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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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Nirav Modi Crisis Hits Gemfields
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Proceeds slumped at Gemfields’ May auction ofhigher-quality rough emeralds as the Nirav Modi fraud case hurt Indian demand,the miner reported last week. Most of the company’s emerald clients are based in India,where the gemstone...
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Gemstones
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May 27, 2018
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Rapaport News
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Gemfields Owner Reduces Staff, Salaries
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Colored-gemstone producer Gemfields is taking measures to reduce debt and revive profit growth, following its acquisition by Pallinghurst Resources earlier this year. Gemfields’ debt grew almost fivefold to about $84 million between2014 and July...
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Gemstones
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Dec 14, 2017
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Rapaport News
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Las Vegas Shows Move in Together
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US Antique Shows and the American Gem Trade Association (AGTA) have joined forces to hold their Las Vegas trade fairs in the same location. Beginning in June 2019, the AGTA GemFair Las Vegas and...
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Mining
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Dec 05, 2017
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Rapaport News
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CIBJO Congress Focuses on Ethics
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Ethical practices in the global gem and jewelry industry dominated discussions at this week’s congress of the World Jewellery Confederation (CIBJO). Hundreds of industry leaders attended the event in Bangkok, Thailand, which ran through Tuesday....
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Gemstones
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Nov 07, 2017
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David Brough
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GIA to Launch Japan Education Program
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The Gemological Institute of America (GIA) is planning to open an educational campus in Tokyo featuring courses in gemstones and diamonds to help strengthen Japan’s industry, the organization announced.“The expansion of our activities with updated educational offerings will...
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Polished Markets
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Oct 09, 2017
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Rapaport News
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HRD Detects Topaz Imitating Diamonds
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HRD Antwerp has identified two stones thatwere believed to be diamonds as topaz, reflecting a trend to fool rough diamondbuyers with the cheaper gemstone.The two large, near-colorless roughstones, weighing 50.08 carats and 38.18 carats, were...
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Rough Markets
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Jul 16, 2017
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Rapaport News
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Pallinghurst Emerges as Sole Gemfields Bidder
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Pallinghurst Resources has received backing from its ownersto acquire Gemfields, paving the way for the private-equity firm to go aheadwith the deal after the only other bidder dropped out.Pallinghurst, Gemfields’ largest investor,...
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Mining
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Jun 27, 2017
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Rapaport News
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Battle for Gemfields Heats Up
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Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
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Gemstones
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Jun 21, 2017
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Rapaport News
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Harry Winston Spends $5.5M on Historic Emerald
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Harry Winston bought the Rockefeller Emerald for a recordprice per carat at Christie’s New York on Tuesday.The luxury jeweler’s CEO, Nayla Hayek, had instructed chieffinancial officer Robert Scott to “bring this magnificent gem home...
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Gemstones
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Jun 21, 2017
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Rapaport News
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Gemfields Reluctantly Bows to Fosun Takeover Bid
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Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
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Gemstones
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Jun 20, 2017
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Rapaport News
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Gemfields Sets $55M Auction Record
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Gemfields recorded its highest auction total as it sold$54.8 million worth of rubies and corundum in Singapore last week.The sale fetched an average of $61 per carat for895,848 carats, out of just over 1 million carats that were...
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Gemstones
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Jun 19, 2017
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Rapaport News
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Pleading Signet’s CSR Case
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“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you would do things differently.” — Warren Buffett. Signet Jewelers has had a frustrating time of late. In the past year,...
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Retail
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May 11, 2017
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Avi Krawitz
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Massive 887ct. Emerald to Headline NY Auction
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An 887-carat rough emerald will come under the hammer in NewYork in April.Named “La Gloria,” the gem is one of the largestmuseum-quality emeralds in the world, according to Guernsey’s, which willauction the piece. The stone originated in the...
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Gemstones
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Feb 16, 2017
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Rapaport News
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Gemfields Emerald Production Slumps
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Gemfields said production of emerald and beryl dropped 43percent in the final three months of last year as the company mined alower-grade zone of its Kagem deposit in Zambia.Output fell to 4.7 million carats in the second quarter...
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Mining
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Feb 14, 2017
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Rapaport News
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GIA Seeking Diamond Researchers
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The Gemological Institute of America (GIA) is calling on qualifiedresearchers to apply for full-time academic research in mineralogy, geology,physics, materials science and other fields related to gemology. The Richard T. Liddicoat Postdoctoral Research Fellowships at the GIA’s California...
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Polished Markets
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Jan 05, 2017
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Rapaport News
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Gemfields Sees Robust Demand at Ruby Auction
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Gemfields sold $30.4 million worth of rubies and corundum atan auction in Singapore last week as prices indicated a healthy market for gemstones.The company sold 1.1 million carats, out of a total 1.4 million carats offered...
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Gemstones
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Dec 22, 2016
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Rapaport News
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Record Flawless Blue Topaz to Go on Show
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A 9,381-carat topaz will go on display at a London museumnext month.The world’s largest flawless blue topaz is scheduled toappear at the Natural History Museum’s minerals gallery from October 19.Measuring 15 centimeters long and 10.5 centimeters wide and...
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Gemstones
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Sep 28, 2016
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Rapaport News
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Gemfields Boosted by Rising Emerald Demand
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Gemfields’ revenue and profit surged in the past fiscalyear, driven by record prices and successful marketing campaigns to raisedemand for the colored gemstones.Sales jumped 13 percent to $193.1 million and profit aftertax soared 90 percent to $23.5...
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Gemstones
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Sep 26, 2016
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Rapaport News
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Selling Emotion to Luxury Consumers
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Now in its 103rd year, New York-based Oscar Heyman has built a reputation for producing beautiful jewelry, touted as heirloom pieces and often spotted on the red carpet. However, producing top-quality jewelry for high-end...
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Retail
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Jul 28, 2016
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Avi Krawitz
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