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Rapaport Calls for Resignation of De Beers CEO
PRESSRELEASE, November 24, 2015, New York … The Rapaport Group has today released animportant article “Rough Bubble Bust” by Martin Rapaport. It is available at http://www.diamonds.net/Docs/Alerts/Rapaport_RoughBubbleBust_112415.pdf.The articledetails how and why rough diamond prices have been...
Rough Markets Nov 24, 2015 Rapaport
ja trade show
JA New York Appoints Judy Karlin-Grant Retailer Liaison Chief
Jewelryshow organizer JA New York has hired Judy Karlin-Grant as head ofretail liaison for its shows. Karlin-Grant will be responsible for leading the group's ‘hosted buyer’ programand will be the main point of contact for...
Retail Nov 24, 2015 Rapaport News
Signet Jewelers
Signet Jewelers 3Q Earnings Miss Expectations
Signet Jewelers reported that third-quarter earnings were below expectations as sales were driven by lower-margin Kay stores and lower prices at Zales. Mark Light, Signet’s chief executive officer, noted that earnings were affected...
Retail Nov 24, 2015 Rapaport News
tiffany store
Tiffany’s 3Q Revenue -2% As Strong Dollar Mutes Sales
Tiffany & Co said sales declined 2 percent to $938.2million in the third quarter that ended October 31, with the strong U.S. dollarhampering reported revenue figures. In the nine months to October, salesdecreased 2 percent to $2.9 billion and...
Retail Nov 24, 2015 Rapaport News
Chow Tai Fook
Chow Tai Fook’s 1H Revenue -4%, Profit -43% As Hong Kong Slumps
Chow Tai Fook reported that sales fell 4 percent to $3.6billion (HKD 28.1 billion) in the six months that ended September 30 due toweak consumer sentiment in Hong Kong and Macau and declining numbers oftourists...
Retail Nov 24, 2015 Rapaport News
IDC Website
IDC Unveils New Website to Aid Grasp of Diamond Terminology
The International Diamond Council(IDC), a trade body that formulatesglobally recognized standards for diamond grading and nomenclature, has launched a new website to aid users’understanding of naming diamonds and terminology. The site enables downloading the...
Polished Markets Nov 23, 2015 Rapaport News
Jewelers of America
Jewelers of America Certifies 133 Industry Professionals This Year
Jewelersof America (JA), a national trade associationfor businesses serving the fine jewelry marketplace,certified 133 professionals this year from areas such as sales, management andbench jewelry. Thecertification adds competitive edge to participating retails stores...
Retail Nov 23, 2015 Rapaport News
silver jewelry
Silver Supply Will Drop in 2015 as Output Growth to Hit 13-Year Low
Silver supplywill dive 3 percent this year as production is predicted to grow at its slowestpace in 13 years following weaker demand from the jewelry and electronicsindustries and China, according to a forecast from Thomson Reuters. Bullion coinsales jumped...
Research Nov 23, 2015 Rapaport News
alrosa sm
ALROSA Revises Sales Budget, Keeps Production Plan Unchanged
ALROSA,the world’s largest producer of rough diamonds in terms of carats, “revised”its sales budget to reflect changes in the diamond market and macroeconomicfactors, it said in a statement after a supervisory meeting last week. TheRussian miner, which cited the...
Mining Nov 23, 2015 Rapaport News
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De Beers Shareholders to Meet This Week on Diamond Prices
De Beers shareholders will meet November 26 to discuss diamond prices, Botswana Minerals, Energy and Water Resources Minister Kitso Mokaila said. Speaking today at a conference in Gaborone, the minister said “diamond prices have been coming...
Rough Markets Nov 23, 2015 Rapaport News
DiamondCorp Resumes Drilling at Lace Mine in South Africa
DiamondCorp resumedtunneling at its Lace mine in South Africa almost two weeks ahead of scheduleafter an earlier delay to drilling at the site.Developmentis focused on the high-grade K4 kimberlite, the miner said in a statementNovember 20. It follows successful installation of steel-arched...
Mining Nov 23, 2015 Rapaport News
De Beers Logo
De Beers Sets Dates for 2016 Sights
DeBeers has announced the dates of its sights in 2016:Sight1: Monday January 18 – Friday January 22Sight 2: Monday February 22 – Friday February 26Sight 3: Monday April 4 – Friday April 8Sight 4: Monday May 16 – Friday May 20Sight 5: Monday June...
Rough Markets Nov 23, 2015 Rapaport News
Queen Nazli Sotheby's necklace
Sotheby’s to Auction $4.6M Diamond Necklace in New York Next Month
Sotheby's will auction a platinum and diamond necklacecreated for Queen Nazli of Egypt, estimated at $3.6 million to $4.6 million, inNew York next month.The bib-style piece set with 217 carats of diamonds in a‘sunburst’ motif was...
Retail Nov 22, 2015 Rapaport News
birks mayors
Birks Group’s 1H Revenue -4%, Same-Store Sales +3%
Birks Group’s sales fell 4 percent to $134 million year on year inthe six months to September 26, mainly because of unfavorable foreign exchangerates, the Canadian jewelry retailer said November 20.Excluding a $10.2 million adjustment attributable...
Retail Nov 22, 2015 Rapaport News
Dominion Diamond Corporation
Dominion Sales -53% As Average Price Drops at Ekati Mine
Dominion Diamond Corporation’s revenue slumped 53 percent to$145 million year on year in the third quarter that ended October 31. In volume terms,sales fell 31 percent to 795,000 carats and the average price slid 25 percentto $145...
Mining Nov 22, 2015 Rapaport News
Botswana Diamonds
Botswana Diamonds Cuts Loss 64%, Reports ‘Significant Advances’
Botswana Diamonds trimmed its losses by 64 percent to $568,511(GBP 372,502) in the full year to June 30, the Irish miner reported in astatement November 19. The exploration group has not made any sales to date. Itmines...
Mining Nov 22, 2015 Rapaport News
DPA Hires Creative Agency to Make Diamonds Appeal to Millennials
The Diamond Producers Association (DPA) has hired a New Yorkcreative agency to work with it on kick-starting the appeal of diamonds toyoung people.The DPA, a consortium of miners including ALROSA, De Beersand Rio Tinto, has appointed Mother New...
Marketing Nov 22, 2015 Rapaport News
Peregrine Diamonds
Canada’s Peregrine Diamonds Unveils $7M Rights Issue to Fund Mining Projects
PeregrineDiamonds has announced a $7 millionrights issue to finance the remaining work on its Chidliak mining project at Nunavutin Canada and exploration in Botswana.TheCanadian miner’s rights issue will run from November 30 to January 26, it saidin a statement November...
Mining Nov 22, 2015 Rapaport News
Rapaport TradeWire November 19, 2015
RAPAPORT NEWS SERVICE | November 19, 2015...
Research Nov 19, 2015 Rapaport
Market Comments
Polished trading improves slightly, supported by shortages and U.S. holiday demand. Retailers discounting with Amazon offering 70% on fashion jewelry and Macy’s 30% on engagement rings for Black Friday. U.S. Oct.price index for jewelry -1%. India’s Diwali jewelry sales moderate. HK jewelers under pressure...
Research Nov 19, 2015
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