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Rapaport TradeWire October 27, 2016
RAPAPORT NEWS SERVICE | October 27, 2016...
Research Oct 27, 2016 Rapaport
Kering Reports Higher Jewelry Brand Sales
Luxury group Kering said sales at two keyjewelry brands increased in the third quarter boosted by new lines.Jewlery brands Boucheron and Pomellato bothgenerated “double-digit” growth, the Paris-headquartered company reported. “Boucheron performed well in both...
Retail Oct 27, 2016 Rapaport News
Rapaport Weekly Market Comment
Markets quiet with New York, Antwerpand Israel returning from Jewish holidays and India closing for Diwalifestivals. Polished prices relatively stable since September HK show butoverall demand relatively weak and inventories high. Rough trading active withpercentage increases due to low sales last year....
Polished Markets Oct 27, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
Stornoway Diamond (+11%) led mining stocks over the past two weeks as its Renard mine opened in Canada. Petra Diamonds (+10%) was also boosted by strong production figures. In the U.S., retail stocks were...
Financial-Legal Oct 27, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Market gearing up for Diwali with businesses closing, reopening Nov. 7-9. Cutting factories to shut for up to 3 weeks. Trading slow. Weak demand and growing inventories putting prices under pressure. Rough flooding market as Sept....
Research Oct 27, 2016 Rapaport News
Lucapa Lulo XRT
Lucapa Targets 1,100ct. Diamonds with New Tech
Lucapa Diamond Company said it started commissioningof XRT processing technology modules that enable discovery of supersized stonesat its Lulo mine in Angola.The machinery, with larger, 55 millimeterscreens, provides capacity to produce rough diamonds weighing up to 1,100carats....
Mining Oct 27, 2016 Rapaport News
Bharat Diamond Bourse
India’s Polished Diamond Exports Jump
India’s polished diamond exports rose 30 percent to $2.5billion in September, according to provisional data provided by the Gem &Jewellery Export Promotion Council. By volume, polished exports declined 4percent to 3.2 million carats. Polished imports fell 21 percent...
Polished Markets Oct 27, 2016 Rapaport News
luk fook
Luk Fook Sales Decline Steepens
Luk Fook’s same-store retail sales acceleratedtheir quarterly decline to 37 percent as gold salesplummeted from a high base amid “sluggish” consumer sentiment.Sales of the yellow metal by the retailer slumped 47 percentin the second fiscal quarter that...
Retail Oct 27, 2016 Rapaport News
Ahmed Bin Sulayem
KP Wants Industry to Fund Civil Society Attendance
Diamond industry members participating in Kimberley Process(KP) activities will be required to pay twice so that a non-profit group canalso attend, under plans put forward by the KP chair.Anyone from the trade attending a review visit, mission ormeeting...
Fair Trade Oct 26, 2016 Rapaport News
Gahcho Kue
Canada’s Gahcho Kué Mine Yields 50ct. Diamond
Mountain Province will sell a 50.25-carat gem-qualitydiamond from the new Gahcho Kué mine in January, the largest stone yet from theCanadian project.Three fancy yellow diamonds weighing between 3 carats and 5carats will also...
Mining Oct 26, 2016 Rapaport News
Buffett’s Richline Buys Silver Jewelry Seller Silpada
Richline Group snapped up Silpada Designs, marking the BerkshireHathaway-owned jewelry subsidiary’s fourth acquisition this year.Silpada was founded by stay-at-home mothers and grew into“the world’s largest home party seller of sterling silver jewelry,” Richlinesaid....
Retail Oct 26, 2016 Rapaport News
Lucapa 172ct
Lucapa to Sell 172ct. Rough Diamond Next Month
Lucapa Diamond Company said it will offer a 172-carat and a104-carat diamond at its next sale of production from the Lulo mine in Angolain mid-November.Both stones are type-IIa, D-color rough diamonds and were recoveredin September....
Mining Oct 26, 2016 Rapaport News
baume mercier
Swiss Watch Exports Weighed Down by HK
Exports of Swisswatches declined in September as shipments to Hong Kong suffered theirsteepest drop in 20 months.Timepiece orders fell 5.7 percent to $1.72 billion (CHF 1.71billion), dragged down by a 40 percent dive in exports to Hong Kong to $188.4million. This outweighed a 4.7...
Retail Oct 25, 2016 Rapaport News
Cullinan mine Petra
Petra Diamonds Production Rises 30%
Petra Diamonds said output jumped in the first fiscal quarteras mining grades were higher.Rough diamond production grew 30 percent to 1.1 million carats inthe three months that ended September 30 because of increased contribution from“undiluted...
Mining Oct 25, 2016 Rapaport News
Alluvial Mining Rough
Civil Society Member Returns to KP Fold
Non-profit group CENADEP will attend this year’s KimberleyProcess (KP) plenary next month after the KP chair urgedthe Civil Society Coalition to end its boycott.The Democratic Republic of Congo-based organization said itrecognized the progress...
Fair Trade Oct 25, 2016 Rapaport News
Jwaneng Mine, Botswana
De Beers Sales Volume Jumps After Market Recovery
De Beers total rough diamond sales grew 77 percent by volumein the third quarter, reflecting improved trading conditions compared with aslump in demand a year ago.The miner said it sold 5.3 million carats in the threemonths that...
Mining Oct 25, 2016 Rapaport News
Argyle Mine Processing Center
Rio Tinto Cuts Diamond Production Outlook
Rio Tinto lowered the top end of its diamond outputguidance for this year even as production increased in the third quarter.The miner expects to produce between 18million and 20 million carats, compared with an earlier forecast...
Mining Oct 20, 2016 Rapaport News
Diavik Mine
Diavik Output Rises 22% as Volume, Grades Climb
Diamond production from the Diavik mine in Canadajumped 22 percent in the third quarter as processing volumes and recoveredgrades both increased, Dominion Diamond Corporation reported.Output rose to 1.54 million carats in thethree months that ended September...
Mining Oct 20, 2016 Rapaport News
Stornoway Launches Renard Mine in Quebec
Stornoway Diamond Corporation said the Renard Diamond Minein Canada officially opened at a ceremony held Wednesday after two decades ofdevelopment.The launch “marks the culmination of approximately 20 yearsof work to bring the Renard project from...
Mining Oct 20, 2016 Rapaport News
ALROSA International Underground Mine
ALROSA’s Rough Diamond Sales Jump 73%
ALROSA’s sales grew by more than half in terms of value andvolume in the third quarter, the Russian miner said in a preliminary tradingupdate.Rough diamond revenue climbed to "at least" $976 million inthe three months that ended...
Mining Oct 20, 2016 Rapaport News
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