RapNet


Rapaport News

 

Search Results

   

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Mag cover story Nov 2020
Making the Most of the Holidays
It’s been a tumultuous year, and the upcoming holiday forecast has not eased concerns. Although sales are still expected to increase over last year, the margin is slim, according to AlixPartners. The consulting firm...
Retail Nov 23, 2020 Lara Ewen
Synova 150
Synova’s Automated Cutter to Tackle Fancy Shapes
Swiss technology provider Synova has expanded its automated diamond-cutting system to include fancy shapes, it said Monday. The company, which is part-owned by De Beers, unveiled the DaVinci Diamond Factory last year at the Dubai Diamond...
Manufacturing Nov 23, 2020 Leah Meirovich
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 Nov 23, 2020 Rapaport News
Polished diamond
US Polished Imports Continue to Slide
The US recorded its 18th consecutive monthly drop in polished-diamond imports as the coronavirus pandemic continued to affect trading. Shipments fell 10% year on year to $1.34 billion in September — the gentlest decline since March, according to data...
Polished Markets Nov 22, 2020 Rapaport News
Israel Diamond Exchange trade floor shut June 2020
Israel Polished Exports Slump
Israel’s polished-diamond exports fell 37% year on year to $1.9 billion in the first 10 months of 2020, according to figures the government released last week.The decline, which reflects the impact of the pandemic, eased slightly in August...
Polished Markets Nov 22, 2020 Rapaport News
Macys jewelry 150
Jewelry Gives Shining Performance at Macy’s
Jewelry was one of the top-selling categories at Macy’s during the third fiscal quarter, even as overall sales declined at the department-store chain.Group revenue dropped 23% to $3.99 billion in the three months ending October 31,...
Retail Nov 22, 2020 Rapaport News
Luk Fook HK 150
Luk Fook Warns of Profit Drop
Luk Fook has projected a sharp fall in revenue and profit for the first half of the fiscal year amid a resurgence in the coronavirus in the second quarter and its economic impact.Revenue declined 50% year...
Retail Nov 22, 2020 Rapaport News
Rapaport TradeWire November 19, 2020
...
Research Nov 19, 2020 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Rising expectations for holiday season despite surge in Covid-19. US retail sales +5.7% in Oct. Digital driving growth in US and China: Walmart 3Q e-commerce +79% and Alibaba’s 11/11 Singles’ Day sales +26% to record $74B. Polished...
Polished Markets Nov 19, 2020 Rapaport News
Shutterstock
Swiss Watch Exports Maintain Gloomy Streak
Swiss watch exports saw their ninth consecutive monthly decline as US orders slipped and a fresh wave of European lockdowns cast a cloud over demand in the region.Global shipments fell 7% to CHF 1.88 billion ($2.07 billion) in October,...
Watches Nov 19, 2020 Rapaport News
Bain Luxury credit Shutterstock 150
Luxury Sales Won’t Recover for Two Years – Bain
Sales of personal luxury goods will fall 23% this year and are unlikely to recover for at least two years, Bain & Company predicted.Total sales for the category will drop to EUR 217 billion...
Retail Nov 19, 2020 Rapaport News
TSL Malaysia store
Hong Kong’s Tse Sui Luen Suffers Heavy Losses
Hong Kong-based jeweler Tse Sui Luen (TSL) fell into the red in its first fiscal half as the coronavirus and tensions between the US and China battered its business across the region.The retailer...
Retail Nov 19, 2020 Rapaport News
Sothebys De Beers 150
Sotheby’s to Auction De Beers Jewels for Charity
Sotheby’s will sell five natural-diamond pendants created for De Beers’ new ReSet Collective project, with the proceeds going to charity, the auction house said Wednesday.Five jewelry designers created the pieces using natural...
Polished Markets Nov 18, 2020 Rapaport News
Helzberg Orlando store
Berkshire Hathaway Sales Rise as Stores Reopen
Retail sales at US conglomerate Berkshire Hathaway rose 4% year on year to $4.21 billion in the third quarter as business resumed following coronavirus-related lockdowns.The company owns Borsheims, Helzberg Diamonds and Ben Bridge Jeweler, but derives around...
Retail Nov 18, 2020 Rapaport News
Frederick Goldberg Lauren Calmas 150
Frederick Goldman Hires Head for Independents
Frederick Goldman has appointed Lauren Calmas as general manager of the independent-jeweler channel of its business. Calmas will be responsible for growing the newly created business-to-business (B2B) division for small e-commerce sellers, Frederick Goldman...
Retail Nov 18, 2020 Rapaport News
NRF October 150
Early Holiday Shopping Boosts US Retail Sales
October marked the sixth straight month of US retail sales increases as consumers did their holiday shopping early, noted the National Retail Federation (NRF).Overall retail sales grew 5.7% compared to the same period last...
Retail Nov 18, 2020 Rapaport News
De Beers rough sorting at Debmarine Namibia
De Beers Sees Third Consecutive Sales Increase
De Beers’ November sales cycle garnered $450 million as retail demand in the US and China supported manufacturers’ appetite for rough, the company reported Wednesday.The monthly total, covering the period from November 2 to 16, was...
Rough Markets Nov 18, 2020 Rapaport News
Dominion Diavik 150
Court Allows Rio Tinto to Sell Dominion’s Diamonds
A Canadian court has granted Rio Tinto permission to sell diamonds belonging to Dominion Diamond Mines to recoup more than CAD 120 million ($91.4 million) in unpaid debt from their Diavik joint venture.Rio Tinto subsidiary...
Mining Nov 17, 2020 Rapaport News
Petra Diamonds Finsch mine conveyor belt
Petra in the Red as Mines Lose Value
Petra Diamonds saw heavy losses in the latest fiscal year as sales slid and weakening rough prices reduced the value of its mines.The net loss of $223 million for the 12 months ending June 30 included...
Mining Nov 17, 2020 Rapaport News
Christies 43 carat Sapphire
Large Sapphires to Lead Christie’s New York
A collection of large sapphires will take center stage at the Magnificent Jewels auction at Christie’s in New York next month, with the top item expected to fetch up to $7 million.The bracelet, which is from a private collection, features a 43.10-carat...
Polished Markets Nov 17, 2020 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