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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
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 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
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
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
Sarine’s 4Q Revenue -32%, Profit Plummets 62%
Sarine Technologies reported revenue slumped 32 percentto $12.4 million in the fourth quarter that ended December 31 as diamondmanufacturing levels fell.Profit dived 62 percentyear on year to $1.5 million during the period, according to a statementFebruary 28 by the Singapore-listed company,...
Technology Mar 01, 2016 Rapaport News
IIa Technologies
IIa Technologies Denies Infringement of Element Six Patents, Vows to Fight Claims
Lab-growndiamond producer IIa Technologies denied it infringed on patents owned by a DeBeers company and vowed to “challenge the validity” of the patents.Pledging to defend itself against claimsfrom De Beers synthetics business Element Six, Singapore-based IIa said itis...
Financial-Legal Jan 24, 2016 Rapaport News
Element Six
De Beers Subsidiary Starts Legal Action Against IIa Technologies for Patent Violation
ElementSix, De Beers' synthetics business, began legal action January 12 in Singapore against IIa Technologies,alleging an infringement of patents.Some patents for proprietary synthetic diamondproducts and their manufacturing method have been infringed, in particularSingapore patent numbers 115872...
Financial-Legal Jan 13, 2016 Rapaport News
Sarine Sees 4Q Revenue Improving amid 'Positive' Market
Sarine Technologies expects revenue in thefourth quarter ending December 31 to improve 29 percent on a sequential basisto about $12.3 million. The result would represent a 33 percent decrease overthe same period last year. Sales in the third quarter...
Technology Jan 10, 2016 Rapaport News
Sarine Moves Closer to Israel Diamond Exchange’s Rough Trading Hall
Sarine Technologies Ltd. has moved its service center inthe Israel Diamond Exchange to a location next to the rough trading hall.Through the “prime central location,” Sarine “aims tostreamline the integration of the company's rough...
Technology Dec 28, 2015 Rapaport News
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