMarch 31....
Manufacturing May 09, 2016 Rapaport News
World Diamond Mark
First Singapore Retail Jeweler Joins World Diamond Mark Scheme
Luvenus Jewellery has become Singapore’s first retailjeweler to join the World Diamond Mark’s Authorized Diamond Dealer program.Displaying the seal in four of the company’s retail shopswill enhance consumer confidence and potentially improve sales,...
Retail Apr 19, 2016 Rapaport News
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