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(13:30 GMT) Oct. 8 Oct. 1 Chng. $1 = Euro 0.89 0.90 -0.007 $1 = Rupee 65.04 65.52 -0.5 $1 = Israel Shekel 3.85 3.93...
Financial-Legal Oct 08, 2015 Rapaport News
Market Comments 10/8/2015
HK’s Golden Week weak as mainland Chinese tourists stay home. Buyers waiting for price cuts from sellers who need cash. Israel and New York slow as dealers return from holidays. India remains slow, particularly 1.5-ct.+ goods. Commercial goods better than high end...
Research Oct 08, 2015
Rapaport TradeWire October 9, 2015
RAPAPORT NEWS SERVICE | October 9, 2015...
Research Oct 08, 2015 Rapaport
Market Comments
HK’s Golden Week weak as mainland Chinese tourists stay home. Buyers waiting for price cuts from sellers who need cash. Israel and New York slow as dealers return from holidays. India remains...
Polished Markets Oct 08, 2015 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Market slow and uncertain as international buyers wait for price stability. Manufacturers’ profit under continuous pressure as De Beers fails to significantly reduce rough prices. Manufacturing down by as much as 50 percent before November 10 Diwali vacation. Liquidity...
Research Oct 08, 2015 Rapaport News
Look to the Holidays to Gauge the Trade’s Foreseeable Future
If things in the diamond trade were business as usual, strong sales during Christmas and the Chinese New Year in early February would reduce retail inventory and by March bring fresh orders for goods throughout the distribution chain. But there is little about the trade this...
Polished Markets Oct 08, 2015 Avi Krawitz
Micheal HIll logo
Michael Hill Sales +9.9%, Same-Store Sales +6%
Michael Hill reported a 9.9 percent increase in sales to $80.8 million (AUD 112.5 million) for the three months through September, while same-store sales rose 6 percent to $76.8 million.The New Zealand-based retailer has also...
Retail Oct 08, 2015 Rapaport News
Dubai Diamond Exchange Sets Financing Seminars
The Dubai Diamond Exchange (DDE) will hold an inaugural series of seminars to raiseawareness of diamond-financing options and explore ways in which the emirate’s trade infrastructureand financial institutions can support the industry.The first of three Dubai...
Financial-Legal Oct 08, 2015
US Flag
U.S. Polished Diamond Imports +4% in August
U.S. polished diamond imports increased 3.9 percent year on year to $1.62 billion in August. The average price for polished goods rose 5.3 percent to $1,861 per carat, according to Commerce Department data released on October...
Polished Markets Oct 08, 2015 Rapaport News
Lucapa Finds Confirmed Kimberlite at Angola Project
Lucapa Diamond Company has identified confirmed kimberlite material at its Lulo project in Angola.The miner said the identification, L259, was a “significant outcome”from its pitting and grade control programs around its Mining Block...
Mining Oct 07, 2015 Rapaport News
WDC Adds to Criticism of Amnesty CAR Report
The World Diamond Council (WDC) has become the latest body to come out against a recent Amnesty International report that claimed diamondtrafficking was being used to fund violence in the Central African Republic(CAR).WDC president...
Fair Trade Oct 07, 2015 Rapaport News
Diamcor 2Q Carat Sales +70%, Revenue +49%
Diamcor Mining reported a 70 percent increase in rough diamond carat sales for the second quarter of 2015 alongside a 49 percent hike in revenue.The Canadiangroup, which operates a strategic alliance with Tiffany & Co. Canada, saidin a statement...
Mining Oct 07, 2015 Rapaport News
Panama Diamond Exchange
PDE Picks Khemlani as New President
The Panama Diamond Exchange (PDE)has elected Mahesh C. Khemlani as its next president, replacing longstanding chief Erez Akerman.Khemlani, a former vice minister offinance for the Central American state, joins the bourse from Panamanian...
Polished Markets Oct 07, 2015 Rapaport News
Etsy to Launch Matching Service for Designers, Manufacturers
E-commerce website Etsy, which allows users to buy and sell home-made crafts including jewelry, is to launch Etsy Manufacturing, a marketplace for designers and manufacturers.The venture, set to go live this year, will let designers search...
Manufacturing Oct 06, 2015 Rapaport News
AWDC to Send Local Text Alerts in Emergency Situations
The Antwerp World Diamond Centre (AWDC) is introducing a notification system that informs users by text message in the case of asecurity incident in the city’s diamond hub, the organization said in an emailupdate.AWDC said the SMS alertsmechanism...
Technology Oct 06, 2015 Rapaport News
Sarine Launches Super-Fast Mapping Tech
Sarine Technologies has released asystem for inclusion mapping of small diamonds called Meteor that couldincrease the speed of scanning to 220 stones per day.The Israeli equipment maker, whichfocuses on technology for the evaluation, planning,...
Technology Oct 06, 2015
WFDB Supports Bharat Ban While Not Opposed to Synthetics Trade
The leadership of the World Federation of Diamond Bourses (WFDB) isn't opposed to the trade in synthetic diamonds but takes no issue with Bharat Diamond Bourse’s decision late last week to ban dealing in them. WFDB president...
Technology Oct 06, 2015 Rapaport News
Luk Fook Interview Thumb
Luk Fook CFO Not Optimistic on Golden Week Sales
While Luk Fook stores have seen an increase in store traffic in the initial days of China’s Golden Week festival, Kathy Chan, executive director and CFO said “I don’t feel we should be optimistic about the figures.”In...
Retail Oct 06, 2015 Rapaport News
michael hill
Michael Hill Opens NY Store in East Coast Push
Michael Hill has opened its first store in New York amid planned expansion for the Australian jeweler on the U.S. East coast.The retailer’s inaugural New York launch sees it set up shop in Queens Center...
Retail Oct 06, 2015 Rapaport News
Firestone Diamonds
Firestone Diamonds Says Sale Of Botswana Assets Hits Snag
(RAPAPORT) Firestone Diamonds PLC on Friday said the sale of its Botswana operations to Tango Mining Ltd has hit an obstacle after Tango said it has been unable to pay the deposit required by the sale agreement.Tango...
Mining Oct 05, 2015 Alliance News
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