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Rapaport TradeWire February 11, 2016
RAPAPORT NEWS SERVICE | February 11, 2016...
Research Feb 11, 2016 Rapaport
Rapaport Weekly Market Comment
Rounds: Polished trading slows as Chinese buyersvacation over Lunar New Year. Consumer demand slow but steady with concernsthat sluggish global economy and weak stock markets will lead to negativewealth effect. Shortages supporting prices for specific goods which are indemand. Large volume of new...
Polished Markets Feb 11, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Polished trading slowed slightly as Hong Kongand China went on vacation. U.S. demand consistent and supporting the market.Domestic demand cautious with weak rupee (-2.6% to 67.9/$1 in 2016) affectingconfidence and adding to local expenses. IIJS...
Research Feb 11, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
U.S. and European retail stocks had a tough week, with dropsled by Birks Group (-21%), Kohl's (-22%), Damiani (-15.5%) and Charles &Colvard (-14%) as major stock indexes around the world declined. Mining stocksgenerally...
Financial-Legal Feb 11, 2016 Rapaport News
blue nile logo
Blue Nile’s 4Q Sales -5%, Engagement Sales -8%
Blue Nile reported net sales fell 4.8 percent year on yearto $150 million in the fourth quarter that ended January 3 because of continuedweakness in high-ticket purchases and foreign currencies. Selling prices for coreengagement products...
Retail Feb 11, 2016 Rapaport News
Synthetic diamonds
Organized Synthetics
The natural diamond trade should welcome the establishment of the International Grown Diamond Association (IGDA) announced last week even though it may actually serve as a wake-up call for the industry. For years, the...
Polished Markets Feb 11, 2016 Avi Krawitz
Rio Tinto
Rio Tinto’s 2015 Diamond Sales -23% on Lower Rough Prices
Rio Tinto reported diamond revenue slumped 23 percent to$698 million in 2015 as market conditions drove down rough prices. Lower demandfrom India and China, higher rough and polished inventory and lower trademanufacturing margins...
Mining Feb 11, 2016 Rapaport News
Fancy color diamonds
Fancy Color Diamond Prices Rise on Shortages, Strong Holiday Sales
Fancy color diamond prices increased 0.3 percent on average during the fourthquarter of 2015 as better-than-expected holiday sales outweighed sluggish Asiandemand, according to the Fancy Color Diamond Index. Lower supply from diamondproducers have led...
Polished Markets Feb 11, 2016 Rapaport News
Jewelers unBLOCKed
Jewelers unBLOCKed Hires Relationship Executive
Jewelry underwriter JewelersunBLOCKed has appointed Don Saltmarsh as relationship executive to expand thecompany’s program.Saltmarsh, who has 15 years’ experiencein the field, was formerly executive vice president at Cornell Group, a riskmanagement, insurance and human capital...
Financial-Legal Feb 11, 2016 Rapaport News
Antwerp Diamond Trade Fair ADTF
‘Close to 90’ Exhibitors at Antwerp Diamond Trade Fair
Close to 90 exhibitors took part in the Antwerp DiamondTrade Fair (ADTF) in the Belgian city last week amid a “cautious” market,according to the organizers. The number of returning visitors increased, theyclaimed.The organizers claimed the mood was...
Polished Markets Feb 10, 2016 Rapaport News
Fiera Di Vicenza
Italy’s Fiera di Vicenza Mulls Floating on Milan Bourse
The Italian company behind the annual VicenzaOro jewelryshow is considering listing its shares on the Milan Stock Exchange. Fiera di Vicenza’s board of directors told shareholdersit was considering the move at a meeting of investors February 3, according...
Financial-Legal Feb 10, 2016 Rapaport News
Asian Star
Asian Star’s 4Q Revenue -3%, Profit -25%
India-listed Asian Star reported quarterly revenue declined2.6 percent year on year to $101.7 million (INR 6.9 billion) in the threemonths that ended December 31. Profit slumped 25 percent to $2.2 million.Diamond sales slipped 0.5 percent...
Manufacturing Feb 10, 2016 Rapaport News
Pandora Closes 1,422 Unbranded Stores in 2015
Pandora closed 1,422 unbranded stores globally in 2015 andincreased its focus on branded and concept stores, as total revenue for theyear grew 40 percent. The company announced it would increase its annualdividend by 44 percent over 2014...
Retail Feb 10, 2016 Rapaport News
Lucara 1,111 carats
World's Second-Largest Diamond Named ‘Lesedi La Rona’
The 1,111-carat diamondrecovered by Lucara Diamond Corp. in Botswana in November has been named‘Lesedi La Rona’ following a competition among locals to label the gem.The name, which means ‘Our Light,’ was given by ThembaniMoitlhobogi, the winner of a $2,196...
Mining Feb 09, 2016 Rapaport News
‘Know Your Customer’ Database of 250M Companies Available Free to Antwerp Traders
The Antwerp World Diamond Centre will offer a free ‘know-your-customer’database to all Belgian diamond traders for a one-year trial period. Data available will comprise identification details such as shareholder structures, any beneficiaries and names...
Technology Feb 09, 2016 Rapaport News
Sissy Jones, Sissy's Log Cabin
WJA Names 2016 Hall of Fame Honorees
The Women’s Jewelry Association hasnamed its Hall of Fame honorees for the association’s annual Awards forExcellence gala scheduled for July 25 at the Hammerstein Ballroom in New York.Sissy Jones, owner of Sissy's Log Cabin, will...
Marketing Feb 09, 2016 Rapaport News
Ruth Batson AGS
Ruth Batson to Retire as American Gem Society CEO
Ruth Batson, chief executive officer ofthe American Gem Society (AGS) and AGS Laboratories, will retire after 23years, with her departure scheduled for the summer of 2017.The AGS board of directors will form...
Polished Markets Feb 09, 2016 Rapaport News
International Institute of Diamond Grading & Resea
De Beers to Launch Non-Forevermark Grading from U.K. Lab
De Beers will offer grading of non-Forevermark diamondsfrom its U.K. laboratory for the first time from March 1 as the company expandsa service currently existing in Antwerp and Surat.Theminer’s research company, International Institute of Diamond Grading...
Polished Markets Feb 09, 2016 Rapaport News
Lucara Diamond
Lucara to Hold This Year’s First Exceptional Stone Tender in April
Lucara Diamond Corp. will hold its firstexceptional stone tender of 2016 from April 4 to 13 in Gaborone, Botswana. Thetender will feature ten diamonds with a combined weight of 1,525 carats,including a 296-carat, type-IIa gem.The event will not...
Mining Feb 09, 2016 Rapaport News
jtv gem-a
Gem-A Seeks CEO to ‘Spearhead’ Growth
TheGemmological Association of Great Britain (Gem-A) is seeking a chief executiveofficer to “spearhead” growth of the U.K. teaching institute.The successful applicant will have proven management skills and a highlevel of experience in gemology or a closely related field, the organizationsaid...
Polished Markets Feb 09, 2016 Rapaport News
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