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Tiffany to Share Full Provenance of Its Diamonds
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Tiffany & Co. will give consumers full details of each diamond’s route from mine to jewelry, encompassing the rough’s origin as well as the locations of cutting, grading and setting.Beginning in October, the US retailer will share...
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Retail
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Aug 19, 2020
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Rapaport News
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India Extends Import Curbs as Surat Shuts Again
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Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
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Polished Markets
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Jul 01, 2020
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Joshua Freedman
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Virus Cases Shut Parts of Surat Cutting Units
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Around eight diamond-cutting businesses in Surat have closed parts of their factories after a coronavirus outbreak.Authorities ordered the shutdowns after 20 to 23 workers tested positive for the virus, Colin Shah, chairman of the Gem & Jewellery...
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Manufacturing
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Jun 16, 2020
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Rapaport News
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Surat Diamond-Cutting Sector Reopens
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The Indian government has allowed diamond businesses in Surat to reopen with limited staff numbers following concerns the shutdown was causing an exodus of workers.Companies can now employ 50% of workers in factories and 33% in offices,...
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Manufacturing
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May 21, 2020
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Rapaport News
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India’s Cutting Sector Faces Decade-Low Revenues
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India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory has built up, a credit agency has warned.Diamond sales will decline up to 32%, to $13 billion to $15 billion,...
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Polished Markets
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Apr 28, 2020
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Rapaport News
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Rough Slowdown Weighs on Asian Star
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Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
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Manufacturing
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Nov 18, 2019
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Joshua Freedman
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Synova Launches Automated Cutter
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A technology provider part-owned by De Beers has unveiled anautomated cutting machine that, it claims, will significantly speed up diamondmanufacturing and reduce costs. Synova’s DaVinci system is the market’s first automated instrument that can produce all...
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Manufacturing
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Sep 26, 2019
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Rapaport News
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De Beers, Botswana Prep for New Sales Deal
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Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
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Mining
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Jul 09, 2018
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Avi Krawitz
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Israel to Polish Large Diamonds from China
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Chinese diamond companies will send large stones forpolishing at a new manufacturing facility in Israel, the Middle East nation’sindustry body said. Bourses in the two countries reached the agreement thisweek during a visit to Israel by Lin...
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Manufacturing
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Jun 28, 2018
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Rapaport News
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Alrosa Mulls Buying Manufacturer Kristall
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Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia’s largest manufacturer of polished goods.The miner’s supervisory board deemed the potential deal“expedient” after examining it on April 28, it told Rapaport News Sunday.“Alrosa…sees that such an acquisition, under certainconditions,...
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Manufacturing
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May 06, 2018
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Rapaport News
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Tiffany to Close Antwerp Polishing Facility
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Tiffany & Co.’s manufacturing unit, Laurelton Diamonds,plans to shut its polishing center in Antwerp, shifting the operations to its otherworkshops in Botswana, Cambodia, Mauritius and Vietnam. Laurelton will continue to carry out rough sourcing,sorting, marking...
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Manufacturing
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Mar 15, 2018
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Joshua Freedman
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Diamond Midstream Improving Efficiency, Says Bain
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Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
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Manufacturing
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Dec 13, 2017
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Rapaport News
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Industry Mourns Diamond Broker Mark Boston
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Mark Boston, a much-loved rough-diamond broker credited withdriving forward India’s cutting industry, died last Monday at the age of 71.He passed away at Royal Trinity Hospice in London, havingdecided to stop treatment last month after an 11-year...
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Rough Markets
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Nov 19, 2017
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Rapaport News
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Dubai Factory to Cut 813ct. Constellation
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Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond. Almas Diamond Services set up the factory with an investment of $1.8...
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Manufacturing
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Oct 19, 2017
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Avi Krawitz
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Graff Diamonds Buys Lesedi La Rona Shard
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Graff Diamonds has revealed that it acquired the373.72-carat rough fragment that fell off the Lesedi La Rona diamond — and saysit has the potential to yield a “significant polished stone.”Lucara Diamond Corp. sold the rough...
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Rough Markets
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May 16, 2017
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Rapaport News
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Almod Diamonds to Open Canada Cutting Factory
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New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting andpolishing facility in Canada’s Northwest Territories next year.Almod, an affiliate of retailer Diamonds International, saidit will set up a factory...
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Manufacturing
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Dec 21, 2016
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Rapaport News
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Israel Gearing for Diamond Market Recovery
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Israel’s diamond industry has undertaken several initiatives this year to lift the level of trading, and morale, in an otherwise challenging market environment. A year into his role as president of the Israel Diamond Exchange (IDE), Yoram...
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Polished Markets
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Dec 15, 2016
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Avi Krawitz
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Kiran Gems Expands With New Surat Factory
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Kiran Gems openeda new factory in Surat in response to the company’s growth and increaseddemand.The 200,000 square-foot facility has capacity for 10,000diamond cutters. It offers advanced planning and cutting technology for allkinds of rough diamonds,...
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Manufacturing
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Aug 07, 2016
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Rapaport News
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Dallas Diamond Firms to Launch Cutting Facility in Texas
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Dallas-based The Diamond Doctor and Southwest DiamondCutters have joined forces to open a “state-of-the-art” cutting facility.The Diamond Doctor, ajewelry wholesaler and retailer, and Southwest Diamond Cutters, a firm owned bya fifth-generation master diamond...
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Manufacturing
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Mar 16, 2016
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Rapaport News
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Technology
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Jun 23, 2015
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OGI Systems
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