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DEF
DEF Launches Scholarships in Three Continents
The Diamond Empowerment Fund (DEF) has grantedits largest-ever award, to be shared among nine beneficiaries across three continents.The $470,000 training and education grant,released early last week, is designed to support girls’ education,entrepreneurship and youth...
Financial-Legal Oct 15, 2019 Rapaport News
Alrosa
Alrosa Sales Decline at Slower Rate
Alrosa’s sales fell 24% year on year to $258.7 million inSeptember, amid continued market weakness. However, the total was the highest in four months, and reflecteda noticeable recovery in the small-stone sector, the Russian...
Mining Oct 15, 2019 Rapaport News
Lightbox
Lightbox Launches at Bloomingdale’s, Reeds
De Beers will partner with two major retailers topromote Lightbox, its affordable lab-grown-diamond-jewelry brand. Lightbox’s $800-per-carat jewelry is set to be soldin select Bloomingdale’s stores, including in New York City and San Francisco, thecompany said...
Retail Oct 15, 2019 Rapaport News
WD
Lab-Grown Sector Gears Up for Sustainability Audit
Six synthetic-diamond companies have signed up for apilot program aimed at creating a sustainability standard for the sector. SCS Global Services, a third-party auditing specialist,will analyze companies’ environmental, social and governance records, with thegoal...
Polished Markets Oct 15, 2019 Rapaport News
DPA
DPA Chief Lieberherr Steps Down
Jean-Marc Lieberherr has resigned as CEO of the DiamondProducers Association (DPA), an organization he has led since its formation in2015. Lieberherr became the DPA’s first chairman in December 2015,before taking on the role of CEO in February 2016....
Polished Markets Oct 15, 2019 Rapaport News
Matt Perosi
Diversity: A Business Opportunity
Having a workforce that is more diverse not only makes goodbusiness sense, it makes good economic sense. Companies with a more inclusiveemployee base — i.e., a greater proportion of women and ethnically/culturallydiverse individuals — are more competitive in the...
Polished Markets Oct 15, 2019 Deborah Yonick
Rapaport TradeWire October 10, 2019
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Research Oct 15, 2019 Rapaport
Rapaport Logo
Rapaport Weekly Market Comment
Diamond market quietover Jewish holidays. Slight improvement in India ahead of Bharat Diamond Week,with buyers looking for polished before Diwali break (Oct. 27). Shortages inRapSpec A3+, nonfluorescent goods as manufacturers maintain low production.China...
Polished Markets Oct 10, 2019 Rapaport News
Taj Mahal India
India: Market Quiet Due to Holidays
Short week due to GandhiJayanti national holiday. Few foreign buyers in Mumbai. Prices of 0.30 to 0.40ct., D-G, IF-VVS2 firming as inventory diminishes. Rough trading down.Manufacturers maintaining low production capacity ahead of Oct. 27 Diwalibreak. Round -1 point:...
Research Oct 10, 2019 Rapaport News
DPA Diamond Journey
DPA Launches ‘Diamond Journey’ Campaign
The Diamond Producers Association (DPA) has unveiled amultimedia campaign tracing the entire story of a diamond from volcanic eruption to its purchase as jewelry.The new cinematic ads, titled “The Diamond Journey” and ranging from...
Marketing Oct 10, 2019 Rapaport News
Antwerp Beurs
Antwerp Bans Lab-Grown from Trading Floors
The Federation of Belgian Diamond Bourses has introduced aban on lab-grown sales in Antwerp’s four trading halls. While synthetics trading is still rare in Antwerp, theumbrella group took action last month because it views the exchanges...
Polished Markets Oct 10, 2019 Joshua Freedman
LVMH
LVMH Jewelry and Watch Revenue Jumps
LVMH Moët Hennessy Louis Vuitton saw a rise in jewelry andwatch sales in the third quarter, led by a strong performance at its Bulgaribrand, it said Wednesday. Revenue for the category increased 8% to EUR 1.13 billion($1.24 billion) for...
Retail Oct 10, 2019 Rapaport News
Sotheby's Hong Kong
Pink Diamond Nets $20M at Sotheby’s
A pink diamond ring was the top lot at Sotheby’sHong Kong auction this week, garnering HKD 155.8 million ($19.9 million), or $1.9 million per carat. The cut-cornered rectangular mixed-cut, 10.64-carat, fancy-vivid-purplish-pink, internally flawless...
Polished Markets Oct 07, 2019 Rapaport News
Petra 20.08ct blue
Cullinan Blue Could Fetch $15M, Analysts Say
Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender in Johannesburg next month, with analysts predicting the rough couldattract $15 million.The miner recovered the type IIb, “exceptional” gem-qualitystone at its Cullinan deposit...
Rough Markets Oct 07, 2019 Rapaport News
WFDB Presidents' Meeting Opening
WFDB Prepares Master Plan to Boost Relevance
There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization’s annual Presidents’...
Polished Markets Oct 07, 2019 Avi Krawitz
Diamond Trade with Loupe
Diamond Trade Cautious Ahead of Holiday Season
RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas…Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war,...
Polished Markets Oct 07, 2019 Rapaport
Alrosa
Alrosa Finds Diamond Inside a Diamond
Alrosa has recovered an unusual piece of rough featuring one diamond encased inside another,in a style similar to the traditional Russian nesting doll. The outer stone weighs 0.62 carats and contains an innercavity of 6 cubic millimeters...
Mining Oct 06, 2019 Rapaport News
Rio Tinto
Rio Tinto Unveils $1.1M Argyle Jewels
Rio Tinto has unveiled a necklace-and-ring set worth $1.1million, created from 673 diamonds recovered from its Argyle mine in Australia. The jewels, called Argyle Dreaming, were handcrafted byjewelry designer John Calleija using...
Polished Markets Oct 06, 2019 Rapaport News
Phillips
Phillips to Offer Rare Van Cleef Zip Necklace
Phillips’s Jewels and Jadeite auction in Hong Kong willfeature a rare Van Cleef & Arpels Zip necklace, one of only a few thejeweler made. The piece, which includes diamonds, sapphires and lapislazuli, is estimated at HKD...
Polished Markets Oct 06, 2019 Rapaport News
NRF
NRF Predicts Rise in Holiday Sales
The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for...
Retail Oct 06, 2019 Rapaport News
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