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GSI Now Testing for Undisclosed Natural Diamonds
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Gemological Science International (GSI) has launched a service that tests lab-grown diamond jewelry for undisclosed natural stones, noting that mixing had become increasingly common.“During our routine grading process for laboratory-grown diamond...
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Technology
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Jan 19, 2021
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Rapaport News
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Mainland Recovery Can’t Save Luk Fook Sales
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Sales at Luk Fook slid in the third fiscal quarter as a slump in the Hong Kong market outweighed a recovery on the mainland.Group-wide same-store sales — at branches open for at least a year — fell 29% year on year during the...
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Retail
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Jan 19, 2021
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Rapaport News
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Coronavirus Updates: Impact on the Diamond Trade
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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...
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Polished Markets
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Jan 19, 2021
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Rapaport News
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Podcast: Digital or Bust?
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Diamond and jewelry companies have raised the stakes when it comes to using online platforms to engage with clients and consumers. But what does it mean to be digitally relevant in today’s ever-changing e-commerce and social-media space?In...
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Marketing
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Jan 18, 2021
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Rapaport News
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Were Diamond Companies Worth the Investment?
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What parameters would one use to assess a company’s performance? For our analysis, sales provide the best indication of how a business is doing. Taking that a step further, revenue generated across a group of companies within a sector...
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Research
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Jan 14, 2021
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Avi Krawitz
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Chow Tai Fook Sales Rise as China Recovers
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Sales at Hong Kong-based jeweler Chow Tai Fook grew almost 18% in the last three months of 2020 as a recovery in mainland China outweighed weakness in its home territory.“In light of the easing Covid-19 situation in mainland China,...
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Retail
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Jan 11, 2021
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Rapaport News
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2020 Hindsight from Our ‘People of the Year’
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What a difference a year makes. The modus operandi of the diamond and jewelry trade was vastly different at the end of 2020 than at the start. That’s a good thing, as the changes had been brewing for...
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Polished Markets
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Jan 10, 2021
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Rapaport News
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LVMH Replaces Tiffany CEO as Deal Closes
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LVMH has shaken up Tiffany & Co.’s senior management after the French luxury group finally completed its acquisition of the iconic US jewelry brand.Anthony Ledru, previously executive vice president for global commercial activities...
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Retail
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Jan 07, 2021
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Rapaport News
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Online Gold Jeweler Mene Sees Sales Jump
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Sales at Mene, an online retailer that prices its precious-metal jewelry based on weight, soared more than 60% last year as the up-and-coming company ramped up its operations.Revenue jumped 64% to CAD 21.4 million ($16.8 million)...
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Retail
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Jan 05, 2021
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Rapaport News
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Diamond Prices Firm After Supply Declines
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RAPAPORT PRESS RELEASE, January 5, 2021, Las Vegas… Diamond trading was seasonally slow in December as the industry’s focus shifted to retail and as diamantaires took their end-of-year break. Sentiment received a boost from strong holiday...
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Polished Markets
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Jan 05, 2021
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Rapaport
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Hong Kong Retail Sees Gradual Recovery
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Hong Kong recorded its gentlest decline in hard-luxury revenues for a year and a half, as a drop in coronavirus cases boosted the local retail market.Retail sales of jewelry, watches, clocks and valuable gifts fell 16% year...
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Retail
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Jan 04, 2021
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Rapaport News
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‘Naturalmark’ Aims to Defeat Undisclosed Synthetics
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A new project to combat undisclosed synthetics has launched in India, offering retailers low-cost screening and inscription using a model based on gold hallmarking.Naturalmark will place tamper-proof seals on parcels of loose diamonds, as well as laser-inscribing finished jewelry,...
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Retail
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Jan 03, 2021
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Joshua Freedman
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Instagram Jewelry Favorites of 2020
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Bold designs, unconventional shapes, and big white diamonds are what our Instagram community loved best this year. Looking at the diamond-jewelry posts our 80,000 followers saved the most from @jewelryconnoisseur_by_rapaport, we saw...
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Gemstones
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Dec 31, 2020
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Sonia Esther Soltani
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The Top 10 Stories of 2020
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A few hot topics usually dominate our annual list of the most-read items on Diamonds.net. Synthetics, grading and crime tend to be among them.This year, however, one theme — the coronavirus — stood out, responsible for the...
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Polished Markets
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Dec 30, 2020
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Joshua Freedman
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NY Diamond District in the Spotlight
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New York’s Diamond District is set to sparkle on TV this Tuesday night in the documentary series Streets of Dreams with Marcus Lemonis.The series presenter is a self-declared “champion of entrepreneurs” who is seeking to discover what makes America’s most famous...
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Polished Markets
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Dec 24, 2020
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Rapaport News
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Podcast: The Year That Changed the Diamond Market
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The Rapaport News team looks back at a tumultuous year in our final podcast of 2020, highlighting the most significant stories and trends that shaped our industry. Publisher John Costello, News Editor Avi Krawitz,...
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Polished Markets
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Dec 22, 2020
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Rapaport News
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Engagement-Ring Budgets Stable During Pandemic
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The pandemic has altered how US consumers shop for engagement rings, rather than having a major impact on the amounts they spent, according to a survey by wedding resource The Knot.Proposers made greater use of online tools...
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Retail
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Dec 20, 2020
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Rapaport News
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RJC to Set Out 10-Year Sustainability Plan
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The Responsible Jewellery Council (RJC) is preparing a new 10-year plan for ensuring the organization and its members achieve the UN’s sustainable-development goals (SDGs). The “Roadmap to 2030 and Beyond” will outline how...
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Polished Markets
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Dec 20, 2020
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Rapaport News
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Michael Hill Forecasts Half-Year Profit
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Australian jeweler Michael Hill predicted a rise in profit for the current half year after reporting growth in same-store sales.Sales at branches open for at least 12 months increased 8% year on year in the 22 weeks ending November 29,...
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Retail
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Dec 10, 2020
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Rapaport News
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Podcast: Human Rights, Diamonds and Covid-19
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The diamond and jewelry industry has made important strides in its responsible sourcing practices, but it cannot become complacent, a recent report by Human Rights Watch (HRW) found. Besides, Covid-19 has brought new challenges...
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Fair Trade
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Dec 10, 2020
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Avi Krawitz
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