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Bruno Scaselli
Can Nanotechnology Save the Diamond Trade?
It’s not easy for a diamantaire to compete in the emerging diamond-traceability market, admits Bruno Scarselli, a New York-based supplier of fancy-color diamonds. As the likes of De Beers, the Gemological Institute of America (GIA) and others roll out...
Technology Dec 09, 2019 Avi Krawitz
Sotheby's Wenhao Yu
Sotheby’s Hires New Asia Jewelry Head
Sotheby’s has appointed Wenhao Yu as deputy chairman ofjewelry for Asia, to help strengthen its expertise and sourcing capabilitiesand expand its business in the region. Yu was previously at Poly Auction Hong Kong, where he founded and...
Polished Markets Dec 09, 2019 Rapaport News
Alrosa
Alrosa Identifies Potential New Diamond Resources
Alrosa has identified three new exploration sites that couldpotentially yield 17.9 million carats of rough across their lifespan, according to preliminaryestimates.The sites are located close to Alrosa’s Mir mine in the Yakutia region of Russia....
Mining Dec 09, 2019 Rapaport News
JCP Karl Walsh
J.C. Penney Hires Ex-Pandora Exec
J.C. Penney has appointed Karl Walsh as chief digitalofficer, charging him with overseeing improvements to its e-commerce platforms and customer experience. Walsh waspreviously chief digital officer at Danish jeweler Pandora, a role he took onin...
Retail Dec 09, 2019 Rapaport News
Christie's Paris
Christie’s Garners $7M at Paris Auction
Christie’s brought in $6.9 million from its Fine Jewels salein Paris, with a fancy orangey-pink diamond ring fetching more than eight timesits high estimate. The old-cut, 6.32-carat, type IIa, VS2-clarity diamond wasthe...
Polished Markets Dec 08, 2019 Rapaport News
Watches of Switzerland
Watches of Switzerland Hires New Marketing VP
Watches ofSwitzerland has appointed Katie Reed vice president of marketing for the US. She will be responsible for all North American communications for the brand, as well as itsMayors subsidiary. Reed was previouslyvice president...
Retail Dec 08, 2019 Rapaport News
Tiffany Men's
Tiffany Launches Men’s Pop-Up Store
Tiffany & Co. has opened a one-month holiday pop-up shopin New York featuring its men’s collection. The store, which will be open from December 6 to January 6,will carry items from the jeweler’s Tiffany...
Retail Dec 08, 2019 Rapaport News
Bonhams London Jewels
Cartier Necklace Smashes Estimate at Bonhams
An Art Deco aquamarine and diamond necklace by Cartierfetched more than triple its high estimate at Bonhams' London Jewels sale. The Cartier piece, which is dated from 1940 and features 170carats of aquamarines, sparked an international...
Polished Markets Dec 08, 2019 Rapaport News
Rapaport TradeWire December 5, 2019
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Research Dec 05, 2019 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Jewelers and memo dealers gaining confidence afterpositive start to holiday season. E-commerce driving growth, with record $9.4Bpurchases on Cyber Monday, according to Adobe Analytics. NRF counts 189.6Mshoppers and average spend +16% to $362 over...
Polished Markets Dec 05, 2019 Rapaport News
India gold jewelry
India: Buyers Looking for Goods
Buyers actively lookingfor goods amid scarcity of better-quality RapSpec A3+ diamonds that are indemand. Very little new supply available since manufacturers decreasedproduction over last five months. Rough orders expected to improve at nextweek’s...
Research Dec 05, 2019 Rapaport News
Tiffany Hong Kong store
Tiffany Sales Stall as Tourist Spending Dries Up
Sales at Tiffany & Co. were flat at $1.01 billion in thethird fiscal quarter as increases in mainland China compensated for weakspending in the US and Hong Kong. Revenue declined 4% to $422.5 million in the Americas region assales to tourists...
Retail Dec 05, 2019 Rapaport News
Signet
Signet Raises Full-Year Outlook
Signet Jewelers’ shares jumped 6% in early trading Thursdayafter the retailer increased its sales forecast for the current fiscal year. The jeweler adjusted its guidance following a rise insame-store sales in the third fiscal...
Retail Dec 05, 2019 Rapaport News
De Beers sightholder
De Beers Ends Special Supply Measures
Rough-diamond buyers are anticipating an improvement insales at next week’s De Beers sight, as the miner is withdrawing concessions that allowed clients to reject goods. De Beers will revert to its standard rules limiting sightholders’ abilityto refuse or defer...
Rough Markets Dec 05, 2019 Joshua Freedman
Adobe Cyber Monday sales
Holiday Season Gets Off to Solid Start
The holiday season got off to a positive start over the five-day Thanksgiving weekend, with observers seeing record online sales.About 124 million people shopped in stores, while 142.2 million bought online during the...
Retail Dec 04, 2019 Rapaport News
GSI
Lab Warns of Color Instability in CVD
Synthetic diamonds grown using chemical vapor deposition (CVD) could change color for an extended period following exposure to certain light forms, Gemological Science International (GSI) has warned. When testing a 2-carat CVD diamond,GSI...
Technology Dec 04, 2019 Leah Meirovich
GIA Dubai
GIA to Shut Down Dubai Branch
The Gemological Institute of America (GIA) will close its Dubai office by the end of the year, ending a decade-long presence in the city. The organization has offered education programs, including its Graduate Diamonds course...
Polished Markets Dec 04, 2019 Rapaport News
HRD
Sarine Joins Race to Buy HRD Antwerp
Sarine Technologies has entered the running to acquire HRDAntwerp, according to two sources close to the sale process. The Israel-based diamond-technology company has registered its interest in buying the Belgian laboratory, as have two previous...
Polished Markets Dec 03, 2019 Joshua Freedman
CAR
KP Gives CAR More Export Freedom
The Kimberley Process (KP) has relaxed its rules for roughexports from the Central African Republic (CAR), enabling the government to approve multiple shipments each month without needing to wait for external authorization....
Mining Dec 03, 2019 Rapaport News
Sarine
Sarine Returns to Profit in Third Quarter
Sarine Technologies recorded its first quarterly profit this year amid solid demand for its Galaxy diamond-mapping equipment. Profit for the three months ending September 30 came to $234,000.While the figure was 13%...
Rough Markets Dec 03, 2019 Rapaport News
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