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Akil Zubir Alrosa
Alrosa Names New Belgium Chief
Alrosa has appointed Akil Zubir as managing director of its Belgium office, the miner said Thursday. He will succeed Sergey Panchekhin, who has worked for the company for more than 20 years and plans...
Mining Sep 21, 2020 Rapaport News
Bonhams Leslie Roskind 150
Bonhams Appoints Hong Kong Jewelry Head
Bonhams has promoted Leslie Roskind to lead its Hong Kong jewelry department, it said Monday.Roskind, who has been with Bonhams since April 2019, will oversee the procuring and selling of jewelry in the municipality,...
Polished Markets Sep 21, 2020 Rapaport News
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Rapaport Weekly Market Comment
Rising expectations for holiday season. Deloitte predicts 1.5% growth in US retail sales, driven by 25%-35% spike in e-commerce. Jewelers with strong online and social media presence doing well; others struggling. Trading momentum slowed...
Polished Markets Sep 17, 2020 Rapaport News
Israel-Dubai
Israel, Dubai Diamond Sectors Sign Trade Deal
Diamond bourses in Israel and the United Arab Emirates (UAE) have signed a cooperation deal following the recent peace accord between the two Middle East countries.The Israel Diamond Exchange (IDE) will open...
Polished Markets Sep 17, 2020 Rapaport News
Swiss watch 150
Swiss Watch Exports Slowly Recovering
The decline in Swiss watch exports continued to ease slightly in August, as orders from China rose.Total shipments fell 12% year on year to CHF 1.34 billion ($1.48 billion), the sixth consecutive monthly decline. However, the...
Polished Markets Sep 17, 2020 Rapaport News
Tiffany
LVMH and Tiffany Lock Horns over Trial Timing
LVMH has asked a court to delay Tiffany & Co.’s lawsuit against the luxury group, prompting the US jeweler to renew its allegations of foul play by its would-be acquirer. Tiffany had petitioned the Delaware Chancery...
Retail Sep 17, 2020 Rapaport News
Dominion Ekati 150
Dominion to Sell Ekati Mine for $126M
Dominion Diamond Mines has sold its Ekati mine in Canada to affiliates of its owner, the Washington Companies, for $126 million amid struggles with mounting debt.The offer came from Canadian Diamond Holdings and...
Mining Sep 17, 2020 Rapaport News
NRF shopping mall 150
US Retail Sales Continue Rebound in August
US retail sales rose in August for the fourth consecutive month, though the rate of growth slowed from July, government data showed.Overall retail sales increased 2.6% compared to the same period last year, and...
Retail Sep 17, 2020 Rapaport News
Sarine Files India Lawsuit 150
Sarine, Chinese Lab Debut Light-Performance Report
Sarine Technologies has partnered with China’s National Gemstone Testing Center (NGTC) to offer light-performance reports for a leading jewelry supplier in the region.The co-branded reports for high-end Chinese jewelry designer, manufacturer and wholesaler...
Retail Sep 16, 2020 Rapaport News
Petra blue diamonds 150
Petra Recovers High-Quality Blue Diamonds
Petra Diamonds has unearthed five high-quality, blue, type IIb diamonds from its Cullinan mine in South Africa in the span of one week, it said Wednesday.The stones, which weigh 25.75, 21.25, 17.57, 11.42 and...
Mining Sep 16, 2020 Rapaport News
Deloitte holiday gifts 150
Deloitte Predicts Rise in US Holiday Sales
US retail sales are forecast to increase by up to 1.5% this holiday season, despite uncertain consumer sentiment and a jump in the unemployment rate, Deloitte said Tuesday.The consulting firm expects overall holiday retail sales to rise 1% to 1.5%...
Retail Sep 16, 2020 Rapaport News
Ana de Armas NDC
Bond Actress Revealed as New Face of Diamonds
The Natural Diamond Council (NDC) has unveiled actress Ana de Armas as the star of its first celebrity campaign, which will debut at next week’s Emmy Awards.De Armas recently received a Golden Globe nomination for...
Marketing Sep 16, 2020 Rapaport News
Gemfields rubies 150
Gemfields Warns of $57M Loss
Gemfields expects to suffer a loss of $56.7 million for the first half of the year amid the cancellation of most of its emerald and ruby auctions.The loss for the six months ending June 30 compares with...
Mining Sep 15, 2020 Rapaport News
Yoram Dvash
WFDB Elects Yoram Dvash as President
The World Federation of Diamond Bourses (WFDB) has voted in Yoram Dvash as its president for a three-year term, the organization said Tuesday.Dvash, who holds the same position at the Israel Diamond Exchange, had been...
Polished Markets Sep 15, 2020 Rapaport News
Stornoway Renard 150
Stornoway to Restart Operations at Renard
Stornoway Diamond Corporation plans to resume operations at its Renard mine in Canada this month after half a year of inactivity, according to a minority shareholder.The miner, which was acquired by its lenders last year following heavy losses...
Mining Sep 15, 2020 Rapaport News
Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
Polished Markets Sep 15, 2020 Rapaport News
VicenzaOro 2020
Vicenza Show Begins Despite Pandemic
The VicenzaOro International Community Event (VOICE) takes place in Italy this week under strict health guidelines, with organizers expecting more than 370 exhibitors to attend despite the pandemic.The fair began Saturday and...
Polished Markets Sep 13, 2020 Rapaport News
Gem Legacy 150
Nonprofit Selling Gems to Help Artisanal Miners
Nonprofit group Gem Legacy will launch an auction of donated jewelry and loose gems to celebrate its second anniversary, with the proceeds going to fund new tool kits for artisanal miners in Africa.“Tools are absolutely...
Polished Markets Sep 13, 2020 Rapaport News
Rough diamond credit Shutterstock
HB Antwerp Buys Sightholder’s Cutting Factory
HB Antwerp has acquired the manufacturing facility of Belgian large-stone specialist AMC Diamonds, gaining 13 employees alongside the company’s machinery and technology.“With this acquisition, HB Antwerp confirms its ambition to bring the diamond-polishing process back...
Manufacturing Sep 13, 2020 Rapaport News
De Beers rough 150
De Beers August Rough Sales Rise to $320M
Rough-diamond sales began to rebound at De Beers’ August sight as demand picked up ahead of the holiday season and governments reduced Covid-19 restrictions.“Diamond markets showed some continued improvement throughout August and September as Covid-19 restrictions continued...
Mining Sep 13, 2020 Rapaport News
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