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Rapaport TradeWire August 25, 2016
RAPAPORT NEWS SERVICE | August 25, 2016...
Research Aug 25, 2016 Rapaport
Rapaport Weekly Market Comment
Far East markets waking up withincrease in activity as dealers prepare for Hong Kong show. Far East demand forlarger 3 to 8 ct. stones getting more attention with D-F, IF-VVS goodsbecoming more interesting after price declines in recent months. U.S. marketuncertain with some action in New York during...
Polished Markets Aug 25, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
Michael Hill (+11%) gained on strong sales results, while BlueNile (+10%) and Charles & Colvard (+19%) both enjoyed strong weeks despitethe Dow Jones index falling 0.5%. Share prices were recorded before...
Financial-Legal Aug 25, 2016 Rapaport News
Diamcor Aims to Raise $4M for South Africa Project
Diamcor Mining plans to raise $3.9 million (CAD 5 million)through a private placement to acquire equipment and materials needed toadvance its Krone-Endora at Venetia project in South Africa.The miner plans to place up to 4,545,455 “units” at $0.85(CAD 1.10) each,...
Mining Aug 25, 2016 Rapaport News
Mark Light Signet
Private Equity Firm Invests $625M in Signet
Signet Jewelers announced a $625 million investment fromprivate equity firm Leonard Green & Partners (LGP).LGP will make the investment by buying convertible preferredshares, with the proceeds going to finance a repurchase of up to $625 millionin common...
Retail Aug 25, 2016 Rapaport News
Tiffany Blue Box
Tiffany’s Declining 2Q Sales Miss Estimates
Tiffany & Co.’s revenue fell in the fiscal second quarter amid a challenging global environment that hit consumer spending in the company’s key markets. Comparable store sales dropped 8 percent over the three months...
Retail Aug 25, 2016 Rapaport News
India Diamond Week
India Diamond Week Draws Big Visitor Numbers
More than 60 exhibitors and “several hundred” buyersattended the fifth India Diamond Week at the Diamond Dealers Club (DDC) of NewYork this week.The event, organized by the DDC and India’s Gem &Jewellery Export Promotion...
Polished Markets Aug 25, 2016 Rapaport News
Ahmed Bin Sulayem
Dubai Probing Rough Diamond Values
From the get go, the United Arab Emirates’ (UAE) chairmanship of the Kimberley Process (KP) had a fair share of controversies as civil society, and a number of member states, expressed their concern with seating the...
Rough Markets Aug 25, 2016 Avi Krawitz
Bharat Diamond Bourse
India’s Polished Exports Rise in July
India’s polished diamond exports climbed 1 percent to $1.65 billion in July, according to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC). By volume, polished exports dropped 11 percent to 2.5 million carats. Polished...
Polished Markets Aug 25, 2016 Rapaport News
Waldorf Astoria NY
24 Karat Club to Leave Iconic Venue
The 24 KaratClub of the City Of New York will cease holding its annual Grand Banquetat the city’s Waldorf-AstoriaHotel after more than 100 years due to a renovation project at the venue.The 115th banquet on January 14,...
Polished Markets Aug 24, 2016 Rapaport News
ALROSA 401.97-carat rough diamond
ALROSA to Auction 402ct. Rough Diamond
ALROSA will offer a 401.97-carat rough diamond and a40.25-carat polished stone at separate sales starting this month inVladivostok.The miner’s first rough auction and polished tender in Vladivostokfollow ALROSA’s decision to opena base in the Russian...
Mining Aug 24, 2016 Rapaport News
William Lamb
Lucara Invests to Improve Small Diamond Recovery
Lucara Diamond Corp. will increase the use of X-raytechnology (XRT) to target smaller size diamonds, after usingthe equipment to successfully recover exceptional stones such as the 1,109-carat Lesedi LaRona.The company will introduce four new...
Mining Aug 24, 2016 Rapaport News
Trans Hex Operation
Tycoon Sees Opportunity in Consolidating Mines
Christo Wiese, the South African billionaire who bought astake in miner Trans Hex Group, sees the prospects of consolidating diamondoperations in the region, Bloomberg reported. Wiese, the country’s richest man, formed a consortium that...
Mining Aug 23, 2016 Rapaport News
Israel Diamond Exchange
Israel Bourse Petitions Minister Over Lending ‘Crisis’
The Israel Diamond Exchange (IDE) called on Finance MinisterMoshe Kahlon to help overturn First International Bank of Israel’s (FIBI) decisionto tighten its lending standards for the industry.The bourse encouraged Kahlon to intervene in a petition thatclaims...
Financial-Legal Aug 23, 2016 Rapaport News
swiss watch
Swiss Watch Exports Continue to Fall
Swiss watch exports slumped in July as orders from Hong Kongextended a decline and shipments of high-end timepieces continued to falter.Total watch exports dropped 14 percent to $1.71 billion (CHF1.64 billion) with wrist-watch exports falling 14.5 percent...
Watches Aug 23, 2016 Rapaport News
Michael Hill
Michael Hill’s Sales Rise
Michael Hill’s group revenue jumped in the past fiscal year asthe retailer reported broad-based growth across all regions.Revenue advanced 9.5 percent to $421.3 million (AUD 551.1million). Sales in Australia, its largest market, increased...
Retail Aug 23, 2016 Rapaport News
Ahmed Bin Sulayem
KP Mulls Using Tech to Eradicate Conflict Diamonds
The United Arab Emirates-based chair of the KimberleyProcess (KP) has proposed using ‘blockchain’ technology to enhance security andprevent conflict diamonds from entering the market.Blockchain is a list of transactions that take place in apeer-to-peer network. It enables...
Technology Aug 22, 2016 Rapaport News
Kennady Diamonds
Kennady Buys Mine Sites Next to Gahcho Kué
Kennady Diamonds acquired six mining leases from GGLResources Corp. adjacent to the high-value Gahcho Kué mine in Canada for $154,949(CAD 200,000) in cash.The leases adjoin Gahcho Kué’s southern border and compriseroughly 4,233 hectares,...
Mining Aug 22, 2016 Rapaport News
Diamcor Sales Spike Despite Rough Price Drop
Diamcor Mining’s revenue more than quadrupled in its firstfiscal quarter as increased efficiencies and processing volumes offset adecline in rough prices.Revenue jumped to $1.9 million (CAD 2.4 million) in thethree months that ended June 30 from...
Mining Aug 22, 2016 Rapaport News
Stellar Tongo mine Sierra Leone
Stellar, Octea to Merge Sierra Leone Diamond Mines
Stellar Diamonds and Octea Mining agreed to combine theirSierra Leone projects to create the second largest diamond-mining operation inWest Africa.Under the proposed deal, Stellar plans to amalgamate itsTongo kimberlite project with Octea’s adjacent...
Mining Aug 22, 2016 Rapaport News
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