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AWDC
Press Release: Belgian Court Order Executed As Diamonds Return To Zimbabwe
Press Release: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining...
Financial-Legal Mar 29, 2015 AWDC
Marange Rough
Zimbabwe's Diamond Exports Decline in 2014
(RAPAPORT) All Africa: Zimbabwe's annual diamond exports declined to 5.9 million carats last year from 8.9 million carats in 2013 after exhaustion of alluvial diamonds in Marange, figures from the Mineral Marketing Corporation of Zimbabwe...
Rough Markets Mar 29, 2015 All Africa
AWDC
Turkish Diamond, Jewelry Trade Delegation to Visit Antwerp in May
The Antwerp World Diamond Center (AWDC) organized a Turkish Visitor Program, in collaboration with HRD Antwerp and the Borsa Istanbul, for May 4 to 7 during which a top delegation of Turkish diamond jewelers, jewelry wholesalers and...
Marketing Mar 27, 2015 Jeff Miller
lovisa
Lovisa Acquires 21 Locations in South Africa
Fashion jeweler Lovisa Holdings Ltd. acquired 21 retail stores in South Africa for $1.6 million (AUD 2 million), more than doubling its retail footprint, and it plans to rebrand most of the shops upon takeover on April...
Retail Mar 27, 2015 Jeff Miller
jewelers security
Jewelers Mutual, Jewelers Security Alliance Schedule Two Safety Webinars
Jewelers Mutual Insurance and the Jewelers Security Alliance (JSA) will provide an overview of 2014 jewelry crime statistics and analysis of trends in criminal activity targeting jewelry businesses during two free webinars in April. JSA's...
Research Mar 27, 2015 Jeff Miller
Botswana Diamonds
Teeling Says Diamonds Shine in a Resource World Filled With Gloom
Botswana Diamonds reported a loss of $221,000 (GBP 149,000) for the six months that ended on December 31, which was down from a loss of $350,000 (GBP 235,000) one year earlier. The company's chairman, John...
Mining Mar 27, 2015 Jeff Miller
stellar diamonds
Stellar Diamonds Narrows Loss, Seeks to Raise $20M
Stellar Diamonds reported a loss of $934,928 for the six months that ended on December 31, compared with a loss of $1.55 million one year earlier, primarily due to lower administrative costs. During the fiscal period,...
Mining Mar 27, 2015 Jeff Miller
star orion
Shore Gold Narrows Loss in 2014
Shore Gold Inc. recorded a loss of $3 million for the financial year that ended on December 31, compared with a loss of $5.6 million in 2013. Losses were primarily due to ongoing operating costs and exploration and...
Financial-Legal Mar 27, 2015 Jeff Miller
dgse
DGSE Closes Quarter With a Profit of $272K
DGSE Companies Inc. reported that revenue fell 13 percent year on year to $18.1 million in the fourth quarter that ended on December 31. Nonetheless, DGSE stated that it continues to experience growth across its jewelry business,...
Financial-Legal Mar 27, 2015 Jeff Miller
Kenneth cole
Kenneth Cole Introduces Smartwatch Collection
Kenneth Cole and the Geneva Watch Group launched the Kenneth Cole Connect™ Smart Watch Collection, joining the wearable technology craze. This smartwatch will be available in stores beginning April 2015. "As a designer,...
Watches Mar 27, 2015 Jeff Miller
Koffiefontein Diamond
Realigning Inventory
The middle of the diamond distribution chain is struggling to align itself with new, lower levels of wholesale demand. The result is that manufacturers and polished diamond dealers continue to be squeezed despite growth in consumer demand. Therefore,...
Polished Markets Mar 27, 2015 Avi Krawitz
Erik Jens
Diamond Industry Lacks Bankability, Not Liquidity
ABN Amro has been a major lender to the midstream diamond industry over the past century. More recently, the group has called on the diamond industry to improve its “bankability” as banks tighten their lending...
Financial-Legal Mar 27, 2015 Avi Krawitz
Market Comments 3/26/2015
Warning: De Beers $700M March sight destabilizing the market as it severely reduces liquidity and increases supply, while polished demand slumps due to weak currencies, Chinese crackdown and lower oil prices. Sightholders over-buying rough to ensure future supply ahead of April 1 new De Beers contract. Trade is advised...
Research Mar 26, 2015
Rapaport TradeWire March 27, 2015
RAPAPORT NEWS SERVICE | March 27, 2015...
Research Mar 26, 2015 Rapaport
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes for the week that ended on March 26 at 4 p.m. Mar. 26 Mar. 19 Chng. $1 = Euro 0.918 0.939 -0.021 $1 = Rupee 62.84 62.52 0.3...
Financial-Legal Mar 26, 2015 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
POLISHED: Overall activity remains slow . There are many overseas buyers in the market. Sentiment remains cautious. Liquidity remains tight due to financial year ending. Round -1 point: Good demand: $300-$500 whites. Fair demand:...
Research Mar 26, 2015 Rapaport News
fairtrade gold
Press Release: Interest in Fairtrade Gold Blossoms in 2015
Press Release: Enough gold to make over 3,700 Fairtrade gold wedding rings has arrived in the U.K. this month. The shipment, weighing 15 kg, was received by CRED Jewellery and marks the third month...
Fair Trade Mar 26, 2015 Fairtrade Foundation
ICA President Yuen
Press Release: ICA Creates Incentives to Attract Young Members
Press Release: The International Colored Gemstone Association (ICA) encourages younger members of the international colored gemstone industry to join, so it has reduced their fees and it will be taking further steps to develop a new, younger generation...
Gemstones Mar 26, 2015 ICA
BaselWorld
Baselworld's Buyer Attendance Declines 3%
Organizers of Baselworld stated that the number of buyers at the show declined 3 percent compared with 2014. Still, overall attendance was at 150,000, with participants arriving from more than 100 countries. During the eight-day-long...
Marketing Mar 26, 2015 Jeff Miller
alrosa
ALROSA Approves Verkhne-Munskoye Development Plan
ALROSA’s executive committee approved the development of the Verkhne-Munskoye field during the first half of this year. The project involves building a new diamond mining enterprise, anticipates an annual capacity of 3 million tons of ore and...
Mining Mar 26, 2015 Jeff Miller
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