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Mwana Africa Plc
Mwana Africa To Raise $5.6M For Klipspringer Mine Work
Miner Mwana Africa PLC on Wednesday said it is planning to raise $5.6 million (GBP 3.67 million) in an open offer to back work at the Klipspringer diamond mine in South Africa, Alliance News reportsMwana will issue 367.6 million...
Mining Sep 02, 2015 Alliance News
Hatton Gardens Front
Burgled Hatton Garden Jewelry Vault Firm Closing
The London safe deposit box company that was burgled over Easter weekend 2015 has gone into liquidation, U.K.’s Sky News reported. Hatton Garden Safe Deposit issued a statement saying it had gone...
Manufacturing Sep 02, 2015 Sky News
lazare kaplan
Lazare Kaplan Postpones SEC Filings as Loan Claims Continue
Lazare Kaplan International has delayed the filing of its annual report for fiscal 2015 with the U.S. Securities and Exchange Commission, according to a notice from the agency. The New York-based diamond manufacturer...
Financial-Legal Sep 02, 2015 Rapaport News
PCJ
India’s Flipkart Ties Up With PC Jeweller
(RAPAPORT) E-commerce retailer Flipkart is partnering jewelry retailer PC Jeweller to create an online shopping platform, according to daily The Hindu. The focus will be on replicating the shopper’s bricks-and-mortar experience at a PC Jeweller's large format showroom, according to the...
Retail Sep 02, 2015 The Hindu
Plukka
Hong Kong's Plukka Sets $7 Million IPO to Fund U.S. Expansion
Hong Kong jeweler Plukka will list its shares in Australia as it raises $7.1 million (AU$10 million) to expand into the U.S., according to Chief Executive Officer Joanne Ooi.Plukka is set to be listed on the Australian Stock Exchange...
Retail Sep 02, 2015 Rapaport News
ISO
BDI Says ISO CVD Standards Don’t Meet Expectations
The International Organisation for Standardisation's (ISO) new guidelines for lab-grown diamonds don’t meet the organization’s traditional standards and nor suggest best industry practices, the Better Diamond Initiative (BDI) said on its...
Technology Sep 02, 2015 Rapaport News
melee
HRD to Intro Melee Screening Unit at Hong Kong Show
HRD Antwerp will introduce an automated melee screening device, known as M-Screen, on September 17 at the Hong Kong Jewellery & Gem Fair, according to an announcement by the diamond certification lab.The machine was developed in a venture with Belgium’s...
Technology Sep 02, 2015 Rapaport News
alrosa sm
ALROSA May Cut Diamond Prices Again as Orders Fall Short
Russian diamond miner ALROSA may cut prices again in the second half of the year after already lowering them by 6 percent earlier in 2015, chief financial officer Igor Kulichik said during a conference call with...
Mining Sep 02, 2015 Rapaport News
Conflict
U.N. Panel Highlights Cameroon's Role in Illicit Diamond Trading
(RAPAPORT) Illicit trafficking of diamonds from Central African Republic (CAR) into neighboring Cameroon is helping finance the continuation of a nearly three-year conflict, an expert panel that monitors U.N. sanctions said in a confidential report, according to various...
Fair Trade Sep 02, 2015 FirstPost
IDW Intl Week
IDE Officially Opens International Diamond Week
The Israel Diamond Exchange (IDE) officially opened its fifth International Diamond Week on Monday. The event features more than 300 Israeli exhibitors and hundreds of buyers and exhibitors from 20 countries, including Belgium,...
Manufacturing Sep 01, 2015 Rapaport News
Atlas
Dubai Jeweler Atlas Defaults on $136M in Loans
Atlas Jewellery, a Dubai-based gold and jewelry retailer, has defaulted on loans worth about $136.2 million (500 million dirhams), with banks considering options including legal action to retrieve the money, according to various news...
Retail Sep 01, 2015 Rapaport News
GIA
GIA Plans 2016 Opening for Synthetic Research Center
GIA expects to open a diamond synthesis facility in New Jersey in January, Tom Moses, GIA executive vice president and chief laboratory and research officer, told participants at Israel’s International Diamond Week on Sunday.The site is planned...
Manufacturing Sep 01, 2015 Rapaport News
Sierre Leone
U.S.-Belgian Dual National Arrested for Alleged Role in “Blood Diamonds” Trade
Michel Desaedeleer, an American and Belgian citizen, was arrested in Spain last week, pursuant to an European arrest warrant, according to NGO Civitas Maxima. He is suspected of having participated, with former Liberian President Charles Taylor and the...
Fair Trade Aug 31, 2015 Rapaport News
Yellow Diamond
Sotheby’s Sets October Hong Kong Sale of Magnificent Jewels and Watches
Sotheby’s will include a selection of top-quality diamonds, natural colored gemstones and watches at its Autumn sale in Hong Kong, according to a company announcement.Among the items in the Magnificent Jewels and Jadeite sale on October 7 is a 41.65-carat internally...
Gemstones Aug 31, 2015 Rapaport News
Movado
Movado Shows 2Q Sales Gain
Movado Group, Inc. said revenue in the second quarter increased 1.4% to $145.6 million compared to $143.6 million in the second quarter of fiscal 2015. Net sales on a constant dollar basis increased 6.1% compared to net sales...
Watches Aug 31, 2015 Rapaport News
Lovisa Logo
Australia’s Lovisa Eyes Further Global Expansion
(RAPAPORT) Jewelry retailer Lovisa says its overseas stores are becoming the chain’s top outlets and it has plans for further global expansion, according to daily The Australian. Australia is its main market, but...
Retail Aug 31, 2015 The Australian
alrosa
ALROSA 2Q Sales Up 20%
Russian Miner ALROSA’s sales in the second quarter rose 20 percent to $875.8 million (RUB 57.3 billion) versus the comparable period last year, according to a company announcement on August 28. For the first half of the...
Mining Aug 30, 2015 Rapaport News
Alrosa rough
Alrosa Unit Diamonds Go Missing at Gokhran
Severalmaz, the mining unit of Alrosa, said that some of the 150,000 carats of diamonds it gave to Gokhran for sorting were swapped with cheaper, inferior quality diamonds, Russian daily Kommersant reported, citing unidentified people...
Rough Markets Aug 30, 2015 Rapaport News
Botswana Flag
Moody's Sees Wider Botswana Deficit on Diamonds Downturn
Botswana's budget deficit for fiscal 2016 may be much wider than the projected 2.6 percent due to the slowdown in the diamond market, credit rating agency Moody’s said on August 27. Earlier, Botswana's Finance...
Mining Aug 30, 2015 Rapaport News
Market Comments 8/27/2015
Polishedtrading cautious as financial markets tumble. De Beers restarts genericmarketing spend to restore U.S., China holiday sales growth, drops prices 8-10%at $250M Aug. sight. Cutters hope cheaper rough will enable profitable 4Qseason but trading is still restrained. Signet 2Q sales +15% to $1.4B, profit+7% to 62M. Tiffany...
Research Aug 27, 2015
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