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Atlas Jewellery
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
Rapaport TradeWire August 28, 2015
RAPAPORT NEWS SERVICE | August 28, 2015...
Research Aug 27, 2015 Rapaport
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes over the preceding five days, as of 10:00 GMT on August 27. Aug. 27 Aug. 20 Chng. $1 = Euro 0.8851 0.8942 -0.009 $1 = Rupee 65.875 65.5904...
Financial-Legal Aug 27, 2015 Rapaport News
Signet Jewelers
Signet Shares Rally as 2Q Sales, Profit Beat Expectations
Shares of Signet Jewelers jumped more than 10 percent Thursday morning in New York after the jewelry retailer beat expectations in its second quarter earnings report. “With the flurry of global market noise, we believe a market...
Retail Aug 27, 2015 Rapaport News
Market Comments
Polished trading cautious as financial markets tumble. De Beers restarts generic marketing spend to restore U.S., China holiday sales growth, drops prices 8-10% at $250M Aug. sight. Cutters hope cheaper rough will enable profitable 4Q season but trading is still restrained. Signet 2Q sales +15% to $1.4B, profit+7%...
Polished Markets Aug 27, 2015 Rapaport News
Market Analysis
Sightholders React to Price Cuts at $250M Sight
De Beers sightholders had mixed reactions to the price cuts at this week’s sight, which had an estimate value of $250 million before any additional supply was offered. The company dropped its rough diamond prices...
Rough Markets Aug 27, 2015 Avi Krawitz
tiffany store
Tiffany 2Q Sales Flat as Profit Falls 16%
Tiffany & Co. today said second quarter sales were flat at $991 million versus the comparable period last year, according to a company press release. Profit was down 16 percent to $105 million. Comp store...
Retail Aug 27, 2015 Rapaport News
Gem-A
New Gem-A Trustees Gain Seats in Hotly Contested Election
Elections results are in for trustees at Gem A, the Gemmological Association of Great Britain, according to the Friends of Gem A Facebook page and confirmed by an association spokesperson. The election results were delayed earlier this week reportedly...
Retail Aug 27, 2015 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
POLISHED: Slight slow down in demand & activity observed in local polished market this week. Manufacturing activity continues to remain low. Sharp weakening of INR against USD affecting domestic buying activities.Liquidity remains tight. Round...
Research Aug 27, 2015 Rapaport News
IDE Logo
IDE Mulls Creating Large Diamond Factory
The Israel Diamond Exchange (IDE) is considering opening a manufacturing plant for the polishing of large diamonds, according to information posted on its website. The IDE's Industry Committee has invited members of the bourse to a discussion of the...
Polished Markets Aug 27, 2015 Rapaport News
IDI Find
IDI Enables Chinese Diamond Search for September Show
The Israel Diamond Institute has introduced a Chinese-language version of its “Find Your Diamond” search platform for the Hong Kong Jewellery & Gem Fair beginning September 10, according to an IDI announcement.The application shows...
Manufacturing Aug 27, 2015 Rapaport News
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