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Angola Drops Defamation Charges Against Marques de Morais
Charges of defamation against journalist Rafael Marques de Morais in Angola were dropped on May 21 following an out-of-court settlement. The case stemmed from his 2011 book, "Blood Diamonds: Torture and Corruption in Angola," in which he documented the...
Financial-Legal May 22, 2015 Jeff Miller
Ekati Underground
Dominion Diamond's 1Q Rough Diamond Sales +7%
Dominion Diamond Corp.'s rough diamond sales rose 7 percent year on year to $187.7 million in the first quarter that ended on April 30. Revenue from the company's Ekati diamond mine jumped 37.3 percent to $127.4...
Rough Markets May 22, 2015 Jeff Miller
Rami Baron
Building Relationships in Australia’s Small, Competitive Market
Australia’s diamond trading community is relatively small but it operates in a stable and mature market. The Diamond Dealers Club of Australia (DDCA) aims to facilitate trade between local wholesalers and retailers while representing their needs...
Polished Markets May 22, 2015 Avi Krawitz
Las Vegas Strip
Dealing with Vegas
Expectations are rising for next week’s Las Vegas shows. The various diamond and jewelry trade events that take place each year toward the end of May tend to signal the mood of the...
Polished Markets May 22, 2015 Avi Krawitz
Market Comments 5/21/2015
All eyes on Vegas with rising expectations for JCK Show. Far East demand weak. Polished shortages supporting prices and improving dealer demand as Indian factories close for summer vacation. Rough stable even though cutting center profit remains problematic. Letšeng Jan.-May sales -9%...
Research May 21, 2015
Rapaport TradeWire May 22, 2015
Research May 21, 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 May 21 at 4 p.m. May 21 May 14 Chng. $1 = Euro 0.899 0.876 0.023 $1 = Rupee 63.57 63.38 0.2...
Financial-Legal May 21, 2015 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
POLISHED: Trading is steady with some overseas buyers present and many preparing for Vegas shows. The liquidity situation continues to remain tight. Round -1 point: Good demand: $300-$600 whites & top shades Fair...
Research May 21, 2015 Rapaport News
GJEPC Concludes First India-U.S. Jewelry Business Summit in Chicago
India's Gem & Jewellery Export Promotion Council (GJEPC) wrapped up its first U.S.-focused Jewelry Business Development Conference on May 3 in Chicago that attracted leaders from jewelry retail chains and diamond and diamond jewelry...
Marketing May 21, 2015 Jeff Miller
GIA Grading Report
Rapaport Trade Alert -- Revised
Revised May 21, 2015 … The Gemological Institute of America (GIA) has issued a laboratory alert recalling 424 diamond grading reports. The GIA suspects that the diamond were treated with a process that temporarily...
Polished Markets May 21, 2015 Rapaport
De Beers Places Kimberley Tailings Operation on the Market
De Beers has placed its Kimberley mines tailings operation on the market and has been investigating ways to extend the economic life of the operation, which is located in South Africa. The company stated that over...
Mining May 21, 2015 Jeff Miller
Letseng Mine
Letšeng Sales -9% Between January and May 2015
Gem Diamonds reported that its sales of diamonds from the Letšeng mine in Lesotho garnered $77.1 million at an average price of $2,146 per carat during the first three tenders of the year that took place...
Mining May 21, 2015 Avi Krawitz
hennig logo
Press Release: Fusion Alternatives Appoints Kuchler as CEO
Press Release: Fusion Alternatives announced today that it has appointed David Kuchler as its new CEO and of a joint diamond tender business that is managed and operated by Fusion Alternatives in cooperation with I Hennig & Co....
Polished Markets May 21, 2015 Fusion Alternatives/I Henning
Detectives Quiz Hatton Garden Heist Suspect
(RAPAPORT) Agence France-Presse: London detectives were on Wednesday questioning nine men suspected of a brazen robbery in the jewelry district, a gang with an average age of 59, comprised of two pensioners and a father and son both named...
Financial-Legal May 20, 2015 AFP
EU Flag
E.U. Parliament Backs Mandatory Ethical Sourcing of Minerals
(RAPAPORT) Agence France-Presse: European legislators on Wednesday unexpectedly voted in favor of a law requiring firms to ensure they do not use so-called conflict minerals from Africa and other areas that end up funding warlords.The legislation for...
Financial-Legal May 20, 2015 AFP
Komehyo Opens Showroom in Hong Kong
Komehyo Hong Kong Ltd., a subsidiary of Komehyo Co. Ltd. of Japan, opened a showroom in Hong Kong as part of the company's expansion plans. The new location will offer preowned jewelry, watches, brand named handbags and...
Watches May 20, 2015 Jeff Miller
star orion
Shore Gold to Raise $2M in Private Placement
Shore Gold Inc. intends to raise up to $2 million through a non-brokered private placement of common shares at a price of 20 cents per unit. Each unit will consist of one common share and one common share purchase warrant, with...
Financial-Legal May 20, 2015 Jeff Miller
Hong Kong
Hong Kong Jewelers Consider Opening on the Mainland to Boost Sales
(RAPAPORT) China Daily: Despite falling rents, many luxury retailers in Hong Kong are still facing dwindling sales, forcing some of them to look for opportunities in smaller cities and townships on the mainland.Cindy Yeung, the...
Retail May 20, 2015 China Daily
Rahaminov Diamonds Appoints Regional Sales Manager
Rahaminov Diamonds of Los Angeles appointed Zach Buss as its new southern regional sales director. Previously, Buss was the district manager for Riddles Jewelry in Wyoming. “I am beyond excited to be joining the winning Rahaminov team...
Marketing May 20, 2015 Jeff Miller
gsi image logo
Press Release: GSI Hosts Educational Lunch in Surat
Press Release: Gemological Science International (GSI), one of the largest independently owned gemological laboratory in the world, hosted its first GSI Diamond Community Lunch on May 14, 2015 at The Gateway Hotel in Surat. GSI...
Marketing May 20, 2015 GSI
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