Rapaport News



Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Rough Markets
Polished Markets

Tiffany to Close Antwerp Polishing Facility

Laurelton Diamonds will shift certain operations to Botswana, Cambodia, Mauritius and Vietnam.
Mar 15, 2018 5:19 AM   By Joshua Freedman
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Tiffany & Co.’s manufacturing unit, Laurelton Diamonds, plans to shut its polishing center in Antwerp, shifting the operations to its other workshops in Botswana, Cambodia, Mauritius and Vietnam.

Laurelton will continue to carry out rough sourcing, sorting, marking and sawing at its Antwerp headquarters, but will move the polishing work to its other locations, or to external suppliers, a Tiffany spokesperson told Rapaport News Wednesday. The retailer has entered a consultation period with its employees, but declined to say when the closure would take effect or why it had made the decision.

Laurelton, which Tiffany established in 2002, sources rough stones and manufactures them into polished that it supplies to the jeweler.

“The company will fully comply with all local employment laws and regulations in relation to the plan, if and when confirmed following the end of the consultation period,” the spokesperson added.
Tags: Antwerp, Belgium, cutting, Joshua Freedman, Laurelton, Laurelton Diamonds, manufacturing Tiffany, Polishing, Rapaport News, Tiffany & CO.
Similar Articles
Alrosa KristallAlrosa to Restructure Manufacturing Business
Dec 17, 2019
Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing...
Zvi Yehuda: The Industry’s Idea Man
Rough Slowdown Weighs on Asian Star
KGK Opens Angola Cutting Factory
Dubai Conference Tech PanelDiamond Manufacturers Must Brace for Automation
Oct 31, 2019
Imagine the following: A diamond-mining company operating with self-driving trucks...
Sarine Anticipates Return to Profitability
Synova Launches Automated Cutter
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

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