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U.S. Oct. Jewelry & Watch Sales +2% to $5.3B
U.S. jewelryand watch sales from all retail outlets increased 2 percent year on year to anestimated $5.29 billion in October, according to provisional governmentfigures.The sector’stotal for previous months was revised, as is often the case, resulting in therate...
Retail Nov 29, 2015 Rapaport News
GJEPC and BDB Set Detecting Synthetics Seminar
India’s Gem & Jewellery Export Promotion Council (GJEPC) and the BharatDiamond Bourse (BDB) are teaming to share how to use new technology to detectsynthetics.The Diamond Detection Expo and Symposium, December 15 and 16 in Mumbai,will display...
Polished Markets Nov 29, 2015 Rapaport News
Alrosa rough
ALROSA Mulls Production Cut in 2016
ALROSA may reduce production in 2016 as its rough diamond inventory is at a critical level in a weak market. “Currently,our inventory stands in excess of 20 million carats and increasing inventoryfurther would not be feasible for the company, or it would be difficulteconomically,”...
Rough Markets Nov 29, 2015 Rapaport News
NRF - Black Friday
In-Store Black Friday Sales Decline But Online Improves: Early Data
In-store sales on Thanksgiving and Black Friday slipped from last year, but online and mobile sales surged, according to some early data following the annual U.S. retail bonanza.Sales across the two days...
Retail Nov 29, 2015 Rapaport News
Petra Diamonds pink
Petra Finds 23-Carat Pink Diamond in Tanzania
PetraDiamonds has recovered a 23.16-carat pink diamond of “exceptional color andclarity” from the Williamson mine in Tanzania.The gem isthe most significant recovery by Petra from Williamson to date and an exampleof the high-quality pink diamonds for...
Mining Nov 29, 2015 Rapaport News
Rapaport TradeWire November 26, 2015
RAPAPORT NEWS SERVICE | November 26, 2015 &nb...
Research Nov 26, 2015 Rapaport
India Arch
Rapaport Weekly Indian Market Report
Trading slowly returning to normal after Diwali with manufacturers expected to return next week. SI-I2 demand strong for U.S. market with some improvement in VS diamonds. Suppliers holding firm prices for confirmed orders but...
Research Nov 26, 2015 Rapaport News
luk fook
Luk Fook’s H1 Revenue -8%, Profit -43% Amid Hong Kong Tourist Slowdown
Luk Fook Holdings International Limited reported revenuedeclined 7.7 percent to $898.6 million (HKD 5.4 billion) in the six months toSeptember 30 as a result of the Chinese downturn and a weak Hong Kong tourismindustry.Slowing growth in mainland China,...
Retail Nov 26, 2015 Rapaport News
Rapaport Weekly Market Comment
Rapaport calls for resignation of De Beers CEO and 30-50% rough price cut to inject liquidity and profits into diamond trade. De Beers stops buying and paying Botswana for rough, 2H15 De Beers rough sales expected to plummet at least 60%, possibly 70% Y/Y. (See Rough Bubble...
Research Nov 26, 2015
NRF - Black Friday
Early Black Friday Figures Not Reliable Indicator of Actual Sales
Early Black Friday figures claiming to signal how well the holiday period is progressing should be ignored as initial numbers fail to accurately predict the actual sales, according to FiveThirtyEight.com.First round of news stories on Thursday evening or Friday...
Retail Nov 26, 2015 Rapaport News
How Botswana Will Find Independence
Fifty years on from independence, Botswana still finds itself in desperate need of improvements in its economic diversity. Its unsustainable reliance on diamonds is the reason why.That much was evident at an industry conference held this past week in Gaborone. Diamonds have done a lot of good for the country over...
Research Nov 26, 2015 Avi Krawitz
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
Mining stocks wereled by a surge by Lucara Diamond Corp. (+28%) following its discovery of thesecond largest diamond in history. Dominion Diamond Corporation fell 9% ondisappointing third-quarter results. North American retailers Birks Group(+27%) and Tiffany (+9%)...
Financial-Legal Nov 26, 2015 Rapaport News
Graff Diamonds prohibition ring
Graff Debuts Ring Collection Inspired by ‘Thrill’ of Prohibition-Era Parties
Graff Diamonds has introduced a ring designinspired by America’s flamboyance in the 1920s and the excitement of alcohol-ladensecret parties of the prohibition era in the U.S.Rings inthe new collection feature a dome consisting of layers of diamonds in a swirl,with an elevated...
Retail Nov 26, 2015 Rapaport News
Majority of Diamonds in GIA Hacking Case Still Not Returned
Only 175 of the 1,042 diamonds whose Gemological Institute of America (GIA) reports were invalidated last month following a hacking incident have been returned for examination, the organization said.“It is imperative that all of the...
Polished Markets Nov 26, 2015 Rapaport News
Paragon Diamonds
Paragon’s Nominated Adviser Quits as London Shares Remain Suspended
Paragon Diamonds, listed on London’s Alternative Investment Market, announced its nominated adviser and broker resigned with immediate effect following the suspension of trading in the miner’s shares earlier this month. Northland Capital Partners...
Mining Nov 26, 2015 Rapaport News
Zimbabwe Flag
Zimbabwe Government Urged to Float Consolidated Diamond Company
A co-ordinatorof the Kimberley Process Civil Society Coalition for Zimbabwe has called on thegovernment to float the soon-to-be set-up Zimbabwe Consolidated Diamond Company (ZCDC) as the move would strengthentransparency and accountability, the NewsDay reported.ZCDCis...
Mining Nov 26, 2015 Rapaport News
Namibian Diamond Factories Decimated in Downturn, Mining Minister Says
NineNamibian diamond-cutting and polishing factoriesout of 13 have shut down over the last few years because of a downturn in the industryacross the world, The Namibian cited the nation’s minister for mines and energy Obeth...
Manufacturing Nov 25, 2015 Rapaport News
Amnesty Logo
WDC Seeks Amnesty’s Help to Resume Trade with Central African Republic
WorldDiamond Council’s president Edward Asscher called on Amnesty International toreturn to the Kimberley Process (KP) and help resumediamond trading with the Central African Republic. The country has been suspended from the KP since...
Fair Trade Nov 25, 2015 Rapaport News
alrosa sm
ALROSA 3Q Sales -3.5%, Loss Widens 47%
ALROSA reported revenue decreased 3.5 percent to $619.4million (RUB 40.6 billion) in the third quarter that ended September 30. TheRussian miner’s loss increased 47 percent to $231.2 million, driven partly bythe depreciation of the ruble...
Mining Nov 25, 2015 Rapaport News
Kim Kardashian
Kim Kardashian Wants Diamond Choker As ‘Push Present’
Celebrity Kim Kardashian has requested a Lorraine Schwartzdiamond choker as a ‘push present’ – a post-pregnancy gift from husband KanyeWest.“Do you guys believe in a pushpresent? I never did, but all of my friends do! We have the funniest e-mailchains discussing...
Retail Nov 25, 2015 Rapaport News
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